avq timeline ann of isabel news

No doubt that with the close of the week this stock is/will appear on a lot of Radars, further to that if the volume continues and the chatter grows more and more people will want to know what Axiom is all about w
And what the big deal is.....
I'm hoping this post can simplify a complex situation for holders and newbies.

The current matter at hand goes back to 2007 and beyond when Axiom first started engaging locals in the SI to identify and register the true landowners on Isabel in the Soloman Islands, in 2010 axiom signed a agreement with the customary landowners,
Below are some dates and some quick posts from ASX Ann over the time

20th October 2010

Exclusive agreement in Solomon Islands for a world class nickel deposit

? Axiom has signed an exclusive option agreement with the customary land owners of the Isabel Nickel Deposit (the Project).

? The exclusive option is for an 80% interest with the customary landowners in the Project.

? The customary landowner groups, Kolosori and Bemusule Trustees, will work with Axiom to provide full support and access to the Project subject to the granting of a Prospecting Licence.

? Historical resources of 159 MT @ 1% Nickel and 0.07% Cobalt.

Axiom signed an exclusive option agreement to acquire an 80% interest over the Isabel Nickel Deposit project on 15 October 2010 in Honiara. The trustees of the Kolosori and Bemusule people (Trustees) are the customary landowners of the Isabel and San Jorge islands in the Solomon Islands where the deposits are located.

Under the agreement, Axiom has three years to exercise a right over an 80% interest with the customary landowners in the Project subject to certain milestones being achieved. These milestones include the issue of a Prospecting Licence by the Minister under the Mines and Minerals Act in the Solomon Islands. The customary landowners will retain a 20% interest for the life of the Project.

Axiom has had a relationship with the Kolosori and Bemusule people for some years but did not have a commercial agreement in place to the satisfaction of the current Board. Following the company's restructure earlier this year, Axiom was invited to meet with the Trustees to negotiate a mutually acceptable proposal that would see Axiom and the Trustees work towards developing this world class nickel and co


15/02/2011 annual report to holders
axiom-mining.com 9

The Isabel laterite nickel deposits are located on Santa Isabel and San Jorge Islands in the Solomon Islands. These typical tropical nickel and cobalt laterite deposits were first explored and defined by International Nickel Company Limited (INCO) from 1957 until 1975.

INCO outlined two deposits, reporting conservative reserves with less than 30% Iron (Fe) of 13.5 Mt with weighted average grades of 1.39% nickel (Ni), 0.058% Cobalt (Co) and 27.3% Fe.

The extensive work performed by INCO included grid based sample as follows:

Pitting 4409 Gemco power auger 1484 Hand auger 394 Banks drill 121 Wankie diamond core 43

In addition to this work, detailed INCO archival records show feasibility studies and bulk sampling was also undertaken with an intention to proceed to mine development. Mining did not proceed as customary landowner access and title matters could not be successfully resolved.

Between 1993 and 1995 Kaiser Engineering (now Hatch Limited) undertook a validation program, excavating 34 pits to compare analytical results with 43 INCO pits. Kaiser classified the laterite deposits into high Fe

Limonite and low Fe Saprolite separated by a narrow transition zone up to a metre thick. They also reported that less than 10% of the deposits had any overburden cover at Ni equivalent grades of 0.9% nickel equivalent (NiE) and that a reduction of NiE from 1.4% to 1.25% increased resources threefold. In conclusion, the deposits had a combined resource of approximately 159 Mt containing 1.045% Ni, 0.088% Co and +40% Fe as per 1995 AusIMM reserve/resource guidelines.

This resource calculation was considered conservative as the total thickness of the Saprolite zone of the deposit had not been sampled due to limitations of the equipment used and large areas of Limonite were not sampled at all as access was not possible for either INCO or Kaiser. Kaiser pits averaged 5.2 m in depth and they commented “most of the pits failed to penetrate the entire laterite profile…” and “any future work will require a larger excavator and other equipment”. It is important that the full thickness of the Saprolite is tested as this zone contains the highest concentrations of Ni in tropical laterite deposits
......

