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Axiom Mining Limited

Publié le 29 juillet 2016

Quarterly Activities Report

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Mots clés associés :   Mines | Nickel | Paramount |

Quarterly Activities Report

Quarterly

Activities Report

For the period ended 30 June 2016

Message from

the CEO

The Court of Appeal judgment was delivered in late March, and whilst the ruling was not entirely expected, it did provide us with a clear path forward - one without prolonged litigation that in the past has prevented us from our core business - sustainable mining.

With the Court of Appeal ruling ordering that SMM Solomon Limited (Sumitomo) were a) in breach of

the land-banking provisions and should not have been able to apply for further tenements, and

b) Axiom's Kolosori tenement is no longer in existence. On hearing this announcement, Axiom quickly re-organised the operations of the

business and focussed it's attention to the other half of the Isabel Nickel Project, the San Jorge tenement.

The San Jorge Prospecting Licence was granted in early 2015 and was previously subject to significant exploration in the 1960s & 70's by INCO (Vale). Historical exploration data indicates that the San Jorge deposit is very similar to the Kolosori deposit including in both grade

and tonnage.

During the quarter we continued with our preliminary activities on San Jorge, including community consultation and environmental

studies, and anticipate further active development of San Jorge in the near future.

We have re-applied for our Prospecting Licence over the Kolosori tenement and await formal notification from the Solomon Islands Government.

Axiom and our landowner partners' investment in the Isabel Nickel Project goes beyond 18 months

of extensive exploration and mine planning to define the first five years of production - we upskilled our local workforce and worked with local communities to develop small businesses and community infrastructure. We are still confident that our approach to sustainable mine development, the company's strong ties with the customary

landowners and the robust technical work undertaken to date, will give Axiom a competitive advantage both in the development of the San Jorge deposit and the reapplication

of the prospecting licence over the Kolosori tenement.

The nickel laterite industry is experiencing significant supply constraints and it is uncertain, especially in the Pacific, where the majority of tropical nickel laterite deposit will be sourced from.

Axiom has a unique opportunity to capitalise on these recently evolving dynamics in the Asia Pacific nickel ore trade - moving the Company's projects to production is paramount.

Coupled with our existing and ongoing relationships with our strategic partners such as

Gunvor and Anitua, we are looking forward with much optimism to

the next stages of growth in the Solomon Islands.

Ryan Mount, CEO

1 | Axiom - Quarterly Activities Report for the period ended 30 June 2016

Corporate summary

Application for Prospecting Licence for Kolosori tenement

On 9 May 2016, Axiom Mining Limited announced it had submitted its application for a Prospecting Licence for the Isabel Nickel Project's Kolosori tenement with the Solomon Islands' Ministry of Mines, Energy and Rural Electrification ('the Ministry').

Axiom also welcomed a 6 May 2016 public notice from the Ministry stating its position on the Isabel Nickel Project, in which the Ministry advised it:

  • has committed to run an "inclusive, transparent process that is strictly compliant with all requirements under the Mines and Minerals Act (Cap 42) and the Environment Act (1998) and other relevant legislation to avoid legal implications and delay in the development of mineral rights of great promise and potential benefit for all stakeholders".

  • will provide further details about the process to receive expressions of interest for the Isabel nickel deposits.

Shareholder information sessions

A number of shareholder sessions were held in Brisbane and Sydney at the end of May, to give an update on the Company's operations.

We welcome and enjoy open discussion with our shareholders, and plan similar events in the near future.

Key executive management appointment

Recruitment has commenced on a number of key management positions, with our first successful incumbent being Mr Ken Stein, who has taken up the role of Executive

General Manager - Operations. Mr Stein brings to the company some 40 years of mining experience, particularly in nickel development, and bolsters our in-country management team to prepare our operations for upcoming fieldwork. Ken will be located in the Solomon Islands.

Axiom - Quarterly Activities Report for the period ended 30 June 2016 | 2

Solomon Islands summary

Isabel Nickel Project

Tenements

San Jorge (PL 01/15)

Ownership

80% Axiom Mining Limited

20% interest held by landowning tribes

Location

San Jorge Island, Isabel Province

Area

36 km2

Kolosori Nil - reapplication submitted

Santa Isabel Island, Isabel Province

42km2

Solomon Islands Court of Appeal judgment

Axiom was granted a Prospecting Licence for the Isabel Nickel Project's San Jorge tenement in March 2015 with approval from the Solomon Islands Government and the customary landowners. Its close proximity to the Kolosori tenement enables Axiom to rapidly re-deploy most existing project infrastructure and resources to progress work on San Jorge.

Following the Solomon Islands Court of Appeal judgment, which considered the Kolosori tenement, on 1 April Axiom announced it would also focus its operations on the San Jorge tenement.

Axiom has been undertaking preliminary activities on the tenement, including community consultation and environmental studies, and further active development of the San Jorge tenement is anticipated in the coming months.

Kolosori tenement

On 9 May 2016, Axiom announced it had reapplied for a Prospecting Licence for the Isabel Nickel Project's Kolosori tenement.

Pre-feasibility Study

Through in-house consultants and a third party engineering firm, Axiom has been preparing a pre-feasibility study of the Isabel Nickel Project (both San Jorge and Kolosori tenements). The study, which confirms the economics of the project, is nearing completion.

3 | Axiom - Quarterly Activities Report for the period ended 30 June 2016

Lire la suite de l'article sur www.publicnow.com

Axiom Mining Limited

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CODE : AVQ.AX
ISIN : AU000000ASX7
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Axiom Mining est une société d’exploration minière d'argent et d'or basée en Australie.

