EXPLORATION & DEVELOPMENT

Pioneer finds rare, valuable mineral

JUNIOR explorer Pioneer Resources is looking for 10,000-25,000 tonnes of pollucite at its Sinclair prospect near Norseman, with pollucite a high value mineral used to produce Caesium Formate for oil and gas drilling.

Michael Quinn
Pioneer finds rare, valuable mineral

Caesium Formate is a high density fluid that is understood to sell for about $US25,000 per tonne. There are reportedly only two mines in the world (one in Canada and one in Zimbabwe), with typical production...

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