"In total, the pollucite shipped to date contained 1,159 tonnes of caesium oxide (Cs2O).
This figure reconciles well with the quantity of Cs2O (1,167 tonnes) reported in the pre-mining Mineral Resource Statement for the Sinclair Mine (ASX release 28 November 2018).
Post Quarter End: In January 2020, Pioneer and Sinomine Specialty Fluids (the offtaker), reached in-principle agreement to adjust upwards the price on the high grade pollucite already invoiced and for a Sinomine company to purchase all remaining lower-grade pollucite material that fell below the offtake agreement minimum grade threshold. Pioneer expects to receive a further A$1.5 million to $2.0 million in sales as a consequence.
Total sales of all pollucite material from the Sinclair Mine are now expected to reach A$19 million (from January 2019 to June 2020)."
PIO Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