I specifically like that last paragraph as it indicates the true extent of the resource....

28/2/2011...
Axiom secure 50yr lease over Isabel.

AXIOM SECURES A STRATEGIC LEASEHOLD OVER LAND ENCOMPASSING WORLD-CLASS ISABEL NICKEL DEPOSIT

• Axiom Mining secures a 50-year lease over land encompassing the majority of the Isabel nickel and cobalt deposit.

• Axiom's strategic alliance with the customary landowners is strengthened through a new joint venture company called Axiom KB Limited.

• Historical resources of 159mt @ 1.045% nickel and 0.07% cobalt.

On 24 February 2011 Axiom Mining Limited (‘Axiom' or ‘the Company') secured an 80% interest with a signed and registered 50 year lease over 45 sq.km of the title to land of the Kolosori Landowner Trustees encompassing the majority of the Isabel Nickel and Cobalt Laterite deposits in the Solomon Islands (‘the Isabel Deposits').

The Company achieved this by strengthening its relationships with the customary landowners of the Isabel Deposits. This has resulted in the incorporation of Axiom KB Limited in the Solomon Islands, which is 80% owned by Axiom and 20% jointly owned by the Kolosori and Bungusule Landowner Trustee groups.

The 50-year lease was registered last week by the Register of Titles at the Honiara Land Registry in the Solomon Islands in the name of Axiom KB Limited after the Kolosori Landowner Trustees secured the registration of a title to a Perpetual Estate of land which includes the Isabel deposits. Axiom's agreement with the Bungusule Landowner Trustees is to achieve a similar outcome for the San Jorge nickel and cobalt resources.

With land access now secured, Axiom KB Limited will begin the process of applying for a prospecting licence in accordance with the Mines and Minerals Act of the Solomon Islands.

Axiom's Chief Executive Officer Ryan Mount said: “This lease has opened the way for Axiom to overcome the historic impediment as to why this world class deposit has never been developed – land access. Together with the traditional landowners, Axiom is now in an excellent position to plan and develop the Isabel Deposits into one of the largest nickel mines in the world.”

He added: “This outcome could not have been achieved without the assistance and close working relationship we have developed with our traditional landowner partners. Axiom is looking forward to bringing the whole project to fruition to our mutual benefits and particularly the people of the Solomon Islands.”


21st April 2011.....


21 April 2011

ASX/ Media Release

PROSPECTING LICENCE GRANTED OVER ISABEL NICKEL AND COBALT DEPOSIT

Axiom is pleased to announce that its Solomon Islands joint venture company with the traditional landowners Axiom KB Limited (“Axiom KB” or “the company”) has been granted a Prospecting Licence over the Takata land in Isabel Province which was issued by the Minister on 15 April 2011 under the Mine and Minerals Act of the Solomon Islands.

On 12 April 2011 Axiom KB was granted a Letter of Intent by the Minister on the recommendation of the Mineral Board signifying the Minister's intention to issue Axiom KB a Prospecting Licence over tenements on south San Jorge and Takata in Isabel Province identified in the company's Prospecting Application subject to the company acquiring Surface Access Agreements with the landowners.

On 15 April 2011 Axiom KB lodged the Surface Access Agreement over the Takata land which comprises the majority of the Isabel nickel and cobalt deposit located in the Solomon Islands.

Having been issued with a Letter of Intent over the remainder of the Isabel nickel and cobalt deposit in respect of the south San Jorge island tenement, Axiom KB is currently completing arrangements for the Surface Access Agreement in respect of that land. Under the letter of Intent, Axiom KB is given an exclusive right for 12 months to secure surface access agreement with the Bungusule landowners.

Axiom KB, along with its commercial partners, will now be completing preparations for the commencement of an extensive exploration program which will be based on verifying previous work completed by world leading mining companies. This program will also form the basis of feasibility studies that will be initially focused on rapid development of a mine.

In Honiara, Solomon Islands, Axiom Mining and Axiom KB CEO Ryan Mount said “This is a monumental achievement for the traditional landowners and Axiom. After 30 years the landowners have finally secured an equity ownership in the development of their land and resources including a share of the eventual profits with the issue of this Licence. Axiom now adds a world class asset to its existing portfolio with a clear path to commercialisation.”

