Slide 1: PPX Mining Corporate Presentation Q3 2026
PPX Mining Corporate Presentation Q3 2026
Slide 2: Forward Looking Statement & Cautionary Disclaimer
PPX Mining / Corporate Presentation TSXV: PPX | BVL: PPX Forward Looking Statement & Cautionary Disclaimer All statements, other than statements of historical fact, contained in this presentation constitute “forward-looking statements” and are based on the reasonable expectations, estimates and proj
Slide 3: Investment Highlights
PPX Mining / Corporate Presentation TSXV: PPX | BVL: PPX Investment Highlights • Location: Northern Peru, La Libertad Region SOUTH AMERICA • Institutional Backing: Glencore acquired 9.9% of PPX for ~C$20M on December 2025 and subscribed an offtake for precious metals concentrates • Exploitation of C
Slide 4: Glencore's Investment in PPX Mining
PPX Mining / Corporate Presentation TSXV: PPX | BVL: PPX Glencore’s Investment in PPX Mining • Agreements: Equity investment and offtake • Glencore Investment: 9.9% of PPX shares at C$0.237/unit; each unit = 1 share + 1 warrant (C$0.289, 36-month term; 12 months holding period) • Use of Funds: A min
Slide 5: Peru is a Top Global Mining Producer
PPX Mining / Corporate Presentation TSXV: PPX | BVL: PPX Peru is a Top 10 Global Mining Producer WHY MINE IN PERU? CAJAMARA • Major global miners already operating Newmont, Yanacocha Pan American Silver, Hochschild, Southern Peru >40 Moz Au Shahuindo Copper, Anglo American and Glencore Igor Project
Slide 6: Igor Project – Operating Mine + Exploration Upside
PPX Mining / Corporate Presentation TSXV: PPX | BVL: PPX Igor Project – Operating Mine + Exploration Upside IGOR PROJECT DISCTRICT • Location: 140km from Trujillo, La Libertad, Peru, between CALLANQUITAS MINE Cajamarca and Ancash • Au/Ag mine in operation and production • Consists of four major comp
Slide 7: Accessibility and Infrastructure
PPX Mining / Corporate Presentation TSXV: PPX | BVL: PPX Accessibility and Infrastructure Chicama Route Route Km National road Trujillo – Chicama 33 Paved road Chicama – Cascas 57 Unpaved road Cascas – Lucma 49 Dirt road Lucma – IGOR 20 Igor Project Otuzco Route Route Km National road Trujillo – Otu
Slide 8: Igor Project – Multi System Mining District
PPX Mining / Corporate Presentation TSXV: PPX | BVL: PPX Igor Project – Multi System Mining District CALLANQUITAS EAST • The steeply dipping narrow veins (EXTENSION) and breccias are mined with CALLANQUITAS WEST underground methods. (MINE) • There is about 900 meters of elevation change across the a
Slide 9: Callanquitas Mine – Profitable Operation
PPX Mining / Corporate Presentation CALLANQUITAS MINE TSXV: PPX | BVL: PPX Callanquitas Mine – Profitable Operation C A L L A N Q U I T A S M I N E P R O D U C T I O N (1) Ktonnes Ore Production Au Eq. Oz Produced 70 61 60 51 48 50 40 40 • Record Monthly and Quarterly 38 40 Production 2026 30 • Prod
Slide 10: New Process Plant – Positive Impact
PPX Mining / Corporate Presentation CALLANQUITAS MINE TSXV: PPX | BVL: PPX New Process Plant – Positive Impact Replacing the need for a 3rd party processor, 600km away PROCESSING PLANT FACTS EXPECTED RECOVERY IMPACT Dual: Carbon-in-Leach (“CIL”) Plant Type: 88% and flotation Capacity: 350 tpd 80% •
Slide 11: Callanquitas East Drill Targets
PPX Mining / Corporate Presentation EXTENSION OF CALLANQUITAS TSXV: PPX | BVL: PPX Callanquitas East Drill Targets CALLANQUITAS EAST COMMENTARY • Drilling demonstrates good continuity of mineralization • Deepest intersection on the East breccia is at 2800 meters above sea level, 700 meters below the
Slide 12: Tension Vein – Callanquitas East
PPX Mining / Corporate Presentation EXTENSION OF CALLANQUITAS TSXV: PPX | BVL: PPX Tension Vein – Callanquitas East CALLANQUITAS TENSION VEIN SULFIDE COMMENTARY • Discovered in 2024. • High grade silver, with gold and copper. Open to the north, south, and at depth. There could be other similar struc
Slide 13: Callanquitas West Drill Targets
