Hole ID

From

To

Intersection >=0.10 g/t Au

Intersection >=1.00 g/t Au

HVDD009

12.2

16.9

4.7m @ 0.17g/t Au from 12.2m

HVDD009

95.7

98.8

3.1m @ 0.16g/t Au from 95.7m

HVDD010

0

4

4m @ 0.24 g/t Au and 2.6 g/t Ag from surface

0.61m @ 7.85 g/t Au from 19.6m

HVDD010

16.6

17.3

0.7m @ 0.18 g/t Au and 1.6 g/t Ag from 16.6m

1.36m @ 1.18 g/t Au from 25.0m

HVDD010

19.6

27.3

7.7m @ 1.05 g/t Au and 13.87 g/t Ag from 19.6m

2.0m @ 1.2 g/t Au from 36.0m

HVDD010

32

39

7.0m @ 0.69 g/t Au and 28.43 g/t Ag from 32.0m

1.0m @ 1.03 g/t Au from 77.0m

HVDD010

77

78

1.0m @ 1.03 g/t Au and 0.25 g/t Ag from 77.0m

HVDD010

117.5

118

0.5m @ 0.79 g/t Au and 0.25 g/t Ag from 117.5m

HVDD011

5.4

6.1

0.7m @ 0.99 g/t Au and 16.1 g/t Ag from 5.4m

1.2m @ 1.27 g/t Au from 60.3m

HVDD011

18

19

1.0m @ 0.11 g/t Au and 0.5 g/t Ag from 18.0m

HVDD011

56

69.5

13.5m @ 0.52 g/t Au and 6.52 g/t Ag from 56.0m

HVDD012

1.5

4

2.5m @ 0.32 g/t Au and 3.84 g/t Ag from 1.5m

HVDD012

88

89.2

1.2m @ 0.11 g/t Au and 43.1 g/t Ag from 88.0m

Hole ID

East

WGS_84

North

WGS_84

RL (m)

dip

( brg in

TN)

Azi grid

EOH (m)

HVDD001

572826

8955962

210

-60

290

219.4

HVDD002

572726

8956055

180

-60

110

158

HVDD003

573968

8956326

330

-60

0

122.1

HVDD004

573967

8956401

317

-60

180

113.8

HVDD005

573907

8956301

348

-60

360

150

HVDD006

573560

8955997

275

-60

360

116.3

HVDD007

573558

8956037

302.5

-60

180

304

HVDD008

572810

8955999

219

-60

240

189.6

HVDD009

572810

8955999

219

-70

235

155.8

HVDD010

574021

8956407

275

-60

354

162.6

HVDD011

574010

8956375

286

-60

360

121.3

HVDD012

573294

8955847

333

-60

355

233.4

Criteria

JORC Code explanation

Commentary

Sampling techniques

Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.

Include reference to measures taken to ensure sample representation and the appropriate calibration of any measurement tools or systems used.

Aspects of the determination of mineralisation that are Material to the Public Report.

In cases where 'industry standard' work has been done this would be relatively simple (eg 'reverse circulation drilling was used to obtain 1 m

samples from which 3 kg was pulverised to

produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or

mineralisation types (eg submarine nodules) may

warrant disclosure of detailed information.

Drill core samples collected using half core from PQ and HQ triple tube drilling using an Atlas Copco CS-1000 drill rig. The core is sampled according to the geologist with samples no larger than 1.5m intervals.

The core is halved using a diamond core saw on site and transported to the laboratory in Honiara.

Drilling techniques

Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face- sampling bit or other type, whether core is oriented and if so, by what method, etc).

Diamond drill core.

Drilling commenced using PQ triple tube and extended as far as possible (around 60m). Then the hole continued with HQ triple tube core to EOH.

Core orientation is used where possible.

Drill sample recovery

Method of recording and assessing core and chip sample recoveries and results assessed.

Measures taken to maximise sample recovery and ensure representative nature of the samples.

Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

All core is recovered from the core barrel and placed in core trays on site, cleaned, and then transported to the local core yard for processing.

Recovery has generally been close to 100%

except in the top 15m. Recoveries are recorded.

Logging

Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical

Geology, alteration, structure and geotechnical aspects have been recorded in the core logs.

All whole core has been wet and dry

Criteria

JORC Code explanation

Commentary

studies.

Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.

The total length and percentage of the relevant intersections logged.

photographed.

The entire length of hole has been logged.

Sub- sampling techniques and sample preparation

If core, whether cut or sawn and whether quarter, half or all core taken.

If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.

For all sample types, the nature, quality and appropriateness of the sample preparation technique.

Quality control procedures adopted for all sub- sampling stages to maximise representation of samples.

Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.

Whether sample sizes are appropriate to the grain size of the material being sampled.

Half core sawn samples are taken on intervals decided on by the logging geologist. These are generally around 0.5m-1.5m long.

Samples are dried, crushed and pulverised to

75microns.

No tests have been undertaken to determine the grain size of gold.

Quality of assay data and laboratory tests

The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have

been established.

Fire assay is appropriate for the nature of the gold mineralisation being assayed.

Use of certified reference material comprising about 8% of each sample batch is considered acceptable to assure levels of accuracy.

Duplicate sampling comprising about 4% of each sample batch is acceptable to assure levels of assay precision.

With drill samples, a certified reference sample is inserted every 25 samples, and a blank sample is inserted every alternate 25m. This is measured when the assays are received to measure bias.

