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
ASX Announcement
Isabel Nickel Project JORC Resource statement imminent
Highlights
Phase 1 of the resource definition drilling program is complete.
A total of 423 holes across 5000m delivered in only three months.
Initial JORC Resource statement due by 30 September 2015.
On track for first shipment of ore in late 2015.
7 September 2015
Axiom Mining Limited ('Axiom' or 'the Company') has completed Phase 1of its resource definition drilling program on the Isabel Nickel Project in Solomon Islands, which has delivered excellent results including grades of over 3% and thickness of mineralisation that extends up to 20m.
Axiom CEO Mr Ryan Mount said, "The completion of 5000m of resource drilling within three months, on schedule, and the significant progress made in other areas of the project ensures we are on track for our first shipment of ore next quarter.
"Our team culture of continually securing efficiencies, even at such an early stage in the project, and our inclusive approach with local communities means we will get this project into production as scheduled and on budget.
"We have not lost one day of work on site due to safety, landowner or community issues-which is somewhat of a record in the region, and we congratulate the government and our landowner partners for their role in this."
An initial JORC Resource statement based on results from Phase 1 of the resource drilling program is due this month. Phase 2 will commence this week and the results will further contribute to the initial JORC Resource statement.
Axiom is aiming to have the first three to five years of minable resource under JORC standards defined prior to the first shipment of ore.
The Company then aims to progressively drill and upgrade the mineralised resource throughout the life of the mine.
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 Queensland, 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 result s 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.