logo-loader

Axiom Mining in negotiations for funding, offtake for Isabel Nickel Project

Last updated: 06:30 24 Nov 2014 EST, First published: 07:30 24 Nov 2014 EST

solomon_islands_projects_358x266_5473af96a3362

Axiom Mining (ASX:AVQ) has revealed it is negotiations with debt and equity financiers and project level joint venture partners to fund the development of the Isabel Nickel Project in the Solomon Islands.

The discussions are regarding funding and equity at both the asset and group level.

As well negotiations are occurring with nickel industry participants and mining services providers over mine development and operation, processing of ore and offtake agreements.

Discussions are underway with debt and equity financiers and project level joint venture partners regarding funding and equity partnership at both the asset and group level.

Axiom is working toward funding and establishing strategic relationships to expedite the development of the Isabel Nickel Project.

Axiom’s title to the Isabel nickel deposit was recently upheld by the High Court of the Solomon Islands.

Drilling is underway and evaluation with the aim of moving to production within the next 12–18 months.

The Company is in the process of appointing a defence adviser to ensure that interests of existing shareholders are protected.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

4 hours, 42 minutes ago