Axiom Mining 2015 Annual Report

West Guadalcanal Project

Tenements:

West Guadalcanal (PL 0114)

Ownership:

100%

Location:

West of Guadalcanal Island

Area:

485km

The tenement is adjacent to known gold-silver (Au-Ag)

deposits, including the Gold Ridge Mine and boasts

potential for epithermal Au and porphyry Cu-Au style

deposits. The exploration targets of Taho, Polo and Mt

Tanjili lie within a 10km long carbonate base metal gold

epithermal corridor.

Axiom gained a Prospecting Licence in January 2014,

and an application for renewal is underway.

In late 2014, Axiom commenced a 2500m initial

drill program at Taho. Mineral assemblages indicate

the deposit is part of a carbonate base metal low

sulphidation epithermal system—minerals include

rhodochrosite, ankerite, siderite, pyrite, galena,

sphalerite and various silver-based sulphides

(similar to Porgera, Papua New Guinea).

By mid-2015, Axiom completed a technical review

to assess the further potential at Taho prospect

and along the 14km Hoilava River mineralised area.

Drilling highlights included:

–

7.7m @ 1.05 g/t Au and 13.87 g/t Ag from 19.6m

–

7.0m @ 0.69 g/t Au and 28.43 g/t Ag from 32.0m

–

13.5m @ 0.52 g/t Au and 6.52 g/t Ag from 56.0m

While Axiom’s focus in 2015 has been on the Isabel

Nickel Project, we will utilise this technical review to

focus the next phase of work in the West Guadalcanal

tenement at the appropriate time.

Operations

AXIOM MINING LIMITED

ANNUAL REPORT 2015