Axiom Mining 2015 Annual Report

GROUP FINANCIAL REPORT

Notes to the financial statements for the year ended 30 September 2015

54

9. Investments in subsidiaries Details of the subsidiaries are as follows:

Ownership interest held by the Group

Proportion of Non-controlling interests

Place of incorporation

2015 %

2014 %

2015 %

2014 %

Name of subsidiaries

Axiom Vietnam JSC* Axiom Nickel Pty Ltd Axiom Nickel (SI) Ltd

Vietnam Australia Solomon Islands Solomon Islands

90

90

10

10

100

100

–

–

100

100

–

–

Axiom KB Ltd

80

80

20

20

Azzu Mining Ltd

British Virgin Islands

100

100

–

–

Guadalcanal Resources Limited*

Solomon Islands

93

93

–

–

Laos Resources Ltd

British Virgin Islands

100 100

100 100

– –

– –

Ozmin Resources Pty Ltd

Australia Solomon Islands Australia Australia Australia Australia

South Pacific Minerals Limited

100 100 100 100 100

100 100 100 100 100

– – – – –

– – – – –

Vietnam Resources Corporation Pty Ltd

Vietnam Resources Corporation (QB) Pty Ltd

AXIOM MINING LIMITED ANNUAL REPORT 2015

VRC Quangtri Pty Ltd

Millungera Energy Pty Ltd

Vietnam Resources Corporation (VN Holdings) Pty Ltd

Australia

100

100

–

–

* The non-controlling interests of Axiom Vietnam JSC and Guadalcanal Resources Limited are not material to the Group.