PPX Mining is pleased to announce that on Dec 10, 2024 it signed a new assignment agreement with Proyectos La Patagonia until 2034 to operate the Callanquitas Mine in La Libertad, Peru. In addition, the Company settled all past legal claims with PLP, resetting completely its long-term working relationship. New Mining Assignment Agreement: Structured through two contracts, one that regulates the business relationship among [...]
PPX Mining is pleased to announce that a 2,222 DMT lot of sulfide ore from the Callanquitas Mine was sent to a local plant for processing 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 and frother required for processing. The first batch of concentrate, amounting [...]
PPX Mining is pleased to announce the subscription of a contract with JPC EC for the construction of leaching tanks for the 350 tn. per day beneficiation plant that the Company started to build at the Igor Project. The agreement specifies the construction and assembly of seven 23'x 20' agitation tanks, one 23'x 20' oxidation tank, and two detoxification tanks. JPC EC completed the plant's engineering in 2023-2024 to [...]
PPX Mining Corp. is pleased to announce that construction of the CIL and Flotation plant at its Igor Project located in La Libertad, Peru, has started. Yesterday, major components for the plant were ordered and are described as follows: Equipment for the crushing circuit, which includes primary jaw crusher, secondary cone crusher, vibrating screen and all conveyors. Equipment for the grinding circuit, which includes two [...]
PPX Mining Corp. announces that on October 19, 2024 it subscribed an Engineering Procurement and Construction agreement with Sertecpet de Peru S.A. to build most of PPX's 350 tpd CIL and Flotation 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 [...]
PPX Mining Corp. is pleased to announce that it closed the first tranche of the construction facility provided by its major shareholder and received gross proceeds of US$1,800,000. On September 19, 2024, PPX received its final construction permit to start building a 350 tpd CIL and Flotation plant at the Igor Project, La Libertad, Peru. The plant will process the oxide and sulphide materials mined from the Callanquitas [...]
PPX Mining Corp. is pleased to announce that yesterday it received its final construction permit for the CIL and Flotation plant that the Company is planning to build in its Igor Project, located in La Libertad, Peru . The permit was issued by the Gerencia Regional de Energia Minas e Hidrocarburos , the competent Peruvian permitting authority, under resolution number 000620-2024 issued on September 19, 2024. This final [...]
PPX Mining Corp. is pleased to announced that yesterday it filed its response to the findings provided by the Peruvian permitting authority from its detail engineering permitting application to build a CIL and Flotation plant in the Callanquitas Mine, IGOR Project. This filing constitutes the final step in the GREHM to receive its construction permit. On February 14, 2024, the Company received the initial approval from [...]
PPX Mining Corp. announces that it is extending its non-brokered private placement of up to 62,500,000 units of the Company at a price of Cdn$0.062 per Unit for gross proceeds of up to Cdn$3,875,000 , as previously announced in the Company's press release on June 17, 2024, until September 16, 2024. The Company anticipates that the Offering will consist of multiple investors, instead of a single investor as previously [...]
PPX Mining Corp. is pleased to announce that leach and flotation tests were carried out by BaseMet Labs, Kamloops, British Columbia, Canada on oxide and sulfide material obtained from Hole number CA 24-07 to determine expected recoveries and deleterious elements in the concentrate to be produced by PPX. As mentioned in previous releases, Hole number CA 24-07 from our latest exploration campaign intersected significant [...]
PPX Mining Corp. is pleased to announce that it has arranged a non-brokered private placement with a single investor of up to 62,500,000 units at a price of Cdn$0.062 per Unit for aggregate gross proceeds of up to Cdn$3,875,000 . Each Unit consists of one common share and one non-transferable common share purchase warrant . Each Warrant shall entitle the holder thereof to purchase, for a period of 24 months from the date [...]
PPX Mining Corp. is pleased to announce that on June 11, 2024, the Company received its Water Availability Accreditation for Water Use Rights, according to the Resolution No. 0613-2024-ANA-AAA.HCH issued by the Administrative Water Authority and the National Water Authority of Peru. This accreditation is the confirmation by the competent Peruvian authority that there are sufficient water resources in the area to operate [...]
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