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AXIOM MINING LIMITED
ANNUAL REPORT 2015
COMPANY FINANCIAL REPORT
Independent auditor’s report
continued
To the members of Axiom Mining Limited
(Incorporated in Hong Kong with limited liability)
Opinion
In our opinion, the financial statements give a true and fair view of financial position of the Company
as at 30 September 2015, and of its financial performance and cash flows for the year then ended
in accordance with Hong Kong Financial Reporting Standards and have been properly prepared in
compliance with the Hong Kong Companies Ordinance.
Emphasis of matter
Without qualifying our opinion, we draw attention to Note 2 in the financial statements, which
indicate that the Company incurred a net loss of AU$10,390,000 and reported net cash outflow from
operating activities of AU$4,359,000 for the year ended 30 September 2015, and the Company has
convertible notes with an aggregate principal amount of AU$900,000 as at 30 September 2015.
These conditions, along with other matters as set forth in Note 2, indicate the existence of a material
uncertainty that may cast significant doubt about the Company’s ability to continue as a going
concern, and therefore, the Company may be unable to realise its assets and discharge its liabilities
in the normal cause of business and at the amounts stated in the financial statements.
Zenith CPA Limited
Certified Public Accountants
Cheng Po Yuen
Practising Certificate Number: P04887
Hong Kong
12 January 2016