Ann: Drilling Underway at Pioneer Dome Caesium Lithium Project, page-2

DRILLING COMMENCES AT PIONEER DOME LITHIUM AND CAESIUM PROJECT Perth Western Australia
, 2 November 2017:
Pioneer Resources Limited (“Company” or “Pioneer”, ASX: PIO) is pleased to advise that drilling commenced at the Company’s 100%-held Pioneer Dome Lithium-CaesiumTantalum (LCT) Project on Wednesday 1 November.
The Project is located 35km north of Norseman and midway between Kalgoorlie and the port of Esperance in Western Australia.
• Pioneer has commenced a programme of approximately 3,000m of reverse circulation (RC) drilling, initially testing the PEG003 and PEG008-South Prospects
• First assays expected during December 2017 with the balance to follow during January and February 2018. Subject to results, additional RC and diamond core drilling will follow
• With the Company now well-funded, drilling over the next six months will progressively test high-priority LCT pegmatite clusters within a 12km long corridor, extending from the northern-most PEG003, to the southern-most PEG009 Prospect
• Following archaeological and ethnographic surveys, diamond core drilling is also planned for the Sinclair Zone caesium deposit ahead of final, detailed mine design. The initial programme will see approximately 3,000 metres of RC drilling completed, to test geochemical and geological targets at the PEG003 and PEG008 Prospects. Holes will be spaced 40m-80m apart on 80m-240m spaced panels. Extensions and infill drilling can immediately follow, subject to results. Drilling has started at PEG003 where mapping outlined a highly fractionated pegmatite swarm with a strike length of 1.7km. A strong, coherent lithium and caesium anomaly was detected in soil geochemistry and confirmed in follow-up rock chip analyses, which together form an 800m long drill target. (Refer to Figure 1, and ASX announcement 9 October 2017). Mapping at the PEG008-South Prospect has identified a zoned pegmatite with similar geological characteristics to the pegmatite that hosts the Sinclair Zone caesium deposit, located 750m to the north. The mapped “core zones” have coincident, strongly elevated soil geochemical anomalies in all elements usually associated with pegmatites prospective for lithium, caesium, and tantalum mineralisation. The PEG008- South pegmatite will be drill tested over 450m of strike length initially. Batches of laboratory results from the RC drilling programme are expected to be received during December 2017 and through to February 2018. Following recent capital raisings, the Company is well funded to undertake drilling at the PEG004, PEG006 and PEG007 and other Prospects, which can progress as ethnographic and archaeological clearances are received.


GLTAH