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Axiom Mining appoints chief financial officer

Published: 17:30 12 Sep 2014 AEST

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Axiom Mining (ASX:AVQ) has appointed Sailesh Solanki as its chief financial officer ahead of an imminent judgement on the litigation over the Isabel Nickel Project in the Solomon Islands.

Solanki is an experienced finance executive who has a track record in financial leadership for publicly listed mining companies with operations in the Melanesian Pacific islands.

He spent most of his recent career with Allied Gold as its group finance manager where he managed their Solomon Islands and Papua New Guinea finance functions as well as ASX reporting requirements.

He was at Emperor Mines Limited for more than 10 years, where he implemented financial systems in Fiji and PNG, and he also managed the finance and treasury operations for Intrepid Mines Limited through a massive growth phase.

“With drilling progressing well on our West Guadalcanal Project and a judgment imminent on the Solomon Islands litigation over the Isabel nickel deposit, Axiom is poised to enter a new phase in our company history,” chief executive officer Ryan Mount said.

“It is important we position ourselves for accelerated growth with the appointment of talented senior managers to guide the company’s development.”

The Solomons High Court is delivering its decision on the company’s lengthy legal battle with multi-billion dollar refining giant Sumitomo Metal Mining Company over the Isabel Nickel Project on 24 September.

The Isabel Nickel Project is 80% owned by Axiom via local subsidiary Axiom KB Limited that includes the Kolosori and Bungusule tenements, which contain the largest nickel laterite deposits in the Pacific.

 

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