Mr Mount further added “The issue of this Licence delivers a clear message to the international investment community that the Solomon Islands traditional landowners can participate in the commercial benefits of their land holdings. I commend the Government in persevering under much pressure to achieve this positive outcome. This will be a flagship project for the pacific islands having a world class mineral deposit with landowner participation and a commitment to environmental protection.”

“Axiom will now set about completing its planning to ensure that the development will deliver the best environmental and commercial outcomes for the Solomon Islands and intends to work closely with the Solomon Islands Government and the landowners to achieve this result.”

Chairman of Kolosori Landowner Trustees, Elliot Cortez said “We are so happy about this result. For so long we have been held back on the development of our mineral resources because other international companies did not respect our traditional rights. I thank our Government and Axiom Mining for sharing the vision of my people and all the Solomon Islanders.”

Axiom KB Limited Axiom KB Limited is incorporated in the Solomon Islands with Axiom owning 80% and the Kolosori and Bungusule Landowner Trustee groups jointly owning 20%. The Solomon Islands Foreign Investment Board has granted approval to this registration and ownership.

Axiom KB has five directors, with one each from the two landowner groups and three from Axiom that include its Chairman and Chief Executive Officer.

Letter of Intent A Letter of Intent is issued by the Minister when the Mineral Board is of the opinion that an application for a Prospecting Licence is acceptable. A Letter of Intent may be issued for a period of up to 12 months and provides an opportunity to the applicant to obtain Surface Access Rights by agreement with the landowners.

Prospecting Licence A Prospecting Licence is issued by the Minister once Surface Access Rights have been obtained by agreement with the landowners. It provides an exclusive right to explore for minerals over a specified area of land for a period not exceeding 3 years with a right of renewal for a further 2 years. At any time during the Prospecting Licence period, the applicant on delineation of a commercial mineral deposit may apply for a Mining Licence.


Soooooo..... To date everything is perfect and we were all planning our retirement.....then the drama began


27th march 2011

Axiom refutes allegations of irregularity with the issue of the Isabel Prospecting Licence

Axiom confirms that it is aware of a Press Statement which purports to have been issued by the Office of the Prime Minister and Cabinet of the Solomon Islands that alleges some irregularity in the issue of the Letter of Intent and the subsequent grant of the Prospecting Licence to Axiom KB Limited (Axiom KB). The statement is inaccurate, misleading and fails to state that Axiom KB is a joint venture company between Axiom Mining Limited and the Kolosori and Bungusule Landowner Trustees. The Kolosori Landowner Trustees have a registered Perpetual Estate over the Isabel land.

Axiom denies the statements which allege any irregularity with the issue of the Letter of intent and the Isabel Prospecting Licence as the Axiom is supported by the Landowner Trustees unlike any of the claims of its competitors. The Letter of Intent and Prospecting Licence have been issued in accordance with the provisions of the Mines and Minerals Act of the Solomon Islands, are valid and subsisting and will be strongly protected by Axiom and Axiom KB.


12 July 2011

DRILLING TO COMMENCE ON ISABEL DEPOSIT

? Axiom KB has purchased one drill rig and will commence a drilling campaign this

week

? An additional two contract drill rigs will be engaged and operational in August

? The drilling will facilitate a scoping study of the Isabel Nickel Deposit

? Axiom Mining Limited own 80% of Axiom KB Limited

Axiom KB have purchased and are currently mobilising a diamond drill rig to the Isabel

Nickel Cobalt (Ni–Co) deposit to assess the continuity of the Ni-Co mineralisation contained

within the Kolosori land in the Solomon Islands.

Negotiations are underway with drilling companies to supply two additional rigs to

complement the Axiom rig to drill 7,000m of diamond drilling before the end of the year.

Axiom will commence drilling this week on Isabel with the arrival of the first drill rig

personnel.

By the end of August it is expected that three diamond drill rigs will be infill drilling and

completing sterilisation work to facilitate a Resource Study. This will provide input to a

Scoping Study leading to a comprehensive Pre-Feasibility Study currently scheduled to start

January 2012.

