"The lease covers 45sq km of Santa Isabel Island in an area known as Takata. This area was previously under the customary ownership of the Kolosori people, with whom Axiom has an exclusive partnership.
Approximately 60% of the stated 159Mt @ 1.045% Ni & 0.07% Co (non-JORC) resource lies within Takata. The area has a wide water frontage which includes a significant amount of the deep water harbour.
The Kolosori Landowner Trustees were recently granted the Perpetual Estate title after successfully proceeding through the land registration process. A lease in the favour of Axiom KB Limited was then granted over the Perpetual Estate."
