Table 1

Selected Gossan Rock Chip Assay Results

Location

Northing

Easting

Comment

Ni ppm

Cu ppm

Pd g/t

Pt g/t

Cr ppm

Fe

%

Zn ppm

G1

6579317

377121

Vuggy ironstone

733

247

1.462

0.431

5530

2.26

678

G2a

6579277

377193

Ironstone

2600

630

0.227

0.098

2730

33.3

62

G2b

6579273

377198

Rusi - vuggy silcrete

648

310

0.739

0.458

688

2.1

45

G3

6579277

377457

Massive ironstone

3946

1241

0.277

0.256

1882

49.19

184

Class

Tonnes

Ni

Ni Metal

(t)

(%)

(t)

Indicated

75,560

4.37

3,300

Inferred

147,150

2.18

3,210

Total

222,710

2.92

6,510

Criteria

JORC Code explanation

Commentary

Sampling techniques

• Nature and quality of sampling (eg cut Faces, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down-hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.

• Random Chips.

Sampling techniques

• Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

• Numerous small chips taken from an outcrop provides greater representatively, rather than a single larger chip.

Sampling techniques

• Aspects of the determination of mineralisation that are Material to the Public

Report.

• In cases where 'industry standard' work has been done this would be relatively simple (eg 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.

• Samples were collected for analysis by a commercial laboratory by a geologist while mapping.

• 3.0kg samples are submitted for analysis.

Drilling techniques

• Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of Diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).

• Not applicable to rock chip sampling

Drill sample recovery

• Method of recording and assessing core and chip sample recoveries and results assessed.

• Not applicable to rock chip sampling

Drill sample recovery

• Measures taken to maximise sample recovery and ensure representative nature of the samples.

• Not applicable to rock chip sampling

Drill sample recovery

• Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

• Not applicable to rock chip sampling

Criteria

JORC Code explanation

Commentary

Logging

• Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.

• Not applicable. Not used for Mineral Resource calculations

Logging

• Whether logging is qualitative or quantitative in nature. Core (or costean, Face, etc)

photography.

• Qualitative

Logging

• The total length and percentage of the relevant intersections logged.

• Not applicable to rock chip sampling

Sub-sampling techniques and sample preparation

• If core, whether cut or sawn and whether quarter, half or all core taken.

• If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.

• For all sample types, the nature, quality and appropriateness of the sample preparation technique.

• Not applicable to rock chip sampling

Sub-sampling techniques and sample preparation

• Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

• Not applicable to rock chip sampling

Sub-sampling techniques and sample preparation

• Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.

• No

Sub-sampling techniques and sample preparation

• Whether sample sizes are appropriate to the grain size of the material being sampled.

• Not applicable to rock chip sampling

Quality of assay data and laboratory tests

• The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

• Gold, platinum and palladium analysed by Intertek analysis code FA50/SAA.

• Base metal assays were by Intertek code 4A/OE.

• For Gold, platinum and palladium: The sample preparation and assay method (fire assay, mass spectrometer finish) is considered to be standard industry practice and is appropriate for the type of deposit. The fire assay technique is a near total

assay.

• For other elements: The sample preparation and assay method (4 acid digest ICP OES finish) is considered to be standard industry practice and is appropriate for the type of deposit. The 4 acid digest technique is a near total assay

Quality of assay data and laboratory tests

• For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

• Not used

Quality of assay data and laboratory tests

• Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.

• Laboratory standards and blanks only.

Criteria

JORC Code explanation

Commentary

Verification of sampling and assaying

• The verification of significant intersections by either independent or alternative company personnel.

• The use of twinned holes.

• Not applicable to rock chip sampling

Verification of sampling and assaying

• Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

• Pioneer has a digital SQL database where information is stored.

• The Company uses a range of consultants to load and validate data, and appraise quality control samples.

Verification of sampling and assaying

• Discuss any adjustment to assay data.

• Pioneer has not adjusted any assay data.

Location of data points

• Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

• Locations were ascertained using a hand-held GPS with an accuracy of +-5 metres.

Location of data points

• Specification of the grid system used.

• MGA94 (Zone 51)

Location of data points

• Quality and adequacy of topographic control.

• Hand-held GPS does not measure RL accurately. Surface is assumed to be flat.

Data spacing and distribution

• Data spacing for reporting of Exploration Results.

• Random

Data spacing and distribution

• Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

• Not applicable. Not used for Mineral Resource calculations

Data spacing and distribution

• Whether sample compositing has been applied.

• No

Orientation of data in relation to geological structure

• Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

• If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.

• Not applicable to rock chip sampling

Sample security

• The measures taken to ensure sample security.

• Not applicable to rock chip sampling

Audits or reviews

• The results of any audits or reviews of sampling techniques and data.

• Sampling techniques for assays have not been specifically audited but follow common practice in the Western Australian gold industry.

• The assay data and quality control samples are periodically audited by an independent consultant.

Criteria JORC Code explanation Commentary

Mineral tenement and land tenure status

• Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites

• The mapping and sampling reported herein of the near- Blair Nickel Mine is entirely within M26/220 which is a granted Mining Lease.

• The tenement is located approximately 35km ESE of Kalgoorlie WA.

• Golden Ridge North Kalgoorlie Pty Ltd, a wholly-owned subsidiary of Pioneer Resources Limited is the registered holder of the tenement and holds a 100% unencumbered interest in all minerals within the tenement.

Mineral tenement and land tenure status

• The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.

• At the time of this Statement M26/200 is in Good Standing. To the best of the Company's knowledge, other than industry standard permits to operate there are no impediments to Pioneer's operations within the tenement.

Exploration done by other parties

• Acknowledgment and appraisal of exploration by other parties.

• Data from earlier an announcement by the Company is referenced. This announcement was lodged on ASX on 28 November 2013, entitled Mineral Resource estimate for the Blair Nickel Mine.

Geology

• Deposit type, geological setting and style of mineralisation.

• The Blair Nickel Mine and exploration targets are Kambalda-style nickel sulphide deposits.

• The mineralisation is hosted within a suite of komatiite rock.

Drill hole

Information

• A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes, including easting and northing of the drill hole collar, elevation or RL

(Reduced Level - elevation above sea level in metres) of the drill hole collar, dip and azimuth of the hole, down hole length and interception depth plus hole length.

• If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

• Refer to Appendix 1 of this announcement.

• Assays included are considered material. Those omitted are not considered material.

Data aggregation methods

• In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.

• Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation

should be stated and some typical examples of such aggregations should be shown in detail.

• The assumptions used for any reporting of metal equivalent values should be clearly stated.

• Assays are reported as received.

Relationship between mineralisation

• These relationships are particularly important in the reporting of Exploration

Results.

• If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

• Not applicable to rock chip samples, which are point data

Criteria JORC Code explanation Commentary

widths and

intercept lengths

• If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not known').

Diagrams

• Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

• Refer to figures in this report.

Balanced reporting

• Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

• Comprehensive reporting of rock chip details has been provided in Appendix 1

Other substantive exploration data

• Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.

• All meaningful and material exploration data has been reported.

Further work

• The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).

• Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

• Traverses of stratigraphic RAB drilling and individual RC drill holes are planned.