PPX Announces Test of Sulfide ORE Processing
NEWS RELEASE
PPX ANNOUNCES TEST OF SULFIDE ORE PROCESSING
Toronto – December 04, 2024 – PPX Mining Corp. (TSXV:PPX | BVL: PPX) (the “ Company ” or “ PPX ”,
including its Peruvian subsidiaries) is pleased to announce that a 2,222 DMT lot of sulfide ore from t he
Callanquitas Mine was sent to a local plant for pro cessing by froth flotation. The lot also contained some
oxidized mineral with an estimated grade of 3.38 gr /tn of gold and 243.85 gr/tn of silver. Laboratory test
was carried out to establish the amount of collector (potassium amyl xanthate) and frother (MIBC) required
for processing.
The first batch of concentrate, amounting 142.05 to nes was loaded and sent for sale. The analysis of t he
concentrate was 13.40 gr/tn of gold and 1,274.31 gr/tn of silver, with an estimated yield of 8 tones of mined
material per tone of concentrate. The value of this concentrate paid by the buyer was US$1,944.54 per tone.
The rest of this material is being processed and shipped. Due to oxidation (transitioning zone from oxides to
sulfides), the average recovery to concentrate was 53.05% for gold and 75.50% for silver, in line with
management expectations. Laboratory test on sulfides with no oxidation have given gold recoveries in excess
of 90%. Ongoing testing is planned to optimize metallurgical parameters for transitional zone.
John Thomas, CEO commented “test showed that a sign ificant cash flow can be generated, even from the
transitional zone, and it is expected that a furthe r increase in recoveries can be obtained once unoxi dized
zone is reached”.
About PPX Mining Corp
PPX Mining Corp. (TSX.V: PPX.V, BVL: PPX) is a Canadian-based mining company with assets in northern
Peru. Igor, the Company’s 100%-owned flagship gold and silver project, is located in the prolific Nort hern
Peru gold belt in eastern La Libertad Department.
On behalf of the Board of Directors
John Thomas
Chief Executive Officer
82 Richmond Street East
Toronto, Ontario M5C 1P1
Canada
416-361-0737
Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts respo nsibility for the adequacy or accuracy of this
release.
Cautionary Statement
This press release contains forward-looking informa tion and forward-looking statements (collectively,
“ forward-looking statements ”) as such terms are defined by applicable securities laws, including, but not
limited to statements regarding test results, futur e plans or management estimates. Forward-looking
statements are statements that relate to future eve nts. In this context, forward-looking statements of ten
address expected future business plans and financia l performance and often contain words such as
“anticipate,” “believe,” “plan,” “estimate,” “expec t,” and “intend,”, statements that an action or eve nt
“may,” “might,” “could,” “should,” “would” or “will ” be taken or occur, or other similar expressions.
Forward-looking statements are subject to a number of known and unknown risks and uncertainties, many
of which involve factors or circumstances that are beyond the Company’s control, and the Company’s actual
results could differ materially from those stated o r implied in forward-looking statements due to many
various factors. Such uncertainties and risks include, among others, delays in obtaining or inability to obtain
any required regulatory approvals, if applicable. A lthough the Company believes that the expectations
reflected in the forward-looking statements are rea sonable, the Company cannot guarantee that the even ts
and circumstances reflected in the forward-looking statements will be achieved or occur. The timing of
events and circumstances and actual results could d iffer materially from those projected in the forwar d-
looking statements. Accordingly, one should not place undue reliance on forward- looking statements. All
forward-looking statements contained in this press release are made as of today’s date, and the Compan y
undertakes no obligation to update or publicly revi se any forward-looking statements, whether as a res ult
of new information, future events or otherwise, unless required by law.