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PPX Mining Corp.

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PPX Mining Corp.

Investor website: https://www.ppxmining.com/

About

PPX Mining Corp. is a Canadian-based gold and silver mining company focused on the Igor Project in northern Peru. The company operates the Callanquitas Mine, which has been in production since 2021, and is backed by a strategic investment of $20M CAD from Glencore. PPX is advancing district-scale exploration across its mining claims, which cover over 1,400 hectares.

Verified company data

Cash position
C$26M
Shares outstanding
30000000
Fully diluted shares
1,134,581,088
Mineral resource
Measured & Indicated: 663,700 t, Au Grade: 3.80 g/t, Au Oz: 81,090 oz, Ag Grade: 137 g/t, Ag Oz: 2.923 M oz, AuEq: 4.70 g/t, AuEq Oz: 100,290 oz. Inferred: 759,000 t, Au Oz: 83,970 oz, Ag Oz: 3.818 M oz, AuEq: 8.21 g/t, AuEq Oz: 200,500 oz. AuEq is calculated using the formula AuEq oz = Au oz + Ag oz / 75, per PFS, inclusive of metallurgical recovery. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resource will be converted into mineral reserves.
Projects
["Callanquitas: An operating Au-Ag mine. The Callanquitas Structure has been continuously evaluated and expanded since the first 2008 drill hole, anchoring PPX's production today. Au/Ag mine in operation and production. Profitable in gold and silver hosted in iron oxides. Main structure 5–20 m wide, 900 m long, surface to 300–400 m depth. Location: 140 km from Trujillo · District of Huaranchal · Province of Otuzco · La Libertad, Peru. Major Components: Callanquitas Mine, Extension of Callanquitas, Portachuelos and Other Exploration Areas. Mining Claims: Over 1,400 Ha. PPX holds 409 Ha of key surface rights. Project Proximity: Lagunas Norte (10M Oz Au), La Arena (2M Oz Au), Shahuindo (1M Oz Au), Yanacocha (40M Oz Au) — ounces produced. Infrastructure: 90 km paved + 49 km unpaved + 20 km dirt access. Medium-voltage transmission line 7 km from site (Huaranchal District — project underway). Environmental & Social: Social agreements in place through 2028."]
Leadership
Ernest Mast (President and Chief Executive Officer), Andrés Osorio Anaya (Operations Manager, MBA, Mining Engineer with over 34 years of international mining experience across multiple countries. Previously held senior executive positions and served as Senior Project Consultant with BISA.), Diego Bellido (Director, Senior Glencore executive with over 15 years in global commodities trading, currently a Manager for Glencore Peru S.A.C. and holds an MBA from INSEAD.)

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