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https://www.marketsandmoney.com.au/why-axiom-mining-ltd-shares-jumped-16-67-today-asxu/2018/09/20/
"Isabel boasts 159 million tonnes of ore, grading 1.25% of nickel. That’s equivalent to 1.908 million tonnes of nickel concentrate — five times the size of Nova. The ore is shallow and merely needs to be dug up with a dozer and shipped. There’s no need for a massive deep-mine construction, saving hundreds of millions of dollars in capital costs.
The bottom line: Isabel is a world-class project and I believe it could prove lucrative for shareholders in the medium to long term. But, the company now needs funds to develop the San Jorge deposit. Axiom Mining is working on a funding facility which should be announced in the coming weeks. If the funding arrangement looks attractive for shareholders, the share price could potentially explode higher."
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- Ann: Mining Lease Granted for Isabel Nickel Project - San Jorge
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