REG - Nativo Resources Plc - Engagement of Mining Contractor for Bonanza

Nativo ResourcesAnnouncement

26/01/2026 07:00

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RNS Number : 2932Q  Nativo Resources Plc  26 January 2026

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.

26 January 2026

Nativo Resources Plc

("Nativo" or the "Company")

Engagement of Mining Contractor for Bonanza

Mining expected to commence during February

Nativo Resources plc (LON:NTVO), a gold-focused mining company with interests
in Peru, is pleased to announce it has engaged Constructora e Inversiones
Andina Kuboc C&P SAC ("Kuboc") as Mining Contractor to operate the Bonanza
Gold Mine on the Company's wholly owned Tesoro Concession in the Arequipa
region, within the Nazca-Ocona gold corridor.

 

Founded in 2019, Kuboc is an experienced Peruvian mining services provider
currently operating two mines. It has expertise in non-ferrous metals
(including gold) as well as transport and construction in the mining sector.
Kuboc is authorised by the Peruvian Ministry of Energy and Mines (MINEM) for
exploration, exploitation, development and beneficiation of minerals.

 

Kuboc intends to mobilise its initial team of 25 next week and recommence
production during this quarter. The initial operations will target areas of
Bonanza containing grades of between 5-25 g/t of gold, aiming to mine between
50-90 tonnes of vein material per month, while confirming grades and mine
integrity.

 

In total, the headcount at the camp and mine will reach around 32,
encompassing subsurface operators, explosives experts, security and
accommodation/food services providers.

 

Immediate operations following mobilisation will see Kuboc undertaking
preparatory works including widening shafts and galleries and installing
equipment at the shaft head for more efficient recovery of material to
surface. On this expected timeline, Nativo also expects to have first sales
within this quarter.

 

The new mine plan will evolve with production and in consultation with
Nativo's geologists. Nativo's objective is to increase production to between
150-300 tonnes per month after approximately the first three months.

 

Kuboc will be deploying industrial pyrotechnics at the mine through a separate
service provided by Frasser SAC, using the Apollon Classe IV product line.
This form of fragmentation service is specialised for narrow vein
architectures in small mines such as Bonanza and reduces the risk of collapse,
waste product and damaging vibrations.

 

Nativo is further pleased to announce the engagement of IPECPROM Mining
Operations ("IPECPROM") to provide mine camp logistics and catering in support
of the operations. IPECPROM has already mobilised to site, supporting
pre-mining activities, including logistics planning, construction of new
accommodation and shower/toilet facilities and providing food, cleaning and
bedding services.

 

Stephen Birrell, Chief Executive Officer of Nativo, commented:

 

"We are very happy to be working with the Kuboc, Frasser and IPECPROM teams.
We have met the Mining Contractor on several occasions and visited one of
their mine operations which we observed to be well run. Kuboc provides
professional work procedures with expertise in underground gold mining, which
will ensure we exploit the Bonanza vein to its full potential. Kuboc will be
working with our geologists to develop and increase production at Bonanza
through mine plan evolution and the development of further sites for mining
across the Tesoro concession."

 

 

Figure 1: Nativo's Executive Directors and Operations Director with Kuboc
personnel on a site visit in January 2026

 

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)    Tel: +44 (0)20 3829 5000

  James Joyce

  James Bavister

  AlbR 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)

 

 

Qualified Persons Statement

 

The scientific and technical information contained within this announcement
has been reviewed and approved by Harold Villena Carhuaricra, a geological
engineer with over 15 years' experience. Mr Villena Carhuaricra has a master's
degree in Geological Processes and Resources from The Complutense University
of Madrid and is registered and certified by AusIMM Chartered Professionals.
Mr Villena Carhuaricra has worked for Cerro de Pasco Resources and Compañía
Minera Volcan among other companies in Peru. He is a Qualified Person as
defined by the AIM Guidance Note on Mining and Oil & Gas Companies dated
June 2009.

 

Glossary

 Au   gold
 g/t  grams per tonne

 km   kilometres

 

 

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