Axiom Mining Limited

Published : October 15th, 2015

Axiom Mining EGM 15 October 2015 - Chairman's Address

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Axiom Mining EGM 15 October 2015 - Chairman's Address

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Axiom Mining Limited

ARBN 119 698 770


6/76 Doggett Street Newstead QLD 4006

Australia


T + 61 7 3319 4100

contact@axiom-mining.com www.axiom-mining.com



Extraordinary General Meeting

Chairman's Address

15 October 2015


Good morning, ladies and gentlemen.

Welcome to this Extraordinary General Meeting of the Company.

Since our last meeting of shareholders in March, your Company has been dedicated to unlocking the value of potentially one of the largest nickel deposits in the Asia Pacific-the Isabel nickel deposits.

Whilst there has been significant exploration already completed on these deposits by industry leaders, Axiom has always been of the view that this asset could be more valuable than indicated by historical exploration.

So it has been pleasing to have our conviction confirmed-through detailed and efficient exploration, Axiom has uncovered significant amounts of high grade nickel laterite as well as proving the extensions of the depth of mineralisation, giving us great scope to upgrade the historical exploration results.

In addition to these encouraging results, your Company has:

  • completed an orientation drilling program through the first half of 2015

  • been granted further exploration rights by the Solomon Islands Government over the Isabel nickel deposits, known as the South San Jorge tenement

  • presented our defence at the hearing of the appeal of the High Court judgment in May and June

  • completed 5000 m of resource definition drilling between June to September

  • delivered our first JORC Resource statement-whilst this is just our initial Resource statement with many more to come, it provided a good portion of high grade material, underwriting the scope of the project, covering in full the initial projected capital and operating expenditure.

This has been possible only through the dedication of the people in our business who, I must say, have worked efficiently under some trying circumstances with volatile commodity and equity markets, and under litigious pressure from a competitor in an offshore jurisdiction.

To efficiently operate and support the project development and our dedicated team, the Company has made a number of appointments at Board and management levels, who are experienced with skill sets required for the next stage of Axiom's evolution-mining.

I would also like to take this opportunity to thank our shareholders for your continued support and patience as we await the judgment from the Court of Appeal hearing.

We are operating within the bounds of this pending judgment, which does create constraints in operations and we equally recognise the constraint it puts on shareholders.

Axiom continues to hold confidence in the validity of our rights, and as we respectfully await the Court's decision, Axiom has taken decisive action in other areas to maintain and increase shareholder value.


ASX Announcement

15 October 2015

Page 2


Operationally, I could not be more pleased with Axiom's performance, and we thank our landowner partners and the Solomon Islands and Isabel Provincial Governments for their continued support.

Axiom continues to make good progress towards our goal of shipping ore by the end of 2015. While current nickel prices are low, Axiom holds an optimistic outlook in the medium term.

Stockpiles of Indonesian high grade laterite nickel in China are being consumed and global nickel supply is decreasing-with the Isabel Nickel Project's low cost base and proximity to China and other consumers of our product, there is significant potential for Solomon Islands to be a major nickel producer in the region.

We will proceed with the formal matters of business as set out in the agenda in the Notice of Meeting.



About Axiom Mining Limited

ENDS

Axiom Mining Limited focuses on tapping into the resource potential within the mineral-rich Pacific Rim. Through dedication to forging strong bonds and relationships with the local communities and governments where we operate, Axiom Mining has built a diversified portfolio of exploration tenements in the Asia Pacific region. This includes a majority interest in the Isabel Nickel Project in the Solomon Islands and highly prospective gold, silver and copper tenements in North Queensl and, Australia. The Company is listed on the ASX. For more information on Axiom Mining, please visit www.axiom-mining.com


Disclaimer

Statements in this document that are forward-looking and involve numerous risk and uncertainties that could cause actual results to differ materially from expected results are based on the Company's current beliefs and assumptions regarding a large number of factors affecting its business, including litigation outcomes in the Solomon Islands Court of Appeal. There can be no assurance that (i) the Company has correctly measured or identified all of the factors affecting its business or their extent or likely impact; (ii) the publicly available information with respect to these factors on which the Company's analysis is based is complete or accurate; (iii) the Company's analysis is correct; or (iv) the Company's strategy, which is based in part on this analysis, will be successful.

Read the rest of the article at www.noodls.com
Data and Statistics for these countries : Australia | China | Solomon Islands | All
Gold and Silver Prices for these countries : Australia | China | Solomon Islands | All

Axiom Mining Limited

EXPLORATION STAGE
CODE : AVQ.AX
ISIN : AU000000ASX7
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Contact Cpy

Axiom Mining is a silver and gold exploration company based in Australia.

Its main exploration properties are OK MINE, MT MOLLOY, CARDROSS, PINEVALE and WHITE HILLS in Australia and PU SAM CAP, QUANG BINH and QUANG TRI in Vietnam.

Axiom Mining is listed in Australia. Its market capitalisation is AU$ 8.7 millions as of today (US$ 6.7 millions, € 5.5 millions).

Its stock quote reached its highest recent level on April 12, 2011 at AU$ 1.26, and its lowest recent point on May 24, 2019 at AU$ 0.02.

