Operations Update

Summary by AI ^BETAClose X

Nativo Resources Plc has provided an operations update detailing progress at its Tesoro Gold Concession and the La Patona Gold Ore Processing Plant (GOPP). Approximately 46 tonnes of mineralised vein material have been extracted from Tesoro, with geological sampling confirming high-grade shoots and guiding the company to focus on the most prospective areas for future development, including a new shaft. The La Patona GOPP is construction-ready, pending project financing, with engineering, procurement, and costings finalised. Discussions with potential funding partners are advanced, and an offtake agreement is under consideration. The GOPP is designed as a regional hub capable of processing 70 tonnes per day with targeted blended feed grades of 15-20 g/t Au, and construction is expected to commence following financing, with commissioning targeted for Q4 2026.

Disclaimer*


Tesoro	Zone 01 (Tensional 01)	15	CH-Z01-009	0.10	13.84	1.93	0.54	0.24-0.98
Tesoro	Zone 04 (E-W Tensional System)	33	CH-Z04-012	0.10	7.73	0.85	0.17	0.10-0.58
Tesoro 1	Zone 02 (Tesoro & NW Branch)	38	CH-Z02-002	0.15	10.10	0.72	0.08	0.05-0.21
Tesoro 1	Zone 03 (Tesoro Structure)	10	CH-Z03-007	0.10	10.87	2.38	0.89	0.12-2.04


≥0.5 g/t Au	31 of 96	32%	████████░░░░░░░░░░░░░░░░
≥1.0 g/t Au	18 of 96	19%	█████░░░░░░░░░░░░░░░░░░░
≥3.0 g/t Au	10 of 96	10%	███░░░░░░░░░░░░░░░░░░░░░
≥5.0 g/t Au	8 of 96	8%	██░░░░░░░░░░░░░░░░░░░░░░
≥10.0 g/t Au	3 of 96	3%	█░░░░░░░░░░░░░░░░░░░░░░░


Au	Gold
channel samples	Samples collected by cutting a continuous channel across a vein or mineralised zone, providing a representative cross-section of the mineralisation.
Exploration Target	A statement of the potential quantity and grade, or quality, of mineralisation. An Exploration Target is conceptual in nature and is based on limited data; there has been insufficient exploration to estimate a Mineral Resource.
g/t	Grams per tonne
GOPP	Gold Ore Processing Plant
JORC	The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (2012 Edition), published by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia.
Mineral Resource	A concentration or occurrence of solid material of economic interest in or on the Earth's crust in such form, grade (or quality), and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade (or quality), continuity and other geological characteristics of a Mineral Resource are known, estimated or interpreted from specific geological evidence and knowledge, including sampling. Mineral Resources are sub-divided, in order of increasing geological confidence, into Inferred, Indicated and Measured categories.
oz	Ounces
shoots	Discrete, higher-grade zones of mineralisation developed within a vein system, typically elongated along the vein.
tpd	Tonnes per day

Companies

Nativo Resources (NTVO)

