Nativo Resources — Agreement to Evaluate Gold-Silver Tailings Project

(LSE:NTVO) Nativo Resources has signed an exclusive Letter of Intent (LoI) to evaluate the recovery of gold and silver from historical tailings and potential ongoing feed from La Joya Mining’s operating 350 tonnes per day plant. The LoI grants Nativo Resources exclusivity through April 2027. The agreement also provides a right of first refusal for Nativo Resources through July 2027. Under the terms of the LoI, Nativo Resources and BOKU will fund the plant design, construction, and commissioning. La Joya Mining (LJM) will supply tailings and provide site access for the project. An independent metallurgical review and due diligence process has commenced, with all costs to be borne by Nativo Resources. Initial findings from the metallurgical review are expected in Q4 2026. The LoI is described as principally non-binding. There is no certainty that the project will proceed, as it is subject to technical, permitting, and financing outcomes. The project involves evaluating both historical tailings and ongoing feed from the existing plant. The operating plant has a capacity of 350 tonnes per day. The exclusivity period for Nativo Resources runs until April 2027, and the right of first refusal extends until July 2027. The independent review and due diligence are being conducted at the expense of Nativo Resources. The LoI does not guarantee that the project will advance beyond the evaluation stage. The agreement outlines the roles of Nativo/BOKU and LJM in funding and supplying materials, respectively. The timeline for initial findings from the review is set for the fourth quarter of 2026.