Member Info for Iceman_1

Golf57,

I agree with some of the points you raised.

We may see this differently, but I believe the BOD needs to prioritise the GOPP as the number one priority. I think moving ore from the mine to a processing plant run by a third party just isn't worth it as there are too many potential issues. We might make some money on high grade ore, but most of it would be eaten up by extra fees. Plus, there's no guarantee that some of the high grade ore wouldn't go missing on the way to the plant.

That's why I think we should focus on extracting as much ore as possible and keeping it on site until the GOPP is built. The processing plant could be ready in less than six months, and by then we'll have plenty of ore ready to go.

Steve,

This is why I would be buying here rather than selling.

I think gold has the potential to move up to $6,500–$7,000 this year. Gold needed a period of consolidation, and that's exactly what we've been seeing over the past few months.

When you look at real inflation rather than the official figures, it's difficult to see how the Federal Reserve or the Bank of England can justify interest rate cuts. Banks may reduce borrowing costs or adjust margins to stimulate lending, I wouldn't be surprised if underlying interest rates eventually move higher again this year.

So I view consolidation as a healthy pause within a longer-term bullish trend for gold.

As a shareholder, I want to see the company continue making progress and, more importantly, see that progress reflected in the share price. At the same time, I do not want to see unnecessary dilution that could limit shareholder returns.

I don't think this is a major issue right now because the company already has funding in place. Even if shareholders approve these authorities, I doubt management will use them immediately given the existing cash resources available.

For me, the focus remains on the next operational updates, particularly around the GOPP, mine development and progress towards gold sales.

What I really want to see now is a strong GOPP RNS that demonstrates the BOD is fully committed to building the processing plant and provides a clear timeline for construction and commissioning.

Most of the warrants, director remuneration and incentive arrangements have been agreed at prices around 0.48p–0.58p, which suggests confidence in creating value above current share price.

There is no fixed placing price mentioned in the RNS, and may never even be exercised. So for now, I think it's best to focus on the upcoming updates.

Personally, I would like to see what further operational updates we receive, particularly on the GOPP, before deciding how to vote on this resolution.

Golf,

No, that's not what I'm saying.

NTVO currently has a JORC-compliant Exploration Target, not a JORC Mineral Resource Estimate (MRE).

The Exploration Target is the starting point. The next step is potentially upgrading it into a formal JORC Mineral Resource Estimate through further sampling, drilling and geological work.

That's a fair point, and I agree the company is clearly managing cash very carefully going forward.

For me, the bigger question is whether management can deliver on Bonanza, GOPP and the wider Peru strategy over the next 3-12 months. If they do, today's share price could look very different.

The JORC Report was a major milestone. So what's the next catalyst? For me, it's GOPP.

I'm not expecting big revenues until the GOPP is built and operational. That's where I believe management should be focused.

Once we have our own processing plant, the opportunities are limitless. We can potentially generate revenue from multiple sources, including our own ore, third-party processing, tailings recovery projects, and potentially silver and other mineral opportunities.

The JORC highlighted the potential. GOPP is what could turn that potential into cash flow.

But this year they have completely changed their approach.

They have been accepting shares at prices that are almost double the current share price. Just look at the recent RNS announcements.

If the BOD didn't believe in the business, why would they be willing to take payment in shares rather than cash?

True, but I think the market needs to see sustained meaningful progress before sentiment really changes.

What I feel is still missing is the construction and commissioning of the GOPP. Once that starts, I believe things will improve significantly. At the moment, it's largely plans and expectations. So people sell the news. But when the real work begins, that's when things get exciting.

The market will then be able to focus on tangible metrics such as production volumes, third-party processing contracts, and actual revenues rather than projections. I'm assuming operations will initially run on a 12-hour shift basis before eventually moving to 24-hour operations as production ramps up.

That's when investors can start valuing the business on real performance rather than future potential.

What moved the share price recently from 0.25p to 0.45p was the JORC-compliant Exploration Target RNS covering Bonanza, Tesoro, Tesoro_1 and Morrocota.

Why did the market react so positively?

Because this was an independent JORC-compliant assessment. The "JORC Code" is widely recognised as the gold standard for reporting exploration and mineral assets and is trusted by investors, mining companies and institutions worldwide.

Before the JORC, investors were relying largely on management's expectations. The JORC report provided independent validation that these projects have "significant exploration potential" and established a much stronger basis for valuing the company's assets.

This I feel fundamentally changed the investment case for Nativo. The market suddenly had a credible benchmark for the scale of the opportunity, which is why the share price rerated.

The JORC announcement is the main reason why I have increased my position here. It gives me confidence that the company has a realistic pathway to creating substantial value as it advances Bonanza, Morrocota and GOPP.

Downagain,

This is normal for most AIM companies. Nativo is a small growth-stage mining company.

This is a HIGH RISK, HIGH REWARD investment. I'm looking for a potential 10x return.

The report also shows US$1.81m cash at year-end, a new £2.1m Yorkville funding package, ongoing GOPP development, the Bonanza restart, and a JORC-compliant Exploration Target across Bonanza, Tesoro, Tesoro_1 and Morrocota.

For me, the question isn't whether they'll need more funding in the future. The question is whether they can create significant value before then. That's why I'm invested.

These are Nativo Resources’ Final Results for the Year Ended 31 December 2025, published on 1 June 2026.

Reporting Period

* From: 1 January 2025

* To: 31 December 2025

What caught my attention is that many of the developments investors are focused on today actually occurred AFTER the reporting period and therefore are not fully reflected in the 2025 accounts.

