Pioneer Lithium Limited (AU:PLN) has released an update.
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Pioneer Lithium Limited has initiated a focused 300-meter exploratory drilling program at the Verde Valor Rare Earth project in Bahia, Brazil, aiming to assess rare earth element concentrations in areas with radiometric anomalies suggestive of mineral-rich zones. The company’s economical drilling strategy involves 30 holes up to 20 meters deep, funded by existing capital, and is poised to potentially expand exploration based on results. The site’s proximity to infrastructure and detailed geological surveys underscore its promise for mineral discovery.
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