Ses principaux projets en exploration sont OK MINE, MT MOLLOY, CARDROSS, PINEVALE et WHITE HILLS en Australie et PU SAM CAP, QUANG BINH et QUANG TRI au Viet Nam.

Axiom Mining est cotée en Australie. Sa capitalisation boursière aujourd'hui est 8,7 millions AU$ (6,7 millions US$, 5,5 millions €).

La valeur de son action a atteint son plus haut niveau récent le 12 avril 2011 à 1,26 AU$, et son plus bas niveau récent le 24 mai 2019 à 0,02 AU$.

Axiom Mining possède 348 620 000 actions en circulation.

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Rapports annuels de Axiom Mining Limited
2007 Annual report
2006 Annual Report
Nominations de Axiom Mining Limited
04/06/2007appointment of Mr John Cook as a non-executive independent
Projets de Axiom Mining Limited
12/08/2016Pre-Feasibility Study for the Isabel Nickel Project
03/12/2015Isabel Nickel Project resource definition drilling update
04/11/2015Isabel Nickel Project resource definition drilling update
22/09/2015Isabel Nickel Project resource definition drilling update
14/09/2015Isabel Nickel Project resource definition drilling update
07/09/2015Isabel Nickel Project resource definition drilling update
31/08/2015Isabel Nickel Project resource definition drilling update
24/08/2015Isabel Nickel Project drilling defines thick mineralisation
06/08/2015Isabel Nickel Project resource drilling uncovers 3% Ni
13/07/2015Isabel orientation drilling program successfully completed
24/04/2015Isabel Nickel Project drilling update
10/04/2015Drilling indicates continuous high grade mineralis
26/09/2008(Nightflower)First Resource Estimate - Nightflower Project
Communiqués de Presse de Axiom Mining Limited
01/08/2016Change of Share Registry
31/07/2016Funding for development of the Isabel Nickel Project
29/07/2016Quarterly Activities Report
28/07/2016Trading Halt
26/07/2016Key executive management appointment
25/07/2016Axiom Mining Company Update
10/06/2016Half Year Financial Report 31 March 2016
01/06/2016Notice of Expiry of Options
12/05/2016Axiom Mining EGM 12 May 2016 - Results
09/05/2016Isabel Nickel Project update
01/05/2016Quarterly Activities Report
19/04/2016Axiom Mining Loyalty Bonus Issue
19/04/2016Notice to the Financial Markets Authority
07/04/2016Appendix 3B
05/04/2016Cleansing Statement
01/04/2016Notice of Expiry
01/04/2016Reinstatement to Official Quotation
01/04/2016Axiom moves forward litigation-free with new funding
31/03/2016Axiom Mining 2016 AGM Results
30/03/2016New strategic shareholder
23/03/2016Solomon Islands Court of Appeal Update
23/03/2016Suspension from Official Quotation
21/03/2016Trading Halt
02/02/2016Axiom Mining Company Update
18/01/2016Change of Australian registered office address
31/12/2015Notice of Expiry
29/12/2015Isabel Nickel Project defines first 5 years of production
22/12/2015Appendix 3B
21/12/2015Annual Financial Statements
21/12/2015Off-take agreement and funding with Gunvor
16/12/2015Notice of Expiry and Appendix 3B
04/12/2015Axiom Mining EGM 4 December 2015 - Results
04/12/2015Axiom Mining EGM 4 December 2015 - Chairman's Address
03/11/2015Major funding and partnership for Isabel Nickel Project
02/11/2015Quarterly Activities Report
21/10/2015Change of Director's Interest Notice
15/10/2015Axiom Mining EGM 15 October 2015 - Results
15/10/2015Axiom Mining EGM 15 October 2015 - Chairman's Address
30/09/2015Isabel Nickel Project Maiden Mineral Resource Estimate
28/09/2015Appendix 3B
14/09/2015Notice of Extraordinary General Meeting
07/09/2015Isabel Nickel Project JORC Resource statement imminent
21/08/2015Axiom Mining Key Appointment
11/08/2015Appendix 3B
04/08/2015Appendix 3B
31/07/2015Quarterly Activities Report
31/07/2015West Guadalcanal Project technical review complete
31/07/2015Trading Halt
29/07/2015Axiom Mining Key Management Appointments
28/07/2015$5 million to fund development of Isabel Nickel Project
24/07/2015Trading Halt Request
20/07/2015Appendix 3B
17/07/2015Axiom Mining Solomon Islands Litigation Proceedings Update
13/07/2015Appendix 3B
21/04/2015Response to Price Query
15/04/2015Completion of consolidation
14/04/2015Axiom Mining Solomon Islands Litigation Proceeding
02/04/2015Notice of Expiry
31/03/2015Axiom Mining 2015 AGM Results
30/03/2015Axiom Mining 2015 AGM Chairman's Address
09/03/2015Further high grade results on Isabel Nickel Projec
06/03/2015Notice of Annual General Meeting
16/02/2015Appendix 3B
16/02/2015Cleansing Statement
13/02/2015Anitua extends support for Axiom
12/02/2015Court of Appeal hearing date confirmed
23/01/2015Quarterly Activities Report
19/01/2015Sumitomo provides AU$5 million in bank guarantees
22/02/2008Western Plains - Large increase in Buzzard direct shipping i...
31/01/2008$1.3m exploration for the quarter - significant acqu isition...
01/11/2007 builds on successfuy September quarter exploration a ctivi...
16/08/2007Raises $4m in share placement to accelrate its progr ams in ...
31/07/2007Exciting Results continue from aggressive Exploration in Que...
26/06/2007New geophysical anomalies indicate prime drill targets at Ax...
04/04/2007new tenement grants in aggressive acquisition thru st in Nor...
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