Axiom Mining Limited has provided update in relation to its operations at San Jorge, the proposed first customer shipment and the rationale for its decision to commence mining operations at San Jorge. Operational update: Axiom is continuing its mining operations at San Jorge with a fleet of equipment leased on a short term basis including four dump trucks, four excavators, two dozers, a roller/compactor, a 44,000 litre fuel tanker, grader, two drill rigs and a range of light vehicles currently in operation. Ore is being extracted and graded visually by spotters in the mine and by hand-held analysis equipment used by surveyors. Extracted nickel ore will then be transported along Axiom's previously constructed haul road to two main stockyard points where it is being dried in separate piles according to grade and geochemistry in preparation for shipment. Once dried and ready for shipment, the ore will be blended to meet contract requirements. It will then be loaded and trucked from the main stockyards to the port loading area, an approximate distance of 4.9 kms where the material will be transhipped by barges to ocean going vessels for shipment to customers. Arrangements are currently being made for barges to be mobilised to site. Shortly after Axiom first announced in late January 2019 that mining had commenced, the effects of Cyclone Oma hit the Solomon Islands and caused significant disruption to Axiom's mining operations throughout February 2019 due to ground and weather conditions and the unavailability of key marine services. Further, in late March and April, operations were affected by the Solomon Islands general election on 3 April 2019, which significantly reduced the availability of inter-island transport to supply labour, necessary materials and consumables required for operations. The mining opportunity at San Jorge is not limited to the current operations and Axiom has plans for further exploration and development. Axiom's strategy involves building new roads to access new areas of the tenement, conducting exploratory drilling in those new areas and, where exploration results indicate appropriate prospectivity, opening new pits and commencing extraction and mining. As part of its operations, Axiom is also implementing measures to minimise the environmental effects of mining. The exploration and development at San Jorge is expected to be an ongoing process over time. Additional funds will be required to implement this strategy. Potential sources of funding include potential finance to be provided by Traxys. Axiom's drilling program ­ the results of the drilling program conducted by Axiom. This work which included: 154 holes in 2016 and 2017 and 1,550 metres at 50 x 50 metre drill spacing on the initial areas of focus; and 280 holes in a more defined program that included 25 x 25 metre infill drilling as well as sterilisation holes on the edge of the known mineralisation zones. The Company's drilling regime is generally more comprehensive than many other DSO nickel laterite projects of which Axiom is aware, which are subjected to 100 x 75 metre drill spacing or in some cases, no drilling at all. Axiom's Decision to Mine was based on its assessment of potential nickel ore composition information contained in the Historical Information and its own assay work, disclosed in its market announcements dated 19 and 25 February 2019. Axiom's drilling program since the grant of the San Jorge mining lease in September 2018, has focused on the infill of previous drilling by Axiom to assess the composition of the San Jorge nickel ore in the initial target mining areas. Infill drilling assays have confirmed previous results or in some areas are slightly better than expected, giving Axiom encouragement that San Jorge nickel ore will meet the specification requirements of potential customers direct shipping ore (DSO) products.