Slide 1: Discovery and Development: Tomorrow's Future
Discovery and Development: WWW.PPXMINING.COM TSX.V: PPX Tomorrow's FutureBVL.PPX
Slide 2: Forward Looking Statements and Cautionary Disclaimer
Forward Looking Statements and Cautionary Disclaimer Except for the statements of historical fact contained herein, the information presented constitutes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve k
Slide 3: Our Vision
Our Vision: • 1) Aggressively explore our Igor Project in northern Peru • Grow existing 730,500 Au Eq ounce resource at Callanquitas* • New large, shallow low-grade discovery at Portachuelos • Drilling to begin at Tesoros • Igor is evolving into a multi-deposit district scale project • 2) Advance Mi
Slide 4: Discovery and Development
Discovery and Development: Exploration Drilling Unveils a District-scale System: • Thick, high grade intercepts define open mineralized shoots at Callanquitas: 12.6m at 8.34 gpt Au, 207 gpt Ag (11.10 gpt Au Eq) in CA-17-86 • Portachuelos: Discovery of large scale low-grade breccia zone : CA-18-94 cu
Slide 5: Upcoming Milestones
Upcoming Milestones • Complete ten year community agreements to allow underground mine Q1 2018 exploitation and exploration - DONE • Receive permits to construct heap leach processing facility designed for future expansion – In Process Q2 2018 • Complete PFS, update resource estimate, outline the ec
Slide 6: La Libertad Department Northern Peru: A Top Tier Mining Jurisdiction
La Libertad Department Northern Peru: #1 Gold Producer in Latin America #2 Silver Producer in the World A Top Tier #6 Gold Producer in the World #2 Copper Producer in the World #3 Zinc and Tin Producer in the World Mining Jurisdiction WWW.PPXMINING.COM TSX.V: PPX BVL.PPX 6
Slide 7: IGOR Geologic Setting
IGOR Geologic Setting • Au and Ag mineralization hosted by Cretaceous sedimentary rocks along high angle structures and by large, thick breccia zones. • Association with Miocene age porphyry system supports large scale target concept • Over 7,400 meters of mineralized structure, host to high grade A
Slide 8: IGOR: Multiple Au-Ag Deposits in a District-Scale System
IGOR: Multiple Au-Ag Deposits in a Domo District-Scale System 3800 Metres Callanquitas Portachuelos Tesoros Village Igor 2900 Metres WWW.PPXMINING.COM TSX.V: PPX BVL.PPX 8
Slide 9: Total Land Package 1300 Hectares
Total Land Package 1300 Hectares Underground development and Village Callanquitas test mining Callanquitas Domo Village Igor Portachuelos Tesoros Existing Inferred Resources: 7.2 mt at 1.94 gpt Au and 71.8 gpt Ag (3.16 gpt Au Eq) containing 730,500 oz Au Eq* *Please see Technical Report, amended Sep
Slide 10: Igor: A New District Unfolds in Northern Peru
Igor: A New District Unfolds in Northern Peru WWW.PPXMINING.COM TSX.V: PPX BVL.PPX 10
Slide 11: Phase One Drilling Results
Phase One Drilling Results: • New high grade shoot discovered on section NW4780 (CA-17-87): 5.5m grading 8.46 gpt Callanquitas Au and 104 gpt Ag (9.85 gpt Au Eq) • Thick intercept of high grade along section NW4690 (CA-17-86): 12.6m grading 8.34 gpt Au and 207 gpt Ag (11.10 gpt Au Eq) • New thick lo
Slide 12: Portachuelos Discovery: Confirms the District-Scale Potential of Igor
Portachuelos Discovery: Confirms the District-Scale Potential of Igor • Portachuelos is a new discovery, previously undrilled, located over 800 metres south of the Callanquitas resource • Mineralization has been traced by drilling over a strike length of at least 1000m, to depths of >300m and has a
Slide 13: Portachuelos Discovery
Portachuelos Discovery • Drill hole CA-18-94, intercepted 40.2 metres grading 1.18 40.2m @ 2.72 gpt Au gpt Au and 115.4 gpt Ag (2.72 gpt Au Eq.) at a vertical Eq depth of only 25 metres • CA-17-94, has a high grade core: 6.0 metres grading 5.77 gpt Au, 443.8 gpt Ag, (11.77 gpt Au Eq). Individual ass
Slide 14: Callanquitas Long Section
Callanquitas Long Section CA-17-88 opens up NW4870 & N4925 CA-17-85 1.9m @ 9.74 gpt Au Eq Open Open Open Open Open Open Drilling has defined a northerly rake to higher Au and Ag grades (“shoots”), demonstrating grade continuity, and opened up multiple areas for resource expansion (contoured Au Eq*m)
Slide 15: Callanquitas Section NW4690
