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

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."

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For more information:

PYX Resources Limited	T: [phone] E: [e-mail]
WH Ireland Limited (Financial Adviser and Joint Broker) Harry Ansell / Katy Mitchell / Megan Liddell	T: [phone]
St Brides Partners Ltd (Financial PR) Ana Ribeiro / Isabel de Salis / Isabelle Morris	E: [e-mail]

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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