PYX Resources reports increase in first quarter production
May 04, 2023 at 01:19 pm
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PYX Resources Ltd (LSE:PYX, NSX:PYX) chief executive Oliver Hasler speaks to Proactive's Thomas Warner after releasing the premium zircon producer's first quarter production update. Hasler reports an increase in mineral sands and zircon production, and expresses bullish sentiment about the near-term future of the market.
He also highlights a ten-year extension to the company's Tisma mineral sands project in Kalimantan, Indonesia, which now runs until July 2032.
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PYX Resources Limited is an Australia-based mineral sands company. The Company is focused on identifying, developing and acquiring undervalued, mineral assets strategically located in countries participating in Chinaâs Belt and Road initiative that possess resources and zircon assemblage in the world. The Company's key deposits, Mandiri and Tisma, are large-scale, near-surface open pit deposits both located in the alluvium-rich region of Central Kalimantan, Indonesia. The Mandiri Deposit is a licensed concession covering an area of approximately 2,032 hectares Kuala Kurun City in the Gunung Mas Regency of Central Kalimantan, Indonesia. Mandiri Deposit is focused on the exploration of mineral sands products and the production and export of premium 65.5 grade zircon. The Tisma Project is a licensed mineral sands deposit in Central Kalimantan Province, Indonesia. The Tisma Project is a licensed mineral sands asset consisting of a concession area of 1,500 hectares.