RCS - PYX Resources Ltd. - 'PYX CARES’ Helps to Plant 10,000 Bengkirai Trees

PYX ResourcesAnnouncement

24/10/2022 07:00

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RNS Number : 7759D  PYX Resources Limited  24 October 2022

 

 

24 October 2022

'PYX CARES' Initiative Helps to Plant 10,000 Bengkirai Trees

 

PYX Resources Limited (NSX: PYX | LSE: PYX), a leading international premium
zircon producer, has made another valued contribution to Indonesia's efforts
in the preservation of nature as part of its "PYX Cares" initiative.

 

On July 20, 2022, PYX Resources, alongside four representatives of the
Department of Environment, Forestry, and Transportation of Gumas Regency,
carried out a symbolic planting ceremony of 10,000 Bengkirai trees. The event
took place at PYX's mine area in Tumbang Lampahung, Indonesia, and signifies
the company's commitment to complying to the advice of the Department of
Environment, Forestry, and Transportation, and the company's commitment to
social responsibility.

 

 

The PYX team and local supporters celebrate successfully planting trees

 in the Tumbang Lampahung region of Indonesia.

 

 

 

PT Investasi Mandiri team during the planting process

 

On this occasion, the management and staff of PYX Resources planted a total of
40 Bengkirai trees in contribution to the preservation of nature in the area.
The Bengkirai tree, otherwise known as the Yellow Balau tree, is typically
found in the tropical forests of Borneo, the Philippines and Malaysia. The
presence of trees increases the absorption of carbon emissions and helps to
combat the issue of global warming.

 

Inspiration for "PYX Cares" came from the Sustainable Development Goals (SDGs)
set out in the United Nation's Development Programme. The initiative is the
Company's blueprint for making a positive impact at the locations where it
operates and is critical to achieving sustainable growth. At PYX, it is
understood that long-term goals can only be achieved if strong, mutually
beneficial relationships are forged with local people, and if operations are
carried out responsibly.

 

The head of the PPLH Arrangement and Compliance Division, Ipana, said: "My
party was invited by PYX Resources so to witness the implementation of the
company's reforestation programme. We appreciate that one of the company's
programmes cares about the environment. Planting trees is a form of human care
and love for the earth. With good trees and forests, it will also provide good
welfare for humans"

 

Chairman and Chief Executive Officer of the company, Oliver Hasler, said: "PYX
understands it has a social and moral responsibility as a company to look out
for and preserve the environment in which it operates. We are dedicated to the
implementation of strategies and programmes like 'PYX Cares' to always conduct
our operations in a symbiotic manner that is beneficial for the region and the
local community. I look forward to bringing more news of our PYX Cares
initiative to our shareholders in due course as ESG continues to be a priority
for the Company."

 

*** ENDS ***

For more information:

 

 PYX Resources Limited                                    T: +61 2 8823 3132

                                                          E: ir@pyxresources.com (mailto:ir@pyxresources.com)
 WH Ireland Limited (Financial Adviser and Joint Broker)  T: +44 (0)20 7220 1666

 Harry Ansell / Katy Mitchell / Megan Liddell

 St Brides Partners Ltd (Financial PR)                    E: pyx@stbridespartners.co.uk (mailto:pyx@stbridespartners.co.uk)

 Ana Ribeiro / Isabel de Salis / Isabelle Morris

This announcement is authorised for release by Oliver B. Hasler, Chairman and
Chief Executive Officer.

 

About PYX Resources

 

PYX Resources Limited (NSX: PYX, LSE: PYX) is a major global producer of
premium zircon dual listed on the National Stock Exchange of Australia and on
the Main Market of the London Stock Exchange. PYX's key deposits, Mandiri and
Tisma, are large-scale, near-surface open pit deposits both located in the
alluvium-rich region of Central Kalimantan, Indonesia. PYX, whose Mandiri
deposit has been in production since 2015, is the 2nd largest zircon producing
mining company globally by zircon resources. Determined to mine responsibly
and invest in the wider communities where we operate, PYX Resources is
committed to fully develop its Mandiri and Tisma deposits, with the vision to
consolidate the mineral sands resources in Kalimantan and explore and acquire
mineral sands assets in Asia and beyond.

 

 

 

 

 

 

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