Operational Update: Bonanza Gold Mine

Nativo Resources Plc

11 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.

11 February 2026

Nativo Resources Plc

("Nativo" or the "Company")

Operational Update: Bonanza Gold Mine

Bonanza underground geological mapping and grade control sampling complete; mining contractor mobilised to site

Further to the announcement on 12 January 2026, Nativo Resources plc (LON:NTVO), a gold-focused mining company with interests in Peru, is pleased to announce that the additional underground sampling programme has been completed. This involved taking a further 117 samples from focus areas within the Tesoro Concession to confirm the structural continuity of the vein system, support the commencement of production and optimise mine planning and grade control at the Bonanza Gold Mine ("Bonanza").

All samples were sent to SGS del Peru S.A.C. ("SGS"), an internationally recognised and independent laboratory, for multi-element analysis. The Company will report results once all assays have been returned and analysed in approximately three weeks A detailed report will be produced in support of the mine development.

Following the 26 January 2026 announcement, the Company is also pleased to confirm that the appointed mining contractor, Constructora e Inversiones Andina Kuboc C&P SAC ("Kuboc"), has mobilised to site. Kuboc is undertaking preparatory works, including widening shafts and galleries and installing equipment at the shaft head for more efficient recovery of material to the surface.

Stephen Birrell, Chief Executive Officer of Nativo, commented:

"We are pleased to have completed the underground sampling phase of the pre-mining programme, designed to confirm the structural continuity of the mineralisation and provide further confidence as we prepare to recommence mining operations at Bonanza.

It is also great to have the mining contractor on site, working closely with our technical team to complete preparatory works, representing an important step for the Company as we look to commence production in the near future."

For further information please contact:

Nativo Resources  Stephen Birrell, Chief Executive Officer	Via Vigo Consulting  [e-mail]
Zeus (Nominated Adviser and Joint Broker)  James Joyce  James Bavister	Tel: [phone]
AlbR Capital Limited (Joint Broker)  Duncan Vasey  Lucy Williams  Rose Greensmith	Tel: [phone]
Vigo Consulting (Investor Relations)  Ben Simons  Peter Jacob  Anna Sutton	Tel: [phone]  [e-mail]

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.

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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.

 

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