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  • Pioneer Resources' Brings Fraser Range And Kalgoorlie Exposure To "Stars In 2013" 0 comments
    Mar 27, 2013 8:52 PM

    Pioneer Resources (ASX: PIO) is a well-funded Kalgoorlie-centric explorer with additional tenements in the Albany-Fraser Province.

    David Crook, the founding managing director, will present to investors at the "Stars in 2013 Series" Forum on Wednesday 3rd April 2013.

    Registration here today to attend.

    Pioneer is in a strong financial position, with cash of $3.7 million at the end of December 2012, as well as net cash receivables of $2.7 million, with the company only having a market cap. of around $16 million - with the share price therefore leveraged to exploration success.

    The company successfully executed a company strategy in 2012 of selling the Western Mt Jewell for $8 million cash, and then needed replacement projects - which were achieved through internal exploration and acquisitions.

    Albany Fraser project

    Pioneer (75%) acquired the wildcard Fairwater Project, which is located in the highly prospective Albany-Fraser Province of Western Australia, and covers 1,422 square kilometres of tenements.

    An EM survey is planned; but much more geochemistry is needed.

    At other projects, Pioneer is developing drill targets internally, and at Juglah Dome, Moonbaker and John West are ready for reverse circulation drilling. Mt Thirsty is an exciting early stage geochemical target

    Other objectives achieved by Pioneer recently include moving to 100% of both the Golden Ridge Gold and Nickel Project and the Acra Gold Project.


    Start time: 5:30pm - Please arrive by 5:15pm.

    Date: Wednesday 3rd April 2013

    Place: Radisson Blu Hotel - Cnr Pitt & O'Connell Street

    Five exciting companies presenting, three Lucky Door Prizes which is then followed by a wine and canapé reception where you can personally interact with the presenting MD's & CEOs.

    The event is FREE to attend but make sure you REGISTER today as the seats are filling quickly already.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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