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Pioneer Minerals Limited (ASX:PMM)

ALERT: Price-sensitive ASX Announcement for PMM
Current share price for PMM : $0.120 -0.005 (-4%)+
Announcement
Release
1 Jul 2026 8:14AM
Price at Release
$0.125
Full Release
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Summary
Pioneer Minerals Limited has announced the successful completion of a heritage survey and the commencement of an airborne Versatile Time Domain Electromagnetic (VTEM) survey at its Springfield Tungsten-Gold-Gallium Project in Idaho. These steps are part of Pioneer's systematic approach to advance the project towards its maiden drilling program. The VTEM survey aims to identify conductive sulphide zones associated with a previously identified 2.9-kilometer magnetic anomaly, which is indicative of a large-scale tungsten system. The data from this survey will be integrated with existing geological and geochemical datasets to refine drill targets. This progress marks another significant milestone in Pioneer's exploration strategy, which has included geological mapping, geochemistry, and metallurgical test work among other activities over the past year.
Key Points
  • Heritage survey completed at Springfield Tungsten-Gold-Gallium Project in Idaho.
  • Airborne VTEM survey commenced to identify conductive sulphide zones.
  • 2.9km magnetic anomaly associated with tungsten system targeted.
  • Strong association confirmed between scheelite and pyrrhotite mineralisation.
  • VTEM survey results to refine drill targets for maiden drilling program.
  • Pioneer systematically advanced the project through multiple exploration strategies.
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.