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Pioneer Minerals Limited (ASX:PMM)

ALERT: Price-sensitive ASX Announcement for PMM
Current share price for PMM : $0.120 -0.015 (-11.11%)+
Announcement
Release
7 Jul 2026 8:21AM
Price at Release
$0.135
Full Release
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Summary
Pioneer Minerals Limited has completed an airborne Versatile Time Domain Electromagnetic (VTEM) survey over the Springfield Tungsten-Gold-Gallium Project in Idaho, USA. This survey marks the final major field program before the company's maiden drilling campaign and covered 87 line kilometres. The VTEM survey is designed to detect conductive sulphide zones linked to a previously identified magnetic anomaly, believed to indicate a large tungsten system. This survey is part of a broader strategy including geological mapping, geochemical analysis, and metallurgical testing, transforming the Springfield site from a historic tungsten mine into a potential large-scale system for tungsten, gold, and gallium. The VTEM data will be processed by Mitre Geophysics, with results integrated into existing datasets to generate and prioritize drill targets.
Key Points
  • Completion of airborne VTEM survey over Springfield Project.
  • Survey covered 87 line kilometres and achieved 100% completion.
  • VTEM designed to identify conductive sulphide zones from a magnetic anomaly.
  • The survey is the final major field program before drilling begins.
  • Data interpretation and integration by Mitre Geophysics.
  • High-grade surface sampling confirms Springfield as a multi-commodity critical minerals project.
  • Pioneer has completed various preparation steps for the drilling campaign.
  • Final drill target selection will follow VTEM data interpretation.
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.