SINCLAIR CAESIUM MINE - STAGE 1 Completed
• The Sinclair Mine excavation of pollucite-bearing rock (“Pollucite”) completed on budget on 15 January 2019, and the mine fleet now demobilising; • Contained caesium in ROM-classified Pollucite of 1,640 tonnes Cs exceeded the Measured Resource Estimate by 57% - resulting in increased revenue to Pioneer and a higher metal inventory for Offtake partner, Cabot Specialty Fluids Limited (“Cabot”); • Operations now focussed on the transport and export of Pollucite, and site rehabilitation; • Progressive Pollucite stockpile transfer to Esperance, W.A., to occur throughout 2019; • The first shipment of 1,600t of Pollucite has now departed the Port of Esperance; and • Other potentially saleable minerals from the Sinclair Mine - including potassium feldspar, quartz and lithium minerals (petalite and lepidolite) have been stockpiled separately during mining.
OTHER PROJECTS
• GOLDEN RIDGE NICKEL AND COBALT PROJECT: Programme of Work approvals received for aircore and RC programmes planned for 2019; • KANGAN GOLD PROJECT: Following entering into a Farm-in Agreement with Novo Resources Corp. (TSX.V:NVO) Novo outlined its plans for the Egina Gold Project, incorporating the Pioneer tenements; • ACRA GOLD PROJECT: Reverse Circulation drilling at Matrix (816m) and Cousin Jack’s (360m); and aircore drilling conducted at Emu Lake (4,704m) continue to generate anomalous gold results. Further work is planned by JV partner Northern Star Resources Limited (ASX:NST); and • BOGADI PROJECT: 5 drill holes completed to test an unconventional lithium clay prospect returned no significant results. |