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Pioneer Resources Ltd.: Targeting Key Global Demand-Driven Commodities

14.06.2017  |  ABN Newswire
Perth - Pioneer Resources Ltd. (ASX:PIO) (OTCMKTS:PIONF) is pleased to provide the Company's latest Proactive Investors Presentation titled "Targeting Key Global Demand-Driven Commodities".

Company Objectives

- Develop Sinclair Zone Pollucite (Caesium) Resource during 2017:
-Which will provide funds to
o Pioneer Dome WA: - Drill Lithium (Spodumene and Lepidolite) Targets:
o Mavis Lake, Raleigh, Canada: - Drill Lithium (Spodumene) Targets:
o Blair Dome / Golden Ridge: - Consider our Cobalt strategy:

In Addition
o Engage external funding partnerships: Acra Gold JV (WA) Northern Star (ASX:NST)

Pollucite

The Sinclair Zone is Australia's First Caesium Resource

- Discovered in October 2016
- Measured Mineral Resource of 10,500t pollucite grading 17.1% Cs2O
This makes it the World's 3r d largest known pollucite deposit (pre-depletion of others)
- Pollucite is rare and supply very constrained
- Mining studies already commenced and 5,000t bulk sample met test-work in 2H 2017
- Negotiations to secure offtake with leading global caesium users progressing well

Caesium Formate

- Caesium Formate (CsFm) brine:
o lubricant in high temperature/high pressure oil and gas drilling,
o Ensures faster completion times and
o higher production rates

- The two main producers of Pollucite:
o TANCO mine, CABOT Canada, produces sufficient ore to generate approximately 8,400bbl CsFm and a lesser amount of Cs chemicals
o Bikita Mine in Zimbabwe (sporadic, and supplies the Cs chemical market)

- CABOT Specialty Fluids:
o 2010-2014 (5 years) EBITDA averages US$37 million, or $312 million between 2004 and 2016
o CsFm rented to oil companies including Shell, Total, Statoil, ExxonMobil and BP, used in 30 wells per year (2008-2009)

Lithium
19 lithium targets identified and prioritised
- LCT Pegmatites recognised mid 2016.

- Contains a globally significant pollucite deposit

- Lithium (Spodumene or Petalite) intersected in drilling: Conventional lithium exploration model to be followed

- Lepidolite widespread
o PEG009 Farm-in agreement with Lepidico (ASX:LPD) Gives L-Max(R) exposure
o Much Chinese lithium derived from lepidolite

- Key infrastructure in place with road, rail, gas and water all passing through the tenements

Summary

- Exposure to a number of key global demand driven commodities
- New discovery of high-value caesium at Pioneer Dome is world's 3r d largest with potential to significant grow
- Pioneer Dome lithium potential also confirmed through recent high grade drill intersections and successful results from Lepidico's L-Max(R) technology
- Maiden drilling programme completed at Mavis Lake in Canada with significant lithium spodumene intersections
- The company is actively establishing an exploration strategy for its cobalt at the Golden Ridge Project
- NST progressing exploration at Pioneer's ACRA project through farm-in agreement

To view the full presentation, please visit:
http://abnnewswire.net/lnk/K38Z9954



About Pioneer Resources Ltd:

Pioneer Resources Ltd. (ASX:PIO) (OTCMKTS:PIONF) (FRA:PNL) is an active junior exploration company focused on the exploration for key global demand-driven commodities. This includes a portfolio of high quality lithium assets in Canada and Western Australia, and a portfolio of strategically located gold and other commodity projects in sought after mining regions in WA. The Company is focused on delivering shareholder value by actively strengthening its project portfolio, and targeted exploration programs to enable the discovery and commercialisation of high value mineral resources.



Contact:

Pioneer Resources Ltd.
T: +61-8-9322-6974
E: pioneer@pioresources.com.au
www.pioresources.com.au

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