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Needs grades next ..

Operational Update: Tesoro Gold Mine

Agreement for establishment of gold ore processing plant

Nativo Resources plc (LON:NTVO), which has interests in precious metals mining and production in Peru, provides the following update on the Tesoro Gold Mine ("Tesoro"), southern Peru, which is held by the Company's 50%-owned Peruvian joint venture, Boku Resources SAC ("Boku").

Boku has secured the permits for the establishment and operation of its own gold ore processing plant ("La Patona Project") and entered into an option agreement with a landholder for use of its land (the "Land Agreement").

The Land Agreement provides Boku with an eight month exclusivity period to undertake a feasibility study for the plant in order to confirm commercial and technical viability. Upon confirmation, Boku has an automatic right to proceed with development and operations. Under the Agreement, in the event that a decision is made to build and operate the plant, Boku has the unilateral right to use existing permits and rent the land, in return for monthly rental payments equivalent to 4% of the plant revenue. This includes an option to buy out the rental payments and take ownership of the land and permits for a one-off payment of $750,000, which can only be exercised after two years of plant operation.

During the exclusivity period, Boku has no financial obligations, and there are no upfront payments required for acquiring this option.

La Patona Project Gold Ore Processing Plant: Vertical Integration

If commissioned, the gold ore processing plant, La Patona, will be located on a 500-hectare mining concession in the Acarí district, Arequipa. This location is just 30 kilometers from Tesoro, allowing Boku to optimise transportation and therefore reduce logistics costs.

The initial plan involves installing machinery to process between 50t and 80t per day, focusing primarily on ore extracted from Bonanza and La Dorada.

In the medium term, Boku intends to scale the plant to 350t per day, the maximum capacity allowed for small-scale mining.

Commitment to Formalisation and Organic Growth

Saransky, a company established in Peru, is in the process of obtaining the required formalisation permits to conduct mineral processing and beneficiation activities at La Patona. Boku will support Saransky in completing this formalisation process, ensuring full regulatory compliance and reinforcing its dedication to responsible and formal mining.

Stephen Birrell, Chief Executive Officer of Nativo, commented:

"This is a landmark agreement as our JV partner roles out the next stage of the business plan in Peru, and we are really excited about the opportunities we are developing with Boku. This demonstrates progress against Nativo's growth strategy, seeking to vertically integrate operations through the development of a gold ore processing plant in close proximity to, and affiliated with, the Company's Tesoro project."

It seems to me the bitterness here is lths (i get it) but for new investors buying now id suggest you look past these posts and think about what some explosive grades and gold mining in the weeks ahead might do for the SP now its fully diluted until the middle of next yea (and only 1.4m mc) .. not many catalysts for short term downslide is the key, and many for short term upside if you look at it objectively without the baggage. SL

Been there steve believe me - been sat 98% down in stocks before - its not nice being diluted to hell but staying in small caps for years it does tend to go that way these days - very few get a payout for their commitment when you take dilution into account - even if the company is ultimately successful. The winners tend to be those in and out in a short medium time frame buying on sentiment and timing.

LCDsharesystem - no it doesn't, its all about market cap. The only real issue with billions of shares in perception as well as the fact that ii's and sophisticated investors are often put off. But in the end if they achieve what they expect to achieve the price will rise in alignment. It is what is is, for those of us that operate at this end of the market we know what we are buying and accept the risk for the potential reward. Ive taken a fair amount here in the last two days and will sit on my hands for the inevitable rise on news.

Im not sure what points you are trying to make. your either buying and expect the price to rise considerably or, if not, don't buy or sell up cut loses. For me the numbers suggest this at several times the current mc in the short-medium term so im a buyer. Simples. SL

All i know is that buying now is likely to see a good return over the course of the next 3-6 months. its always about timing. In terms of the raise, AIM was devised for this purpose, how do you expect pre revenue companies to fund themselves? This is now funded into Q2 next year so the right time to buy for me with news flow on the horizon.

Can see a couple of bags at least between now and year-end on gold grades and sales, it wont take much at this valuation and the current gold price.

The number of shares doesn't really matter, its all about company valuation / market cap and at under 1.5m fully diluted there is a lot of upside here once news flow start and gold production kicks in. Granted, not great if you have been in a long time and have been diluted out of the game (ive been there) but for new buyers taking stock now all to play for. SL

$10m in cash and shares ... where is it! As that alone will rerate it ..

Looking like forming a slightly higher base, long way to go.. id like to see the last deal close and ROQ receive the funds due! its taking an age since the announcement

Yes, only positives since 9.25. its tricked down far to far with whats potentially to come on boredom alone. He's done all this before, selling a minow for multiples .. it will happen again ..

Another first poster .. the worst type of unresearched cretins who jumps on anything. I don think the market will ever make you any money. Its not about who buys or sells today this a long hold and will create value if you bothered to look into it, but of course you wont.

Oh here they all come cos its moved a bit to deramp .. how predictable .. haha.

You don't by because someone is promoting it, interesting research strategy .. maybe look into it and you will see its undervalued and a compelling story.

Our project is not affected by GS, in some ways i think it might help the decision makers in GS get a move on when they see us moving on the drill..

I think its to cover corporate costs for the time being not actual project development costs. Best to come back and have a look again mid next year, they are not even making a decision on project go/no go for another 15 months.

When i said i sold on information a few weeks ago I wasn't joking. i had a conversation with the company with regards to them moving on the gas in early 2025 and was told than no, there is no separate gas project its all integrated into mesh now. (they havent made this clear). So as there is no investment decision until end of 2025 there is a long wait between now and then, may re-enter but nearer the time. Good luck to those who want to wait - SL

'TL annual expenditure exceeding its income' - same for the UK and most counties! They still cash availability to fund things they need its just national debt. and id have though this would be critical project to maximise ownership.

Yep, poor/developing country etc etc but another 25m from the national oil company/substantial development fund is a drop in the ocean. Never got it even though there is reasoning its relatively loose. (Maybe not for 70%, but thats another debate)