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Nativo Resources LSE : NTVO nativoresources.com Near - Term Gold Mining & Processing in Peru August 2026
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INVESTOR PRESENTATION Leadership Christian Yates Executive Chair Stephen Birrell CEO Christian boasts over 35 years of international experience leading, building and transforming businesses across public and private markets, having chaired two listed companies. He has a proven track record in strategy, capital raising, and execution, with deep institutional fund management experience. At Nativo, Christian is responsible for corporate leadership, strategic direction, investor relations and transaction execution. With more than 37 years of senior executive experience and an applied Geology degree from Strathclyde, Stephen possesses renowned mining credentials. Having led a career in the petroleum industry across the world, Stephen pivoted to resources and now leads all operational and corporate development. Andrew Donovan Non-Executive Director An Arthur Andersen trained Chartered Accountant with over 28 years in investment banking at Schroders, Citi, Lexicon Partners, Evercore, and Schroders Greencoat, Andrew provides a wealth of governance and transaction expertise. 2 Jorge Pinedo Operations Director With more than 33 years of operations and production experience worldwide, Jorge is a Peruvian national who leads all domestic operations, mining, plant development, and regulatory relationships.
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Overview INVESTOR PRESENTATION ➢ Gold Mining: Tesoro Concession ➢ High-grade mesothermal vein project in Nazca–Ocoña gold belt. ➢ JORC Exploration Target (May-26): 6.7k–195k Au oz across 4 vein systems. ➢ 46t of vein material stockpiled for processing. ➢ Grades up to 63 g/t achieved. Average sold grades of 17.6 g/t Au in 2024/25. ➢ Gold Processing: La Patona Plant ➢ Planning for a dual-circuit flotation and cyanidation plant (Phase 1: 70 TPD; Phase 2: 350 TPD). ➢ FEED complete, Basis of Design ready for EPC. ➢ FID and commissioning targeted H2 2026. ➢ Gold doré production with on-site smelter. ➢ Tailings Cleaning Pipeline ➢ 7 tailings dumps identified - internal estimate 4.9 Mt / 253.1k oz AuEq. ➢ First deposit (1.8M tonnes) signed March 2025. ➢ Low capex, low risk, scalable across Peru. ➢ Environmental liability solution drives landowner engagement. 3 Ticker (LSE: NTVO) | Market Cap @ 0.22p £3.0M | Shares in Issue 1,359M (3 Aug 2026)
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INVESTOR PRESENTATION H2 2026 Catalysts 4 1. Project-Level Plant Funding Announce plant financing structured to combine project finance, royalty / stream and equity, designed with dilution for Nativo shareholders at the forefront 2. Plant Off-Take Agreement Announce formal off-take agreement with major commodities group for gold doré production, providing revenue assurances ahead of commissioning 3. New Tailings Project Announce new tailings cleaning project with a major Peruvian mine and plant operator to expand scalable pipeline 4. Maiden Production Enhancement Deal Announce entry into new gold mine and plant project – the first ‘production enhancement’ engagement on an existing operation 5. Tesoro Mining Restart (Tesoro_1 Focus) Advance underground development targeting Tesoro_1, the highest-grade vein in the May 2026 JORC Exploration Target (up to 28,177 oz Au at grades up to 11.85 g/t); the next shaft positioning now confirmed will target Tesoro and Tesoro_1 vein systems
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Tesoro Gold Concession – High-Grade Vein Project 5 ➢ Nazca–Ocoña proven gold belt ➢ High-grade mesothermal quartz-calcite vein project; ore shoots persist at 100 – 300m depth ➢ Target ore grades: 5–25 g/t Au; historical maximum of 63 g/t achieved by Nativo on Bonanza vein ➢ Maiden JORC Exploration Target (May 2026): contained gold 6,686 – 195,434 oz Au across four vein systems (tonnages of 79,051 – 316,200t) ➢ 46 tonnes of vein material stockpiled for processing ➢ Surface mapping and sampling across additional zones is de-risking further mine sites ➢ Greater Tesoro previously explored by St Elias (2004– 2014): >1,157 tonnes at avg 32 g/t extracted ➢ Nativo’s JORC Exploration Target correlates with and extends St. Elias’s historical data ➢ Bonanza mined and sold 48.5 dry tonnes of vein material at a weighted average grade of Au 17.6 g/t in Dec-24 / Jan-25 INVESTOR PRESENTATION JORC Exploration Target, May 2026 6,686 – 195,434 oz Contained Au JORC Exploration Target 4 Vein Systems Identified Tesoro_1 high graded 63 g/t Max. Grade Achieved Bonanza vein, 2024 46 tonnes Ore Stockpiled Ready for La Patona processing
