Ann: Axiom Mining EGM Results , page-2

Chairman’s Address
2012 Extraordinary General Meeting
Ladies and Gentlemen,
Welcome to this Extraordinary General Meeting for Axiom Mining Limited (“Axiom” or “the
Company”) at this most pivotal time for your Company.
The main purpose of this meeting, as you will read in the Notice of Meeting and Explanatory
Memorandum, is to put a series of resolutions to shareholders to approve or ratify placements
and share allotments that have been made since the last Extraordinary General Meeting held
in July this year. Principally, those resolutions are for the ratification of placements to refresh
our ability to raise capital when required for up to 15% of the issued capital in compliance with
Listing Rule 7.4.
As I have previously noted, the nature of our exploration business necessitates that we have
sufficient capital to deliver on our investment strategies. I will update shareholders on those
opportunities briefly this morning.
Update on the Company’s Projects
Our most exciting opportunity remains the Isabel Nickel Project in the Solomon Islands. The
Company’s appeal to the Solomon Islands Court of Appeal has been moved forward a day
and is now set down for hearing next week on 23
rd
and 24
th
October. Our legal Counsels’
advice continues to be that the Company has a strong prospect of success. If this is the case,
we intend to pursue a damages claim which would be of significant value to Axiom.
Also in Solomon Islands, Axiom has commenced preliminary geological work on our
two new tenements, being the Itina project on Guadalcanal and the Arosi project on
Makira. There continues to be significant interest from other major mining companies
to secure licences in the region and I believe Axiom has secured the premium
tenements.
In Vietnam, we recently appointed Mr Le Van Hai as Exploration Manager for the
region. His experience and accomplishments in gold discovery in Vietnam is already
adding value to our operations. Exploration has been carried out with results due to be
released shortly. We continue to make progress towards the grant of a licence in
Quang Binh, although we still do not have a decision.
Finally, in August we announced our joint venture with Solomons Copper Pty Ltd at
the Cardross Project. This has provided us with additional exploration at no cost and
will assist in developing a Resource Estimate which, along with recent drilling results,
is also due in the near term.2
Today
In preparation of the potential commencement of exploration on the Isabel Nickel
Deposit and to continue to capitalise on opportunities, the Company has raised an
additional $1.75m from sophisticated and professional investors. This includes a
further $1m commitment from Drake Private Investments LLC.
Outlook
Our immediate focus is to successfully resolve the litigation in Solomon Islands and
begin the development of this significant nickel deposit in the Pacific. We will continue
to develop our Vietnam strategy and enhance the value of our exciting portfolio of
assets.
Stephen Williams
Chairman
About Axiom Mining Limited
Axiom Mining Limited holds an 80% interest in t