Axiom says the ruling in the Solomon Islands High Court could lead to the nickel deposit, spanning the islands of San Jorge and Santa Isabel, finally being developed within two years, just as nickel prices soar due to an ore export ban by major supplier Indonesia in January.
Axiom, with a market value of just A$55 million (48.82 million U.S. dollars), will aim initially to ship unprocessed ore within two years to Chinese buyers to make nickel pig iron.
It was end 2015 before court case finished.
AVQ Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
