Axiom Mining to Reapply for Kolosori Tenement Prospecting License

- April 1st, 2016

Axiom Mining Ltd. (ASX:AVQ) announced that it’s in discussions about reapplying for the prospecting license for the Kolosori tenement with key stakeholders in the Solomon Islands. A Solomon Islands court recently revoked Axiom’s license for the Isabel nickel project.

Axiom Mining Ltd. (ASX:AVQ) announced that it’s in discussions about reapplying for the prospecting license for the Kolosori tenement with key stakeholders in the Solomon Islands. A Solomon Islands court recently revoked Axiom’s license for the Isabel nickel project.
Highlights are as follows:

  • Operations commenced on San Jorge tenement, part of the world class Isabel Nickel Project
  • Re-application of the project’s Kolosori tenement underway
  • Strategic partners confirm commitment to long term development of Isabel Nickel Project:
    • Gunvor confirms off-take and ore prepayment agreement in place
    • InCoR Holdings Plc has converted $5 million of its Convertible Note to equity
    • Anitua collaborating with Axiom on development of San Jorge tenement
  • Funding of $5 million through private placement to progress Isabel Nickel Project.

Ryan Mount, CEO of Axiom, commented:

I’m pleased that they have decided to continue to stand with us—they know that Axiom lives by our values of Build, Share, Protect, which are based on principles of inclusion and respect.
Axiom will continue to honour our commitment to the landowners via our joint venture company Axiom KB.
We have every reason to believe the Government will consider our application favourably, as Axiom’s achievements on Isabel to date speak for themselves.

Click here to read the full Axiom Mining Ltd. (ASX:AVQ) press release.

 

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