Verification of sampling and assaying

The verification of significant intersections by either independent or alternative company personnel.

The use of twinned holes.

Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

Significant intersections are prepared by the

company's Competent Person.

No twinned holes.

No adjustment to assay data; except assays below lower level of detection (LLD) reported as half the value of the LLD.

Criteria

JORC Code explanation

Commentary

Discuss any adjustment to assay data.

Location of data points

Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

Specification of the grid system used.

Quality and adequacy of topographic control.

All drill hole collars are located using a Garmin handheld GPS unit with an accuracy to ±10m. They will eventually be located using a differential GPS.

Downhole surveys are taken using a downhole Reflex survey tool and recorded on the drillers log. Dip, magnetic declination and magnetic intensity are recorded.

Data

spacing and distribution

Data spacing for reporting of Exploration Results. Whether the data spacing and distribution is

sufficient to establish the degree of geological

and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

Whether sample compositing has been applied.

Lower cut-off intervals derived from assay cut‐ off

of 0.1 g/t Au and 1.0 g/t Ag, minimum width of

0.5m, maximum internal dilution of 1m.

Upper cut-off intervals derived from assay cut‐off

of 1.0 g/t Au and 10.0 g/t Ag, minimum width of

0.5m, maximum internal dilution of 1m.

Orientation of data in relation to geological structure

Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

If the relationship between the drilling orientation and the orientation of key mineralised structures

is considered to have introduced a sampling bias, this should be assessed and reported if material.

No bias has been determined. Drilling is planned to intersect the target as normal to the predicted orientation of the structure as possible.

Sample security

The measures taken to ensure sample security.

A chain of custody procedure is implemented by the company from site to a laboratory in Honiara.

Audits or reviews

The results of any audits or reviews of sampling techniques and data.

No audits have been undertaken.

Criteria

JORC Code explanation

Commentary

Mineral tenement and land tenure status

Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

The security of the tenure held at the time of reporting along with any known impediments to

Axiom Mining Limited exploration licence PL‐

01/14 (located in the west of Guadalcanal Island,

Solomon Islands) is currently under renewal application.

No other agreements or material issues associated with the licence.

No impediments to access. Axiom has full access

Criteria

JORC Code explanation

Commentary

obtaining a licence to operate in the area.

to the tenement under a Surface Access

Agreement sanctioned by the Ministry of Mines and Rural Electrification.

Exploration done by other parties

Acknowledgment and appraisal of exploration by other parties.

1954: Solomon Islands Geological Survey

1970: Carpentaria Exploration Company Pty Ltd

(CEC)

1986-1988: BHP and Utah International

1988-1990: Austpac Gold NL with Nuigini Mining

1994-1998: Gualer Resources

Geology

Deposit type, geological setting and style of mineralisation.

The regional tectonic and geological settings of the project is similar to that of major porphyry copper-gold and epithermal gold deposits elsewhere within the southwest Pacific Island Arc System including the Panguna porphyry copper and Gold Ridge epithermal gold deposits that lie within the same volcanic arc and in Gold Ridge's case, on the same island and are associated with similar aged igneous rocks.

The Solomon Islands are part of the currently active Outer Melanesian Arc System, lying on a complex convergent boundary between the Indo- Australian and Pacific Plates. They are composed of a diverse assemblage of rocks of late Mesozoic to Cainozoic age that have formed and accreted within an intra-oceanic environment.

Drill hole

Information

A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all material drill holes:

 easting and northing of the drill hole collar

 elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collar

 dip and azimuth of the hole

 down hole length and interception depth

 hole length.

If the exclusion of this information is justified on the basis that the information is not material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

All significant assay results (Au and Ag) for the drilling to date are reported in the appropriate tables above.

Collar location is recorded including RL in metres. The dip in degrees and the azimuth in True North

are also recorded.

All sample lengths including from and to are recorded to the end of hole.

Data aggregation

In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and

For drill sampling, length weighing calculations with a maximum 1m internal dilution have been

Criteria

JORC Code explanation

Commentary

methods

cut-off grades are usually Material and should be

stated.

Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

The assumptions used for any reporting of metal equivalent values should be clearly stated.

applied.

Two cut-off criteria are applied to derive the lower cut-off and the upper cut-off intervals of Table 1. The gold grade cut-off of the lower cut-off weighted average intervals is 0.1 g/t Au and 1.0

g/t Ag; and for the upper cut-off weighted average

intervals the cut-off is 1.0 g/t Au and 10.0 g/t Ag. No metal equivalent values reported.

Relation- ship between minerali- sation widths and intercept lengths

These relationships are particularly important in the reporting of Exploration Results.

If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

If it is not known and only the down hole lengths are reported, there should be a clear statement

to this effect (eg 'down hole length, true width not

known').

The geometry of the mineralisation is still unknown. All widths and intercepts are all

recorded as down hole lengths. There are no True

Widths at this stage.

Diagrams

Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported.

These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

See figure 1.

Balanced reporting

Where comprehensive reporting of all Exploration

Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

All significant drilling results for gold and silver are reported in the appropriate table.

Other substantive exploration data

Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.

Geological mapping by Axiom confirms significant zones of mineralisation and alteration occurs in the target areas.

Further work

The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).

Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling

Axiom will utilise the current review in planning future work programs, which will be reported to ASX in due course.