19 AXIOM MINING LIMITED ANNUAL REPORT 2017 GROUP FINANCIAL REPORT DIRECTORS’ REPORT Your Directors present their report on the consolidated entity (referred to herein as the ‘Group’) consisting of Axiom Mining Limited (‘the Company’ or ‘Axiom’) and its controlled entities for the financial year ended 30 September 2017. DIRECTORS The following persons were Directors of the Company during the year and to the date of this report: Robert Barraket (LLB, Solicitor of the Supreme court of NSW and High Court of Australia) Chairman and Non-Executive Director (age 72) Robert was appointed Chairman of Axiom Mining Limited on 19 February 2016. He has 50 years’ experience in legal practice including the establishment of two successful legal firms. He has been legal advisor to numerous international and Australian mining and mineral exploration companies with interests in Australia and abroad. He was a Senior Founding Partner and Chairman of Barraket Stanton Lawyers in Sydney and retired from the legal practice on the 1 December 2016. Previous directorships: – Mantle Mining Corporation Limited and Morning Star Gold NL (wholly owned subsidiary) – (Former Chairman and Non-Executive Director) Resigned August 2017. Ryan Richard Mount Executive Director and Chief Executive Officer (age 38) Ryan joined Axiom as a Director in April 2009. Following his appointment, he led the crucial restructure of the Company—an exercise that saw Axiom gain full control of the Company’s assets, define a clear strategic direction, appoint a new Board and management team and a listing on the Australian Securities Exchange by December 2009. In 2010, Ryan was also appointed CEO to lead the pursuit of the world-class Isabel nickel deposit in Solomon Islands. He has an extensive background in Australian and international financial markets, as well as corporate advisory. Ryan is also a member of the Australian Institute of Company Directors. Other directorships: – Nil Jeremy Robin Gray (Honours degree in Finance from Melbourne University) Non-Executive Director (age 47) Jeremy is a mining investment professional with 20 years of experience in global capital markets as a Mining Equity Analyst, Mining Portfolio Manager and Investment Banker. Jeremy’s career in mining investment include appointments as the Global Head of Basic Materials Equity Research at Standard Chartered Bank Plc, Head of Metals and Mining Research at Morgan Stanley Equity in London, and the Head of Mining Equity Research at Credit Suisse in London. Jeremy is also currently Managing Partner of Chancery Asset Management. Other directorships: – Orinoco Gold Limited - (Managing Director) – White Rock Minerals Ltd - (Non-Executive Director) Directors’ shareholdings The following table sets out each Director’s relevant interest in shares and rights or options in shares of the Company or a related body corporate as at the date of this report: Directors Fully paid ordinary shares Share rights/ options Robert Barraket Nil 500,000 Ryan Richard Mount 1,985,031 5,231,928 Jeremy Robin Gray 603,306 2,472,224 Directors’ interests Save as disclosed in Note 21(d) and (e) to these consolidated financial statements, at no time during the year was the Company or any of its subsidiaries a party to any arrangement to enable the Company’s directors to acquire benefits by means of the acquisition of shares in or debentures of the Company or any other body corporate, nor were any such rights exercised by them.