December 2023 Full Year Results
Sydney, Mar 15, 2024 AEST (ABN Newswire) - PYX Resources Ltd (
LON:PYX) (NSX:PYX), the world's third largest publicly listed zircon producer by zircon resources, is pleased to announce its Full Year Results for the year ended 31 December 2023 ("FY2023").
FY2023 HIGHLIGHTS
- 24% Year on Year ("YoY") increase in total sales volume to 11,350 Tonnes
- Strong revenue recorded of US$22,672k - constant YoY
- 61% YoY increase in underlying EBITDA to US$676k
- 8% YoY increase in Net Cash Position to US$7,829k
- 22% YoY increase in Premium Zircon Inventory to 17 days
- 22% YoY decrease in total personnel to 95
- 28% & 47% YoY increase in female and indigenous (Dayak) employment respectively
- ZERO total recordable injury frequency rate
- Signed UN Global Compact Annual Communication on Progress in March 2023
- Post period, the Company announced that it will start shipping ilmenite following the award of a revised exporting licence
To view the Full Year Results, please visit:
https://abnnewswire.net/lnk/7V16548G
About Pyx Resources Limited
PYX Resources Limited (NSX:PYX) (LON:PYX) is a global producer of premium zircon listed on the National Stock Exchange of Australia and the London Stock Exchange. The Company's flagship asset is the Mandiri mineral sands deposit, located in the alluvium sediment rich region of Central Kalimantan, Indonesia. Boasting the world's 5th largest producing deposit of zircon, PYX is a large-scale, near-surface open pit operation in production since 2015 and with exploration to date validating the presence of additional Valuable Heavy Minerals such as rutile, ilmenite among others within its mineral sands.
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