PPX MINING IGOR 4 PROJECT
LA LIBERTAD DEPARTMENT, NORTHEASTERN PERU
ROYALTY DESCRIPTION (A Type)
- PPX Mining Corp (“PPX”) owns and operates the polymetallic gold/silver project Igor 4 located in Northeastern Peru.
- Royalty acquisition was announced March 2024, first Tranche closed in February 2025, second Tranche closed in August and October 2025.
- SCRi paid US$ 2.5 million in cash for 15% of silver produced capped at 225,000 ounces.
- PPX has the right to double the silver ounce commitment (to 30% from 15%) for an additional payment from SCRi of US$2.5 million in SCRI equity.
| OPERATOR | PPX Mining |
| MKT CAP | C$208 million |
| TERMS | 15% of silver produced or 14,062.5 ozs per year until 225,000 ozs have been delivered |
| ASSET | Igor 4 |
| SILVER OZs | 56, 250 per year; 225,000 over Life of Mine (LOM) |
| DELIVERED YTD 2025 | 2,247 |
| LOM (yrs) | 4 |
| NAV (C$ mln) | 12.4 |
| IRR (at $45/oz) | 81% |
| STATUS | Operating |
PPX IGOR 4, Plant Visit September 2025