Axiom KB has established an office in Honiara employing both locals and expatriate

workers, including geologists, surveyors, engineers, an environmental monitoring officer and

an extensive dedicated social team.

The Isabel preliminary drill camp is currently being established and equipped with

construction plans for a larger more permanent employee camp and mooring facilities

underway.


19th Aug 2011

SOLOMON ISLANDS HIGH COURT

ISABEL NICKEL UPDATE

? Adjourned for hearing until 14 September on Axiom KB's application

? Undertakings given by Axiom KB to be continued until hearing determined

? SMM / Sumitomo tender letters and sworn documents by two of its joint

claimants confirming withdrawal of their support for SMM / Sumitomo and

pledging their support for Axiom KB

? Axiom remains confident of a successful outcome for Axiom KB in proceedings

Very interesting that Ann..... Even I overlooked that one.... Two previous "landowners" had withdrawn their support to SMM and had joined Axiom in the past...

20th September 2011

Interim Ruling on High Court Challenge in

Solomon Islands

? Judge rules for the SMM case to go to trial with an interim injunction in place

preserving status quo

? Sumitomo has given an undertaking to Axiom KB and Solomon Islands

Government as to damages

? Axiom KB to appeal the interim ruling

? Axiom KB to seek expedited hearing of the appeal and/or trial

? Axiom remains confident of a successful outcome

On 16 th September the High Court of the Solomon Islands made interim rulings in the civil case of

SMM Solomon Limited (Sumitomo) v Solomon Islands Government, Axiom KB Limited (Axiom KB

or the Company), and the registered land owners of Kolosori, Santa Isabel Island in respect of the

applications for interim injunctions.

The Court ordered an interim injunction preventing Axiom KB from carrying out exploration

activities under its existing Prospecting Licence pending a final hearing on the issues in the case.

The ruling prevents Axiom KB from completing the execution of the Company?s valid letter of intent

for the grant of a Prospecting Licence over Bungusule, San Jorge Island.

Axiom will appeal the ruling and expects the matter to be heard in November 2011 by the Court of

Appeal that comprises of three international judges, chaired by Sir Robyn Auld, a respected

English appeal judge.


27th Febuary

Solomon Islands Court of Appeal Update

On 23 November 2011, Axiom Mining Limited's joint venture subsidiary, Axiom KB Limited

(Axiom KB), appeared in the Court of Appeal over the ruling on the interim injunction in the

judicial review of SMM Solomon Limited (Sumitomo) v Solomon Islands Government, the

registered landowners of Kolosori and Axiom KB.

The Solomon Islands Court of Appeal has dismissed the Appeal, ruling that the interim

injunction stays in place during the judicial review process. The basis for the dismissal is

that Sumitomo's undertaking to damages is an adequate remedy and that there are issues

to be tried.

The judgement also recommended that the case should proceed to Preliminary Questions

for determination as soon as possible. The Solomon Islands High Court has set five

consecutive days from 22 March 2012 for the proceedings.

The five days for Preliminary Questions will give Axiom KB sufficient time to present the

facts and evidence relating to its Prospecting Licence and Leasehold of which it has always

been in possession. Axiom KB continues to receive steadfast support from the Kolosori and

Bungusule customary landowners.

14th March 2012

Axiom Mining Limited (“Axiom” or “the Company”) is pleased to announce the execution of a

funding agreement with Bergen Global Opportunity Fund, LP (“Bergen”), a New York

institutional investor managed by Bergen Asset Management, LLC (“Bergen Asset

Management”). This investment will underwrite Axiom's operations including funding litigation

and exploration in Solomon Islands as well as advancing exploration in Vietnam and North

Queensland.

