on PPX Mining Corp (isin : CA69354U1003)
PPX Mining Corp Receives Final Construction Permit for Igor Project
PPX Mining Corp (TSX.V:PPX)(BVL:PPX) has announced that it has received the final construction permit for its CIL and Flotation plant at the Igor Project in La Libertad, Peru. The permit was issued by the Gerencia Regional de Energia Minas e Hidrocarburos (GREMH) on September 19, 2024, under resolution number 000620-2024.
This milestone allows PPX to commence construction activities immediately. The permit also unlocks access to a US$6 million facility arranged earlier this year for the construction. The Plant will process oxides and sulphides from the Callanquitas Mine, producing doré bars and high-grade gold and silver concentrate.
John Thomas, CEO of PPX Mining Corp, stated that the operational Plant is expected to reduce operating costs significantly and expand the mine's resource. The Plant will eliminate the need to transport mined material 600 km to third-party toll milling facilities.
R. H.
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