ASX Announcement Company update Highlights  Isabel Nickel...

ASX Announcement
Company update
Highlights
 Isabel Nickel Project development on track to achieve the first shipment of ore by end of quarter 1, 2016
 Court of Appeal decision in relation to the Isabel Nickel Project expected shortly
 Due diligence continues for a AU$10 million finance facility and long-term offtake agreement with Gunvor.
Project update
Planning, design and development continues on the Isabel Nickel Project with a focus on delivery of Axiom Mining’s
(‘Axiom’ or ‘the Company’) first shipment of ore by the end of quarter 1, 2016.
Axiom has delivered an upgrade to the JORC Mineral Resource with the first five years of production now defined.
Recent project activities are listed below:
 Development strategy for life of mine pit completed
 Field component of social impact assessment completed
 Several baseline ecological surveys, soil sampling and environmental fieldwork components (e.g. nursery
operations, construction of road drainage and erosion controls) completed
 Negotiations with key suppliers of marine services, vessels and heavy machinery are completed and they are
on standby to move into production
 Ongoing infrastructure development includes camp upgrade, laboratory, roads, barge ramp and stockpile
areas
 Preliminary work on San Jorge Island includes survey and environmental baseline monitoring.
Solomon Islands Court of Appeal
Axiom KB Limited, its landowner partners and the Solomon Islands Government secured a definitive victory against
SMM Solomon Limited (‘Sumitomo’) in the Solomon Islands High Court in 2014. The subsequent appeal by Sumitomo
was completed in June 2015.
Chief Justice Sir Albert Palmer specifically mentioned that this case is awaiting judgment in his recent opening of the
Solomon Islands law term for 2016.
Whilst no official date for delivery of judgment has been provided by the Court of Appeal, Axiom anticipates judgment
will be delivered in the near future.
ASX Announcement
2 February 2016
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Offtake and ore pre-payment
Axiom is currently completing due diligence processes with global independent trading house Gunvor Singapore Pte
Ltd (‘Gunvor’) for a AU$10 million finance facility and a long-term offtake agreement for production from the Isabel
Nickel Project.
This follows from the initial offtake agreement for 500,000 tonnes of nickel ore and AU$5 million ore pre-payment
facility executed with Gunvor in December 2015.
Upcoming international investment strategy
With renewed international investor interest, Axiom will shortly undertake a European and US investor roadshow to
present the Company’s achievements of 2015 and its plans for 2016..