SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Dec 5, 2024

2. SEC Identification Number

10044

3. BIR Tax Identification No.

000283731000

4. Exact name of issuer as specified in its charter

PHILEX MINING CORPORATION

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

2nd Floor Launchpad, Reliance Street cor. Sheridan Street, Mandaluyong City Postal Code 1550

8. Issuer's telephone number, including area code

+63286311381

9. Former name or former address, if changed since last report

n/a

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
common	5,782,399,068

11. Indicate the item numbers reported herein

4-30

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Philex Mining CorporationPX

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
PADCAL LIFE OF MINE EXTENSION OF UP TO DECEMBER 2028
Background/Description of the Disclosure
MANILA PHILIPPINES, 05 DECEMBER 2024 – Philex Mining Corporation (the ‘’Company’’) is one of the oldest and largest gold and copper producers in the Southeast Asia. Padcal Mine has been in operation for more than six decades and still has a remaining ore resource that can be mined depending on global metal price forecasts. Based on a completed study after recalibrating the mining plan, the life of the Padcal Mine is extended for another year from December 2027 to December 2028. Additional tonnage will be coming from the mining of pillars at 760-ML Production Level as it will contribute good grades. There are tonnages also from previously developed draw points beyond one hundred percent extraction that provided good grades that we continue to mine. These are on top of the mineable reserves that we declared in the 2027 projected end of mine life. Price sensitivity analyses were applied on the remaining reserves which further confirmed the economic viability of extending the mine life.
Other Relevant Information
Please refer to the attached press release for the relevant details. This press release may contain forward looking statements with respect to the results of operations and business of PX. Such forward looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual performance of PX to be different from any future performance implied.