Funding, Funding, Funding is needed10 Sep 2025 07:11
Looks like another hefty placing at 0.30 post GM IS NEEDED
Initial fieldwork commenced at the Bonanza and Morrocota mines last week. Further sub-surface works to identify ore shoots for initial targeting, expected to take four weeks, cannot proceed until adequate funding is secured. Once completed, and subject to funding, it is anticipated that mining can start in November.
Funding will also enable the Company to finalise the design of the processing plant for which Nativo has secured a site proximal to the Tesoro Gold Concession and commence the construction tender process.
Funding is further required to commission detailed analysis of the secured tailings deposit at Toma La Mano, required prior to a final investment decision.
Accordingly, the Board urges shareholders to vote in favour of the Resolution. By doing so, shareholders will enable Nativo to secure a level of funding that is necessary to move swiftly toward production and cash flow and build value from these now 100%-owned projects."