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PIONEER RESOURCES LIMITED

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QUARTERLY ACTIVITIES REPORT

FOR THE PERIOD ENDED 31 MARCH 2018

30 April 2018, Pioneer Resources Limited (“Pioneer” or the “Company” (ASX: PIO)) is pleased to update the market with a summary of activities undertaken during the March Quarter of 2018.

HIGHLIGHTS

PIONEER DOME Caesium Potassium Lithium Project – Eastern Goldfields, WA

  • ‘Pre-mining’ diamond drilling intersected high-grade caesium in line with previous drill results.
  • Highlight Caesium (Pollucite) intersections included: 
    • PDD162: 11.15m at 17.43% Cs2O from 38.20m. 
    • PDD166: 5.70m at 29.61% Cs2O from 37.70m.
    • PDD167: 2.68m at 27.11% Cs2O from 40.82m and 7.18m at 16.04% Cs2O from 47.88m.
  • Results used to update caesium Mineral Resource Estimate and then finalise open pit mine design.
  • Broad zones of other alkali-metal minerals (including potassium and lithium) also intersected.
  • Potential to commercially develop potassium and lithium minerals to increase Sinclair revenue.
  • Commercial study to be finalised during May and, subject to all approvals, mining activities scheduled to commence in the second half of 2018.

MAVIS LAKE and RALEIGH Lithium Projects – NW Ontario, Canada

  • Highly successful 9 hole-1,591m diamond drill programme completed at the Fairservice target - all holes intersected significant spodumene mineralisation.
  • Standout intersections included:
    • MF18-53: 55.25m at 1.04% Li2O from 82.75m.
    • MF18-58: 28.95m at 1.14% Li2O from 116.80m.
    • MF18-51: 23.30m at 1.09% Li2O from 76.80m.

GOLDEN RIDGE COBALT AND NICKEL PROJECT – Eastern Goldfields, WA

  • In January 2018 the Company announced the results of a 31 hole - 3,084m RC programme.
  • Highlight results included:
    • 31m at 0.15% Co and 0.37% Ni from 43m
    • 6m at 0.57% Co and 0.52% Ni from 22m
    • 19m at 0.22% Co and 0.23% Ni from 34m
  • New nickel sulphide discovery; 22m at 1.02% Ni and 475ppm Cu from 202m.

Click here to view the full announcement

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INFILL DRILLING CONFIRMS CONTINUITY OF HIGH-GRADES AT THE SINCLAIR ZONE CAESIUM DEPOSIT PREPARATIONS FOR MINING ADVANCE

ASX Announcement 19 April 2018 

Perth Western Australia, 19 April 2018: Pioneer Resources Limited ("Company" or "Pioneer", ASX: PIO) is pleased to provide a drilling update for its 100%-held Pioneer Dome Project in the Eastern Goldfields of Western Australia, which includes the Sinclair Zone Caesium Deposit.

A programme of diamond-drilling was principally undertaken to infill 5 sections with the strongest caesium mineralisation (in the form of the mineral pollucite) in preparation for final open pit mine design work. Each of the key sections returned pollucite intersections in line with earlier modelling.

Caesium (Pollucite) intersections included:

  • PDD162: 11.15m at 17.43% Cs2O from 38.2m 
  • PDD166: 5.70m at 29.61 Cs2O from 37.7m 
  • PDD167: 2.68m at 27.11 Cs2O from 40.82m 

and 7.18m at 16.04 Cs2O from 47.88m 

  • PDD170: 7.45m at 16.58 Cs2O from 43.6m
  • PDD174: 4.30m at 20.89 Cs2O from 43.5m

Lithium mineralisation (petalite and lepidolite), which occurs peripheral to the caesium mineralisation, included:

  • PDD161: 25.02 m at 2.14% Li2O from 41.98m 
  • PDD163: 16.43 m at 2.27% Li2O from 40.57m 
  • PDD164: 16.10 m at 2.64% Li2O from 39.9m
  • PDD168: 16.50 m at 1.75% Li2O from 40.5m 
  • PDD173: 26.70 m at 1.82% Li2O from 34.3m 
  • PDD175: 23.10 m at 1.94% Li2O from 41.9m 
  • PDD176: 19.00 m at 1.62% Li2O from 38.0m

PRE-MINE DRILLING AT THE SINCLAIR ZONE CAESIUM DEPOSIT.

The programme totalled 20 drill holes and produced 1,333.29m of core. Of these, 15 holes targeted caesium or lithium mineralisation, 4 holes were completed adjacent to the proposed pit walls to provide geotechnical information, and 1 hole became blocked and was abandoned. Most holes also intersected potassium (microcline).

With lithium and caesium results to hand, Pioneer’s geological consultants from the Mitchell River Group are revising the Mineral Resource Estimate for caesium.

Potassium (microcline) samples, which require specialised processing, are currently being analysed, with results expected before the end of April.

The open pit design and confirmation economic study are on track to be concluded by the end of May, 2018.

Click here to view the full announcement 

ASSAYS CONFIRM MULTIPLE, WIDESPODUMENE-PEGMATITE INTERSECTIONS MAVIS LAKE LITHIUM PROJECT, ONTARIO, CANADA

ASX Announcement 6 April 2018 


Perth, Western Australia: 6 April 2018:  Pioneer Resources Limited (the "Company" or “Pioneer”) (ASX: PIO), in conjunction with its joint venture partner International Lithium Corp. (“ILC”) (TSX Venture: ILC.V), (together the “Joint Venture”) is pleased to provide the results of a highly successful drilling programme at the Mavis Lake Lithium Project in the province of Ontario, Canada, (Refer ASX announcement 19 February 2018).


STANDOUT INTERSECTION* | MF18-53:  55.25m at 1.04% Li2O from 82.75m


Other intersections* of spodumene-bearing pegmatites returned:


  • MF18-58:  28.95m at 1.14% Li2O from 116.8m
  • MF18-51:  23.30m at 1.09% Li2O from 76.8m
  • MF18-52:  13.45m at 1.17% Li2O from 149.95m
  • MF18-54:  18.20m at 1.27% Li2O from 94.8m and
  • MF18-54:  6.10m at 2.33% Li2O from 139.25
  • MF18-55:  12.35m at 1.41% Li2O from 135.14m


DRILLING AT MAVIS LAKE LITHIUM PROJECT


The programme, targeting the Fairservice Pegmatite 6 Prospect, (see Figures 1 and 2 below) consisted of nine diamond core holes for a total of 1,591 metres.


All nine holes intersected significant spodumene mineralisation, usually in the form of multiple wide zones of pegmatite.These results greatly enhance the prospectivity of the Project.


Image 1:MF18-53.   The entire interval, including internal waste, returned 55.25m at 1.04%Li2O from82.75m. Higher grade zonesincluded 25mat 1.12%Li2O from82.70m and13.70m at1.41% Li2Ofrom 122.30m

* Allreported widths are drillhole intersection widths andhave notbeen converted to truewidth. Truewidth isunknown atthis time


Click here to view full announcement 


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