No other party can currently apply whist Axiom has an...

No other party can currently apply whist Axiom has an application for a prospecting licence. See section 14 of the act below

http://macbio-pacific.info/wp-content/uploads/2017/08/Mine-and-Minerals-Rev-1996.rtf

The law of the SI states:
(3) The Director shall refuse to accept an application for a reconnaissance permit if, at the time of submission of the application -

(a) there is pending before the Board an application for a prospecting licence or mining lease in respect of all or part of the proposed reconnaissance area; or

(b) all or part of the proposed reconnaissance area is subject to an existing prospecting licence or mining lease.