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
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