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Axiom Mining Limited ( ASX: AVQ )

When you think about the lithium-ion battery movement, and the move away from fossil fuels to clean energy, you would naturally think about the role lithium and graphite is playing in this new energy paradigm.

However a little known fact is the huge requirements for nickel in lithium ion batteries – in fact Tesla CEO Elon Musk thinks lithium ion battery cells should really be called “nickel graphite” battery cells.

That’s not to mention the strong base level demand for nickel – a commodity for which prices rises can be quite dynamic – due to its use in stainless steel.

One ASX listed junior capped at $48.5 million is hoping to ride the coattails of macro-economic factors currently working in nickel’s favour including Chinese manufacturing requirements, export bans from major traditional suppliers and stainless steel demand which could create optimal market conditions as this ASX stock gets set to come into production in 2017.

This company’s focus for now is on the San Jorge tenement in the Solomon Islands – a holding making up approximately 50% of the known world class Isabel nickel deposits. And it is on track to fully define the high grade mineralisation, as well as its parameters for mining in the near term.

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Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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