REG - Nativo Resources Plc - Acquisition of 50% of Boku & Operations Update

Nativo ResourcesAnnouncement

13/08/2025 07:00

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RNS Number : 0670V  Nativo Resources Plc  13 August 2025

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.

 

13 August 2025

 

Nativo Resources Plc

 

("Nativo" or the "Company")

 

Acquisition of 50% of Boku & Operations Update

 

Nativo Resources Plc (LON:NTVO), a gold-focused mining company with interests
in Peru, provides the following updates on corporate and operational progress
in Peru.

 

Boku Joint Venture

 

Nativo is pleased to announce it has entered into an agreement to acquire the
remaining 50% of Boku Resources SAC ("Boku"), its Peruvian joint venture
company, in order to own 100% of Boku (the "Transaction"). Boku's current
assets are (i) the Bonanza Gold Mine on the Tesoro Gold Concession; (ii) an
option to evaluate the opportunity to recover and sell gold and silver from
the Toma La Mano tailings dump; (iii) permits for the establishment and
operation of a gold ore processing plant; and (iv) the Ana Lucia polymetallic
project.

 

There is no financial consideration payable for the Transaction, however,
Nativo will transfer the 50% interest it holds in the REINFO (Registro
Integral de Formalización Minera) company, Ecotopia Peru SAC, to the Boku
sellers. REINFO is a formalisation registry for artisanal and small-scale
miners. Nativo no longer requires Ecotopia Peru SAC in order to carry out its
activities at the Tesoro Gold Concession following its direct acquisition
announced on 10 April 2025 of Dydima E.I.R.L. ("Dydima"), the Peruvian
licence-holding entity of the Morrocota Gold Mine, with REINFO status.
Operations at Bonanza will therefore be carried out by Dydima, a 100%-owned
subsidiary of Nativo. It is intended that Jorge Pinedo, who was appointed by
Nativo in July 2025 as Operations Director in Peru, will additionally become
General Manager of Dydima and Boku (and therefore of the project), replacing
Erick Pegot-Ogier who resigns as General Manager of Boku as part of this
Transaction.

 

The loss attributable to 50% of Boku for the year ended 31 December 2024 was
US$157,133. The loss attributable to Ecotopia Peru SAC for the year ended 28
February 2025 was US$71,072 and the carrying value for Ecotopia Peru SAC as at
28 February 2025 was nil.

 

Bonanza and Morrocota Gold Mines

 

Further to the announcement on 3 July 2025, Inveritas Global Holdings
Ingenieria S.A. ("IGH"), Nativo's engineering and geological consultants in
Peru, will join Jorge Pinedo at Bonanza and Morrocota at the end of August to
initiate the fieldwork, sampling and modelling studies defined with IGH as a
precursor to starting production with revised mine plans. As previously
reported, these works are estimated to take approximately one month, after
which Nativo intends to tender for contract mining operators to restart
production as soon as practicable.

 

Stephen Birrell, Chief Executive Officer of Nativo, commented:

 

"Acquiring full control of Boku means Nativo can streamline its operations and
opportunities in Peru. We are very pleased with this outcome and look forward
to resuming gold mining activities soon."

( )

For further information please contact:

 Nativo Resources                           Via Vigo Consulting

 Stephen Birrell, Chief Executive Officer   nativo@vigoconsulting.com (mailto:nativo@vigoconsulting.com)
 Zeus (Nominated Adviser and Joint Broker)

 James Joyce                                Tel: +44 (0)20 3829 5000

 James Bavister
 Peterhouse Capital limited (Joint Broker)  Tel: +44 (0)20 7469 0930

 Duncan Vasey

 Lucy Williams

Rose Greensmith
 Vigo Consulting (Investor Relations)       Tel: +44 (0)20 7390 0234

 Ben Simons                                 nativo@vigoconsulting.com (mailto:nativo@vigoconsulting.com)

 Peter Jacob

Anna Sutton

 

About Nativo Resources Plc

 

Nativo has interests in gold projects in Peru. The Company's strategy is based
on three core activities: primary gold mining, gold ore processing, and the
recovery of gold from tailings. The Company has already acquired or optioned
several projects for development and has identified additional opportunities
for expansion. Nativo's nearest-term objective is to scale operations on the
Tesoro Gold Concession, focusing on the Bonanza and Morrocota mines. Nativo
intends to allocate portions of free cash flow from mining and processing
activities and future fundraises to Bitcoin purchases, and to hold Bitcoin as
a long-term treasury reserve asset.

 

Follow us on social media:

 

LinkedIn: https://uk.linkedin.com/company/nativoresources-plc
(https://uk.linkedin.com/company/nativoresources-plc)

X: https://x.com/nativoresources (https://x.com/nativoresources)

 

 

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