PPX Mining's Igor project permitting process continues

Executive Summary

• PPX Mining Corp. has achieved two critical permitting milestones for the Igor project: approval of detailed electrical engineering and issuance of a certificate confirming no archaeological remains in the project area.
• The company plans to construct a 6.3-kilometer transmission line to connect the Igor processing plant to the public medium-voltage grid in Huaranchal, La Libertad, Peru.
• Grid connection is expected to significantly reduce operating costs by eliminating diesel-generated electricity and lower the project's environmental footprint, with construction contingent on the completion of a parallel government-led network reinforcement project.

Key Details

• Milestone 1 (Archaeological): Official letter from the Ministry of Culture dated March 3, 2026, confirming the non-existence of archaeological remains for the transmission line project (Surface No. 105-2026-DDC-LIB/MC).
• Milestone 2 (Technical Approval): Technical conformity granted by Distriluz (Hidrandina) on January 23, 2026, for a 13.8-kilovolt medium-voltage utilization system (designed for 22.9 kV) with a maximum demand of 1.5 megawatts.
• Transmission Line Specifications:
  • Length: Approximately 6.3 kilometers.
  • Route: Connects the Igor project to an authorized connection point in the district of Huaranchal, province of Otuzco, department of La Libertad.
  • Purpose: To replace diesel-generated power with grid power.
• Government Infrastructure Dependency:
  • Construction of the PPX transmission line is scheduled to commence after the reinforcement of the existing electrical distribution network to Huaranchal.
  • The reinforcement project is executed by the Peruvian government via the Distriluz Group (Hidrandina SA).
  • Project Title: "Improvement of Medium Voltage Feeders (AMTS) 13.2 kV CHA001 and CHA002 in the Districts of Charat, Usquil and Huaranchal."
  • Scope: Upgrade of approximately 50.93 kilometers of medium-voltage lines.
  • Investment: Approximately 12.25 million Peruvian soles.
  • Current Status: Initial phase (servitude clearance process) is underway.
• Economic & Environmental Impact:
  • Reduction in operating costs associated with diesel-generated electricity.
  • Improved overall energy efficiency of the Igor processing plant.
  • Reduced environmental footprint through lower fuel consumption and associated emissions.
• Operational Strategy: Initial commissioning of the plant will utilize diesel power; the objective is to complete remaining milestones to construct the dedicated transmission line to the grid connection point.

Notable Quotes

• "Connecting the Igor plant to the public electrical grid will optimize our operating costs and lower the project's reliance on diesel fuel. While the initial commissioning of the plant will utilize diesel power, our objective is to complete the remaining milestones required to construct our dedicated transmission line from the nearest grid connection point." — Ernest Mast, President and CEO, PPX Mining Corp.