PPX Mining Continues Advancing Construction of Its GOLD and Silver Processing Plant
PRESS RELEASE
PPX MINING CONTINUES ADVANCING CONSTRUCTION OF ITS
GOLD AND SILVER PROCESSING PLANT
Toronto – November 12, 2025 – PPX Mining Corp. (TSX .V: PPX; BVL: PPX, the “Company” or
“PPX”) is pleased to announce that construction of PPX Min ing’s processing plant continues to advance
steadily, with major milestones achieved across all operational areas. Civil works for the leaching zone are
complete and tank installation is underway, while c rushing and milling components are nearing full
assembly with equipment largely on site. Fabricatio n of reagent tanks and flotation equipment has been
finalized, with installation progressing on schedul e. Desorption units, geotube tailings infrastructur e, and
key laboratory facilities are currently under const ruction, supported by the arrival of geotextile mat erials
and laboratory instruments. Complementing these eff orts, the Company has commenced the construction
of auxiliary works, including a 200-square-meter an alytical/metallurgical laboratory and the first 370 -
meters of reinforced concrete security perimeter wall, both expected to be completed by year-end.
Leaching Area
The civil works for the leaching area have been com pleted, and the installation of tanks, managed by J PC
Ingenieros, has begun. All metal-mechanical materials are 100% purchased and delivered to site. Welding
and assembly of the first four tanks are being fina lized, while the bases for the remaining four tanks are
underway, with completion expected by mid-December.
Images 1: Leaching tanks installation and assembly progress
Images 2: Leaching tanks installation and assembly progress
Images 3: Leaching tanks installation and assembly progress
Crushing Area
All equipment has been fabricated, and the majority is already on site, except for the fine ore hopper, which
is currently being transported from Lima to the project site. The containment wall for the coarse ore hopper
has been redesigned and will now be built in reinforced concrete.
Image 4: Fine ore hopper ready for shipment from Lima
Milling Area
Both mills have been installed and aligned, includi ng their drive systems. Installation of the pump bo xes
for mill discharge and the associated pumps is in p rogress. The level control system for the pump feed
boxes has been ordered and is pending delivery. The cyclone tower and both cyclone assemblies are now
in place. Measurements of the mill liners have been taken for local fabrication of spare parts in Peru.
Image 5: Mills with installed pump boxes
Reagent Preparation Area
All civil works have been completed, and all reagen t supply pumps are on site. The largest reagent
preparation tanks have been fabricated and are being transported to the project.
Image 6: Completed fabrication of main reagent tanks for cyanide and flocculant preparation
Flotation Area
All equipment has been delivered to site, and civil works for the flotation cells are in progress. The
concentrate thickener installation is approximately 50% complete, and the filter press foundations hav e
been completed, with installation now underway.
Image 7: Flotation area and thickener installation progress
Desorption Area
All desorption equipment has been fabricated in Lima and will be transported to site once the ongoing civil
works are completed.
Images 8: Completed Electrowinning Cells,
Image 9: Gas Extractors Production Completed
Image 10: Metallic Bases for Desorption Plant
Geotube Tailings Storage Area
The earthworks are finished, and the installation of the drainage system is about to begin. The first shipment
of geotextiles and geomembranes, purchased from Chi na, has arrived in Peru and is being transported to
the project site.
Image 11: Transport of Geotextiles from Callao Port to Site
Metallurgical Laboratory
Major laboratory equipment has been purchased and is awaiting completion of the civil works, which began
last week. The laboratory structure will be built with drywall and concrete, and is currently in the foundation
and slab preparation stage. The facility will cover 200 m² and will analyze both plant and mine samples.
Image 12: Construction of concrete slab and sanitary installations for laboratory
Security Perimeter Wall
The first 370 meters of prefabricated concrete wall have been installed, representing 20% completion of the
total perimeter. The wall is expected to be fully completed by year-end.
Images 13: Perimeter Wall Construction Progress
Images 14: Perimeter Wall Construction Progress
John Thomas, CEO of PPX Mining Corp. commented: “The ongoing progress we are achieving at the Igor
Plant reflects the dedication of our entire team an d our commitment to transforming PPX into a fully
integrated gold producer. Construction is advancing across all key areas, from leaching and milling to
auxiliary facilities, ensuring that every component meets the highest technical and environmental standards.
This is an important phase for PPX as we build the foundation for future gold and silver production growth
and create lasting value for our shareholders, employees, and local communities.”
About PPX Mining Corp:
PPX Mining Corp. (TSX.V: PPX.V, SSE: PPX, BVL: PPX) is a Canadian exploration and development
company with assets in northern Peru. The Company's 100% owned Igor gold and silver project is located
in the prolific northern Peruvian gold belt in the department of La Libertad. PPX is pursuing a two-pronged
strategy to further develop and explore Project Igor. The Callanquitas structure is open along strike and at
depth. Parallel structures have not yet been explored. The new discoveries in Portachuelos in 2018, as well
as the exploration targets in Domo and Tesoros, sho w that the Igor Project is becoming a district-scal e
project with multiple deposits and mineralized zone s. Evaluating mineral development alternatives in
parallel with exploration drilling will provide dual catalysts for growth and increased shareholder value.
All scientific and technical information in this pr ess release has been reviewed and approved by John
Thomas, P. Eng., who is the CEO of the Company and a qualified person under the definitions established
by National Instrument 43-101.
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 Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accept s responsibility 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, future plans or management estimates. Forward-looking statements are
statements that relate to future events. In this context, forward-looking statements often address expected future
business and financial performance and often contain words such as “anticipate,” “believe,” “plan,” “e stimate,”
“expect,” and “intend,”, statements that an action or event “may,” “might,” “could,” “should,” or “wil l” be taken
or occur, or other similar expressions. Forward-loo king statements are subject to a number of known an d
unknown risks and uncertainties, many of which invo lve factors or circumstances that are beyond the
Company’s control, and the Company’s actual results could differ materially from those stated or impli ed in
forward-looking statements due to many various fact ors. Such uncertainties and risks include, among ot hers,
delays in obtaining or inability to obtain required regulatory approvals in connection with this trans action.
Although the Company believes that the expectations reflected in the forward-looking statements are reasonable,
the Company cannot guarantee that the events and ci rcumstances reflected in the forward-looking statem ents
will be achieved or occur. The timing of events and circumstances and actual results could differ mate rially
from those projected in the forward-looking stateme nts. Accordingly, one should not place undue relian ce on
forward- looking statements. All forward-looking st atements contained in this press release are made a s of
today’s date, and the Company undertakes no obligat ion to update or publicly revise any forward-lookin g
statements, whether as a result of new information, future events or otherwise, unless required by law.