PYX - Pyx Resources takes very important step in premium zircon
(NewsDirect)
PYX Resources Ltd (LSE:PYX, NSX:PYX) chiefexecutive Oliver Hasler speaks to Proactive's Thomas Warner afterthe world's third-largest publicly traded zircon producer releaseda Q3 production update.
Haslerstarts with an overview of the third quarter production figures,highlighting what he calls a "huge increase" in productionspeed for premium zircon and describing it as a "very importantstep" for the business. He goes on to say that while marketsglobally are "tough", Asia is currently proving to be ahappier hunting ground than the main western markets.
Hasler also speaks about some majorlicence renewals, drawing particular attention to a 10-year renewal ofTisma mine which Pyx acquired in 2021.
He says that Pyx Resources is currently in the process ofincreasing its production volumes, diversifying its sales portfoliointo rutile and ilmenite and drastically reducing costs.
Withthese goals in mind he says Pyx is doing "exactly what we said wewould do since the IPO in February 2020."
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