The Assay TV catches up with Oliver Hasler, Chairman, and CEO of PYX Resources (NSX: PYX | LSE: PYX), a major and sustainable global producer of premium zircon, located in the alluvium-rich region of Central Kalimantan, Indonesia.
The company has recently received its licence for the export of rutile and ilmenite ores after a change in Indonesian law. PYX has been stockpiling the materials and has accumulated 8.2kt of rutile and ilmenite.
Oliver highlights that future titanium dioxide sales will have a significant positive impact on PYX’s finances since the company has been absorbing all costs with its production of zircon. The company expects to publish its financial results on 13 September this year.
Website: pyxresources.com
Primary ticker: NSX:PYX, LSE:PYX
Stage of development: Exploration, Development, Production
Commodities: Mineral Sands, Premium Zircon, Titanium, Rutile and Ilmenite
Projects to promote: The Mandiri and Tisma Tenements
Project location: Indonesia
