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Introduction
Message from the Managing Director
Welcome to the Pioneer Resources Limited web site.
Pioneer is a specialist exploration company with a strategically located tenement portfolio, largely located within 200km of Kalgoorlie WA.
The Company believes that medium to long-term growth will be delivered via genuine discovery, and following recent successes at its emerging and expanding Mt Jewell Gold Project, the Company's priority has shifted towards this emerging gold project.
The Company's business plan includes:
- Maintaining in-ground exploration focus on its core projects;
- Remaining well-funded to permit significant in-ground exploration programs;
- Researching and ranking projects to a 'develop or divest' decision point; and
- Adding to a portfolio of farm-out joint ventures to mitigate financial risk.
The Company believes that its decision to explore for a range of commodities is proving worthwhile with good results generated at several of its new prospects. These have gold, manganese, copper-lead-zinc and nickel sulphides as the targeted commodity.
The process that Pioneer uses encompasses updating historical data with new geochemistry, remapping areas of significance while bearing in mind the most up-to-date ore genesis models, looking for signs of surface outcrops and applying geophysical techniques to produce a composite picture of the prospect.
All these tools facilitate where to look but at the end of the day, nothing is better than getting a geologist out on the ground to confirm the threads of evidence that have been collected.
Pioneer's advantage is that, through knowledge of its prospective tenement portfolio, it has been able to attract very capable geologists and we spend a good proportion of time on the ground, where discoveries are made!
Please feel free to contact me to discuss any aspects of the report or our business.
David Crook
Managing Director
July 2009
