PYX Resources Joins the Largest Sustainability Initiative in the World

PYX becomes a member of the United Nations Global Combat Initiative

HIGHLIGHTS:

·    PYX Resources joins United Nations Global Compact initiative - the largest sustainability initiative in the world

·    The initiative has over 15,000 companies and 3,000 non-business signatories based in over 160 countries, and more than 70 local networks

·    Focused on sustainability and supporting the United Nations' environmental goals

·    Membership aligns with the Company's sustainability program "PYX Cares"

PYX Resources Limited ("PYX" or "the Company") (NSX: PYX | LSE: PYX), a leading international premium zircon producer, is pleased to announce that it has joined the United Nations Global Compact initiative ("UN Global Compact"), a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices.

As part of the UN Global Compact, PYX joins the largest sustainability initiative in the world, with more than 15,000 companies and 3,000 non-business signatories based in over 160 countries, and more than 70 Local Networks.

The initiative is a call to companies everywhere to align their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to take action in support of UN goals and issues embodied in the Sustainable Development Goals (SDGs).

The membership aligns with 'PYX Cares' sustainability program based on the seventeen SDGs set out by the United Nations Development Program which include: No Poverty, Zero Hunger, Clean Water and Sanitation, Climate Action, Gender Equality, and Quality Education as some of its goals.  

'PYX Cares' is the Company's blueprint for making a meaningful difference to the communities in which it operates and achieving sustainable growth.

Oliver Hasler, PYX Resources' Chairman and Chief Executive Officer, said: "As corporates, the responsibility falls upon our collective shoulders to ensure we are doing our utmost to preserve the environment and benefit communities for generations to come. At PYX, we have long put the message of sustainability at the heart of our operations in Indonesia - whether through reforestation initiatives, protecting endangered species, unfurling COVID-19 vaccination schemes, building schools in our communities, and much more, through our 'PYX Cares' program.

"By becoming a member of the UN Global Compact initiative, which celebrates its 21^st year anniversary this year, we are taking our sustainability message to a wider audience and showing the world that our own sustainability program dovetails perfectly with the goals set out by the United Nations. It is an honour for PYX to join the UN Global Compact, and I look forward to all the positive changes we can make together."

For a full list of the United Nations SDGs and Principles please visit: https://www.unglobalcompact.org/

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For more information:

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.

About the United Nations Global Compact

As a special initiative of the UN Secretary-General, the United Nations Global Compact is a call to companies everywhere to align their operations and strategies with Ten Principles in the areas of human rights, labour, environment and anti-corruption. Our ambition is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the Sustainable Development Goals through accountable companies and ecosystems that enable change. With more than 15,000 companies and 3,000 non-business signatories based in over 160 countries, and 69 Local Networks, the UN Global Compact is the world's largest corporate sustainability initiative - one Global Compact uniting business for a better world. 

For more information, follow @globalcompact on social media and visit the website at unglobalcompact.org.

Contact:

Olajobi Makinwa, Chief Intergovernmental Relations & Africa: [email protected] or 

[email protected]