This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
28 October 2024
Nativo Resources Plc
("Nativo" or the "Company")
Directorate Change
Nativo Resources plc (LON:NTVO), which has interests in precious metals mining and production in Peru, announces that Martin Hull, Non-Executive Director, is stepping down from the Board to pursue other opportunities and will formally leave the Company on 31 October 2024. The Board thanks him for his contribution and wishes him well in his future endeavours.
For further information please contact:
| Nativo Resources Stephen Birrell, Chief Executive Officer | Via Vigo Consulting |
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| Zeus Capital (Nominated Adviser and Joint Broker) James Joyce James Bavister Isaac Hooper
| Tel: +44 (0)20 3829 5000 |
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| Peterhouse Capital limited (Joint Broker) Duncan Vasey Lucy Williams | Tel: +44 (0)20 7469 0930 |
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| Vigo Consulting (Investor Relations) Ben Simons Peter Jacob | Tel: +44 (0)20 7390 0234 |
About Nativo Resources plc
Following the partial divestment of its assets in Argentina, Nativo entered into a 50:50 joint venture in Peru in July 2024 with an experienced local partner for precious metals (gold/silver) mining and processing of gold ore (own and third party production) and the cleaning of known tailings deposits containing Measured and Indicated resources of gold and silver. Through the JV, known as Boku Resources, Nativo has secured an opportunity to scale operations in Peru, owning 50% of the production and resources.
Initially, Boku is establishing formalised artisanal and small mining operations on its 100% held Tesoro Gold concession, southern Peru, targeting early cash flow generation by Q4 2024. The Company plans to establish its own gold ore processing plant and, longer-term, to pursue its low capex strategies to appraise and exploit tailings deposits to recover gold, and develop the Ana Lucia Polymetallic concession.
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