22 Dec 2015

AXIOM signs pre-sale agreement for Solomons Nickel

8:34 pm on 22 December 2015

AXIOM Mining Ltd has pre-sold a year's worth of ore from its Solomon Islands nickel project in what is the first concrete indication of the company's intent to go into production early next year.

Under the off-take and ore prepayment agreement Gunvor Singapore Pte Ltd may provide up to US $3.6 million in funding to the company.

In a statement released today AXIOM Chief Executive, Ryan Mount said having an experienced international trader such as Gunvor as a commercial and financial partner puts AXIOM in a good position to access international markets for nickel laterite ore.

Mr Mount says discussions between the two companies are ongoing about the possibility of striking a longer term agreement in the future.