Proactive Investors - Run By Investors For Investors

Archer Exploration progressing towards quantum computing chip development

The company’s carbon-based quantum computing chip will integrate critical materials sourced from the inventory of Carbon Allotropes, a wholly-owned subsidiary of Archer.
Nano Science Hub cleanroom
Nano Science Hub cleanroom

Archer Exploration Ltd’s (ASX:AXE) vision is to build a long term and viable minerals and materials development business focusing on the key areas related to quantum technology, human health and reliable energy.

These three themes were targeted during the three-month period ending March 31, 2019, as they have associated industries with exponential growth opportunities.

Archer executive chairman Greg English said on the company’s third quarter activities: “We successfully launched the 12CQ Project, with the aim of building a carbon-based quantum computing chip that integrates critical materials from our inventory that would form the future basis of room-temperature quantum technology in modern consumer electronic devices.


“During the quarter we appointed Dr Martin Fuechsle as Archer’s Quantum Technology Manager and began building chip prototypes at the Research & Prototype Foundry Core Research Facility at the University of Sydney Nanoscience Hub.

“The production of spherical graphite from Campoona graphite using small scale mechanical processes was a great achievement for Archer.

READ: Archer Exploration produces spherical graphite suitable for lithium battery from Campoona deposit

“We were able to convert a 95% graphite concentrate into a high-quality spherical graphite which may allow us to more efficiently purify the graphite after, rather than before, the production of the spherical graphite.

“The drilling program at Blue Hills were positive, showing that the rocks have undergone alteration and the drilling results support the concept that the exposed mineralisation is proximal in nature to an inferred intrusion or intrusions located at depth immediately east of Hood, Hawkeye and Katniss”.

READ: Archer Exploration review suggests potential for copper-gold system at Blue Hills

View full AXE profile View Profile

Archer Exploration Limited Timeline

Related Articles

electric car charging
April 09 2019
The Vancouver-based junior company has a unique business model that has the potential to disrupt a $6 billion market dominated by Chinese production
Vanadium periodic table on yellow cube
November 14 2018
Shares of the miner have more than doubled since April, not on recent results but on future prospects in uranium and vanadium
A gold pour
February 26 2019
Metalla aims to leverage precious metal exposure by acquiring royalties and streams to build value for shareholders
Copyright ©, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use