Member Info for Iceman_1

The focus shifts to the future.

All the groundwork is done. Contracts signed. Permits secured. Mine ready. Now it's about execution.

We just brought in the BEST man for the job, Bernardino Alegría Aragón, our new Processing Engineer. This guy is the real deal!! 30+ years experience with B2Gold, First Quantum, Ausenco, FLSmidth. He's a specialist in commissioning plants right through to bullion production. He knows exactly how to turn rocks into doré bars efficiently and "on budget"!!!

Having someone of his calibre overseeing construction completely "de-risks" the next phase. The major hurdles are behind us. From here, it's straightforward: build, commission, produce.

Onwards and UPWARD!!!!

AIM,

I thought i answered your question. There are too many posts here. I cant read all the replies. I have three work screens open and so cant process everything as quicly as i like to. If you want to ask me again then ill try to answer it as best as i can.

You two STOP cluttering the BB.

Go and find something useful to do.

AIM,

Im not edgy. I think you have at least three accounts here. And you are getting very desperate because you cant stop the progress we are making. You try to front run the good news. Very sad! I thought you were a good man, AIM!

My reply to your question:-

You’re right that the November update talked about civil works starting earlier, but todays RNS explains why that didn’t happen. It clearly states that negotiations with the owner of the part-built GOPP took longer than expected. And this happens in real world.

It looks like the company expected to move forward sooner, but finalising the agreements and securing full control of the plant took priority. In my view, getting the contracts "properly signed" before starting construction actually puts the company in a stronger and safer position. It takes time for

As construction hadn’t started yet, so this looks more like a shift in timing rather than extra costs being added.

Hope this helps.

AIM,

I know you have many accounts here.

Why do you spend so much time here? You have no position here, nor do you intend to buy any.

I can reply to you but its a waste of my time. Your questions are pointless.

You answer me first and then i will reply to you.

Yes, the plant negotiations took longer than expected. But anyone who understands commercial mining deals knows these things rarely run perfectly to schedule. You're dealing with real people, complex negotiations, and a surging gold price where everyone is trying to maximise value.

I think its important to understand that the delay did not materially increase costs. Becasue the construction had not yet started, so the impact was primarily a "shift in timeline" rather than additional expenditure.

So lets look at what we achieved while the board was negotiating:-

Mine Development Advanced: Months spent preparing and upgrading the Tesoro mine, ready for production.

Extensive Sampling: Over 250 underground samples taken and sent to the lab, with assay results already coming through.

Permits Secured: This is huge. Permitting alone can take months in Peru (or any mining jurisdiction). Having these locked in removes major regulatory risk.

So while the plant timeline slipped slightly, the project never stopped moving forward. We now have everything in place: control of the plant, all necessary permits, world-class engineering oversight, and the funds to complete the plant.

The major structural hurdles are RESOLVED. From here, it's straightforward. Four months is nothing in mining, and with 45-55oz of gold per day targeted for H2 2026, the path to revenue is clear.

Just remember. 1oz = $5198 ( today's price), 45 oz = £233,910 per day & 55 oz = £285,890 per day!!!

Excellent progress all round.

Finally, real progress on the plant. Contracts are signed, we have full control, and the funds are in place to see this through.

The work from here is straightforward. And timeline is 4 months? That's nothing in mining timelines. We're looking at construction complete by H2 2026 with a clear path to revenue.

Add in a world-class processing engineer with 30+ years experience (B2Gold, First Quantum) overseeing it all, and targeting 45-55oz of gold per day at current prices.

This is the news we've been waiting for.

Guzzler1962,

There has been a minimum 3 month delay, what is the financial cost, if any, of this delay?

The announced delay relates primarily to extended negotiations with the plant owner rather than construction issues on site.

As construction had not yet commenced, the impact is more likely to be a timing shift rather than a material increase in capital expenditure. The estimated construction cost remains same!

The main financial consideration for investors is therefore the delay in reaching commissioning and potential revenue generation rather than an immediate increase in project cost.

La Patona is moving closer to construction and commissioning in H2 2026. This is very short time frame. Next 4 months!

We are moving from explorer to producer.

High grade. Low cost. Good timing with gold rallying.

How is this not positive?

