AUSTRALIAN firm Axiom Mining has appointed experienced legal adviser to mining and exploration companies Robert Barraket as non-executive chairman.
He is currently the chairman and partner of Barraket Stanton Lawyers in Sydney and has 50 years’ experience in legal practice including the establishment of two successful legal firms.
Stephen Williams will step down after five years on the Board, having guided Axiom through challenging times including defending the company’s rights over the world class Isabel Nickel Project in the Solomon Islands High Court.
Axiom CEO Ryan Mount said, “Under his stewardship, Axiom has achieved an enviable status within the nickel industry in the Asia Pacific region surmounting fierce competition during one of the toughest economic environments in recent history.”
“…Robert Barraket’s vast legal expertise in international mining transactions as well as extensive corporate development experience will be invaluable to Axiom as we work towards our goal of becoming one of the region’s most significant and profitable producers.”
Axiom is moving closer to the first shipment of nickel ore from the Isabel project in the Solomon Islands during Q1 2016 as a A$10 million financing facility and long-term offtake deal unfold.
Axiom said it would offer a loyalty bonus option issue to shareholders that hold 125,000 or more fully paid ordinary shares at the record date, and would be issued one free loyalty bonus option for every eight ordinary shares held.