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BRIEF-Axiom Mining updates on Solomon islands litigation proceedings

Published 17/07/2015, 11:24 am
© Reuters.  BRIEF-Axiom Mining updates on Solomon islands litigation proceedings
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July 17 (Reuters) - Axiom Mining Ltd AVQ.AX :

* Axiom Mining solomon islands litigation proceedings update AVQ.AX

* SMM Solomon raised objection, on basis that grant of mining lease would be subject to outcomes of Court of Appeal hearing in relation to project

* Says was invited by the Solomon islands government to present a mining lease application for the Isabel Nickel Project

* Says mining lease application to be determined at the mines and minerals board meeting on 16 July 2015

* Consent order of court was agreed amongst parties involved in Court of Appeal hearing

* This week, Axiom commissioned upgrade to increase capacity of CAMP and related infrastructure on Kolosori Tenement on Santa Isabel Island

* Co's co-defendants consented to withdraw Axiom's MLA and postpone application presentation until after judgment is delivered

* Source text for Eikon ID:nASX3pf26G

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