"Positive sentiments were voiced by government decision makers in recent weeks about the Isabel nickel project and Axiom's development plans. Axiom awaits the formation of the new government for the Minister of Mines to complete the licence application approval process," the company said.
Prime Minister Manasseh Sogovare was voted out as leader of the government in a recent parliament sitting after a majority of cabinet ministers crossed the floor and joined the opposition.
Sogovare was replaced by former central bank governor Rick Hou as Prime Minister.
Several MPs blamed the recently deposed government for hindering the development of key projects, such as Isabel.
Axiom said the licencing approval process has been prolonged due to disorganisation within the government and its bureaucratic entities.
"This has included differing positions on economic development priorities and associated views on Axiom's licence applications."
Axiom chief executive Ryan Mount said that while it was frustrating to be impacted by this recent disruption to the Solomon Islands government, "ultimately we believe recent political events in the Solomon Islands bode well for us especially with the chorus of leading MPs demanding the need for development of key projects such as Isabel.
"In that respect, Axiom is in the best position to lead the country's development needs and we will do so in a sustainable and ethical manner. We look forward to the resolution of the political impasse and in turn anticipate a positive outcome from our pending licence applications over Isabel."