Pyx Resources Limited (NSX:PYX) Operations Update H1 2021
Operations UpdateSydney, July 15, 2021 AEST (ABN Newswire) - PYX Resources Ltd (
NSX:PYX) has performed strongly in the first half of the year due to a boost in premium zircon production, sales volume growth, and ongoing price increases. During H1 2021, the Company raised its premium zircon selling price three times, resulting in a US$355 per tonne price increase during the first six months of the year.
The price increases reflect the general lack of premium zircon supply globally due to continued supply issues in South Africa and low inventory levels in China, while reduced Australian sales of Heavy Mineral Concentrate (HMC) to China have created a further void of premium zircon in the market, leading to higher customer demand and, consequently, higher market prices. Indonesian zircon prices have now reached their highest price point since 2013.
Pyx Resources Limited (NSX:PYX) Signs Binding Zircon Offtake Agreement
Signs Binding Zircon Offtake AgreementSydney, Mar 9, 2021 AEST (ABN Newswire) - PYX Resources Limited (
NSX:PYX) 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 Executive Officer, Oliver Hasler.
The execution of this third Offtake Agreement builds on PYX s commitment to rapidly grow the Company and increase its production and global sales capacity. PYX has customers all over the world, including in Indonesia, Taiwan, China, India, France, UK, France, Germany, Spain and Mexico.