Over 2013, Pioneer has maintained its sound financial position, whilst at the same time accumulating a portfolio of high quality projects with the potential to deliver significant shareholder value. With 80% of the Company's 2013 expenditure being classified as "in-ground", Shareholders can be confident of efficient use of funds which have resulted excellent progress in our clear exploration strategy. The Acra Gold Project, the Golden Ridge Nickel-Gold Project and the Fairwater Nickel Project remain the current priority focus.
Pioneer, with a proven discovery capacity (Mt Jewell Gold Project sold 2012), holds a large multi-commodity tenement portfolio within 100km N and E of Kalgoorlie, built through exploration and acquisitions such as Gold Ridge Nickel and Gold Project interests, and commodity swap at Acra Project, resulting in 100% interest of gold, and acquisition of 75% stake in Fairwater Nickel-Gold Project. See each project page for details of exciting successes so far, including, high tenor gold intersected at 4 new prospects at Acra, updated Jorc resource at Blair Mine in Golden Ridge, along with identification of proximate targets and soil sample program at Fairwater to test 4 nickel and 6 gold targets.
To deliver shareholder value Pioneer is focused on: