Ann: Axiom granted rights to world class Isabel Nickel Project, page-3

Axiom granted rights to the world class Isabel Nickel Project

Highlights

1. Mining Lease over the San Jorge nickel deposit approved by the Minerals Board of the Solomon Islands Government’s (‘SIG’) Ministry for Mines
 The Minerals Board has approved Axiom’s Mining Lease application (‘MLA’) for San Jorge subject to formal endorsement by the Attorney-General
 An area of 36km2 over the San Jorge nickel deposit, part of the Isabel Nickel Project
 Development Consent for mining on San Jorge granted by SIG through the Ministry of Environment.

2. The Minerals Board approved two Prospecting Licence Applications (‘PLA’) over nickel deposits in the Isabel Province
 An area of 36km2 known as Kolosori (formerly held by Axiom)
 Letter of Intent (‘LOI’) for a Prospecting Licence issued by the Minister for Mines
 An area of 145km2 surrounding Kolosori (formerly held by Sumitomo) referred to as ‘Tenement D’
 LOI for a Prospecting Licence is pending subject to formal endorsement by the Attorney General
 These LOIs provide Axiom with exclusive rights to negotiate landowner access agreements in these areas. Axiom Mining Limited (‘Axiom’ or ‘the Company’) is pleased to announce that two of its applications for minerals rights over the Isabel Nickel Project have been conditionally approved by SIG through the Ministry of Mines.

These applications are for a Mining Lease over San Jorge and for a Prospecting Licence on Isabel Island (’Tenement D’). A third application has been fully approved by SIG, with the Letter of Intent (‘LOI’) for a Prospecting Licence over Kolosori issued to Axiom. Axiom CEO Mr Ryan Mount said “We are delighted to have completed most of the government licencing process for our pending applications.
These government approvals validate our strategy and reaffirm our leading commercial position in the Solomon Islands.” “We look forward to developing this transformational project for shareholders, landowners, for the Solomon Islands, and to the mutual benefits that will derive from our responsible mining of these projects.”