Operational Update: Tesoro Gold Mine

Nativo Resources plc (LON:NTVO), which has interests in precious metals mining and production in Peru, is pleased to provide the following update on the Tesoro Gold Mine ("Tesoro") in southern Peru, which is held by the Company's 50%-owned Peruvian joint venture, Boku Resources SAC ("Boku").

Further to the Company's announcement on 25 November 2024, Boku has made its first mineral sale of a batch of 42.973 tonnes of ore, with 10 tonnes produced exclusively from the "Bonanza" vein in block one. The batch had an average grade of 15.6 g/t Au and has been sold to a local gold ore processing plant in the Arequipa region.

Notably, the 10 tonnes from block 1 reached average grades of 63.6 g/t, following assay by the plant's metallurgy laboratory. These represent the highest grades yet seen in the mine.

Boku will continue to focus on exploiting high grades at a tonnage of between 1 to 3 tonnes per day as it brings the next blocks into production and increases production accordingly.

Stephen Birrell, Chief Executive Officer of Nativo, commented:

"We are really happy with the mine performance and our maiden production, which is recovering very high grades. The focus on grade, ahead of volume, is key to maximising operating profits at the mine."

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