Nativo Resources Plc · LSE:NTVO
Nativo Resources — Investor Presentation (December 2025)
22 slides from Nativo Resources's investor presentation, Dec 9, 2025
Slide 1: Near-Term Gold Mining & Processing in Peru
LSE:NTVO Near-Term nativoresources.com Gold Mining & Processing in Peru
Slide 2: Overview
Overview • Core strategy: ➢ Early cash flow from formalised artisanal mining on Tesoro Gold Concession (Bonanza, Morrocota mines) ➢ Developing own gold ore processing plant, replacing tolling ➢ Secure and clean known tailings deposits containing gold and silver ➢ Acquire other gold mines with short
Slide 3: Key Milestones Achieved
Key Milestones Achieved Jul-24 Formed gold mining JV, Peru with 1st gold mine Sep-24 Rebranded as Nativo Oct-24 Agreement for establishment of gold ore processing plant Dec-24 Inaugural revenues from sale of mined material Acquired 2nd gold mine – Morrocota Jan-25 Restructured £1M Spartan loan, matu
Slide 4: Funding
Funding • Raised over £3m in 2025 to fund the Peru strategy • £2m secured funding (Nov-25) from YA II PN (Yorkville Advisors), consisting of: ➢ £200,000 equity, priced at market price ➢ £1.8m CLN • Conversion price is fixed premium of 15% to the closing price of the shares on the day prior to comple
Slide 5: Peru
Peru • Significant mineral wealth • Clear and robust mining regulations • Relatively low production costs • Experienced local suppliers • Highly receptive to foreign investment Currently operating in Peru: INVESTOR PRESENTATION 5
Slide 6: Gold Market
Gold Market • Gold doubled over past 2 years; Morgan Stanley mid 2026 price target of $4,500/oz* • Ultimate safe-haven asset, maintaining value in times of volatility • Record highs in 2025, underpinned by potential Central Bank purchases, Federal Reserve rate cuts, and potential geopolitical shocks
Slide 7: Strategy/Gold Price Evolution
Strategy/Gold Price Evolution Aim to restart mining at Bonanza – Dec 25 Took over 100% of Peru JVs First gold production JV for gold from concession Bonanza Nativo pivots & tailings to gold and business PERU ASSET OVERCIEW opens talks in Peru 7
Slide 8: Tesoro Gold Concession
Tesoro Gold Concession • Located in a proven gold belt • High-grade mesothermal vein project • Narrow, steep quartz–calcite veins • Target: 12–20 g/t Au ore shoots • Ore shoots persist >300–600 m depth • Nativo has successfully mined Bonanza (2024) achieving up to 63 g/t Au PERU ASSET OVERCIEW Sacks
Slide 9: Tesoro Gold Concession
Tesoro Gold Concession • Greater Tesoro Concession previously explored and mined by St Elias (2004–2014) • Full suites of geological mapping, trenching, geophysical surveys, drilling, sampling and underground work ➢ St Elias extracted over 1,157 tonnes at an average grade of Au 32 g/t from three vei
Slide 10: Tesoro Gold Concession
Tesoro Gold Concession Overlay of St Elias sample results from 2004 – N 2.25km 2014 on Nativo concession ➢ Next slide shows work undertaken by Nativo Nativo in Nov-25 using new field work and Concession incorporating the St Elias results Boundary ➢ From the St Elias work we can see that the Zona Cen
Slide 11: Tesoro Gold Concession
Tesoro Gold Concession • Nativo is carrying out detailed studies to resume mining and identify new areas to mine • In addition to the Bonanza Vein Study, Nativo is undertaking a wider Tesoro study to identify areas for ASM mining • Study includes mapping and sampling of veins identified across Tesor
Slide 12: Bonanza Field Activities
Bonanza Field Activities • 20 trenches completed along Bonanza vein - excavated, logged, sampled and prepared for dispatch to Certimin lab • Geological sections, longitudinal profiles and modelling work commenced • Mine access rehabilitation advancing in line with the preliminary engineering plan; t
Slide 13: La Patona Gold Ore Processing Plant
La Patona Gold Ore Processing Plant • Lucrative support business to Peru’s artisanal sector (Dynacor, Mollehuaca, Vista Gold servicing the sector) • Secured permits and land for a “part built” gold ore processing plant, 45 km from Tesoro, known as La Patona • Procurement and supplier selection under
Slide 14: La Patona Construction Progress
La Patona Construction Progress • Design completed with equipment suppliers selected and prices and delivery times agreed • Works include: ➢ Water borehole and pump ➢ Electrical works with 1.8 km 500 kV cable ➢ 350 tpd ore crushing unit ➢ 150 tpd flotation circuit ➢ 70 tpd lixiviation circuit; chemi
Slide 15: La Patona Gold Ore Processing Plant
La Patona Gold Ore Processing Plant The plant is part-built with key ground works completed and some buildings started Key elements are: 1. Crushing Circuit – Red outline 2. Milling and Flotation Circuit – Green outline 3. Tailings Pond – Purple outline INVESTOR PRESENTATION Google Earth Image of La
Slide 16: La Patona – Process Flow
La Patona – Process Flow 1. Crushing and Dry Milling circuit (350 TPD) ➢ Custody transfer occurs after assay and measurement at the lab ➢ Grades are separated with low grades going to flotation (<5g/t) and high grades direct to Cyanidation Custody Transfer ➢ Each circuit input will be blended to run
Slide 17: Tailings Cleaning Projects
Tailings Cleaning Projects • Identified 7 tailings dumps across Peru from historical/ongoing polymetallic mining which contain gold and silver ➢ Internal combined estimate from 2023 work of 4.9 Mt for 243,000 oz AuEq across initial 7 dumps • First deposit signed up in Mar-25, 1.8M tonnes • Environme
Slide 18: Tailings Cleaning Process
Tailings Cleaning Process • Hydraulic mining or digging • De-sliming and sizing (Gravity or other) • Thickening • CIL or CIP Cyanidation • Au – Ag recovery via carbon/Electrowinning/Merril-Crowe • Cyanide detox • Paste/Dry stack disposal • Integrated Rehab INVESTOR PRESENTATION • Absorption • Smelti
Slide 19: Critical Path (24 Months)
Critical Path (24 Months) • Bring Bonanza into production • Build and commission La Patona • Progress the Toma La Mano tailings deposit towards FID by completing the Feasibility Study – and establish plant • Develop additional mine sites at Tesoro • Acquire further tailings deposits INVESTOR PRESENT
Slide 20: Leadership
Leadership Christian Yates Stephen Birrell Andrew Donovan Jorge Pinedo Executive Chair CEO Non-Executive Director Operations Director Extensive experience Senior C-suite executive Chartered Accountant, Over 33 years’ experience in at CEO and Board level, with more than 37 who trained at Arthur opera
Slide 21: LSE:NTVO
LSE:NTVO nativoresources.com @nativoresources Nativo Resources The Bonanza shaft at the Tesoro Gold Concession, Peru
Slide 22: Disclaimer
Disclaimer The information contained in this document (“Presentation”) has been prepared by Nativo Resources plc (the “Company”). While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or adviser
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