1. Maiden JORC Exploration Target confirmed;- This is probably the most important milestone mentioned. The company now has a formal JORC-compliant Exploration Target covering Bonanza, Tesoro, Tesoro_1 and Morrocota, with potential contained gold of 6,686–195,434 ounces.

2. GOPP remains the centrepiece

3. Stronger funding position

4. Expansion strategy

5. Management's long-term vision is becoming clearer

From: planning, restructuring debt and trying to restart operations.

To: having a JORC Exploration Target, funding secured, GOPP engineering largely completed, active mine development, and a strategy to become a regional mining and processing company.

I think some investors are misunderstanding what stage NTVO is currently at. I do not think the company is yet in full-scale bulk mining mode. From the posts on X.com and the recent RNS flow, I think management has spent the last few months focused on underground development, geological mapping, selective sampling, vein modelling, and completing the maiden JORC Exploration Target across the wider Tesoro concession.

NTVO appears to be selectively identifying and separating the highest-grade mineralised material while continuing to improve its understanding of the wider ore system. Management seems focused on determining the full potential of the mine, defining the best ore shoots before aggressively ramping up mining volumes.

I believe larger-scale mining activity will likely begin once we receive confirmation that GOPP construction has started. Without our own operational GOPP, the economics are less attractive because transporting ore to third-party processing plants significantly increases costs and addition processing fee's and this reduces overall profit margins. Owning the processing infrastructure is where the real long-term value and scalability could come from for NTVO.

HOLD FOR GOLD!!!

Growing stockpiles of collected material continue to build on site at the Tesoro concession as activities progress 🪨

Material recovered from sampling is being separated, bagged and stockpiled for further analysis and potential future processing.

#NTVO #Gold #Mining #Stockpiles

https://x.com/nativoresources/status/2059545144622449151

Alboumphoto

You could say the same thing about paper money or numbers on a computer screen. The difference is that gold has held value for over 5,000 years through wars, empires collapsing, currency resets, and financial crises.

Gold is not really about buying bread during a total apocalypse. It's about preserving purchasing power when governments print too much money, currencies weaken, or debt spirals out of control.

If gold was worthless, why are central banks and major countries buying thousands of tonnes of it every month? Why do governments still hold it as part of their reserves?

And in a complete Mad Max-style collapse, food, water, and survival skills would matter more than gold. But historically, societies recover, currencies change, and gold tends to retain value through those transitions.

The real question is not “Can you eat gold?”

The real question is: “Will your cash still hold its value in 10–20 years?”

Many people believe we are heading towards a major financial reset before 2029. You may have your own view on this, but one thing is clear, this debt system cannot keep expanding forever. I think Trump will push US debt past $50 trillion before he leaves the office.

I believe this is one of the main reasons why China and many other major countries continue buying gold at record levels.

Here are some HARD FATCS:-

The current annual interest payment on US debt is now roughly $950 billion to $1 trillion PER YEAR, while total US debt is over an unbelievable $39 trillion. To put that into perspective:

• Around $2.6–$2.8 billion PER DAY

• Around $110 million PER HOUR

READ THAT THREE TIMES AND LET IT SINK IN.

How long can this realistically continue? Is this why major countries are aggressively buying gold? I think this is an even bigger factor than inflation itself.

This is why many investors worry about a long-term “debt spiral”:

• More debt → higher interest costs

• Higher interest costs → bigger deficits

• Bigger deficits → even more borrowing

And that is one of the key reasons many investors remain bullish on hard assets like gold and silver.

For me personally, this is why I think you need to find a small Gold/Silver company you truly believe has strong potential, invest what you can afford, and give it time to play out. Risk is always there, but I feel the risk becomes lower when management continues delivering meaningful progress.

USA Debt Clock

https://www.usdebtclock.org/

UK Debt Clock

https://debt-clock.org/

EU Debt Clock

https://eudebtclock.net/

World Debt Clock

https://worlddebtclocks.com/

I think so too. In my view, this could very comfortably give us a 10x return.

After Iran, it seems Cuba could be next, followed by Greenland. Things are only starting to get interesting from here.

I think we will hit >$6000 on Gold this year and $150 on silver!!!

STRONG BUY!GLA!!!

This week is very quiet. Most people are on holiday since the schools are off. So I would like to get an RNS next week Monday, which would be amazing.

We could also see a peace deal signed by the end of this week, and that could push gold back towards $5,000.

Target 1: 1.2p

Target 2: 1.8p

Target 3: 3.5p

Ranger104uk:

Now where are we now a year on?

ANSWER:-

*resumed underground development and mining activity at Bonanza,

*reported multiple high-grade gold results including bonanza grades,

*completed a maiden JORC Exploration Target across the wider Tesoro concession,

*advanced the GOPP engineering and design work significantly,

*secured new funding,

*expanded exploration activity across multiple vein systems,

*and started building a broader mining and processing strategy in Peru.

The company today looks far more focused on building an integrated mining + processing business!

Mining is a slow and sometimes boring business. Now that NTVO has secured funding at 5%, I think we should finally start to see meaningful progress accelerate.

Good post rhwillcoll!

This brings us back to why GOPP becomes important as NTVO develops multiple mining fronts across: Bonanza, Tesoro, Tesoro_1, Morrocota, then ONE GOPP could potentially process ore from ALL of them. Its a brillient plan!

Looking forward to the next RNS update on GOPP progress!!!