Source - Alliance News

PYX Resources Ltd - Sydney-based zircon producer - Begins production and sales of ilmenite from its Mandiri deposit in central Kalimantan on the island of Borneo. Company expects feedstock demand to exceed supply.

Chair & Chief Executive Oliver Hasler says: ‘PYX Resources is extremely pleased to have started the production of ilmenite, which is an important component of our strategic plan. Together with our premium zircon, rutile and ilmenite we will better serve our customers around the world and have an important impact to our profitability.’

Current stock price: 65.60 pence, up 7.5% on Monday

12-month change: down 34%

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