Axiom Mining is in discussions with third parties regarding potential involvement in the Isabel Nickel Project. Discussions are being carried out with debt and equity financiers and project level joint venture partners regarding funding and equity partnership at both the asset and group level.
Concurrently, negotiations are occurring with nickel industry participants and mining services providers over mine development and operation, processing of ore and offtake agreements.
Axiom is working to provide funding and strategic relationships to facilitate and expedite the development of the Isabel project.
The company’s title to the Isabel nickel deposit was recently upheld by the High Court of the Solomon Islands and Axiom is now undertaking drilling and evaluation with the aim of moving to production within the next 12 to 18 months. An appeal to the court decision has been lodged and will be heard by a panel of Commonwealth judges in early 2015.
Axiom is in the process of appointing a defence adviser to ensure that the interests of existing shareholders are protected.