Targeting 1.4kg–1.7kg of gold per day (45-55 oz). At current gold prices, that's serious potential revenue.

How is this not positive for a company with market cap of just £3 million?

We have wew Processing Engineer (Bernardino). Who has 30+ years experience with B2Gold & First Quantum. He's built these plants before.

This is very positive!!!!

Look at our market cap, just 3 million and we have this quality of people working for us.

Today RNS is positive! Finally have the legal right to build & operate the plant. The main delay is behind us. This is very positive!

Here is the breakdown of why this is a significant step forward.

1. The "Keys to the Plant" are Signed:

The negotiation delays (which caused the 15-week setback) are now fully resolved. The Peruvian sub has the rights to manage, design, and operate the existing site. The heavy lifting of permitting is already utilising existing permits, which is often the biggest hurdle in LatAm mining.

2. The Economics are Attractive:

Let’s look at the math. Phase 1 throughput is 220 tpd. Flotation circuit: Handling material up to 5 g/t. Cyanidation circuit: Handling high-grade direct-to-leach material between 23-25 g/t.

The projected output of 1.4kg to 1.7kg (45-55 oz) of gold per day is the headline figure. At current spot prices, the daily gross value of production is substantial relative to the company's current market cap. The $1.8m CapEx to get there is very manageable.

3. The "Bernardino Factor":

This cannot be overstated. Hiring someone with his pedigree (B2Gold, First Quantum, Ausenco) is a major vote of confidence. He has "boots on the ground" experience in Peru.

His specific mention of "commissioning through to bullion production" and "cost discipline" is exactly what investors want to hear. He is there to ensure the plant doesn't just get built, but that it actually produces gold efficiently.

4. The Strategy:

Owning a processing plant in a prolific area (Acari, near the Tesoro concession) gives Nativo immense leverage. Not only can they process their own material, but the on-site lab allows them to assay and process third-party ore. This creates a potential toll-treating revenue stream, effectively turning the plant into its own profit centre while they continue to expand their own resource base.

This moves NTVO away from pure exploration risk and into the "development/construction" phase with a clear line of sight to production. With gold hitting new highs, having a near-term producer in the portfolio is a very comfortable place to be.

Just excited to see a plan coming together.

This is the hardest part. They have to get this part right. Getting everyone and all the equipment in place. Once the party starts, there's no stopping. The first few loads will be important, and then things will speed up.

Aim, be nice. It cost nothing. Try it for few days and see how you feel. If you have a miserable life its not our fault. So be nice!!

NTVO, is a gold/silver play. Market cap at around £3 million, they are starting mining this month. They have tailings silver worth $500 million. They are builing their own processing plant. They have gold worth hundreds of millions of doller.

Worth checking out! Or at least put it on your watch list!!!

This is looking more amazing with each passing day!

Dont forget Peru is on GMT-5, so the local time there right now is 4:47 AM.

This isn’t a live update. This could be from yesterday or a few days ago. It feels like the board might be setting the stage for the BIG RNS. I actually love the idea of a surprise. Everyone’s expecting the RNS in a few days, but then it just drops out of nowhere. And suddenly, everyone’s rushing to buy the stock. LOL!!!

gla!

Excellent progress at Bonanza mine entrance as we create separate access routes for personnel & mined material, boosting efficiency & safety.

We are also deploying mining buckets to load & hoist material to the surface.

#NTVO #Mining #Peru #Gold

https://x.com/nativoresources/status/2026582947101368817

Could there be an RNS tomorrow? We are due updates on several fronts.

Just added few more.

£3 million market cap and we are producing. And we will have our own processing plant + directors positioning + tailing silver dumps.......... under Trump, gold/silver will go up. Crazy, crazy and crazy!!!

The potential here is mind-blowing. You dont get many chances like this. dyor.

GLA!

Starting is always the hardest part. Once we get going then things will speed up.

Equipment mobilisation & positioning are now underway at Bonanza.

This generator will provide reliable & high-capacity power, fuelling the compressor to maintain safe oxygen levels in the mine galleries.

#NTVO #Mining #Peru #Gold

🔗 More: https://shorturl.at/BplT8

https://x.com/nativoresources/status/2026220559709958277