Company Information for AXMIN Inc
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Company Statement
AXMIN Inc. a gold exploration company offers dynamic growth with a track record of finding and developing mines in Africa. AXMIN's strategy is to focus on newly democratic countries where it has the opportunity to acquire highly prospective ground as an early entrant. The Company has a substantial depth of African experience both through its team of explorers and its major shareholder The Addax and Oryx Group.
"AXMIN will continue to focus on frontier countries where it has the opportunity to acquire highly prospective ground as an early entrant, such as in the Central African Republic and Sierra Leone, and in areas where it has strategically located projects, such as in Mali and Senegal." Dr Jonathan Forster
Current Operations
AXMIN holds the premier land position in the Central African Republic (CAR) with six permits totaling over 3,900 sq km. Its most advanced being the Passendro Gold Project located in the centre of its 140 km long Bakala-Bambari permits in CAR has a total resource of 2.6 million ounces of gold (indicated resource of 1.8 million ounces in 23.2 Mt grading 2.4 g/t Au and inferred resource of 1.01 million ounces in 16.7 Mt grading 1.9 g/t Au). In April 2008 AXMIN completed its definitive feasibility study on the 200,000 ounce per year Passendro Project, to include a resource/reserve of 1.3 million ounces of gold in 16.8 Mt grading 2.4 g/t Au. In addition to Passendro, AXMIN also operates in the 15 moz Loulo district in western Mali, where it has a current resource of 0.66 million ounces at its Kofi Gold Project (indicated resource of 293,000 ozs in 3.6 Mt grading 2.5 g/t Au and inferred resource of 368,000 ozs in 5.3 Mt grading 2.2 g/t Au) and an initial inferred resource of 392,000 ounces in 4.9 Mt grading 2.5 g/t Au on its Komahun Project in Sierra Leone. Resource upgrades are expected from Komahun projects in Q4 2008.
As AXMIN continues its discussions witht he Government of CAR with respect to the issuing of the Mining Licence for Passendro in parallel its projects in Mali and Sierra Leone are gaining ground. It’s the Company’s objective to maintain the pace of advancement on all fronts to ensure that there is a pipeline of development projects as it makes the transition from explorer towards producer.
Geographical Spread
Africa
Board of Directors and Key Management
| Senior Management | |
| Jean Claude Gandur | Chairman |
| Dr Michael Martineau | Deputy Chairman |
| Mario Caron | President/Chief Executive Officer |
| Dr Jonathan Forster | Head of Exploration |
| Alex Dann | Vice President Finance & Chief Financial Officer |
| Judy Webster | Manager Investor Relations |
| Shirley Kozel | Corporate Secretary |
| Charles Carron Brown | GM Passendro Project |
| Judith Webster | Manager - Investor Relations |
| Directors | |
| Michael Ebsary | |
| Robert Jackson | |
| Jonathan Forster | |
| Jean Claude Gandur | |
| Michael Martineau | |
| Ted Reeve | |
| Robert Shirriff | |
| Anthony Walsh | |
| Francois Jaclot (non-executive) |
Company AddressToronto Dominion Bank Tower
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Additional Address/Key ContactRepresentative Office (UK) |
CapitalCapital structure as at Nov 19, 08:
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Annual General MeetingJune | Year EndDecember 31 |
Nominated BrokersRBC Capital Markets |
Broker/Analyst Reports
31/08/07 - Haywood Securities Inc.
17/11/06 - Feb 06 Andrew Kaip, Haywood Securities
Major Shareholders
| AOG Holdings BV 44.69% (48.24% fully diluted) |
Related News
12/05/09 - Axmin Limits Activity While It Awaits The Mining Licence For Its Passendro Gold Project In The CAR01/10/08 - Is An Inscrutable Chinaman Playing High Stakes Poker With AXMIN And The Government Of The Central African Republic?
Most Recent Statement
02/12/08 - AXMIN Announces Board Appointment01/12/08 - Tiomin Resources Makes Changes to Board of Directors
19/11/08 - AXMIN Announces Closing of Cdn$4 Million Non-Brokered Private Placement
17/11/08 - September Quarter Financial Statements and MD and A
10/11/08 - AXMIN Announces Non-Brokered Private Placement
06/11/08 - ESIA Approval Another Milestone for the Passendro Gold Project, Central African Republic

