05
2012 Annual Report
As I mentioned earlier, it is reassuring for shareholders
to know that all this was achieved despite the storm
clouds relating to the litigation challenge and the
volatility of global capital markets in 2012. During the
year, we also hired several high quality key personnel
to join our team and manage our exploration programs
in Queensland and Vietnam.
I am confident that the dedication, focus and
motivation of our management team played a key role
in our 2012 achievements. While thoroughly managing
the litigation process in the Solomon Islands and
continuing to build local community relations in the
region, the management team remained focused on
delivering shareholder value through our other major
projects in Queensland and Vietnam. As legal cases can
be costly exercises, we ensured that sufficient capital
was available to allocate to the continued development
of these other projects.
I am pleased with the progress we have made in 2012
and am looking forward to the exciting prospects
in store for Axiom in 2013. The New Year is shaping
up to be a transformational period for the Company
and we expect the associated benefits will accrue
to our shareholders accordingly. On behalf of the
Board, we thank you for your continued support
and I look forward to overseeing your Company’s
developments in 2013.
Axiom’s geologists reviewing an XRF analysis of a sample