- The contract award is evident of PYX’s commitment to expanding processing capacity and accelerating production growth at its world-class Mandiri asset to 24,000 tonnes (t) per year.
- PYX is a leading global producer of premium zircon. The Company has engaged in mining and processing activities on its Mandiri mineral sands deposit in Central Kalimantan, Indonesia since 2015.
- The Mandiri asset contains 6 Mt of Inferred Resources of zircon, largest discovery since 2012.
- PYX produces premium quality zircon with the highest Heavy Mineral assemblage value amongst its peers.
- Substantial upside potential embedded within the current exploration and exploration programme.