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2.5¢ axiom mining limited

Ann: Axiom Mining Company Update-AVQ.AX, page-43

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hot_investor

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25/07/16

18:31

Post #: 18361884
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Originally posted by invest4it ↑

Company Update - expansion and development of the world class Isabel Nickel Project
Highlights
 A Pre-feasibility study on the Isabel Nickel Project (both San Jorge and Kolosori deposits) is nearing completion Brilliant to see as indicated that axiom has been working on BOTH projects forfilling their criteria for a PL&ML moving forward
 Planning of a cost-effective development of the San Jorge tenement is well advanced in anticipation of the imminent commencement of operations to develop the company’s asset of medium to high grade tropical nickel laterite ore Sounds like a low cost (if any) in true RM form in the interest of SH's
o Axiom is progressing with its discussions and negotiations with its strategic partners, and
o Recruitment of key personnel has commenced
 The application for the Kolosori tenement is before the government. Axiom remains confident of its position as the preferred developer of sustainable mineral development in the Solomon Islands and anticipates a formal response from government shortly
 Recent developments in the international nickel laterite market continue to bode well for Axiom and reinforce the value of the Isabel Nickel Project.
Chief Executive Officer Mr Ryan Mount sees Axiom capitalising on the current market situation:
"The DSO nickel laterite ore market is undergoing unprecedented change. Indonesia, the Philippines and New Caledonia, holding 80% of the world’s nickel laterite reserves for DSO, are refusing to export any significant nickel ore to China.
"In what is becoming one of the most constrained nickel laterite markets in history, Axiom is in the incredible position of being potentially one of the only few viable DSO opportunities for the world’s largest nickel ore consumer, China."China has nowhere else than can offer a long term nickel supply....
Development and mining studies
The Company has continued to conduct studies in consultation with leading industry experts as to the economics and development of mining for nickel ore located within the Isabel Province, collectively known as the "Isabel Nickel Project".
A Pre-feasibility study is nearing completion. This study is expected to validate the potential of the Isabel Nickel Project.

San Jorge tenement
The Company has been in discussions with the government and its strategic partners as to planning and commencement of cost effective operations on Axiom’s San Jorge tenement.
The San Jorge tenement has previously been subject to many years of exploration by industry leader INCO (Vale) including thousands of drill holes and pits in the 1960’s and 70’s. The geology is very similar to the Kolosori deposit, with historical drilling and feasibility studies indicating the ore body is likely to have similar characteristics especially as to grade and tonnage.
Axiom will be able to mobilise already in-country plant and equipment, as well as benefit from established supply chains and logistics channels. The Company also has access to trained and experienced operational personnel for this exploration and development campaign.
Kolosori tenement
The Company submitted its application for the Kolosori tenement in March 2016. The Solomon Islands Government has indicated it wants to ensure an efficient and proper process be conducted in the re-issuing of the mineral rights over Kolosori.
An Environmental Management Plan has also been completed and submitted to the government.
Nickel ore market
Recent developments in the nickel laterite ore market have resulted in a number of favourable opportunities currently being considered by the Company.
The Philippines Government introduced greater environmental protocols, which has resulted in diminishing ore exports out of the Philippines. Furthermore, the Philippines Government has suspended operations at a number of nickel mines and stopped issuing relevant licenses and permits.
In 2014, the Indonesian Government banned the export of unprocessed ore including nickel laterite ore. Previously, Indonesia supplied approximately 70-80% of China’s demand for nickel laterite ore. New Caledonia, which has some of the largest known nickel reserves in the world, now has a policy of not allowing the shipment of its nickel ore into China.
Strategic partners
Axiom continues its ongoing relationship and support from its strategic partners
Axiom’s off-take agreement with Gunvor remains in place as the does the opportunity for Axiom to seek up to $15m of debt financing if Axiom was to extend its off-take agreement out to four years of production*. The Company will continue to work closely with Gunvor to maximise the value of Axiom’s ore, especially in the current market where the nickel ore supply is in high demand.

A Brilliant ann full of useful information and clear and transparent wording...
Our direction is clear as is the support of both the Government and partners, the interest from other parties throws a interesting element to our position and each box is being ticked to the overall target of having a DSO operation online ASAP....
The buying is all controlled and offscreen i look forward to the week ahead and again am more than happy with my investment..

GLTA,
anyone see Jazz lately?

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Hi Invest , you guys are close to the top , do you have any info on SMM.

What is there next move , Its hard to believe there just gone and Im sure RM and crew know something.

There must at least be rumors and why the silence on this forum re SMM

Thanks in advance

AVQ Price at posting: 32.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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