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Pioneer Resources Ltd.
Summary
| Project: | Pioneer Dome | |
|---|---|---|
| Deposit: | Sinclair | |
| Location: | Australia | |
| Commodities: | Caesium | |
| Date: | 3/22/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-3-2017: Pioneer Resources Ltd. announces a Resource Estimation report for its Sinclair deposit at the Pioneer Dome project. Mineral Resource Estimate for the Sinclair Caesium Zone at Pioneer Dome. Pioneer Resources Limited (the "Company" or “Pioneer”) | |
| Resources: | (Resource, Total): 10500t @ 17.1% Cs2O at Sinclair | |
| CP/QP: | [Resources]: Paul Dunbar, Lauritz Barnes (Not stated) | |
| ABSTRACT: | Pioneer Resources Limited (the "Company" or “Pioneer”) (ASX: PIO) is pleased to announce a Mineral Resource Estimate for the Sinclair Caesium Zone, which is within the Company’s 100%-owned Pioneer Dome Lithium-Caesium-Tantalum (“LCT”) Project. Caesium, within the mineral pollucite, is currently mined in small quantities at the Tanco Mine in Manitoba, Canada, and sporadically at the Bikita Mine in Zimbabwe. Supply is considered very constrained. The Pioneer Dome LCT Project is well serviced by existing mining-related infrastructure with the Goldfields to Esperance Highway and Railway traversing the Project. It is situated 30km north of Norseman and 150km south of the regional centre of Kalgoorlie. The Mineral Resource Estimate is 10,500t of the caesium ore ‘pollucite’ with a grade of 17.1% Cs2O. Pioneer’s Managing Director, David Crook, said “The Mineral Resource Estimate is a significant step toward the Company realising the value of the Sinclair Caesium Zone, which was discovered in September 2016. “Preliminary metallurgy is looking very positive, with a simple process identified that can produce the very high value, high density caesium formate brine for use in the Oil and Gas industry. The Mineral Resource estimate presumes a single body of pollucite (hydrated caesium aluminasilicate) approximately 40m below surface within a highly fractionated LCT pegmatite intrusive. Geologically, the pollucite occurs within the most-highly differentiated ‘core’ of the PEG08 pegmatite. | |
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