Nativo Resources Plc · LSE:NTVO
Nativo Resources — Investor Presentation (March 2026)
23 slides from Nativo Resources's investor presentation, March 2026
Slide 1: Near-Term Gold Mining & Processing in Peru
LSE:NTVO Near-Term nativoresources.com Gold Mining & Processing in Peru NTVO | March 2026
Slide 2: Overview
Overview • Core strategy: ➢ Early cash flow from formalised artisanal mining on Tesoro Gold Concession (Bonanza, Morrocota mines) ➢ Bonanza ore sales due to start Q2-26 (underground operations restarted Feb-26) ➢ 5 other areas within the concession identified as potential future mines ➢ Developing o
Slide 3: Key Milestones
Key Milestones 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 First sale of mined material from Bonanza Acquired 2nd gold mine – Morrocota Jan-25 Restructured £1M Spartan loan, maturing 2028 Mar-
Slide 4: Funding
Funding • Raised over £3m in 2025 to fund Peru strategy • £2m secured funding (Nov-25) from YA II PN (Yorkville Advisors), consisting of: ➢ £200,000 of equity, priced at the agreed market rate at the time of transaction ➢ £1.8m CLN • Conversion price is fixed premium of 15% to the closing price of t
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; J.P. Morgan projects in a bullish scenario gold could reach about $6,300 per ounce by the end of 2026* • Ultimate safe-haven asset, maintaining value in times of volatility • Record highs in 2026, underpinned by potential Central Bank purchases, Federal
Slide 7: Strategy/Gold Price Evolution
Strategy/Gold Price Evolution • Nativo initiated its gold strategy prior to the recent acceleration in gold prices, which have risen from approximately $2,200/oz at strategy inception to over $5,100/oz Aim to restart mining at Bonanza Took over First gold 100% of production Peru JV from Bonanza JV f
Slide 8: Tesoro Gold Concession
Tesoro Gold Concession • Located in Nazca Ocona proven gold belt • High-grade mesothermal vein project • Narrow, steep quartz–calcite veins • Target: 5–25 g/t Au ore shoots • Ore shoots persist to 100 to 300m depth • Nativo has successfully mined Bonanza (2024) achieving maximum grades up to 63 g/t
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 N 2.25km from 2004-2014 on Nativo concession Nativo Concession ➢ Next slide shows work undertaken by Nativo in Nov-25 using new Boundary fieldwork and incorporating St Elias results ➢ From the St Elias work we can see that the Zona Central, Z
Slide 11: Tesoro Gold Concession
Tesoro Gold Concession • Nativo carried out detailed studies to resume mining and identify new areas to mine • In addition to the Bonanza Vein Study, Nativo completed a wider Tesoro study identifying additional areas for mining • Study includes mapping and sampling of veins identified across Tesoro,
Slide 12: Tesoro Gold Concession
Tesoro Gold Concession Bonanza mine underground sample campaign results: ➢ Key values include maximum measurement of 40.2 g/t Au with multiple samples > 20 g/t Au, several between 5-6 g/t Au and numerous 1-3 g/t Au samples ➢ Matches well with the historical sample results which showed two around 27
Slide 13: Tesoro Gold Concession
Tesoro Gold Concession Bonanza mine development and recovery of vein material: ➢ Early intersection of gold-bearing vein material within first 6 m of newly advanced heading ➢ Prioritising high-confidence gold target zone ➢ Advancing with high-precision underground development ➢ Active recovery/sampl
Slide 14: 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 completed • Mine access completed and is being enhanced by the mining contractor, Kuboc, who have
Slide 15: 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) • Final contracts signed with owner of a part-built plant to manage, design, complete, and operate the facility • Engineering, procurement, and construct
Slide 16: 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 INVESTOR PRESENTATION outline Google Earth Image of La
Slide 17: 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 Custody Transfer ➢ Grades are separated with low grades going to flotation (<5g/t) and high grades direct to Cyanidation ➢ Each circuit input will be blended to run
Slide 18: 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 19: 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 20: Critical Path (24 Months)
Critical Path (24 Months) • Ore sales from Bonanza mine Q2-26 • Build and commission La Patona Gold Ore Processing Plant (H2-26) • Progress Toma La Mano tailings deposit towards FID by completing the feasibility study and establishing a plant • Develop additional mine sites at Tesoro • Acquire furth
Slide 21: 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 22: LSE:NTVO nativoresources.com
LSE:NTVO nativoresources.com @nativoresources Nativo Resources The Bonanza shaft at the Tesoro Gold Concession, Peru (Sep-24)
Slide 23: 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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