PPX Provides Update ON Construction Activities of Processing Plant at Igor Project
PRESS RELEASE
PPX PROVIDES UPDATE ON CONSTRUCTION ACTIVITIES OF
PROCESSING PLANT AT IGOR PROJECT
Toronto – September 24, 2025 - PPX Mining Corp. (th e “Company” or “PPX”; TSX.V: PPX; BVL:
PPX) is pleased to announce that construction of the 350 tpd CIL and Flotation plant at its Igor Project in
Peru to process gold and silver (dore and precious metal concentrate) continues at an accelerated pace ,
developing in parallel several activities such as: the installation of leach tanks, assembly of the cr ushing
line, completion of final civil works, last weeks o f earthworks in tailings and start of construction of
auxiliary works, reaching an advance of the total plant to 55%.
The Company’s EPC contractor began the assembly of the mechanical equipment in the milling area, while
working on the unfinished civil works. Likewise, JPC Ingenieros began the installation of the leach tanks.
In addition, JM&L continues with the preparation of the tailing management area to receive Geotubes. I n
addition, minor contractors continue with auxiliary components.
The photograph below shows a panoramic view of the construction of the plant as of September 20, 2025:
Installation
The EPC contractor has installed the two 7’x12’ bal l mills and jaw crusher. The mill motors and reduction
gearboxes are also in place and the ring gears installed. Several metal structures such as the cyclone tower,
fines hopper, coarse ore hopper, and conveyor belt support structures are also being assembled.
The following photograph, shows the mills:
Cyclone Support tower in the foreground with ball mills:
Leach Tanks:
The company JPC Ingenieros, a leader in the manufacture of leach tanks in Peru, has begun their assembly
at site and it can be seen that the lower sections of four tanks are in place, the supports for the ag itators
(painted blue) are also in place for two of the tanks to the left of the following photograph. These sections
will be raised on jacks and a further 3 sections welded in, to give a height of 23 feet (7 meters).
See next photograph show the leach tanks:
Tailings Management Area
The earthworks of the tailings management area are in the final stages (sufficient for the first year of
operation) and the drainage channels and collection ponds are being finished. An impermeable membrane
will be installed on the surface, together with a d rain system using perforated plastic tubes covered with
crushed stone. Geotubes will be paced on this surfa ce and filled with tailings slurry, with process wa ter
being recovered by the drainage system and recycled to the process.
Geomembrane and geotextile materials purchased from China are scheduled to arrive in early October. The
total progress to date is 65% of this first stage.
See next photograph shows the tailings management area:
Civil Works
The EPC contractor continues with the last part of the civil works, with the construction of the retai ning
wall to allow trucks to tip ore into the coarse ore hopper and the circular pedestals for the water tanks and
thickener, in addition to the bases of the desorption plant (rectangular), among others.
See photographs below - two circular water pedestals and circular thickener base:
Retaining wall under construction using mechanically reinforced earth construction:
John Thomas, CEO of PPX Mining Corp., commented: “C onstruction is progressing well, and
commissioning should start at year end”.
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 north ern Peruvian gold belt in the department of La Libe rtad.
PPX is pursuing a two-pronged strategy to further d evelop and explore Project Igor. The Callanquitas
structure is open along strike and at depth. Parall el structures have not yet been explored. The new
discoveries in Portachuelos in 2018, as well as the exploration targets in Domo and Tesoros, show that the
Igor Project is becoming a district-scale project w ith multiple deposits and mineralized zones. Evalua ting
mineral development alternatives in parallel with exploration drilling will provide dual catalysts for growth
and increased shareholder value.
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.