Axiom Interactive Annual Report 2017

KOLOSORI (UNDER APPLICATION) The significant pre-development work undertaken by Axiom prior to the Solomon Islands Court of Appeal decision in March 2016 holds the company in good stead to advance the development program on award of the licence. IN 2015, AXIOM DRILLED OVER 1,000 HOLES COVERING 13,000 METRES AND PRODUCED THE FIRST EVER JORC RESOURCE ESTIMATE FOR THE KOLOSORI DEPOSIT. LATER IN 2015 THE COMPANY UPGRADED THE RESOURCE, DEFINING THE FIRST FIVE YEARS OF PRODUCTION. AXIOM ALSO ESTABLISHED INITIAL INFRASTRUCTURE INCLUDING A MINING CAMP AND AN ORE LOADING FACILITY FOR MARINE TRANSPORTATION. This work was conducted when Axiom held the prospecting licence and refers to the announcements to the ASX in September and December 2015. Following a ruling delivered by the Solomon Islands Court of Appeal in March 2016, Axiom now no longer holds the prospecting licence and as such has re-applied for the prospecting licence. AXIOM MINING LIMITED ANNUAL REPORT 2017 12 OPERATIONS