Archer Exploration to develop magnesite deposit in Australia
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