PPX Mining Corp.

Description

PPX Mining Corp. is a Canadian gold-silver producer focused on the 100%-owned Igor Project in La Libertad, northern Peru. Its Callanquitas underground mine has operated since 2021 through a contract with Proyectos La Patagonia S.A.C., with PPX currently receiving a 75% net profit interest and an expected 80% interest during the plant phase.

The investment case combines current cash generation from Callanquitas, a delayed but potentially cost-reducing 350 tpd CIL/flotation processing plant, and district-scale exploration optionality. The 2024 resource contains approximately 213,000 AuEq ounces across Measured & Indicated and Inferred categories. Additional upside comes from Callanquitas West, sulphide zones, Portachuelos, Domo and Tesoros.

List of Projects:

Project 1: Callanquitas Mine and Extensions, Igor Project, Peru — Gold-Silver-Copper / Producing flagship asset
High-grade underground oxide Au-Ag production at Callanquitas East, with Callanquitas West and sulphide-rich Tension vein providing near-mine growth potential.

Project 2: Igor Processing Plant, Peru — Gold-Silver / Processing asset under construction
Permitted 350 tpd CIL/flotation plant intended to replace third-party toll milling and potentially improve recoveries and processing costs.

Project 3: Portachuelos, Igor Project, Peru — Gold-Silver-Copper / Exploration and permitted drilling stage
Distinct breccia system south of Callanquitas with approved drilling and historical high-grade Au-Ag-Cu intercepts.

Project 4: Domo, Igor Project, Peru — Gold-Silver / Early exploration
Fault-controlled oxidized pyritic breccias, mantos and veins with limited drilling and no current MRE.

Project 5: Tesoros, Igor Project, Peru — Gold-Silver / Early exploration
Gold-bearing veins, breccias and mantos along a major fault; currently exploration optionality with no MRE.

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List of projects

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