Axiom 2014 Annual Report - page 7

Within three months of the High Court decision in
September 2014, we mobilised to site, appointed key
project staff and commenced a drill program that has
produced grades higher than previously recorded by
other explorers preceding Axiom.
Our current focus is the drilling and pitting of
select mineralised zones to JORC standards, and
undertaking environmental baseline studies in
preparation for a Mining Lease Application.
I congratulate all my friends in Isabel for their
fortitude, persistence and integrity the past three
years whilst they defended their rights in the
High Court and their subsequent victory. They
were fittingly referenced a number of times in the
final High Court judgment as ‘the Young Turks’ –
Isabel should be proud.
West Guadalcanal Project:
We were granted a
Prospecting Licence for the West Guadalcanal Gold
Project in early 2014, and quickly identified three
prospects within the tenement.
Drilling commenced and still continues now with
initial results assisting in the interpretation of
the mineralisation and has so far validated our
exploration model.
A key focus of our project is ensuring positive
community relations. Not only do we provide
a large number of local jobs, we also enjoy
ongoing, respectful dialogue with landowners and
sponsor a number of local projects and initiatives.
Quang Tri province, Vietnam:
Axiom is still
awaiting clarity on Vietnam’s mining legislation
and consequently we have decided to transition
our Vietnam operations to maintenance mode as
our projects in Solomon Islands promised greater
shareholder return.
Axiom still believes that Vietnam offers many
opportunities, and we have maintained open
communications with key stakeholders to enable
our re-entry when opportunity presents.
In 2014 we concentrated our resources in
Solomon Islands – this proved a successful
strategic decision; winning title to the world
class Isabel nickel deposit and securing
exploration rights to the highly prospective
West Guadalcanal gold project.
2014 Annual Report
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