UK 100

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SAMPLE CODE	CHANNEL WIDTH (m)	DIP	Au_oz	Au_ppb
700001	0.1	80	0.04	1310
700003	0.1	75	0.02	480
700004	0.2		0.02	540
700005	0.2	75	0.03	910
700007	0.2		0.01	390
700008	0.1	80	0.00	80
700009	0.2		0.01	290
700010	0.1	75	0.00	80
700011	0.2		0.00	40
700013	0.1	80	0.01	280
700014	0.2		0.00	40
700015	0.2	80	0.01	200
700016	0.2		0.00	90
700018	0.1	75	0.00	70
700019	0.2		0.01	140
700020	0.2	75	0.00	70
700021	0.1		0.45	13840
700022	0.1	80	0.01	310
700023	0.2		0.01	290
700024	0.1	80	0.03	1040
700025	0.2		0.00	120
700026	0.1	70	0.03	870
700027	0.2		0.03	840
700028	0.15	80	0.26	8050
700029	0.2		0.04	1310
700030	0.1	80	0.01	320
700031	0.15		0.03	880
700032	0.2		0.00	110
700033	0.1	80	0.02	540
700034	0.2		0.04	1360
700035	0.1	70	0.10	3000
700036	0.2		0.03	1020
700037	0.15	75	0.33	10100
700038	0.2		0.07	2060
700040	0.15	80	0.09	2930
700041	0.2		0.04	1110
700042	0.15	85	0.18	5580
700043	0.2		0.05	1460
700044	0.1	75	0.00	70
700045	0.2		0.00	50
700046	0.1	65	0.00	100
700047	0.2		0.03	770
700048	0.15	65	0.03	830
700050	0.2		0.02	520
700051	0.1	70	0.02	580
700052	0.2		0.02	460
700053	0.1	75	0.02	750
700054	0.1		0.01	440
700055	0.2		0.00	110
700057	0.1	75	0.01	390
700058	0.1		0.00	90
700059	0.2		0.00	40
700060	0.1	75	0.00	50
700061	0.2		0.00	40
700062	0.1	75	0.00	50
700063	0.1		0.00	40
700064	0.2		0.00	70
700065	0.2	75	0.00	100
700066	0.2	75	0.00	20
700067	0.2	75	0.00	60
700068	0.2	75	0.00	70
700069	0.2	75	0.01	150
700070	0.2	75	0.00	70
700071	0.2	75	0.00	30
700072	0.2	75	0.00	20
700073	0.2	75	0.00	60
700074	0.2	75	0.00	100
700076	0.15	75	0.00	50
700077	0.2		0.00	90
700078	0.1	75	0.00	40
700079	0.1		0.00	30
700080	0.2		0.00	120
700081	0.1	75	0.00	70
700082	0.2		0.00	20
700083	0.1	80	0.00	20
700084	0.2		0.00	20
700085	0.1	80	0.00	50
700086	0.2		0.00	20
700087	0.1	65	0.03	980
700088	0.2		0.00	20
700089	0.1	65	0.01	170
700090	0.2		0.00	100
700092	0.1	65	0.01	220
700093	0.2		0.00	70
700094	0.1	65	0.00	80
700095	0.2		0.00	20
700097	0.1	65	0.00	70
700098	0.2		0.00	20
700099	0.1	65	0.00	110
700100	0.2		0.00	40
700101	0.1	65	0.00	90
700102	0.2		0.00	40
700103	0.1	65	0.00	40
700104	0.2		0.00	70
700105	0.1	65	0.00	60
700106	0.2		0.00	20
700108	0.1	65	0.01	140
700109	0.2		0.00	30
700110	0.1	65	0.00	60
700111	0.2		0.00	20
700112	0.1	70	0.00	80
700113	0.2		0.00	30
700114	0.1	70	0.01	40
700115	0.2		0.00	10
700116	0.1	70	0.07	2120
700117	0.2		0.00	70
700119	0.1	70	0.03	770
700120	0.2		0.00	30
700121	0.1	75	0.06	1810
700122	0.2		0.01	220
700123	0.1	75	0.00	100
700124	0.2		0.00	20
700125	0.1	70	0.35	10870
700126	0.2		0.03	930
700127	0.1	70	0.01	180
700128	0.2		0.00	100
700129	0.1	70	0.03	1010
700130	0.2		0.01	370
700131	0.1	70	0.22	6860
700132	0.2		0.03	990
700133	0.1	80	0.01	170
700134	0.2		0.00	50
700135	0.2	80	0.02	470
700136	0.2		0.00	100
700138	0.1	75	0.01	170
700139	0.2		0.00	70
700140	0.1	70	0.00	120
700141	0.2		0.00	20
700142	0.1	70	0.02	740
700143	0.2		0.00	80
700145	0.1	80	0.01	150
700146	0.2		0.00	100
700147	0.15	85	0.06	1750
700148	0.2		0.07	2040
700149	0.12	85	0.01	430
700150	0.2		0.01	320
700151	0.1	80	0.03	770
700152	0.2		0.00	110
700153	0.1	80	0.04	1150
700154	0.2		0.01	280
700156	0.1	80	0.10	3150
700157	0.2		0.00	80
700158	0.1	80	0.25	7730
700159	0.2		0.04	1210
700160	0.1	80	0.24	7590
700161	0.2		0.01	190
700162	0.1	75	0.01	230
700163	0.2		0.00	80
700164	0.1	75	0.00	40
700165	0.2		0.00	30
700166	0.12	80	0.03	800
700167	0.2		0.00	110
700168	0.1	80	0.00	50
700170	0.2		0.00	30
700171	0.1	80	0.00	100
700172	0.2		0.00	30
700173	0.1	80	0.01	180
700174	0.2		0.00	120
700175	0.1	80	0.00	60
700176	0.2		0.00	60
700177	0.13	70	0.00	100
700179	0.2		0.00	60
700180	0.1	70	0.00	50
700181	0.2		0.00	40
700182	0.1	85	0.00	70
700183	0.2		0.00	40
700184	0.1	85	0.01	150
700186	0.2		0.00	60
700187	0.1	85	0.00	130
700188	0.2		0.00	50
700190	0.1	85	0.00	30
700191	0.2		0.00	30
700192	0.1	85	0.00	80
700193	0.2		0.00	30
700194	0.1	85	0.01	280
700195	0.2		0.00	50
700196	0.1	85	0.01	320
700197	0.2		0.00	20
700198	0.1	75	0.00	60
700199	0.2		0.00	30
700200	0.1	85	0.02	580
700202	0.2		0.00	40
700203	0.1	80	0.00	120
700205	0.2		0.00	70
700206	0.1	85	0.01	140
700207	0.2		0.00	30

Operations Update

Summary by AI ^BETAClose X

Tesoro Development Update

Geological Review and Next Development Phase

La Patona Gold Ore Processing Plant ("GOPP")

Exploration Results Disclosure

Companies

UK 100

Latest directors dealings

Operations Update

Summary by AI BETAClose X

Tesoro Development Update

Geological Review and Next Development Phase

La Patona Gold Ore Processing Plant ("GOPP")

Exploration Results Disclosure

Companies

UK 100

Latest directors dealings

Summary by AI ^BETAClose X