Meet the Team

PPX Mining Corp. (TSX.V: PPX.V, BVL: PPX) is a Canadian-based mining company with assets in northern Peru. Igor, the Company’s flagship gold and silver project, is located in the prolific Northern Peru gold belt in eastern La Libertad Department. PPX is operating the Callanquitas Mine (“Mina Callanquitas”) exploiting high grade, underground-minable oxidized gold and silver ore as part of a 75% JV with Proyectos La Patagonia S.A.C. The company published resources in 2024 that comprised 663,700 tonnes of Measured and Indicated at 4.7 g/t AuEq and 759,900 tonnes of Inferred at 4.63 g/t AuEq in a 2024 resource update. Since 2021 up to September 2025, the company has produced 47,500 ounces of gold and 452,000 ounces of silver via contract mining and third party toll milling. The mine currently produces at a rate of approximately [NNN] tonnes/day with ore being processed at toll milling facilities. The company is in the process of building its own mill close to the mine and upon doing so will decrease its operating costs, increase JV ownership to 80% and improve recoveries.

PPX plans to accelerate its exploration program at Igor in order to fully evaluate the resource potential of the entire Igor project area. The company obtained a $20 million CAD investment from Glencore with $15 M destined for exploration. The Callanquitas structure is open along strike and at depth, parallel structures are unexplored. Portachuelos is under-explored, and coupled with the Domo and Tesoros exploration targets, emphasize that the Igor Project is evolving into a district-scale project with multiple deposits and mineralized zones.

*AuEq is calculated as follows: AuEq ounces = Au ounces + Ag ounces/75. Per PFS, inclusive of metallurgical recovery.