Announcement • Aug 08
Nativo Resources plc Publishes Peru Gold Processing Sector Benchmark Analysis and Ore-Supply Market Study Nativo Resources Plc announced the publication of a research note benchmarking the Company's proposed La Patona Gold Ore Processing Plant in the Caravelí region of Peru against the five most relevant operating comparators in Peru's institutional artisanal and small-scale mining gold processing sector, alongside a market study on regional ore supply. The benchmark analysis confirms that the ore-purchasing, asset-light gold processing model generates 10-13% operating margins at scale in Peru - validated by Dynacor (USD 397.6 million revenue, 12.4% gross margin, Fiscal year 2025) and Paltarumi (approximately USD 268 million revenue, 11.6% EBITDA). La Patona's proposed 350 tpd full-build plant is designed to operate within this benchmark range, with structural advantages in feed security, governance and human capital efficiency that distinguish it from current market participants. Peru's ASM gold sector is one of the world's largest concentrations of high-grade gold extraction outside formal mine structures. The Caravelí and Chala belts of Arequipa region alone support multiple processing plants operating at 150-500 tpd throughput, purchasing ore from hundreds of registered ASM miners and selling doré to LBMA-accredited Swiss refineries. Five comparators define the current institutional benchmark: Dynacor /Veta Dorada: The sector's most transparent financial benchmark. TSX-listed. 113,791 AuEq oz in Fiscal year 2025; USD 397.6 million revenue; 12.4% gross margin. LBMA-aligned chain of custody to Argor-Heraeus and Metalor. Paltarumi S.A.C.: The closest structural peer to La Patona. Private. 350 tpd, Caravelí belt. Approximately USD 268 million revenue, 11.6% EBITDA. High-grade feed discipline (estimated 29-31 g/t Au). Soleil Metals (OCIM): Two-plant operator restarted July 2025 after Inca One receivership. Swiss Better Gold certified, aXedras digital traceability, Argor-Heraeus offtake. Predecessor collapse at 20% utilisation is the sector's most instructive cautionary case. Mollehuaca: Regional 150 tpd CIP + flotation operator in the Caravelí belt. Lean 75-person workforce (2.0 tpd/employee). Process analogue for La Patona's planned circuit. Laytaruma: Large-scale private operator with no public governance framework. Regulatory and reputational risk benchmark - illustrating the consequences of scale without transparency. La Patona - Nativo Resources Plc: Proposed ore purchasing and processing. Own Nativo ore (feed backstop) + purchased ASM ore. Phased 70 ? 110 ? 350 tpd build. LBMA-aligned from inception. 350 tpd full build; 70 tpd Phase 1. Modelled: 70 tpd. Positioned to combine the financial benchmarks of Dynacor and Paltarumi with a lean workforce model, own-ore feed security and best-in-class LBMA governance. Modelled human capital metrics superior to all current comparators. The following benchmarks are derived from the peer analysis and represent the metrics against which La Patona's operational performance should be assessed as production commences. They are grounded in the Dynacor and Paltarumi track records and calibrated to La Patona's planned scale. Operating margin per tonne processed: Target Dynacor benchmark: approximately USD 2,050/t at 12.4% gross margin. Gross margin per AuEq ounce recovered: Dynacor benchmark: approximately USD 305/oz (2024). La Patona's lean cost base should support this. Plant utilisation rate: Target =85% of permitted throughput. Inca One operated at 20% - a benchmark for the floor below which the business model becomes unviable. Head grade of purchased ore: Minimum 15 g/t Au; target 20-25 g/t. Grade discipline is the primary commercial lever in ore-purchasing economics. Recovery rate: Target =90% by ore type, rolling monthly. CIP + flotation dual-route provides flexibility across 5-25 g/t Au range. Chain-of-custody compliance: 100% traceable deliveries from first shipment. Zero tolerance on sourcing exceptions. The Dynacor dataset provides the most transparent financial benchmark available for the sector. In 2024, Dynacor generated USD 284 million of revenue from 117,552 AuEq ounces at a gross operating margin of 12.6% - approximately USD 305 per AuEq ounce. In Fiscal year 2025, preliminary results indicate USD 397.6 million revenue at a 12.4% gross margin from 113,791 AuEq ounces. These figures confirm that the core business model is both durable and scalable across a wide range of gold prices. Paltarumi's SUNAT-derived data supports this picture: approximately USD 267-269 million of revenue at an 11.6% EBITDA margin from a 350 tpd plant - precisely the scale at which La Patona is designed to operate at full build. Announcement • Jul 31
Nativo Resources plc has completed a Follow-on Equity Offering in the amount of £0.043375 million. Nativo Resources plc has completed a Follow-on Equity Offering in the amount of £0.043375 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 21,687,500
Price\Range: £0.002 Announcement • Jul 28
Nativo Resources plc has completed a Follow-on Equity Offering in the amount of £0.64 million. Nativo Resources plc has completed a Follow-on Equity Offering in the amount of £0.64 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 320,000,000
Price\Range: £0.002 
