Pyx Resources takes "very important step" in premium zircon
London
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November 06, 2023 12:28 PM Eastern Standard Time
PYX Resources Ltd (LSE:PYX, NSX:PYX) chief executive Oliver Hasler speaks to Proactive's Thomas Warner after the world's third-largest publicly traded zircon producer released a Q3 production update.
Hasler starts with an overview of the third quarter production figures, highlighting what he calls a "huge increase" in production speed for premium zircon and describing it as a "very important step" for the business. He goes on to say that while markets globally are "tough", Asia is currently proving to be a happier hunting ground than the main western markets.
Hasler also speaks about some major licence renewals, drawing particular attention to a 10-year renewal of Tisma mine which Pyx acquired in 2021.
He says that Pyx Resources is currently in the process of increasing its production volumes, diversifying its sales portfolio into rutile and ilmenite and drastically reducing costs.
With these goals in mind he says Pyx is doing "exactly what we said we would do since the IPO in February 2020."
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