Oliver B Hasler, executive chairman of PYX Resources , presents 1H24 Results. Watch here ▶ https://lnkd.in/e4svGjek Oliver Hasler, executive chairman of PYX Resources Ltd (NSX:PYX, LSE:PYX), the world's third largest publicly listed zircon producer by zircon resources, discusses the results for the six months ended June 30th 2024 Financial highlights include: - 84% increase in total mineral sands sold to 9.5kt - 28% reduction in cash cost of production to US$6.4m - Underlying EBITDA up 457% to US$732k - Maiden positive reported EBITDA since listing - Robust balance sheet with US$7.5m cash and no debt In this interview, investors will also learn: - How several operational improvements were achieved during the period, including the switch to electricity, which reduced operating costs by c.80% - How much the unusually heavy rain and the collapse of an access bridge to the mine impacted operations during the period - Why the company’s Kalimantan sands are highly sought after - Why Oliver remains positive about the medium to long term pricing of zircon - Why PYX believes positive EBITDA will now increase year on year - Why the Balance strengthened during the period - How the company intends to increase production in the second half - Why PYX is looking in Kalimantan for other strategic deposits across Indonesia Reasons to add PYX Resources to your watchlist: - PYX Resources is the 3rd largest publicly listed premium zircon producer - Key assets at Mandiri and Tisma, are large-scale, near-surface open pit deposits - Indonesia operates a stable and favourable regulatory environment - Demand for Zircon is set to outstrip supply with Titanium dioxide a valuable byproduct - PYX is one of the few companies that can export titanium and ilmenite ore directly from Indonesia - PYX has a strong sustainability programme with Zircon/titanium dioxide now classed by many national Governments as a critical mineral for Carbon Zero targets - Maiden positive EBITDA for 1H24 and a strong balance sheet with net Cash of US$7.6m - Actively looking for opportunities to acquire additional mineral sands projects in Indonesia, while also focusing on increasing current production capacity Oliver Hasler, Chairman & CEO of PYX Resources, was interviewed by Sarah Lowther for focusIR. #PYX #Zircon #Indonesia
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Blackbird CEO, Ian McDonough, presents ‘enormous’ opportunities for flagship platform elevate.io
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News that Sovereign Metals has successfully installed the spiral plant at their expanded lab facilities in Lilongwe, Malawi, means training for the local Malawian employees on industrial scale machinery can commence. Sapan Ghai Stifel Financial Corp. SP Angel Burson Buchanan #SVML #SVMLF #Mining #Investing #Rutile #Graphite
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Receipt of the updated export license by PYX Resources means export of premium rutile can commence imminently. Shares ⬆️ 5% in early trading. Oliver B Hasler Zeus Katy Mitchell Darshan Patel St Brides Partners LtdAna Ribeiro Isabel de Salis #PYX #Zircon #MineralSands #Mining
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Graphite: Series1; Episode 5; Net Zero Mining Project In this fifth episode, in our six-part Introduction to Graphite series, Mike Ralston CEO of Blencowe Resources, continues our look at the sought-after material and discusses the environmental credentials of the Orom-Cross Graphite Project in Uganda. Watch the video here ▶ https://lnkd.in/eex_vVmC In the video, investors will learn: - Why ESG is so important to extraction companies in general and Blencowe in particular - Some of the Net Zero initiatives the Company is putting into place at Orom-Cross - How the Company is keen to set up a blueprint for how mining companies should act - Why these initiatives are key to securing offtake and funding partners Reasons to follow Blencowe Resources: - Developing World Class graphite deposit in Uganda; estimated deposit 2-3 billion tonnes graphite, near-to-surface. - Pre-Feasibility Study (2022) indicates long-life, high margin, low CAPEX mining operation with a post-tax NPV8 of US$482M. - 21 year Mining License awarded in 2019 and all other permits in place - US$5M grant awarded by Development Finance Corporation, a tier one US financial institution, to co-fund DFS and provide a project funding solution ahead - DFS underway, Phase 2 metallurgical test work completed, bulk sample testing in China underway - Strong Government and local community support - East African graphite considered as premier grade worldwide. Substantial percentage of higher value large flake product. - Feasibility Studies underway for downstream beneficiation in-country to deliver higher weighted average sale price. - First production targeted 2025 To keep up to date with developments at BRES, add them to your watchlist. #Graphite #BRES #Mining
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BSF Enterprise has had a busy year with several sales and partnership agreements announced during the period including a sample agreement with a multinational leather fashion house and a Fortune 500 pharmaceutical supplier. #BSFA #Biotech #Fashion
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Initial results (10/20) at the Brandberg West Project for Andrada Mining show all drill holes intersected mineralisation representing the primary metals of interest > tin ("Sn"), tungsten ("W") and copper ("Cu"). #ATM Anthony Viljoen Berenberg Capital Markets Hannam & Partners Tavistock #tin #tungsten #copper #namibia
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Submit your questions here for PYX Resources ' Oliver B Hasler, CEO, to address in the forthcoming results presentation - https://bit.ly/3z11Efp #PYX #Mining #Indonesia
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Greatland Gold has announced a "Transformative Acquisition" of the remaining JV shares of Havieron & 100% of Telfer, for a total consideration of up to US$475m and announced an underwritten US$325m Institutional Placing and Proposed Retail Offer up to US$9m at 4.8p. Shares resumed trading this am at 5.25p. #GGP #mining #Acquistion SPARK Advisory Partners Gracechurch Group
