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It was another significant
year for Axiom as we forged
ahead with development of
and planning for the Isabel
Nickel Project in Solomon
Islands. While the price
for nickel metal, like other
commodities, is subdued at
the present, Axiom is well-
positioned to be a significant
nickel producer in the
Pacific region and profitably
meet current demand, as
well as benefit when the
market turns.
Even as we continue with our strategic
review of other tenements in our portfolio
and await judgement from the Solomon
Islands High Court of Appeal, our focus
remains on the Isabel Nickel Project as it
continues to present the best opportunity
for Axiom and its shareholders.
The first shipment of ore for our offtake
partner Gunvor will be the first of many
milestones in 2016, and I look forward
to Axiom obtaining a Mining Lease,
commencing commercial production,
continuing to upgrade the JORC Mineral
Resource and generating positive
operating cash flow.
Our respectful and culturally attuned
approach to all our operations has set us
apart from industry peers and during the
year we continued to invest in the local
communities and relationships in Solomon
Islands as we work towards establishing
sustainable mining development in
this region.
Our genuine commitment to Solomon
Islands includes providing opportunities for
capacity building in the communities where
we operate, which has helped us lay the
foundations for a long-term presence.
During the year we announced the
appointment of a new Non-Executive
Board member and three new executives
to strengthen our commercial and technical
capabilities as we continue to prepare
to make the transition from explorer
to producer.
We welcomed Jeremy Gray as a Non-
Executive Director, Juan Jeffery as the
Executive General Manager of Mining
Operations, Dr Phillip Tagini as the General
Manager of Sustainable Development, and
Paul Frederiks as Company Secretary.
After five years at the helm, I recently made
the decision to retire from the Board. One
of my proudest moments was when the
High Court upheld our claims to the Isabel
Nickel Project after a four-year legal stoush.
While still not entirely unencumbered by
litigation, Axiom is well into the next phase
in its evolution and it is time for a new
Chairman to take the reins.
I would like to take this opportunity to thank
our shareholders and other key stakeholders,
especially those in Solomon Islands, for your
support during my tenure. I will be eagerly
watching for further achievements of the
company in 2016 and beyond.
Chairman’s review
Stephen Williams
Chairman
AXIOM MINING LIMITED
ANNUAL REPORT 2015
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