PPX Subscribes Engineering Procurement and Construction Agreement with Sertecpet
NEWS RELEASE; TSX.V PPX; BVL PPX
PPX SUBSCRIBES ENGINEERING PROCUREMENT AND CONSTRUCTION
AGREEMENT WITH SERTECPET
Toronto – October 21, 2024 – PPX Mining Corp. (the “ Company ” or “ PPX ”, including its Peruvian
subsidiaries) announces that on October 19, 2024 it subscribed an Engineering Procurement and Construction
(“EPC”) agreement with Sertecpet de Peru S.A. (“Ser tecpet”) to build most of PPX’s 350 tpd CIL and
Flotation plant (the “Plant”) for its Igor Project, located in La Libertad, Peru.
Sertecpet will carry out the following activities:
• Additional detailed engineering.
• Site preparation and all civil works for crushing, grinding, leaching and flotation systems, including
all concrete construction.
• Equipment purchasing as specified by PPX, including all logistics and customs clearance.
• Construction materials purchasing, including all logistics.
• Mechanical installation of equipment, crushing, grinding and flotation units, including electrical and
piping works. A qualified subcontractors will suppl y and install the carbon treatment (desorption
plant).
Office buildings, workshop and accommodation will be built by other contractors, as well as, leaching tanks,
tailings storage area, water supply and power supply.
The budget of the EPC contract is US$5.7 million, p lus applicable sales taxes. The contract contemplat es
construction completion guarantees and daily penalties for late delivery.
Construction is scheduled to conclude in 12 months (turnkey basis).
About SERTECPET
SERTECPET is a multinational company with more than 33 years of experience in Projects, Operations and
Maintenance. In Latin America has strong presence in Ecuador, Peru, Colombia, Brazil and Argentina at the
Oil & Gas, Mining, Energy and Infrastructure sector s. It manufactures process equipment and executes
electromechanical assemblies; as well builds and ma intains storage tanks. Finally, it specializes in t urnkey
projects (Engineering, Procurement & Construction) for the start-up of industrial plants.
Has successfully completed several projects in both the private and public sectors. Among these projec ts,
there are several works such as the construction of crude oil production plants throughout the Amazon region,
prioritizing environmental care and local communiti es. All this has been possible thanks to SERTECPET' s
strong corporate culture, which considers its people and their safety as its main organizational asset.
It has developed a solid Integrated Quality, Enviro nmental, Occupational Health and Safety Management
System that accredits it to perform under internati onal standards: ISO 9001, ISO 14001, ISO 45001. It has
also established an Anti-Bribery Management System, certified under ISO 37001.
SERTECPET has modern industrial plants, with proces ses and continuous improvement, whose best
practices have allowed it to contribute directly to productivity and to the improvement of competitive ness
indexes in the international energy market. Its sta ndards are based on the API Q1 and Q2 norms of the
American Petroleum Institute and the ASME stamp.
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.