Axiom Mining 2015 Annual Report

GROUP FINANCIAL REPORT

Directors’ report

25

He has an extensive background in Australian and international financial markets, as well as corporate advisory. Ryan is also a member of the Australian Institute of Company Directors. Other directorships: – Nil Jeremy Robin Gray (Honours degree in Finance from Melbourne University) Non-Executive Director (age 45) Appointed to the Board on 12 July 2015 Jeremy is an investment professional with 20 years’ experience in global capital markets as a Mining Equity Analyst, Mining Portfolio Manager and Investment Banker. Jeremy’s career in mining investment includes appointments as the Global Head of Basic Materials Equity Research at Standard Chartered Bank Plc, Head of Metals and Mining Research at Morgan Stanley Equity in London, and the Head of Mining Equity Research at Credit Suisse in London. Other directorships: – Chancery Asset Management Pte Ltd Directors’ shareholdings The following table sets out each director’s relevant interest in shares and rights or options in shares of the Company or a related body corporate as at the date of this report:

Your directors present their report on the consolidated entity (referred to herein as the ‘Group’) consisting of Axiom Mining Limited (‘the Company’ or ‘Axiom’) and its controlled entities for the financial year ended 30 September 2015. Directors The following persons were Directors of the Company during the year and to the date of this report: Stephen Ray Williams (LLB, Solicitor of the Supreme Court of NSW and High Court of Australia, and Member of the Australian Institute of Company Directors) Chairman and Non-Executive Director (age 62) Stephen is a corporate lawyer by profession and is an experienced director and chairman of public companies from Initial Public Offering through to maturity. Since his appointment, Stephen has overseen the implementation of best practice in corporate governance and has also ensured that the expertise of the Board has been channelled to the appropriate areas of the business. He has played an integral role overseeing recent business development in Solomon Islands. Other current directorships: – Australian Careers Network Limited – Chairman and Non-Executive Director – Millennium Services Group Limited – Non-Executive Director Former directorships: – Prime Ag Australia Limited – Non-Executive Director – Coffey International Limited – Non-Executive Director and Chairman Ryan Richard Mount Executive Director and Chief Executive Officer (age 36) Ryan joined the Axiom Mining Board as a Director in April 2009. Following his appointment, he led the crucial restructure of the Company—an exercise that saw Axiom gain full control of the Company’s assets, define a clear strategic direction appoint a new Board and management team and a listing on the Australian Securities Exchange (‘ASX’) by December 2009. In mid-2010, Ryan accepted the Board’s offer of the CEO position. Since his appointment, he has been relentless in driving and refining Axiom’s operations, and as a result, key components of the business plan have been achieved. Ryan led the pursuit of the world-class Isabel nickel deposit in Solomon Islands, which included securing title to the deposit in Axiom’s favour after a three-year High Court battle.

AXIOM MINING LIMITED ANNUAL REPORT 2015

Fully paid ordinary shares Number

Share rights Number

Directors

– –

Stephen Ray Williams Ryan Richard Mount

166,666

44,111

Jeremy Robin Gray 47,750 150,000 Except as disclosed in Note 20 to the financial statements, at no time during the year was the Company or any of its subsidiaries a party to any arrangement to enable the Directors of the Company to acquire benefits by means of the acquisition of shares in or debentures of the Company or any other body corporate. Directors’ interests in contracts Except as disclosed in Note 20 to the financial statements, no contracts of significance to which the Company or any of its subsidiaries was a party, and in which Directors of the Company had a material interest, subsisted at the end of the year or at any time during the year.