PIO 5.56% 1.9¢ pioneer resources limited

News: Pioneer Resources sets sail for raising

  1. Western Australian gold and nickel explorer Pioneer Resources (ASX:PIO) has been granted a trading halt by the ASX, pending details of a capital raising.

    Pioneer is gearing up for a drilling program at its wholly-owned Blair Nickel Mine, and is aiming to confirm the presence of previously unrecognised ultramafic lave channels which could host nickel sulphide.

    The company also holds a 75% stake in the Fairwater Nickel Project in the highly prospective Fraser Range, along with gold interests.

    The halt will remain in place until the opening of trade on Monday 16th February 2015, or earlier if an announcement is made to the market.


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