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Pioneer Minerals Limited (ASX:PMM)

ALERT: Price-sensitive ASX Announcement for PMM
Current share price for PMM : $0.145 0.015 (11.54%)+
Announcement
Release
22 Jun 2026 8:15AM
Price at Release
$0.130
Full Release
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Summary
Pioneer Minerals Limited has received approval from the US Forest Service to start its maiden drilling program at the Springfield Tungsten-Gold-Gallium Project in Idaho, USA. This approval is a milestone for Pioneer, allowing them to test a potentially district-scale mineral system using modern exploration methods. Significant geophysical findings indicate a large magnetic anomaly which could signify extensive tungsten mineralization. High-grade tungsten, gold, and gallium results have been recorded, cementing Springfield's status as an emerging critical minerals project. The project is strategically located within a key US mining district, with the drilling program set to proceed following further geophysical and geological assessments.
Key Points
  • Pioneer Minerals Limited secured US Forest Service approval for drilling at Springfield Tungsten-Gold-Gallium Project in Idaho, USA.
  • The approval marks the first modern drilling program aimed at testing a large-scale mineral system.
  • Geophysical interpretation identified a magnetic anomaly extending 2.9 km along strike, potentially indicative of a significant tungsten mineralization.
  • High-grade tungsten results include up to 2.98% WO3.
  • Gold and gallium have also been identified, with significant results supporting Springfield as a multi-commodity critical minerals project.
  • Upcoming activities include an airborne electromagnetic survey and further geological mapping to refine drill targets.
  • The strategic location within a major US critical minerals district enhances the project's importance.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.