Pyx Resources takes "very important step" in premium zircon | News Direct

Pyx Resources takes "very important step" in premium zircon

PYX Resources Ltd
News release by PYX Resources Ltd

facebook icon linkedin icon twitter icon pinterest icon email icon London | 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."

 

Contact Details

 

Proactive UK Ltd

 

+44 20 7989 0813

 

uk@proactiveinvestors.com

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