PYX Resources Ltd.

PYX Resources Ltd. announces that with immediate effect it will increase the price of its premium zircon by US$70 to US$1,540 per tonne. The new price marks the second increase for PYX's premium zircon this year following a US$75 per tonne increase in March 2021. The decision comes as a result of supply issues in South Africa and low inventory levels in China, with both triggering a general lack of premium zircon supply [...]

PYX Resources Ltd. has experienced a strong first quarter for 2021 due to a boost in premium zircon production, strong sales volume growth, and a continuously expanding customer base. While global premium zircon supply-demand imbalances led to a price increase in March 2021 for the Company's premium zircon. In 1Q 2021 PYX sold 1,700 tonnes and produced 1,827 tonnes of premium zircon, resulting in a YoY increase on [...]

PYX Resources Ltd. announces today that it has secured new business with Fujian Sanxiang Advanced Materials Co. Fused zirconia is a crucial raw material for the production of zirconium metal, which has important applications in nuclear power and aerospace. The production of fused zirconia requires premium zircon. Currently, the majority of zircon is mined in Australia and Africa, with global production in excess of one [...]

PYX Resources Ltd. announces today that it has increased the price of its premium zircon by US$75 per tonne effective immediately. The move has been prompted by a pick-up in demand for zircon across PYX's end markets, and a current lack of supply for the mineral. At present, demand for zircon is being driven by China, as its economy shows a sustained growth, and India, as its economy recovers after the COVID-19 crisis [...]

PYX Resources Ltd. is pleased to announce that it has entered into a binding Offtake Agreement with India-incorporated Microtech Zircon. Microtech Zircon is a member of Delta Tiles, a group of companies which fall under the brand name Geo Gres. The Offtake Agreement is for a committed quantity of 3,600 tonnes of zircon over a two-year period. The negotiation for the agreement was overseen by PYX's Chairman and Chief [...]

PYX Resources Ltd. is a global mineral sands company and a leading producer of premium zircon listed on the Stock Exchange. PYX's flagship assets are the Mandiri and Tisma deposits which are located in the alluvium sediment rich region of Central Kalimantan. PYX has been in operation since 2015 at its Mandiri deposit Exploration has indicated the presence of, among other things, additional valuable heavy minerals such as [...]

PYX Resources Ltd. is pleased to announce it has completed its acquisition of the entire share capital of Tisma Development Ltd. This acquisition boosts PYX's contained zircon resources by 75% whilst is a highly accretive deal for existing PYX shareholders. The acquisition gives PYX ownership of the Tisma tenement, a world-class mineral sands asset consisting of a concession area of 1,500 hectares located in Central [...]

PYX Resources Ltd. is pleased to announce that it has entered into a Share Purchase Agreement with the shareholders of Tisma Development Ltd. to acquire 100% of its shares. The Transaction will increase the scale of the Company's activities through an excellent strategic addition to our resource base. The acquisition is a key milestone in the consolidation of the Indonesian Mineral Sands mining industry, transforming [...]

PYX Resources Ltd. is pleased to announce that it has entered into its second binding Offtake Agreement, this time with Taiwan-incorporated Euronics Inc. Euronics sells zircon, kaolin, palm oil, among other products, becoming a leading trading company into China, Japan and India. The Offtake Agreement is for a committed quantity of 4,000 tons of zircon product per annum for two years. Commenting on sealing the Offtake [...]

PYX Resources Ltd. is a global producer of premium zircon listed on the National Stock Exchange of Australia in February 2020. The company's flagship asset is the Mandiri project, located in the alluvium sediment rich region of Central Kalimantan. Boasting the world's 5th largest producing zircon project, PYX is a large scale, near surface open pit operation in production since 2015 with exploration to date indicating the [...]