Archer Exploration to develop magnesite deposit in Australia

By Antonio Torrisi
Published: Tuesday, 16 September 2014

By settling a dispute with another Foyson Resources, the Australian junior is now able to start exploration at its Leigh Creek magnesite deposit, one of the largest in the world, and to complete a strategic review by the end of this year.

Wayville, Australia-based Archer Exploration Ltd, has announced the settlement of a dispute over its Leigh Creek magnesite deposit in South Australia, which will allow the company to immediately start exploration at the site.

Archer said it has entered into a confidential settlement agreement with Sydney, Australia-headquartered junior Foyson Resources Ltd,...

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