REG - Nativo Resources Plc - Operations Update: Gold Ore Processing Plant

Nativo ResourcesAnnouncement

26/02/2026 07:00

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RNS Number : 4265U  Nativo Resources Plc  26 February 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 February 2026

Nativo Resources Plc

("Nativo" or the "Company")

Operations Update: Gold Ore Processing Plant

Nativo Resources plc (LON: NTVO), which is focused on near-term gold mining
and processing projects in Peru, is pleased to provide an update on progress
at La Patona Gold Ore Processing Plant ("GOPP"), located in Acari, about 45km
from the Company's Tesoro Gold Concession.

Final contracts have been signed with the owner of the part-built GOPP. These
agreements grant the Company, via its wholly owned Peruvian subsidiary, the
right to manage, design, complete and operate the part-built processing plant
on the site, utilising the existing permits. Negotiation of these agreements
with the plant owner has taken longer than originally anticipated and has
therefore delayed the start of site works by up to 15 weeks.

The GOPP, when completed, will occupy an area of approximately 15 hectares.
The engineering, procurement, and construction ("EPC") of the GOPP will be
undertaken by a specialist contractor. Three potential contracts are under
close consideration by Nativo, and the Company will provide an update in due
course once an EPC contractor has been appointed.

As previously announced, the GOPP will be designed and constructed as a dual
circuit flotation and cyanidation operation, incorporating a smelter to
produce gold doré bars. The total solids throughput for Phase 1 is designed
at 220 tonnes per day. The flotation circuit will operate in series with the
cyanidation circuit, which has a capacity of 70 tonnes per day, with a pull
ratio of 15 in the flotation circuit to maximise recovery.

Based on refined plans, prepared by the Company's metallurgy advisor and
expected head grades of up to 5 g/t gold for the flotation circuit and a
blended head grade of between 23 and 25 g/t gold for cyanidation, the GOPP at
full capacity is expected to recover between 1.4 kg to 1.7 kg / gold per day,
subject to availability of sufficient material to be processed. The GOPP's
design also provides flexibility for potential future expansion and throughput
scale-up.

On-site metallurgy and assaying will be conducted in a purpose-built
laboratory unit, enabling the assaying of third-party ore.

Nativo anticipates that construction and commissioning of the GOPP will be
completed by H2 of 2026 and will cost an estimated $1.8 million.

Once an EPC contractor has been selected, Nativo's Processing Engineer,
Bernardino Alegría Aragón, will oversee the construction, commission, and
day-to-day operations of the GOPP.

Bernardino brings more than 30 years of hands-on experience in mineral
processing engineering, plant design, commissioning, and operations across
gold and copper projects worldwide. His expertise encompasses detailed process
engineering for feasibility studies, mill design and construction, plant
instrumentation, metallurgical testing, and commissioning through to capacity
ramp up and optimisation. He has extensive practical experience in gold ore
processing through to production, including CIP and CIL circuits, cyanide
destruction, metallurgical accounting, and operational optimisation, together
with copper flotation plant design and operation.

Bernardino has held senior leadership roles including Process Engineering
Leader, Commissioning Leader, Mill Superintendent, Senior Metallurgist, and
Project Engineer with internationally recognised organisations such as
Ausenco, FLSmidth, B2Gold, and First Quantum Minerals.

Stephen Birrell, Chief Executive Officer of Nativo, commented:

 

"We are encouraged by the progress achieved to date at the GOPP. We have full
confidence that the next phase of work will be expertly led by Bernardino
Alegría Aragón, whose proven track record in commissioning through to
bullion production, strong cost discipline, and experience operating within
the Peruvian mining environment, make him a key asset to Nativo as it advances
its gold ore processing strategy. We look forward to progressing the remaining
pre-construction works and moving toward the construction and commissioning of
our own gold ore processing plant in the second half of this year. This
represents a compelling opportunity, particularly in light of the strong
global demand for gold."

 

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)

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