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Company Objectives
The Company's aim is to discover and develop high value mineral resources within the Eastern Goldfields region of Western Australia.
Pioneer's management strategy and corporate plan is to:
Build shareholder wealth
- Generate capital growth initially through the discovery of new economic orebodies. With approximately 2,300 km² of tenements to explore near Kalgoorlie and Kambalda Western Australia, Pioneer's tenement portfolio is situated in a world-class gold and nickel province.
- Undertake best practice exploration emphasising expeditious and cost-effective exploration campaigns on those targets most likely to generate mineable resources.
- Leading to significant cash flow generation through exploration success from advanced stage targets.
Maximise project values
- Use economic evaluations to ensure that targets identified have the capacity to deliver at a low cost position on the industry production cost curve. This means that Pioneer will target high-grade, high-value metal deposits.
- Maintain an evolving list of projects from grass-roots exploration through to advanced resource drilling. Emerging projects will continually compete against more mature projects already in the Pioneer portfolio.
Create high-reward opportunities at limited risk
- Build up large, continuous tenement holdings overlying endowed geological structures which will be attractive as development projects for future partners or project funders.
- Manage the risk of its large tenement holding by continuing to enter into joint ventures. Pioneer will usually seek provision to be free-carried to the commencement of mining and a royalty option.
Operate as a responsible corporate citizen
- Adhere to the highest standards of corporate governance.
- Conduct operations in a safe and environmentally responsible manner.
- Offer employment opportunities to those who live in the exploration project areas.
- Respect the indigenous culture of the exploration provinces.
- Promote social and economic development for the traditional custodians of Pioneer's exploration projects.
July 2009
