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Pioneer Resources Ltd.
Summary
| Project: | Pioneer Dome | |
|---|---|---|
| Deposit: | Sinclair | |
| Location: | Australia | |
| Commodities: | Lithium-Caesium-Tantalum-Rubidium | |
| Date: | 11/8/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-11-2018: Pioneer Resources Ltd. announces a Resource Estimation report for its Sinclair deposit at the Pioneer Dome project. Updated mineral resource estimate at the project. Perth, Western Australia: 8 November 2018: Pioneer Resources Limited (the "Com | |
| Resources: | (Resource, Total): 7110t @ 16.4% Cs2O | |
| CP/QP: | [Resources]: David Crook;Lauritz Barnes (Internal;Independent) | |
| ABSTRACT: | Perth, Western Australia: 8 November 2018: Pioneer Resources Limited (the "Company" or “Pioneer”) (ASX: PIO) advises of a revision to the Mineral Resource Estimate (initially released to ASX on 22 March 2017), and near-term1 production guidance in relation to the extraction of pollucite at the Sinclair Mine which is within the Company’s 100%-owned Pioneer Dome Project, located 40km north of Norseman, Western Australia. Pioneer Managing Director, Dave Crook, said: “Whilst the revised resource is smaller than the maiden resource reported in March 2017, we are still expecting to recover a similar volume of pollucite due to the fact that we had assumed a greater rate of mining loss to the maiden resource. We are very excited to be nearing the point of mining the pollucite and I am very pleased that the mining operation is on target. Exploration plans to find the next zone of pollucite are advancing as our understanding of the geology in and surrounding the Sinclair Mine Stage 1 pit grows. Following the March 2017 resource that was based on a 10m by 10m drill spacing, the addition of three geotechnical diamond core holes gave indications that the Sinclair Zone Caesium Deposit was likely to have a somewhat more complex geometry than modelled at that time. Consequently, a further 17 holes were drilled to intersect the deposit on a 10m by 5m pattern with some extra 5m infill, and then a revised Mineral Resource Estimate completed. The Mineral Resource Estimate is now 7,110t of the caesium ore ‘pollucite’ with a grade of 16.4% Cs2O, as summarised by category in Table 1 below. | |
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