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AXIOM MINING LIMITED
ANNUAL REPORT 2015
25
GROUP FINANCIAL REPORT
Directors’ 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.
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:
Directors
Fully paid
ordinary
shares
Number
Share rights
Number
Stephen Ray Williams
166,666
–
Ryan Richard Mount
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.