PYX Resources Ltd (LSE:PYX, NSX:PYX) is "doing better than originally planned" after two years of ramp-up following its IPO in 2020.
Chairman and chief executive Oliver Hasler tells Proactive that the company is now producing and selling ilmenite from its Mandiri deposit in Central Kalimantan providing "100% margins" and Hasler expects the company to break even soon.
After two years, Hasler says, good things have come for the company, and the sector is poised for further momentum with PYX's portfolio composed of safe haven assets.