REG - PYX Resources Ltd. - Board Appointment

PYX ResourcesAnnouncement

28/11/2022 07:00

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RNS Number : 7498H  PYX Resources Limited  28 November 2022

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28 November 2022

 

Experienced Geologist with Indonesian Operational

Experience to Join the PYX Board

 

PYX Resources Ltd (PYX or the Company) (NSX: PYX | LSE: PYX), the world's
second largest publicly listed zircon producer by zircon resources(( 1 
(#_ftn1) )),  is pleased to announce the appointment of Dr. Raden Sukhyar as
a Non-Executive Director, with immediate effect.

 

Dr. Sukhyar received his Bachelor Degree in Geology Engineering from Institut
Teknologi Bandung ("ITB"), Bandung Indonesia, in 1980. In 1990 he obtained his
Doctorate Degree (Ph.D) in Earth Science from Monash University, Melbourne
Australia.

 

Dr. Sukhyar, a highly regarded geologist and Indonesian executive, has vast
experience and knowledge of operating in Indonesia, including key government
roles. He was appointed as Head of the Indonesia Geological Agency from 2008
to 2013, and as Director General of Mineral and Coal, Ministry of Energy and
Mineral Resources from 2013 to 2015. In 2016 he was appointed as adviser to
the Minister of Industry of the Republic of Indonesia until 2019. He served as
commissioners of state owned mining enterprises namely PT Timah (2002-2008),
PT Aneka Tambang (2011-2015) and PT Petamina Geothermal Energy (2006-2009). He
has been an independent commissioner of PT Vale Indonesia since 2018.  He has
previously been in charge of strategic policy making in Indonesia which
included the following roles:

·    Chairman of Mineral and Coal Mining Bill Drafting - which then became
Law on Mineral and Coal Mining No.4/2009; and

·    Chairman of Geothermal Bill Drafting - which then became Law on
Geothermal No.27/2003.

 

Dr. Sukhyar was the Chairman of Indonesia Smelters and Mineral Processing
Association from 2015 to 2017 and an adviser to professional associations such
as The Indonesia Geologists Association ("IAGI") and Indonesia Mining
Professional Association ("PERHAPI") and Indonesia Mining Association. He
chaired the Steering Committee of the Cooperating Committee for Geoscience
Programs in East and Southeast Asia ("CCOP") from 2010-2013, and currently is
an Honorary Advisor of this organization.

 

In 1991 he received the Lasut Charter Award from the Indonesia Geologists
Association.  In 2009 he was awarded the Merit Medal for Working Dedication
(Wirakarya) by the President of The Republic of Indonesia.

 

PYX Resources' Chairman and Chief Executive Officer, Oliver B. Hasler, said:

"We are delighted that Dr. Sukhyar has agreed to join the Board of PYX,
bringing over 40 years experience in the resources industry and operating in
Indonesia to the Board.  Dr. Sukhyar's technical expertise combined with his
understanding of the regulatory and policy environment in country make him the
perfect appointment to our Board. We look forward to working with Dr Sukhyar
as we accelerate our growth plans and implement our vision to become the
leading zircon producer globally."

 

 

 
***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 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 publicly traded producing mineral
sands company by zircon resources globally. Determined to mine responsibly and
invest in the wider communities where we operate, PYX is committed to fully
developing 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.

 1  (#_ftnref1) According to publicly available information during the
financial year ended December 2020

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