A region rich in mineral sands
Mandiri and Tisma – are licensed concession covering an area of 2,032 and 1,500 hectares in Central Kalimantan – are devoted to the exploration of mineral sands products and the production and export of premium 65.5 grade zircon.
With zircon inferred resources of 10.5 Mt, PYX deposits represent the largest global zircon discovery since 2012 and the world’s 2nd largest producing mineral sands deposits by zircon resources. Including zircon, Mandiri and Tisma’s heavy minerals inferred resources exceed 14.9 Mt, with substantial additional exploration potential.
Featuring zircon assemblage of 70% and a very long mine life, PYX’s deposits also benefit from much lower normalised mining costs than competitors due to the high assemblage value and low required capex associated with Indonesia’s zircon deposits.
Fostering a corporate culture imbued with strong ethics
Strong corporate governance, integrity and transparency are fundamental to PYX’s success. The Board of Directors is fully committed to fostering a corporate culture imbued with strong ethics and dedicated to follow stringent standards and compliance requirements.