AXMIN Inc V.AXM.H

Information From The Last MD&A About Mineral Claims

[MiningMasterAu]

From Q2 results, ending in June(After the date of Bambari Claims):

Page 2:

The Company’s primary asset is the Passendro gold project, which is situated in the centre of a 25-year Mining License (355 sq km) that was awarded to AXMIN in August 2010. At the same time, the Company was also awarded two, three-year renewable Exploration Licenses, Bambari 1 and 2 (1,240 sq km), which ring fence the Mining License and cover a 90 km strike along the highly prospective Bambari greenstone belt. The Exploration Licenses were issued for an initial term of 3 years and under Article 21 of the CAR Mining Code, the Exploration Licenses are automatically renewable two times each for 3 consecutive years subject to the payment of the rights and obligations provided for by the mining regulations.


CLEARLY says 25 year mining licensed since 2010, company has 14 years left before it has to be renewed, lots of time to get a program setup with the JV and gold extracted.

Here is what our basher friend TreeTop keeps talking about:

The Bambari 1 and 2 Exploration Licences held by AXMIN in respect of the Passendro gold project were subject to renewal on or before March 21, 2019. Due to the current political environment in the CAR, the Company has not been able to file applications for the renewal of such Exploration Licences. At the report date, the Company intends to continue negotiations with the CAR government and file the renewal applications at the appropriate time. As of the date of this report, management is unable to determine when negotiations will come to the end and accordingly when the renewal applications may be submitted and there is no assurance that the Company will be successful in obtaining the renewal of the Bambari 1 and 2 Exploration Licences.

So actually it doesn't say that they could not renew them. For all we know, the blackout now is regarding the expansion claims, along with the JV announcement and going back to site. Since everyone has been given the blackout message, we are obviously waiting on numerous moving parts in a likely large news release.