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Y'know, considering it's a quest about literally studying archeology.

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about 4 years ago - /u/JagexRowley - Direct link

It has already been partially integrated last summer, with the dig site area and quest rework update ahead of Anachronia's release. It plays a (tiny) role within the skill. We would like to integrate it more fully (have a task to do so), but as the vast majority of players have already completed it, it's not exactly the smartest use of our time to do so, especially not right now.

The quest is themed with the player as a student, the skill with the player as an employee. You can get the job (train the skill) w/o formal education, and formal education can help you get ahead in your career whenever you do it.