Axiom vs Sumitomo appeal ends in Solomons

1:01 pm on 8 June 2015

The Solomon Islands Court of Appeal is yet to release its judgment in relation to the ownership of high grade nickel deposits in the country's Isabel Province.

The claimant is the Japanese mining giant Sumitomo which lost a long running court battle last year to the small Australian-owned Axiom Mining.

The appeal case concluded on Friday in Honiara, with the Court choosing to reserve its judgment until further notice.

Axiom meanwhile says its Isabel nickel project team is continuing with development activities which have revealed a larger and higher grade nickel deposit than initially predicted.

The Australian miner had previously said its operation was on track to go into full production by the end of the year.

Mining in West Australia.

Court yet to rule in Solomons nickel row Photo: AAP