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Exceed010

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16/08/16

22:30

Post #: 18533641
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Originally posted by rusty02 ↑

"Under ASX Listing Rules, Axiom is not allowed to publish the PFS details without having possession of the Kolosori tenement or presenting the historical data on the San Jorge deposit until further studies are completed to upgrade the classification."
Regardless;
This dose NOT state that the data is incorrect.
A big tick to management for providing Sher's with some transparency on the feasiblities of both deposits.
Further classification on the San Jorge lease will/should see the Inco 1.1% Ni be upgraded to similar 1.6% Ni at Kolosori for a 5 year production stage 1. Blind Freddie can see the mineralisation on the aerials to be larger than the boutique deposits on Kolosori.
Good common denominator for improvements in both deposit upgrades once current drill results are in for San Jorge and further definition at Kolosori when the Pl is granted back to Axiom.
Market has over reacted in my book. To me this data provided by management cements an economical, sustainable and productive operation.
Thank you management.
Update on San Jorge Exploration schedule would be awesome.
cheers

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Hi Rusty, the San Jorge deposit is thought to have slightly higher grades then Kolosori. So Axiom can go on and firm up the INCO data with a upgraded classification while they wait for the SIG to run their re-application process.

AVQ Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
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