Ann: Axiom granted rights to world class Isabel Nickel Project, page-187

They are in happy situation of having a mining company seek an SAA for a PL but unlike normally millions have been spent in the site already.

They have a JORC on the project a DFS, an offtake agreement and have an aware investment community on the project that has had money raised against it before.

All these benefits are in the public domain with maps of all the drillings etc. the value is with the tenement and not axiom. So the project is much more valuable now and much more viable for other mining companies to be interested because it has been greatly derisked by all the work Axiom did under their old PL.

The local landowners are the benificiaries of this increase in value and are most definitely in the box seat and can and should push a far far better deal for themselves.

Of course the excesses of the Company in terms of raising millions in the past 2 years and spending nothing on the project has not gone unnoticed.