Yep, the chips on the edge look to be the worst of it. File flat with an engineers file, then reprofile the edge with the same tool and then sharpen. If you search for the us forestry manual or axe sharpening gauge you should find the profile that works best for a general purpose axe edge.
The purestas will be horrified by that, insisting on custom race banana grind #17 but the US forestry profile works best for general use.
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