Axiom Interactive Annual Report 2017

GROUP FINANCIAL REPORT CEO’s Report RYAN MOUNT WE REMAIN POISED TO RAPIDLY ADVANCE THE DEVELOPMENT OF THE ISABEL NICKEL PROJECT WHEN GOVERNMENT PERMISSION IS GRANTED. The past year was definitely not without its challenges. Despite this we have stayed true to our core values. We have not wavered from our objective of delivering a world-class mine – the Isabel Nickel Project – and we have advanced our interests in a number of areas. We remain poised to rapidly advance the development of the Isabel Nickel Project when government permission is granted. ISABEL NICKEL PROJECT We have two key applications awaiting a decision from the Solomon Islands Government: a prospecting licence application for Kolosori and a mining lease application for the San Jorge tenement. Together, these areas make up the Isabel Nickel Project. In maintaining and furthering our position, we engaged with government at all levels; provided answers to their questions; outlined our national strategy, and, importantly, explained how Axiom’s development of this world-class project will hugely benefit the Solomon Islands. Upon full production, the project is expected to be the single biggest component of the nation’s economy. This will dramatically lift the living standards of stakeholders involved in the project as well as the citizens of the country. It will create a banner for the international investment community stating loud and clear that the Solomon Islands is now open for business. Discussions and negotiations with the Solomon Islands Government continue. In 2018, the scene is set for a decision on our licences. Our long-time adversary, Sumitomo, announced its withdrawal from the Solomon Islands, and a new Prime Minister and Cabinet were appointed in November 2017. The impact of these two developments on our future progress should not be under-estimated. We have every confidence that Prime Minister Hou’s new government will bring stability and growth to sustainable mining in the Solomon Islands. On the San Jorge tenement we carried out a successful drill program, completed environmental studies, pushed through a range of pre-development site works and submitted our mining lease application. This work has all been conducted to a high standard, maintaining a superb safety record. AXIOM MINING LIMITED ANNUAL REPORT 2017 6

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