Ann: Isabel Nickel Project - licencing update, page-165

I think cool heads will prevail here.

Thanks to DJM for sharing his information from obvious connections in the Islands. The only questions I have on this info is, can you supply any documents stating or showing that the Takata/Kolosori tenement has been divided into two? And/or the MMB have issued a LOI over the Takata/Kolosori tenement, weather it be as a whole or in partial, to any one?

As DJM stated the tenement has been split into two? While I am open to all suggestions, I find it hard to believe that the SIG have undertaken such a lengthy process to re survey the land or more importantly define and gazette the appropriate boundaries for each landowners claim. Then hold consultation(s) with all the LO’s in the above quoted tenement area, to have them approve a move to seperate into two. But like I said I am open to all opinions and suggestions, it’s just seems to be in my humble eyes a record has been broken, or set, by the SIG to be able to move this quickly and competently.

What also seems strange to me is what sort of a company would want a 19km2 tenement? By the time you mobilise assets to site, build the infrastructure, mine and then consider regeneration costs, how viable would this tenement be? Especially when you consider tenement D is 144km2. If you already had assets in that country, well then fair enough imo, but to start from scratch for only that?

And to just retouch back on the whole timeline thing, how long would it take for a new entity to collate and submit a ESI? Would LOs from Kolosori be interested in the opportunity to start mining soon with Axiom, or are they willing to add more time on top of their already exhausting amount of time they have waited to restart the whole process? Surly they see their neighbours and mining partners mining across the bay.

I (against my wishes) understand and know a lot about Torrens title. I know for a fact that the LO or LOs at anytime have the right to final veto any application(s) and/or license(s) the government has issued that pertains to their land. So the obvious question remains, why didn’t the LOs just final veto or stop Axioms application? They’ve had the power to do such a thing at any time.

Something doesn’t add up here, and that’s probably why as Axiom announced, they have requested an explanation from the mmb over their decision on making our application for the PL at Kolosori unsuccessful.

My interpretation is the offtakes for the capex at SJ will make the SP climb, but the first shipment from SJ will be the big one. Obviously it would be great to
have, but if we don’t have Kolosori it won’t be the end of us. Actually far from it, cause we go from an exploration company to a miner.

Let’s also not forget, no matter how the mmb came to the conclusion our PL for Kolosori is unsuccessful, it’s note worthy to recognise that the SAA’s for both tenement D and K were submitted at the same time as announced by Axiom. Yet the mmb did not make our PL application unsuccessful for the gigantic 144km2 of tenement D.

All of the above is just my opinion.