Zircon producer PYX Resources eyes secondary listing in London

(Alliance News) - PYX Resources Ltd on Monday said it will list on London's Main Market next week, though retain a primary listing in Sydney.

PYX, a zircon producer, said it will have a GBP358.4 million market value on admission. Conditional dealings in London are to begin on November 15.

"The company's strategy is to become a major and sustainable global producer of premium zircon by acquiring and developing undervalued, world-class mineral assets with significant resources, long mine life and the highest zircon assemblage globally," PYX said.

It is currently listed on the Australian Stock Exchange. It will keep a primary listing there and have a secondary listing in London.

PYX currently operates the Mandiri project in Indonesia.

The company noted demand for zircon has surged, thanks to its application in 3D printing, batteries and semiconductors.

By Eric Cunha; ericcunha@alliancenews.com

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