This is from the April production update released 04 May.
"In addition, the company has recently reviewed its manning levels required for ongoing operations at Wiluna following the completion of mining in the East Pit open cut and completion of the ramp up to steady state operations. As a consequence of this review, the operating workforce at Wiluna has been reduced by approximately 30 personnel (or approximately 10% of the operating workforce) comprising Apex employees and contract personnel."
It is possible AXM are replacing contracted operations with permanent staff in a further attempt to reduce costs. The labour market is very different now than when Wiluna was commissioned. It should be possible to negotiate better value through individual staff rather than through a large contractor who has long standing agreements with their staff.
AXM Price at posting:
13.4¢ Sentiment: LT Buy Disclosure: Held