Axiom Mining was initially a Vietnam dedicated exploration-mining company
and has maintained a full time presence in Vietnam.
In 2004-05 the Company through its
Australian subsidiary Ozmin Resources acquired 100% interests in six exploration
projects in Queensland, Australia. Now Axiom has two centres of operation in the Asia Pacific region,
being Vietnam and Australia.
Project
Summary
|
Vietnam |
|
|
Pu
Sam Cap |
MEL
316/GP-BTNMT MEL 317/GP-BPNMT
|
|
Quang Binh |
MEL
154/GP-BTNMT |
|
Quang Tri |
MEL
Application submitted |
|
Australia |
|
|
Cardross |
EPMAs 15708, 15243, 15449 (all applications) and
ML 20003 (granted) – tenure freehold
|
|
OK
Mines |
EPM
14534 (granted), EPMA 15445 (application), EPMA
15529 (application) and MLs 4805, 4806, 4809,
4813, 5038 (all granted) – tenure freehold
|
|
Mt
Molloy |
EPM
12998 and ML 4831 (both granted) – tenure
freehold |
|
White Hills |
EPMs
14409 and 13421 (both granted) – tenure freehold
|
|
Pinevale |
ML
4775 (granted) and EPM 13127 (granted) – tenure
freehold |
|
Poley Cow |
EPM
14807 (granted) – tenure freehold
|
Vietnam Projects
Axiom has interests, held through project specific controlled
Australian corporate entities, in three projects in Central and North-West
Vietnam.
Central Vietnam
• Quang Binh (“QB”) – Axiom interest 56%
• Quang Tri (“QT”) – Axiom interest 80%.
Northwestern Vietnam
• Pu Sam Cap (“PSC”) – Axiom interest 2.96-8.47%.
Australian Projects
In Queensland, the combination of generally soft metal prices
and the delay in the introduction of effective native title
legislation resulted in the comparatively low levels of exploration
activity from the late 1980s. The recent increase in the issue of
exploration titles by the Queensland authorities and the recent
increase in metal prices has contributed to significant growth in
exploration activity in the state.
In 2004-05, Axiom Mining acquired and subsequently expanded
a portfolio of mineral projects in North Queensland. Three of these Projects
(Cardross, OK Mines and Mt Molloy) offer immediate targets for
exploration drilling, 2 of which are currently being drilled.
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