2012
SOLOMON ISLANDS
›
›
Success at the Court of
Appeal with a ruling
passed to set aside
adverse rulings against
AxiomKB Ltd
›
›
Two new tenements
secured – Itina
and Arosi
›
›
Early exploration at
Itina and Arosi projects
identified favourable
geology
›
›
Strong progress
with community
outreach strategy
– Axiom continues
to strengthen local
relationships and gain
further acceptance
from landowners, local
businesses and the
local community
VIETNAM
›
›
Encouraging results
received from
exploration program:
–
–
Sampling on Me Xi
prospect revealed
highest gold grades
encountered to date
– 82.6 g/t Au
–
–
Trenching
completed over
the Me Xi and Khe
Fia prospects
–
–
Diamond drilling
– two holes
intersected gold
mineralisation
–
–
Rock chip sampling
on Xa Loi returned
high grade gold
results of up to
16.2 g/t
›
›
Appointment of
highly experienced
Exploration Manager
with proven track
record for gold
exploration and
discovery in Vietnam
QUEENSLAND
›
›
Significant intersections
intercepted at
Cardross – results
confirmed potential
continuity of Cu-Au
mineralisation over
strike length of 1,600m
at shallow depths
›
›
Continuous high-grade
intersections from RC
and Diamond drilling
programs confirmed
massive sulphide
mineralisation
›
›
JV partner completed
shallow drill program
– significant Cu-Au
results encountered
within the oxide
mineralisation zone
overlying the massive
sulphide zones at the
Cardross ML
›
›
Appointment of
highly experienced
Exploration Manager for
Australian operations
›
›
Application lodged
for consolidation
of all exploration
permits in Chillagoe,
providing extended
sites for future mining
infrastructure.
Exploration successes and portfolio
expansion setting the platform for
imminent business transformation.
2012 Annual Report
03