PYX Resources

Website: www.pyxresources.com
Primary ticker: NSX:PYX
Stage of development: Exploration, Development, Production
Commodity: Mineral Sands, Zircon
Project to promote: Mandiri Project in Kalimantan
Project location: Indonesia
Company presentation: click here

Financial Data 

Share Price: AUD$0.54
Shares Outstanding: 267.8M
Market Cap: AUD$144.6M
Year High:
AUD$0.54
Year Low: AUD$0.32
Debt: Nil

* figures correct as of 26/06/2020

Major shareholders:
Phoenix Fund Solutions
Takmur SPC
Management & Board – 0.018%

PYX Resources is a leading global producer of premium zircon. The company engages in mining and processing activities on its Mandiri mineral sands deposit in Central Kalimantan, Indonesia since 2015. Pyx’s Mandiri deposit represents the largest zircon discovery since 2012. It produces premium quality zircon with the highest value assemblage amongst Pyx’s peers.

 

Management Profile

Oliver B. Hasler – Chairman & CEO

An accomplished CEO, President and Board Member, Mr. Hasler successfully led several world-class businesses and brands spanning multiple industries and markets across natural resources, agribusiness, advanced manufacturing and various industrial sectors globally. Named a Top 50 CEO’s in Spain by Forbes magazine, Mr. Hasler has a proven track record in delivering shareholder value by improving existing operations; creating new businesses and brands; crafting creative, synergistic mergers and acquisitions; and assuming a leadership role in start-ups and divestments for listed companies, private equity-funded and family-owned businesses.
Most recently, he successfully oversaw the three-year transformation of Europac from a small, publicly-traded Spanish firm (Papeles y Cartones de Europa S.A.) into a mid-cap international firm, tripling its share price from €5.28 to €16.80 (as of the close on January 25, 2019) before selling it for US$2 billion. Amongst other major assignments, Mr. Hasler redefined the strategy of Douwe Egberts’ professional division, headquartered in the Netherlands and its joint venture with U.S.-based Mondelez, and led the restructuring of France’s Arc International.

For more than 20 years, Mr. Hasler has been doing business in China, where he built and operated several factories while setting up national distribution networks and managing significant import/export activities.

A Swiss citizen, Mr. Hasler holds a degree in Materials Engineering and a Master in Metallurgy from the Federal Institute of Technology in Zurich, Switzerland and an MBA with honours from the Universidad Iberoamericana in Mexico City. He is fluent in English, German, Spanish and French.


What is your rationale for attending 121 Mining Investment?

121 Mining Americas provides the opportunity to introduce our company to institutional investors, family office and private investors.


What do you think makes your company such a compelling investment?

Significant share price upside potential

Analyst Insight – provided by Independent Investment Research

PYX Resources is an NSX-listed leading global producer of premium zircon. The company engages in mining and processing activities on its Mandiri mineral sands deposit in Central Kalimantan, Indonesia, which has operated since 2015. The company acquired the project during H2 2019.

Mandiri is a licensed concession covering an area of 2,032 hectares in Central Kalimantan and is devoted to the exploration of mineral sands products and the production and export of premium 65.5 grade zircon. With zircon inferred resources of 6.0 Mt, Mandiri represents the largest global zircon discovery since 2012 and the world’s fifth-largest producing mineral sands deposit. Including zircon, Mandiri’s heavy minerals inferred resources exceed 9.4 Mt, with substantial additional exploration potential across the Mandiri tenement.

The Mandiri tenement still offers substantial upside as only 46% of its area has been explored, and it is still possible to define additional resources below the water table within the area where existing resources have been defined.