REG - Nativo Resources Plc - Appointment of Executive Chairman

Nativo ResourcesAnnouncement

Thu 10:30

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RNS Number : 0443H  Nativo Resources Plc  01 May 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.

 

1 May 2025

 

Nativo Resources Plc

 

("Nativo" or the "Company")

 

Appointment of Executive Chairman

Nativo Resources plc (LON:NTVO), which has interests in gold mines in Peru, is
pleased to announce Christian Yates, Non-Executive Chairman, will transition
to the role of Executive Chairman with immediate effect.

 

The Board intends to bring on an additional new non-executive director in due
course.

 

Christian Yates, Executive Chairman of Nativo, commented:

 

"Nativo's near-term objectives are to advance our tailings reprocessing
opportunities to recover gold and silver, resume primary gold mining,
restructure the long-term debt, and put the Company in a stronger financial
position. We have a foothold in Peru with two gold mines secured, one tailings
project optioned, a series of further tailings projects identified, and highly
favourable commodity prices. I am pleased to commit more time to Nativo in an
executive leadership capacity alongside our CEO to help deliver on our plans."

 

For further information please contact:

 Nativo Resources                                   Via Vigo Consulting

 Stephen Birrell, Chief Executive Officer           nativo@vigoconsulting.com (mailto:nativo@vigoconsulting.com)
 Zeus Capital (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 mining and exploration projects in Peru.

 

Through a 50:50 joint venture established in July 2024 with an experienced
local partner ("Boku"), Nativo secured an opportunity to scale operations at
the Tesoro Gold Concession, owning 50% of the production and resources.
Production and sales of ore to a local gold ore processing plant began in late
December 2024.

 

In March 2025, Nativo acquired directly a 100% interest in the Morrocota Gold
Mine, proximal to the Tesoro Gold Concession.

 

Longer-term, the Company plans to establish its own gold ore processing plant
to retain a higher margin from production at its mines.

 

In March 2025, Boku also secured an option agreement to evaluate the
opportunity to recover and sell gold and silver from the Toma La Mano tailings
dump in the Ancash region and redeposit the tailings in line with legislation.
The Company is investigating other similar regional tailings opportunities.

 

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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