Callanquitas Section NW4690 • Drilling on section NW4690 confirms thickness, grade and geometry of high grade mineralized shoot: 12.6m grading 8.34 gpt Au and 207 gpt Ag (11.10 gpt Au Eq) including 3.3m grading 27.72 gpt Au and 242 gpt Ag (30.97 gpt Au Eq) • Individual assays within this intercept r
Slide 16: Exploration Target: Domo
Exploration Target: Domo • Northeast-trending structures and related mantos host high grade gold and silver mineralization. • Surface sampling includes over 25 high grade channel samples that range in grade from 16.0 to 50.4 gpt Au • Historic drilling cut 2.8m grading 12.6 gpt Au, 303 gpt Ag (16.6 g
Slide 17: Exploration Target: Tesoros
Exploration Target: Tesoros • Seventeen historic drill holes totaling 1769m were completed at Tesoros, an area of historic production dating to the Colonial era • Significant drill intercepts: • 2.0m grading 8.0 gpt Au and 113 gpt Ag (drill hole 7A) • 75.2m grading 3.1 gpt Au and 109 gpt Ag (4.55 gp
Slide 18: Test Mining and Bulk Sampling Program on Igor 4
Test Mining and Bulk Sampling Program on Igor 4 MINA CALLANQUITAS Underground test mining and bulk Sampling Test mining and bulk sampling occurs on the Igor 4 concession, the only portion of the Igor project subject to the RIVI streaming contract. Mine is fully permitted for up to 350 tonnes/day WWW
Slide 19: High Grade Bulk Samples, Good Recoveries, Simple Grade Control, Low Costs
High Grade Bulk Samples, Good Recoveries, Simple Grade Control, Low Costs • Over 15,000 tonnes of bulk sample averaging 8.60 gpt Au have been processed, 5,400 tonnes have been stockpiled grading approximately 5 gpt Au • Gold recoveries consistent, ranging up to 91%, confirming metallurgical test wor
Slide 20: High Grade Underground Channel Sampling
High Grade Underground Channel Sampling 780801 E 780821 E 780841 E 780861 E 5.4 gr/t 9.1 gr/t Fault breccia with 22.7 gr/t subangular sandstone Ocherous quartz and quartzite clasts, vein with OxFe and 31.1 gr/t matrix with panizo 22 channel samples average 18.7 gpt Au over a 9154321 N channels of br
Slide 21: Igor Development Infrastructure
Igor Development Infrastructure Acquired site two km from mine for processing facilities New access ramp at Mina Callanquitas to facilitate bulk sampling and future mine expansion WWW.PPXMINING.COM TSX.V: PPX BVL.PPX 21
Slide 22: Permitting Underway For Processing Plant
Permitting Underway For Processing Plant • 350 metric tonne/day heap leach processing facility including crushers, heap leach pads, Merrill- Crowe precious metal recovery plant, and support facilities. Permits expected Q2 2018. Engineered for low-cost expansion to 700 mt/day WWW.PPXMINING.COM TSX.V:
Slide 23: Excellent Infrastructure and Accessibility
Excellent Infrastructure and Accessibility Trujillo • The Igor project is located 158 kilometers from the destination city of Trujillo. Second largest city in Peru, with over a million people. Location • Trujillo has its own international airport and sea port for easy access. • PPX has grid power to
Slide 24: PPX is Committed to our Communities
PPX is Committed to our Communities • Economic development • Sustainable programs • Open communication • Healthy & safe work environment • Ethical conduct • Respect for human rights rs Co lde mm ho un are ity Sh Team WWW.PPXMINING.COM TSX.V: PPX BVL.PPX 24
Slide 25: Growing With Our Neighbors - New Ten Year Commitment
Growing With Our Neighbors- New Ten Year Commitment Employment Opportunities: • Long term employment for Callanquitas and Igor communities • Completing long term exploration and exploitation permits Education: • Growth through agricultural education, providing the community with seeds & cui, and tra
Slide 26: Why PPX? Sound Strategy for Value Creation
Why PPX? Sound Strategy for Value Creation Exploration: Drilling on the Callanquitas structure has confirmed resource grades and identified new high grade shoots • New Portachuelo low grade breccia zone discovered 800 metre south of Callanquitas – potential for significant resource expansion • Drill
Slide 27: PPX Capital Structure
PPX Capital Structure TSX.V Toronto Stock Exchange Venture BVL Bolsa de Valores: Peru Santiago Stock Exchange SSE Total Shares Outstanding: 447.9 M FD: 589.6 M Market Capitalization: Cdn$40.3M FD: Cdn$53.1M Ave. Trading Volume (TSX, BVL, SSE; 3 mos.): >520,000 shares/day Key Shareholders: Peruvian I