Axiom Mining (ASX:AVQ) has taken another step forward on its Isabel Nickel Project with the appointment of Neil Jansen as the general manager project development.
Jansen has held managerial leadership roles for BHP Billiton (ASX:BHP) on the Olympic Dam and Cannington projects.
Ryan Mount, CEO, commented: “Axiom is on a fast track to establish a direct shipping of ore operation for the Isabel Nickel Project within 12 to 18 months, and experienced leadership on the ground is essential to achieving this goal.”
Last week the company recommenced exploration at the project at Isabel, which is located in the Solomon Islands, after the country’s Court of Appeal ruled in its favour to set aside the interim injunction instigated by Sumitomo on 30 September.
The Court of Appeal also made clear that this decision is intended to prevent Sumitomo from applying for further injunctions against Axiom over its exploration rights on the deposit, regardless of whether Sumitomo lodges an appeal.
The project is 80% owned by Axiom KB, where KB stands for Kolosori and Bungusule being the two original customary landowning tribes, who collectively own the remaining 20% interest.
The Kolosori tenement covers 49 square kilometres on Isabel Island and is covered by Axiom’s leasehold and prospecting licence.
It has historic and non-JORC resources estimated at 159 million tonnes at 1.045% nickel and 0.07% cobalt.
Low cost open pit mining can very quickly generate a direct shipping ore that significantly reduces both operating cash cost and capital cost for plant, power requirements and infrastructure.
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