Ann: Caesium & Lithium Targets Prepared for Drilling the Quarter, page-2

Pioneer’s Geoscientists Generate Priority Caesium and Lithium Drill Targets through Mapping, Rock and Soil Geochemistry.

• PEG003: A cluster of rock chip assays of up to 1.79 % Cs2O, the highest recorded within the Pioneer Dome Project to date, may indicate proximity to a second pollucite (caesium) deposit;
• PEG003 also returned lithium assays of up to 2.91% Li2O, and crystals of tantalum minerals in outcrop. These confirm the presence of another very prospective, highly differentiated pegmatite system;
• The PEG003 swarm outcrops over a 1.5km by 550m strike area; (see Figure 2)
• PEG004, PEG007 and PEG008 are all multiple phase pegmatite swarms with anomalous lithium, caesium and other LCT elements that form within a corridor that is 7 kilometres in length;
• In addition to further deposits of pollucite, the Project is also considered very prospective for the lithium mineralisation, including spodumene; and
• The Company thanks the State Government for the award of a grant under the Exploration Incentive Scheme (EIS) of $112,025 for innovative drilling proposed at the Pioneer Dome.