Oliver Hasler, Chairman and CEO of PYX Resources (NSX: PYX | LSE: PYX), the world's third largest publicly listed zircon producer by zircon resources, explains the significance of receipt of the modified rutile export licence from the Ministry of Trade of Indonesia and how it will have a positive effect on EBITDA.

In this interview, investors will learn:

- Why PYX can start exporting rutile with a higher grade than 90%

- How the company has identified potential customers for the mineral

- How the modified licence is proof that the relationship with the Ministry of Trade is strong with PYX being one of the first to obtain a rutile export licence

- How the modified rutile export licence will have a positive impact EBITDA

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 target

- 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.