PYX Resources moving forward toward 48,000 premium zircon production goal
London, UK
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August 17, 2023 08:02 AM Eastern Daylight Time
PYX Resources Ltd (LSE:PYX, NSX:PYX) chief executive Oliver Hasler speaks to Proactive's Thomas Warner after a busy period for the world's third-largest publicly traded zircon producer.
Hasler highlights the growth in 33% increase in production and a 34% rise in sales that were the headline figures in PYX's recently-released H1 operational update. He says that the growth reported was in line with the company's strategy of pushing towards a five-year goal of producing 48,000 tonnes of premium zircon.
He also addresses the recent granting of export licenses by Indonesian authorities for rutile and ilmenite, a potentially lucrative sideline for the business. With over 8,000 tonnes stockpiled, these exports promise substantial profit margins, boosting the company's financial standing.
Hasler also highlighted the company's dedication to sustainability, recognised by Indonesian authorities for COVID-19 prevention and zero workplace accidents in 2022. PYX Resources' next set of financial results are expected on September 13 2023.
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