Surely that is a question that a lot of new holders will be asking,
The Answer is quiet simple,
ITS ALL ABOUT ISABEL
The Asset is as shown below, and has been sitting for years until now, historical drilling have a indicated resource that can not be refered to as it is not Jorc compliant as the Jorc code was not out back when drilling and cant be used for referene.
Axiom went through the process of identifying and registering the True landowners in a excersice that dates back to 1997, after identifying they then registered the landowners over the tenements, the landowners were granted a perpetual estate which we now see can not be challenged. It is after years and years Axiom who had been and continually is working with landowners approached the landowners to form Axiom KB the KB standing for Kolorsori and Bungsule tribe's, Axiom KB then signed a 50yr lease over the Tenement.
Axiom KB would seek to access and mine Isabel and aquired a LOI ( Letter o Intent) and within a few months recieved a prospecting license. The problem here was SMM has a LOI that was cancelled over the tenenement that axiom aquired and they didnt want to let go. SMM had already exceeded the maximum allowable tenements (Land banking) and had no intention on dealing with landowers, This was stark contrast to Axiom KB, Axiom KB was to share 20% with the landowners. SMM went to the courts that the LOI they had was still valid and tried to prove some "irregularities" took place when prospecting license was awarded to Axiom.
Axiom was then slapped with a injunction from all works on the asset.
The local court judge ruled in SMM favour,..... for reasons i wont say on here.... but those familiar in the case know what i am talking about, i will say that firstly this judges decisions have been all overturned and that this judge is no longer employed.
Thus the long and painful legal process to take us to where we are.... so much has happend in between that i can write for hours but im trying to fast forward as quick as i can.
after 3 years in the high court all claims have been dismissed.
Regardless of the SP the mechanics for this company are now well and truly in motion, and as picked up by patrolly, i did quiz RM on $$$$ and JV/Off take partners..... These guys were there 3 years ago waiting, with the current Nickel demand and the indonesian export ban still in place this asset have become even more valuable.
Options of a DSO operation and/ processing either HPAL or others are all close and need to be considered,
Personally i would like to see the nickel processed instead of a DSO option, but we shall see.
as you can see below..... the smelters or not far aware at all... and with deep ocean within 8km of the mine, it would take much to get it there. SMM can process our nickel....thats the closest they will get to it.
S
We all expected SMM to
TRYto appeal but when you have a high court judge listen to all their crap and lies and their corrupt ways exposed in court, i dont see what leg they will have to stand on. Further and importantly.....life goes on as normal for AxiomKB, including mining IF there is a appeal.
The SP will take care of itself when the right goals are kicked, volume more important atm.
When we know a compensation figure, drilling program and grades market will catch up.
Every hurdle has been now removed and Ryan Mount and Co can go out there and do what they have wanted to do for years.
So much more i have missed some of the regulars can help fill in the gaps.
Short term expected ann are:
Compensation agreement figure.
Assayed results on West Guada (Gold)
Drilling on Isabel
i would expect all 3 within the next 2 weeks