Axiom Mining has 348 620 000 shares outstanding.

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Annual reports of Axiom Mining Limited
2007 Annual report
2006 Annual Report
Nominations of Axiom Mining Limited
6/4/2007appointment of Mr John Cook as a non-executive independent
Project news of Axiom Mining Limited
8/12/2016Pre-Feasibility Study for the Isabel Nickel Project
12/3/2015Isabel Nickel Project resource definition drilling update
11/4/2015Isabel Nickel Project resource definition drilling update
9/22/2015Isabel Nickel Project resource definition drilling update
9/14/2015Isabel Nickel Project resource definition drilling update
9/7/2015Isabel Nickel Project resource definition drilling update
8/31/2015Isabel Nickel Project resource definition drilling update
8/24/2015Isabel Nickel Project drilling defines thick mineralisation
8/6/2015Isabel Nickel Project resource drilling uncovers 3% Ni
7/13/2015Isabel orientation drilling program successfully completed
4/24/2015Isabel Nickel Project drilling update
4/10/2015Drilling indicates continuous high grade mineralis
9/26/2008(Nightflower)First Resource Estimate - Nightflower Project
Corporate news of Axiom Mining Limited
8/1/2016Change of Share Registry
7/31/2016Funding for development of the Isabel Nickel Project
7/29/2016Quarterly Activities Report
7/28/2016Trading Halt
7/26/2016Key executive management appointment
7/25/2016Axiom Mining Company Update
6/10/2016Half Year Financial Report 31 March 2016
6/1/2016Notice of Expiry of Options
5/12/2016Axiom Mining EGM 12 May 2016 - Results
5/9/2016Isabel Nickel Project update
5/1/2016Quarterly Activities Report
4/19/2016Axiom Mining Loyalty Bonus Issue
4/19/2016Notice to the Financial Markets Authority
4/7/2016Appendix 3B
4/5/2016Cleansing Statement
4/1/2016Notice of Expiry
4/1/2016Reinstatement to Official Quotation
4/1/2016Axiom moves forward litigation-free with new funding
3/31/2016Axiom Mining 2016 AGM Results
3/30/2016New strategic shareholder
3/23/2016Solomon Islands Court of Appeal Update
3/23/2016Suspension from Official Quotation
3/21/2016Trading Halt
2/2/2016Axiom Mining Company Update
1/18/2016Change of Australian registered office address
12/31/2015Notice of Expiry
12/29/2015Isabel Nickel Project defines first 5 years of production
12/22/2015Appendix 3B
12/21/2015Annual Financial Statements
12/21/2015Off-take agreement and funding with Gunvor
12/16/2015Notice of Expiry and Appendix 3B
12/4/2015Axiom Mining EGM 4 December 2015 - Results
12/4/2015Axiom Mining EGM 4 December 2015 - Chairman's Address
11/3/2015Major funding and partnership for Isabel Nickel Project
11/2/2015Quarterly Activities Report
10/21/2015Change of Director's Interest Notice
10/15/2015Axiom Mining EGM 15 October 2015 - Results
10/15/2015Axiom Mining EGM 15 October 2015 - Chairman's Address
9/30/2015Isabel Nickel Project Maiden Mineral Resource Estimate
9/28/2015Appendix 3B
9/14/2015Notice of Extraordinary General Meeting
9/7/2015Isabel Nickel Project JORC Resource statement imminent
8/21/2015Axiom Mining Key Appointment
8/11/2015Appendix 3B
8/4/2015Appendix 3B
7/31/2015Quarterly Activities Report
7/31/2015Trading Halt
7/31/2015West Guadalcanal Project technical review complete
7/29/2015Axiom Mining Key Management Appointments
7/28/2015$5 million to fund development of Isabel Nickel Project
7/24/2015Trading Halt Request
7/20/2015Appendix 3B
7/17/2015Axiom Mining Solomon Islands Litigation Proceedings Update
7/13/2015Appendix 3B
4/21/2015Response to Price Query
4/15/2015Completion of consolidation
4/14/2015Axiom Mining Solomon Islands Litigation Proceeding
4/2/2015Notice of Expiry
3/31/2015Axiom Mining 2015 AGM Results
3/30/2015Axiom Mining 2015 AGM Chairman's Address
3/9/2015Further high grade results on Isabel Nickel Projec
3/6/2015Notice of Annual General Meeting
2/16/2015Appendix 3B
2/16/2015Cleansing Statement
2/13/2015Anitua extends support for Axiom
2/12/2015Court of Appeal hearing date confirmed
1/23/2015Quarterly Activities Report
1/19/2015Sumitomo provides AU$5 million in bank guarantees
2/22/2008Western Plains - Large increase in Buzzard direct shipping i...
1/31/2008$1.3m exploration for the quarter - significant acqu isition...
11/1/2007 builds on successfuy September quarter exploration a ctivi...
8/16/2007Raises $4m in share placement to accelrate its progr ams in ...
7/31/2007Exciting Results continue from aggressive Exploration in Que...
6/26/2007New geophysical anomalies indicate prime drill targets at Ax...
4/4/2007new tenement grants in aggressive acquisition thru st in Nor...
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