Is the Licence renewal imminent?13 Apr 2026 21:40
‘The Board of Directors of PYX Resources Limited (UK parent) is strictly separate from the legal issues affecting its Indonesian subsidiary. As of April 2026, the company is moving forward with its 2026 production plans following a successful regulatory reset.
Production Restart and Targets
With the 2026 RKAB (Work Plan) permits now reportedly secured, PYX is focusing on a volume-driven restart strategy:
Tisma Project Launch: This site is a key driver for 2026, as it holds a long-term licence valid until 2032.
Capacity Expansion: PYX has a strategic goal to ramp up total zircon production to 50kt/yearwithin five years, with Tisma expected to reach a peak production of 50kt in its own right by 2029.
Revenue Diversification: The company is now actively exporting titanium dioxide minerals (rutile and ilmenite) alongside zircon, utilizing a ~10kt stockpile to boost immediate 2026 cash flow.’
The current suspension on the National Stock Exchange of Australia (NSX) is an administrative matter and does not involve criminal charges against the board:
The NSX suspended trading on 17 March 2026 because the company missed the deadline to file its 2025 Preliminary Financial Statements.
Trading will resume as soon as the financial statements are lodged. For context, in 2025, final results were published on 7 April; as of mid-April 2026, investors are awaiting the formal 2025 filing to trigger the release from suspension on NSX. The company continues to be listed on the London Stock Exchange under the ticker PYX which is still actively trading.