About Tisma Development
Tisma operates a mineral sands asset consisting of a concession area of 1,500 hectares located in Central Kalimantan Province, Indonesia, with substantial JORC compliant inferred resource and includes, in addition to 4.5 million tons of contained zircon. On January 13th, 2021, Tisma Development was acquired by Pyx Resources. The terms of the transaction were not disclosed.
Latest Tisma Development News
Sep 19, 2023
September 19, 2023 at 02:55 am EDT Share P Y X R E S O U R C E S L I M I T E D AN EMERGING FORCE IN MINERAL SANDS Interim Results Presentation D I S C L A I M E R This presentation is not intended to be, nor should it be construed as, an advertisement or an offer or solicitation of an offer to buy, subscribe for or sell any securities in the Company or an inducement to make an offer or invitation with respect to those securities. By receiving this document, you agree to be bound by the following limitations. The information herein, or upon which opinions have been based, has been obtained from sources believed to be reliable, but no representations, express or implied, or guarantees, can be made as to their accuracy, timeliness or completeness. Although reasonable care has been taken to ensure that the facts stated in this document are accurate and that the opinions expressed are fair and reasonable, no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information and opinions contained in this document and no reliance should be placed on such information or opinions. None of the PYX Resources Limited ("PYX") or any of its respective directors, officers, employees or agents accepts any liability whatsoever for any loss, however arising, from any use of such information or opinions. Potential investors shall seek and rely on the information published by the Company on the NSX and LSE platform. The information and opinions in this document may not be current as of the date it is viewed. We do not endeavour to update any changes to the information and opinions in this document. The value of securities mentioned may go up or down, and investors may realize losses on any investments. Past performance is not a guide to future performance. Future terms are not guaranteed, and loss of capital may occur. Accordingly, potential investors are advised to seek appropriate independent advice, if necessary, to determine the suitability of this investment. Compliance Statement The Mandiri mineral sands deposit hosts a 6 Mt Inferred JORC Resource of zircon. The Company originally announced this resource in its Prospectus released on 20 February 2020 and confirms that it is not aware of any new information or data that materially affects the information included in the Prospectus. All material assumptions and technical parameters disclosed in the Prospectus that underpin the estimates continue to apply and have not materially changed. The Tisma mineral sands deposit hosts a 4.5 Mt Inferred JORC Resource of zircon. The Company originally announced this resource in its Announcement "PYX Resources Limited Agrees to Acquire Tisma Development (HK) Limited, a World-Class, Fully Licensed Mineral Sands Deposit" on NSX on 13 January 2021 and confirms that it is not aware of any new information or data that materially affects the information included in the Announcement. All material assumptions and technical parameters disclosed in the Announcement that underpin the estimates continue to apply and have not materially changed. Together the Mandiri and Tisma mineral sand deposits total 10.5 Mt of contained zircon within a total of 263.5 Mt of heavy mineral sands. 2 I SEPTEMBER 2023 I HY 2023 PRESENTATION OVERVIEW The third largest publicly traded zircon producer by zircon resources globally with 263.5Mt of inferred resources (JORC) Dual listed on the National Stock Exchange of Australia & on the Main Market of the London Stock Exchange (NSX: PYX | LSE: PYX) Two high-grade,large-scale,near-surface, open pit deposits located in the alluvium-rich region of Central Kalimantan, Indonesia: Mandiri & Tisma Focus on premium zircon, with by-products including rutile & ilmenite Defined ESG strategy focused on mining responsibly & investing in the wider communities where it operates Vision to consolidate the mineral sands resources in Kalimantan & explore/acquire mineral sands assets in Asia & beyond High demand for product HY 2023 O P E R A T I O N S & F I N A N C I A L S N A P S H O T Strong performance with increased Premium Zircon sales and production Premium Zircon Sales increased by 34% to 5.2kt (HY 2022: 3.9kt) Average price achieved of US$1,927 per tonne (HY 2022: US$2,746) Total production of 6.8kt (HY 2022: 9.2kt), a decrease of 26% attributable to the decision to focus on the production & sale of Premium Zircon due to high demand Stockpiled 8.3kt of rutile & ilmenite by-products by end June 2023 Received awards from the Government authorities in Kalimantan for Prevention and Management of COVID-19 in the Workplace and Zero Accidents Remained debt free, with a closing cash position of US$7.2 million Post period end: Received rutile & ilmenite export licence in August 4 I SEPTEMBER 2023 I HY 2023 PRESENTATION Premium Zircon production
Tisma Development Frequently Asked Questions (FAQ)
What is Tisma Development's latest funding round?
Tisma Development's latest funding round is Acquired.
Who are the investors of Tisma Development?
Investors of Tisma Development include Pyx Resources.