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PPX Mining Corp.

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PPX Mining Corp.

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

About

PPX Mining Corp. (TSX.V: PPX.V, BVL: PPX) is a Canadian-based mining company with assets in northern Peru. The company's flagship project, Igor, is located in the prolific Northern Peru gold belt in the La Libertad Department. PPX operates the Callanquitas Mine, which produces high-grade, underground-minable oxidized gold and silver ore as part of a 75% joint venture with Proyectos La Patagonia S.A.C. The company is also advancing district-scale exploration across multiple deposits and mineralized zones.

Verified company data

Cash position
C$26M
Shares outstanding
30000000
Fully diluted shares
1,134,581,088
Mineral resource
NI 43-101 compliant resource estimate prepared by Mining Plus of Lima, Peru and Toronto, Canada. | Category | Tonnes | Au Grade | Au Oz | Ag Grade | Ag Oz | AuEq | AuEq Oz | | --- | --- | --- | --- | --- | --- | --- | --- | | Measured & Indicated | 663,700 t | 3.80 g/t | 81,090 oz | 137 g/t | 2.923 M oz | 4.70 g/t | 100,290 oz | | Inferred | 759,000 t | — | 83,970 oz | — | 3.818 M oz | 8.21 g/t | 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
["The Igor Project, in La Libertad.Northern Peru.the Andes.the gold belt.\n\nAn operating Au-Ag mine plus three district areas, in the Western Cordillera of the Andes — 140 km from Trujillo, in the District of Huaranchal, Province of Otuzco.\n\n1,400+ Ha4 Districts1 Operating MineGlencore-Backed\n\nWhere We Operate\n\nIgor is located in northern Peru in the Western Cordillera of the Andes — in the District of Huaranchal, Province of Otuzco, Department of La Libertad.\n\nTrujillo, a city of some 800,000 inhabitants and the capital of La Libertad, serves as the point of departure when travelling to the project. Trujillo is 560 km from Lima — a seven-hour drive or one-hour flight. Igor sits 140 km from Trujillo.\n\nThe footprint, in numbers.\n\n01\n\n0 km\n\nFrom Trujillo, La Libertad\n\n02\n\n0+ Ha\n\nTotal Mining Claims\n\n03\n\n0 Ha\n\nKey Surface Rights\n\n04\n\n0\n\nProject Districts\n\nProject Districts\n\nFour districts. One operating mine. District-scale upside.\n\nThe Igor Project consists of four major components — Callanquitas anchors production today; the surrounding districts represent the multi-year exploration upside.\n\n01Callanquitas02Extension Callanquitas03Portachuelos04Other Exploration Areas\n\n01 · In Production\n\nCallanquitas\n\nAn operating Au-Ag mine. The Callanquitas Structure has been continuously evaluated and expanded since the first 2008 drill hole, anchoring PPX's production today.\n\n- Au/Ag mine in operation and production.\n- Profitable in gold and silver hosted in iron oxides.\n- Main structure 5–20 m wide, 900 m long, surface to 300–400 m depth.\n\nAttributes & details.\n\nA snapshot of location, components, claims, neighbours and infrastructure for the Igor land package.\n\nLocation140 km from Trujillo · District of Huaranchal · Province of Otuzco · La Libertad, Peru.\n\nMajor ComponentsCallanquitas Mine, Extension of Callanquitas, Portachuelos and Other Exploration Areas.\n\nMining ClaimsOver 1,400 Ha. PPX holds 409 Ha of key surface rights.\n\nProject ProximityLagunas Norte (10M Oz Au), La Arena (2M Oz Au), Shahuindo (1M Oz Au), Yanacocha (40M Oz Au) — ounces produced.\n\nInfrastructure90 km paved + 49 km unpaved + 20 km dirt access. Medium-voltage transmission line 7 km from site (Huaranchal District — project underway).\n\nEnvironmental & SocialSocial agreements in place through 2028."]
Leadership
Ernest Mast (President and Chief Executive Officer), Diego Bellido (Director, Senior Glencore executive with over 15 years in global commodities trading, currently Manager for Glencore Peru S.A.C. and Glencore Lima Trading S.A.C., holds a Bachelor's in Business Administration and an MBA), Dr. John Thomas (Chief Operating Officer), Andrés Osorio Anaya (Operations Manager, MBA, Mining Engineer with over 34 years of international mining experience, previously held senior executive positions and served as Senior Project Consultant with BISA).

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