PYX Resources Limited (PYX) Earnings Call Transcript & Summary

Ladies and gentlemen, I would like to welcome you to the Annual General Meeting of PYX Resources Limited. The Company Secretary has advised me that a quorum of members is present, and accordingly, I declare the meeting open. My name is Oliver Hasler, Chairman and CEO of PYX Resources Limited. Joining me today are my fellow directors: Bakhos Georges; Raden Sukhyar; and Alvin Tan. Also joining me is the company's Senior Financial Officer, Queenie Tsang; Company Secretary, Louisa Martino; and Paul Mulligan of the auditor, Pitcher Partners. The purpose of today's meeting is to deal with the formal business as set out in the Notice of Annual General Meeting dated 24th of April 2025. At the close of formal business, we will answer any general questions from the floor. Every effort has been made to ensure that this virtual meeting runs smoothly for our shareholders. If we experience any technical issues today, a short recess or an adjournment may be required, depending on the number of shareholders affected. If this occurs, I shall advise you accordingly. As far as questions are concerned, the virtual meeting is being held via Zoom. Shareholders and proxyholders can ask questions through this Zoom meeting and can submit votes through the Xcend meeting platform. Questions can be submitted at any time. To ask a question, press on the Q&A icon. Please note that while you can submit questions from now on, I will not address them until the relevant time in the meeting. Kindly include the agenda item number to which your question relates. Please also note that your questions may be moderated, or if we receive multiple questions on one topic, amalgamated together. Due to the time constraints, we may run out of time to answer all your questions. If this happens, we will answer them in due course via email, posting responses on our website. All questions should be addressed to me as the Chairman. I will either deal with the questions personally or ask someone who is better placed to respond. We will do our best to answer any relevant questions raised. I ask that you keep your questions short and to the point so that as many shareholders as possible have a chance to ask a question. As far as voting is concerned, when we reach the formal business of the meeting, voting on all resolutions will be conducted by poll. Shareholders wishing to vote on the resolutions being put to the meeting can do so by signing into the Xcend meeting portal and clicking go to voting. I now declare the poll open. Online voting is now open and will remain open until I declare it closed at the end of the formal business. Your votes must have been submitted prior to the portal being closed for them to count. You have received the Notice of Meeting, detailing the business to be dealt with at today's meeting. The Notice of Meeting will be taken as read. On all items of business, where undirected proxies have been given in favor of the Chairman, I will be voting those proxies in favor of all items. The first item of business today is to receive and consider the annual report of the company, together with the reports of your directors and the auditor for the year ended 31st of December 2024. Are there any questions, comments or discussion on these reports? There is no requirement for a vote on the acceptance of the reports and, as such, we now move to the first resolution of the day, adoption of remuneration report. Resolution 1 states: "That, for the purposes of Section 250R(2) of the Corporations Act and for all other purposes, approval is given for the adoption of the Remuneration Report as contained in the Company's Annual Report for the financial year ended 31st December 2024." Proxy votes for the Resolution 1 are as shown on the screen. Is there any discussion on this resolution? I now formally move to the motion that Resolution 1 be put to the meeting in the form set out in the Notice of Meeting. As previously stated, I call a poll on this resolution. I will now move on to the next resolution, reelection of Director, Mr. Alvin Tan. Proxy votes for Resolution 2 are as shown on the screen. Is there any discussion on this resolution? I now formally move the motion that Resolution 2 be put to the meeting in the form set out in the Notice of Meeting. As previously stated, I call a poll on this resolution. You're doing good, Alvin. Approval to issue additional equity securities under NSX Listing Rule 6.25. Resolution 3 states: "That, for the purpose of NSX Listing Rule 6.25 and for all other purposes, the Shareholders approve the issue of equity securities up to 10% of the issued capital of the Company as of the date of this Notice and otherwise on the terms and conditions set out in the Explanatory Memorandum which accompanies and forms part of this Notice of Meeting." Proxy votes for Resolution 3 are as shown on the screen. Is there any discussion on this resolution? I now formally move the motion that Resolution 3 be put to the meeting in the form set out in the Notice of Meeting. I call a poll on this resolution. Adoption of securities incentive plan. Resolution 4 states: "That, for the purpose of NSX Listing Rule 6.25(3)(iv) (sic) [ Rule 6.25(2)(iv) ], the adoption of the Employee Securities Incentive Plan, and future issuance of securities thereunder, as described in Explanatory Memorandum, be approved." Proxy votes for Resolution 4 are shown on the screen. Is there any discussion on this resolution? I now formally move the motion that Resolution 4 be put to the meeting in the form set out in the Notice of Meeting. I call a poll on this resolution. And proportional takeover provision Resolution 5 states: "That, for the purpose of Section 136(2) of the Corporations Act and for all other purposes, approval is given for the Company to modify its existing Constitution by renewing clause 75 of the Company's Constitution for a period of three years from the date of approval of this Resolution." Proxy votes for Resolution 5 are shown on the screen. Is there any discussion on this resolution? I now formally move the motion that Resolution 5 be put to the meeting in the form set out in the Notice of Meeting. I call a poll on this resolution. Okay. So that concludes the last item on the agenda of the Annual General Meeting. I now open the meeting to all members to ask questions. Does anybody have questions? Well, I guess everything is clear. In a couple of minutes, I will close the voting system. Please ensure that you have cast your votes on all resolutions. I will now pause to allow you time to finalize those votes. [Voting]

The company's share registry will collate the results from the polls, including online voting recorded during the meeting. The results of the polls will be lodged on NSX and LSE shortly. I will now close the polls. Ladies and gentlemen, that concludes the business of the company's Annual General Meeting. I thank you all for your attendance, and I formally declare the meeting closed.