PPX Mining works to complete plant project by year-end

Executive Summary

• PPX Mining reports that major plant equipment imported from China has arrived on site and is being stored pending assembly.
• Civil works are approximately 63 % complete, with foundations, crushing pedestals, conveyor structures and leaching area containment progressing rapidly during the dry season.
• Leaching tanks are 80 % fabricated in Lima and will be shipped to the project site; tailings‑storage geotube basin preparation has begun.

Key Details

• Equipment delivered includes two 7 × 12 m mills, a jaw crusher, a flotation line and other essential plant components.
• Transportation of equipment was coordinated by Sertecpet (PPX’s EPC contractor) beginning July 8.
• All imported equipment is currently stored on‑site for roughly four weeks before assembly starts.
• Leaching tanks fabricated under JPC Ingenieros supervision are 80 % complete and slated for transport to the construction site for final assembly.
• Civil works (crushing pedestals, mill foundations, conveyor belt structures, leaching area containment) have reached ~63 % completion.
• Preparation of the geotube storage basin for tailings has started; initial top‑soil removal phase is finished, with the first stage expected to last about 2½ months.
• CEO John Thomas stated that plant construction is progressing well and the target to complete the project before year‑end is becoming a reality.

Notable Quotes

“The plant construction is progressing well during this dry season. Civil works on key plant components, such as the mill foundation and others, are already complete. The plan to complete the project before the end of the year is becoming a reality.” – John Thomas, President & CEO, PPX Mining Corp.