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Company Objectives
The Company's aim is to discover and develop high value nickel resources within the Eastern Goldfields region of Western Australia, northwest Tasmania and elsewhere.
Pioneer's management strategy and corporate plan is to:
Rapidly build shareholder wealth
- Capital growth potential from the discovery of, and production from, Nickel Sulphide mines. With its 100%-owned tenements on the Pioneer-Widgiemooltha-Depot Domes, Pioneer is extremely well positioned in a world-class nickel province to generate an early cash flow through exploration success from advanced stage targets.
- Undertake best practice exploration emphasising an expeditious and cost-effective campaign on those targets most likely to generate mineable resources.
Maximise project values
- Use economic evaluations to ensure that the targets being sought can deliver a low cost position on the nickel industry production cost curve. For a company at Pioneer's stage of development, this means targeting high-grade deposits with high contained nickel tonnes per vertical metre, as seen in the Kambalda district.
- Maintain an evolving list of projects from grass-roots exploration through to advanced resource drilling. Emerging projects will continually compete against more mature projects already in the Pioneer portfolio.
Create high-reward opportunities at limited risk
- Build up large, continuous tenement holdings overlying endowed geological structures which will be attractive as development projects for furture partners or project funders.
- Manage the risk of its large tenement holding by continuing to enter into joint ventures. Pioneer will usually seek provision to be free-carried to the commencement of mining and a royalty option.
Operate as a responsible corporate citizen
- Adhere to the highest standards of corporate governance.
- Conduct operations in a safe and environmentally responsible manner.
- Offer employment opportunities to those who live in the exploration project areas.
- Respect the indigenous culture of the exploration provinces.
- Promote social and economic development for the traditional custodians of Pioneer's exploration projects.