PPX Mining / Corporate Presentation EXTENSION OF CALLANQUITAS TSXV: PPX | BVL: PPX Callanquitas West Drill Targets CALLANQUITAS WEST COMMENTARY • Very limited drilling and no mining • Drilling results from 2023 to 2025 confirm high gold and silver grades and continuity of significant mineralization
Slide 14: Callanquitas Extension South and Depth
PPX Mining / Corporate Presentation EXTENSION OF CALLANQUITAS TSXV: PPX | BVL: PPX Callanquitas Extension South and Depth Significant exploration upside subject to further drilling and confirmation KEY HIGHLIGHTS 1) Very limited drilling 2) High grades are anticipated at the intersection with Portac
Slide 15: Portachuelos
PPX Mining / Corporate Presentation PORTACHUELOS TSXV: PPX | BVL: PPX Portachuelos ABOUT THE ASSET DRILL RESULTS • Portachuelos contact Breccia - 2.5 km long • CA-18-94: 6.0 m, 5.77 g/t Au, 444 g/t Ag, 0.67% Cu in • 3 structures – Bertha, BX1 and BX2. Only 2 intercepts in BX2 BX2. separated by 300 m
Slide 16: Established Community Relations
PPX Mining / Corporate Presentation TSXV: PPX | BVL: PPX Established Community Relations • Social Agreements in place with Callanquitas and Igor communities • Economic Development, with the construction of over 12km of irrigation canals for agriculture, the main source of regional income • Sustainab
Slide 17: Management Team and Advisors
PPX Mining / Corporate Presentation TSXV: PPX | BVL: PPX Management Team and Advisors Ernest Mast – President & CEO, Director John Thomas – COO, Director Mr. Mast is a mining executive with 35+ years of experience Dr. Thomas is a professional engineer with a PhD in Chemical across the Americas. He h
Slide 18: Directors
PPX Mining / Corporate Presentation TSXV: PPX | BVL: PPX Directors Brian Imrie John Menzies Diego Bellido Fernando Pickmann Pedro Oleachea CHAIRMAN DIRECTOR DIRECTOR DIRECTOR DIRECTOR Mr. Imrie is a mining finance John Menzies is the Managing Diego Bellido is a Glencore Mr. Pickmann is a corporate M
Slide 19: Corporate and Capital Structure
PPX Mining / Corporate Presentation TSXV: PPX | BVL: PPX Corporate and Capital Structure SHARE STRUCTURE SHAREHOLDERS OWNERSHIP Shares Total Shares Total Fully Shares Outstanding 906,360,109 Shares Outstanding Diluted Warrants 123,100,562 Private Investor 207,793,869 22.93% 18.15% Donald Smith 89,13
Slide 20: Appendix
PPX Mining / Corporate Presentation TSXV: PPX | BVL: PPX Appendix Exploration Mine Hill Bola de Igor 1st stage Tailings Diamond Drilling Underground School Supply Donation DDH CA-25-16 0.50m@ 80.45 g/t Au, 207 g/t Ag DDH CA-25-24 1.10m@ 49.52 g/t Au, 11.6 kg/t Ag, 11.13 % Cu 20
Slide 21: Drilling Timeline and Results
PPX Mining / Corporate Presentation EXTENSION OF CALLANQUITAS TSXV: PPX | BVL: PPX Oxide Drilling Timeline and Results Sulfide Mixed West East Tension Vein Sulfide Date Activity Thickness of Intercept Grades Up To Thickness of Intercept Grades Up To Thickness of Intercept Grades Up To Results of the
Slide 22: Recent Drilling Timeline and Highlights
PPX Mining / Corporate Presentation EXTENSION OF CALLANQUITAS TSXV: PPX | BVL: PPX Recent Drilling Timeline and Highlights 6 drill holes (3) Confirmation of high-grade gold mineralization and Jan 10 2024 – Drill results in Callanquitas West open to the north and at depth 8.14 g/t Au over 2.55m. Mar
Slide 23: Drilling Details 2023 – 2025
PPX Mining / Corporate Presentation TSXV: PPX | BVL: PPX Drilling Details 2023 – 2025 Average grade DDH From (m) To (m) Length (m)* Breccia/Vein Mineralization Au (g/t) Ag (g/t) Copper (%) CA-23-01 60.9 63.4 2.6 8.14 88.2 - West oxide CA-23-02 100.7 101.3 0.6 5.95 60.2 - West oxide CA-23-03 70.7 71.
Slide 24: NI 43-101 Updated February 2024
PPX Mining / Corporate Presentation TSXV: PPX | BVL: PPX NI 43-101 Updated February 2024 CALLANQUITAS WEST ONLY AS OF FEB. 2024 Resource Class Tonnes g/t Au oz Au g/t Ag oz Ag g/t Au Eq. oz Au Eq. Measured 22,900 5.25 3,870 48 35,340 5.56 4,090 Oxide Indicated 640,800 3.75 77,260 141 2,904,910 4.67