The Acra Gold Project covers an area of 340 km² and is located 60 km north east of Kalgoorlie, WA. The Project has historically been explored for nickel, however Pioneer’s exploration focus turned to gold, and was successful in identifying a 20 km long gold target zone. In October 2016, the Company entered into a Joint Venture Agreement with gold miner Northern Star Resources Limited (ASX: NST, “Northern Star”), which now holds a 75% Joint Venture interest in the Project. Pioneer has a 25% free-carried up to DMIRS approval of a mining proposal from Northern Star.
Kangan Project (Gold and Lithium)
The Kangan Project is located 80 km south of Port Hedland in the emerging western Pilbara gold precinct of WA. It comprises two granted exploration licences and one exploration licence application covering an area of 268 km². The Eastern-most tenement application abuts the Wodgina Lithium Mine tenements. The Kangan Gold and Lithium Project is prospective for sediment/conglomerate-hosted gold as evidenced by rock chips of up to 2.73 g/t gold from previous exploration. In 2018 the Company announced a farm-out joint venture with Novo Resources Corp. Future exploration programmes will be managed by one of Canada’s most innovative and well-funded gold explorers and the key proponent of the Pilbara Conglomerate-Gold genesis model, driven by Dr Quinton Hennigh.
Balagundi Gold Project
A Farm-in & Joint Venture agreement was signed with Black Cat Syndicate Limited (ASX: BC8) on 27 July 2019. Balagundi is located adjacent to Black Cat’s Bulong Gold Project. Upon Black Cat meeting the farm-in expenditure requirements, Pioneer will retain a 25% carried-free interest up to completion of a bankable feasibility study.