With production planned to start from the 100% owned Sinclair Zone Caesium Project (“Sinclair Zone”), Pioneer Resources Limited (“Pioneer” or “the Company”) believes it is set to receive significant cash flow to augment funding for its portfolio of quality specialty metal and nickel projects. Sinclair Zone is a recent discovery by Pioneer, and occurs in a belt of highly fractionated lithium-caesium-tantalum (“LCT”) pegmatites that also have demonstrated lithium mineralisation within the overall eponymous Pioneer Dome Project; there is also the potential for additional resources of the extremely rare and highly valuable caesium mineral pollucite to be found. Sinclair Zone is the first caesium discovery in Australia, and the first globally for many years.
