ESS – Essential Metals | Aussie Stock Forums

Pioneer Resources – RELOADED!
No, seriously that’s what it says in their company presentation.

Current share price 2.0 cents
Shares on issue 510.4 million
Unlisted options 21.0 million
12-month range 1.4 –3.8 cents
Cash $6.5 million
Cash receivables $3.5 million
Market capitalisation $10.2 million

Board
Craig McGown –Chairman
An investment banker with over 35 years’ experience consulting to companies in Australia and internationally, particularly in the natural resources sector.
The former Chairman of DJ Carmichael and currently with New Holland Capital.
David Crook –Managing Director
Founding Managing Director since 2003.
A geologist with over 30 years’ experience in the mining industry, including senior exploration, mining and management roles with a number of Australian and international companies.
20 years experience in the Kalgoorlie District
Allan Trench –Non-Executive Director
A mineral economist, geophysicist and business management consultant.
Previously led exploration teams for WMC and held senior business advisory roles.
Currently a metals analyst with an international consultancy.
Wayne Spilsbury –Non-Executive Director
A geologist with over 35 years of experience including 28 years with Teck Cominco Limited -former General Manager, Exploration –Asia Pacific.
Has worked on gold and base metal projects in Western Canada, the United States, Asia and Australia.

Pioneer maintains a strict threshold approach to exploration. When a project does not rate ‘top priority’, a well credentialed partner is sought.
Project Joint, Venture Partner, Pioneer interest
*Acra (Ni), Xstrata Nickel, 20% FCI
*Balagundi VMS, Alphabrass Pty Ltd, A$2mfarm out
*Larkinville (Au, NI), Ramelius, 20-25% FCI
*Maggie HaysHill (Ni), Norilsk, 20% FCI
*Pioneer (Ni), Panoramic, 20% FCI
*Ravensthorpe (Fe, Mn), Mineral Resources, Royalty
*Ravensthorpe (Cu, Au), PhillipsRiver, Royalty
*Tasmania (Ni, Cu, PGE), Bass Metals, Royalty
*Tasmania (Fe,W, Sn), VentureMinerals, Royalty

The year so far
May2012
Drilling completed at Gindalbie and Juglah Dome Gold Projects
June2012
Sold Western Mt Jewell for $8 million
July2012
Acquired remaining Golden Ridge interests for $0.7 million
Plannedfor2012
Results in the pipeline
Assays -Gindalbie, Juglah Dome
8,500 soil samples -Golden Ridge
EM surveys -Golden Ridge
And then….
Drilling: Juglah Dome, Golden Ridge, Gindalbie –subject to results

Derty, Kennas… what happened in between your last posts and now. For what reason did PIO fall off your radar?