The EVILLLLLL Bergen..... With SMM almost sending us broke, it was the evil we had to have....and didn't holders feel it... All long term holders know what we went through, and many other holders can relate to what happens when Bergen buys into a co


14th June 2012
The area in Makira Province covers 218 sqkm in one of the world's most prolific gold producing regions

? Letter of Intent issued and Surface Access Agreement executed and lodged

? Prospecting Licence anticipated to be granted shortly

Axiom Mining Limited, through its wholly owned subsidiary, South Pacific Minerals Limited

(“Axiom” or “the Company”) advises that it has satisfied the terms of a Letter of Intent granted

by the Solomon Islands Government for a Prospecting Licence on San Cristobal Island,

Makira Province in Solomon Islands. The Prospecting Licence to explore for gold and copper

is anticipated to be granted shortly.

Axiom's community affairs team achieved overwhelming support and approval from the Makira

provincial government and relevant landowners. The executed Surface Access Agreement

has been approved by the Attorney General's Office and lodged with the Ministry of Mines,

Energy and Rural Electrification.

The proposed tenement covers an area of 218 sqkm of prospective land on north-west San

Cristobal Island and is subject to local alluvial mining operations. It is located within one of the

world's most prolific gold producing regions. This relatively unexplored gold belt lies within the

Rim of Fire, which stretches from Lihir Island in PNG (Proven Resource 54M oz Au) through

Panguna, Bougainville (once the largest copper-gold deposit in the world) and ends at the

Vatukoula gold deposit in Fiji (Proven Reserve 0.8M oz Au). (1)

Axiom is ready to commence exploration activities which will initially include reconnaissance

work, preliminary interpretation of geology, geological mapping and mineralisation

identification. Further systematic exploration, including geophysics and diamond drilling, will

then take place.

In making this application, Axiom has been able to leverage its already established operations

including its community affairs team, management and will soon utilise its operational and

exploration team as well as equipment.

Axiom remains focussed and confident of delivering on its nickel assets on Santa Isabel Island

but also sees itself in a prime position to capitalise on the rapidly growing resource sector in

the Solomon Islands which has recently encountered a huge level of interest from the

international mining industry.

21st June 2012

Axiom Granted Prospecting Licence in Makira,

Solomon Islands

HIGHLIGHTS

? Prospecting Licence granted over 218 sqkm in Makira Province, Solomon Islands

? The Licence gives Axiom exclusive rights to explore for gold and copper for 3 years

? Axiom's current team in Solomon Islands will commence exploration shortly


25th October 2012


Previous Rulings Against Axiom Set Aside

Axiom Mining Limited (“the Company”) advises that the hearing of the Appeal in the Solomon

Islands Court of Appeal in respect of the rulings against Axiom KB Limited on the Preliminary

Questions in June 2012 by Justice Chetwynd commenced on 23 October 2012 in Honiara.

After preliminary submissions by the Company, the Court formed the view that the

determination of the validity of the international tender for the Isabel Nickel Deposit is a

fundamental issue in the case which could have an adverse impact on other parties in the

proceedings.

As this key issue had not properly arisen under the preliminary questions determined by

Justice Chetwynd, the Court was of the view that it was not appropriate to directly determine

the questions and rulings in respect of the preliminary questions. The Court therefore ordered,

with written reasons to be published in due course, that the answers to the preliminary

questions by Justice Chetwynd be expunged.

The Court also ordered that all issues in dispute should go to trial and the parties agree to an

expedited timetable. In the interim, the terms of the interlocutory injunction remain.

Axiom's CEO, Mr Ryan Mount said “Although we expected a resolution, we are encouraged

that the prior adverse rulings have been set aside. Whilst the preliminary questions were not

directly addressed in this hearing we are also fortified that the Court has ordered for an

expedited determination of the matter.”


28/11/2012

Axiom Mining Terminates Funding Agreement with Bergen

Axiom Mining Limited (“Axiom” or “the Company”) refers to the Share Purchase and

Convertible Security Agreement dated 13 March 2012 (“Funding Agreement”) between the

Company and Bergen Global Opportunity Fund, LP (“Bergen”) announced to the ASX on 14

March 2012.

The funding facility with Bergen from March to July 2012 enabled Axiom to maintain

operational momentum as well as focus on value added items in these times when cash was

at a premium. The Company has recently secured additional funding. Accordingly, the

Company and Bergen have agreed to terminate the Funding Agreement by mutual consent

and release each other from all further obligations under the Funding Agreement. The

Company thanks Bergen for its support to Axiom's development during the course of 2012.


15/2/2013

Axiom Raises $3m and Appoints Additional Director

HIGHLIGHTS

? $3m raised via a Private Placement of shares

? Company fully funded into 2014

? Drake Private Investment LLC moves to 21% shareholding

? Mr Anthony Faillace to be appointed as Non-Executive Director

? Axiom's CEO commits for additional three years

Drake our new saviour hits 21% and counting.,..


4th September 2013

Solomon Islands Court Case to Commence 14 October 2013

HIGHLIGHTS

? Axiom's joint venture with local landowners seeking green light to develop the Isabel Nickel Deposits, one of the Pacific's largest

? Axiom committed to appropriate and transparent development of major Solomon Islands resource within tight deadline on resolution of court action

Axiom Mining Limited (“Axiom”) remains confident of a positive outcome on behalf of shareholders and local landowners in the Solomon Islands High Court legal battle over the world-class Isabel

Nickel Deposits with an eight week hearing to commence 14 October 2013.

Sumitomo Metal Mining Solomon Ltd (“Sumitomo”) launched legal action against the Solomon Islands Government and local landowners in 2007 following the Government's refusal to grant an

extension of the preliminary Letter of Intent (“LOI”) for exploration activities on Isabel given lack of

landowners' support. This action failed.

The Solomon Islands Government issued an International Tender for the Isabel Nickel Deposits, one

of the Pacific's largest, in 2010. Sumitomo then secured LOIs over the three main nickel mineralised

area however, in 2011, the landowners successfully petitioned the Solomon Islands Government to cancel the LOI.

Axiom was invited into the Solomons in 2010 by the two key local landowner groups, the Kolosori

landowners on Santa Isabel Island and the Bungusule landowners on San Jorge Island. A ground-

breaking joint venture, Axiom KB, was formed, based on the World Bank Community Company Model, with each tribe holding 10%. The structure ensures all members of both the Kolosori and the

Bungusule tribes are beneficiaries.

In 2011, Axiom KB secured a 50-year lease over the Kolosori land plus 2 LOIs over those areas where agreement with landowners had been secured. The Kolosori LOI was then converted to a

Prospecting Licence. This Licence then became the focus of renewed legal action from Sumitomo

with their launch of High Court action in July 2011 to halt Axiom's exploration activities. Notably, in October 2012, the Court of Appeal set aside previous rulings which were adverse to Axiom. The 14

October 2013 hearing will deal with those remaining issues in dispute including the validity of the 2010 International Tender.

Axiom is committed to appropriate and transparent local development which ensures local

landowners as well as the wider Solomon Islands' community benefit now and in the years and

decades ahead,” Axiom's CEO Ryan Mount said. “Our approach gives the Kolosori and the Bungusule people an ongoing share and say in the development of the land and a real voice in developing this

important community asset”.

“We remain confident in the validity of our approach and in the significant benefits that the Axiom

approach will delivery to the local landowners and the Solomon Islands nation. Axiom's joint venture with local landowners is keen to proceed with mining within a tight implementation timeline as

forecast. This is a development of major importance to the future economic stability of the

Solomons, as well as the future of the Kolosori and Bungusule people.”



10th September 2013

Claimant Withdraws from the Solomon Islands High Court Proceedings

Axiom Mining Limited advises that it was notifed that an individual claiming to be a landowner of Kolosori land, filed and served a Notice of Discontinuance on 5 September 2013 withdrawing his claim against the Solomon Islands Government, Axiom KB Limited and the registered landowners of Kolosori.





Soooooo the wait is (Hopefully) finally over,
Years have past, axiom have always been confident, the last of the so called landowners left SMM and now also backs Axiom KB...
Personally I read deeper into this Ann as now I can understand why it was not thrown out earlier,
We all know how the landowners have the final say, so they courts would have respected the so called landowner that SMM had, now the final landowner is gone.....

What have they got left???

I say they got nothing.... We will find out shortly.