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INVESTOR PRESENTATION La Patona Gold Ore Processing Plant The Design Evolution Story • The step from concept to FEED — with Basis of Design documents completed by an independent team of process and metallurgical engineers — has materially improved project economics. The changes reflect greater technical rigour, not a correction of prior errors. 6 1. Concept Design ➢ Initial plant layout and technology selection, part- built structure acquired under contract to manage, design and operate 2. FEED Complete ➢ Front End Engineering Design finalised and basis of Design ready for EPC contractor tender 3. Detailed Design / EPC ➢ Subject to funding, next stage; FID, construction and commissioning targeted H2 2026
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INVESTOR PRESENTATION La Patona Plant Specifications 7 Technology Dual-circuit: flotation + cyanidation; on-site smelter for gold doré production Phase 1 Capacity 70 TPD (cyanidation only) | Expected grade: 15 – 25 g/t Phase 1A Capacity 110 TPD | Estimated production: 1.47 – 2.50 kg Au/day Phase 2 Capacity 350 TPD (240 TPD flotation + cyanidation) | 2.54 – 5.78 Au/day Feed Grades Lixiviation: 15 – 25 g/t | Floatation: 5 – 15 g/t Location Yauca-Chala corridor, an established artisanal and commercial sector (alongside Dynacor, Laytaruma, Soleil and Mollehuaca) Status Ground works and concrete milling commenced November 2025; FID subject to funding Funding Discussions ongoing with multiple project-level financiers; non-dilutive structure targeted
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INVESTOR PRESENTATION La Patona Phase-by-Phase Process Flow 8 PHASE 1 70 TPD PHASE 1A 110 TPD PHASE 2 350 TPD Ore Intake & Crushing Leach Circuit Capacity Upgrade New Flotation Circuit (240 TPD) Milling No Additional Footprint Required Flotation Concentrate -> Leach Cyanide Leach (CIL) Same Circuit with an Expanded Throughput Combined Circuits Become Operational Carbon Adsorption Full Doré Production at Scale Electrowinning Gold Doré Smelting
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INVESTOR PRESENTATION Regional Ore Supply Supports Plant Feed Strategy 9 ➢ Substantial regional ore availability identified across Acarí–Huanca corridor ➢ Estimated 1,500–3,000 active artisanal producers in the plant's direct area of influence, providing a large potential supplier base ➢ Individual producers report output ranging from 1-60 TPM ➢ Regional ore grades reported range from 4.25-24 g/t Au, with the majority in the 10–20 g/t range, supporting attractive processing economics through blending and grade control ➢ Identified a single producer which could provide up to 30 tpd, ~43% of the initial 70 TPD Phase 1 capacity ➢ Long-term plant expansion to 250-350 TPD is expected to require 150-300 active suppliers and/or partnerships with ore aggregators, supporting a phased growth strategy (<10% of active regional producers)
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INVESTOR PRESENTATION Ore Purchasing Model Proven at Scale in Peru 10 ➢ Gold ore purchasing model is proven at institutional scale in Peru, with leading participants generating $260-400m in revenue and 10-13% operating margins ➢ Regional market in the Caravelí and Chala belts supports multiple plants operating at 150-500 TPD, purchasing from registered artisanal miners and selling to LMBA-accredited refineries ➢ Benchmark data from peers like Dynacor and Paltarumi confirms margins are sustainable across a wide range of gold price environments ➢ The restart of LBMA-aligned, digitally traceable operations such as Soleil Metals OCIM have set a new governance standard for the ASM sector in Peru ➢ Sector benchmarks provide a documented and audited track record in the same operating environment, moving the business case from theoretical projections to market-validated data Benchmark Peers 5 Peru-based processors Dynacor 2025 Revenue US$397.6m 12.4% gross margin Paltarumi Revenue ~US$268m 11.6% EBITDA margin La Patona Target 350 tpd Full-build capacity
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INVESTOR PRESENTATION Benchmark Peer Summary Dynacor / Veta Dorada ➢ Acts as the sector’s most transparent financial and scale benchmark, proving the viability of the no- mine, ore-purchasing model at institutional scale ➢ Recorded 113,791 oz of AuEq and $397.6m in revenue for 2025, maintaining premium refinery relationships through high governance standards Paltarumi S.A.C. ➢ Serves as the closest structural peer to La Patona, operating at the same 350 TPD scale and within the same regional ore catchment ➢ Generates approximately $268m in revenue with an 11.6% EBITDA margin, supported by high-grade feed discipline (c. 29–31 g/t Au) Soleil Metals (OCIM) ➢ Sets the highest current standard for governance and traceability with Swiss Better Gold certification and digital chain-of-custody tracking ➢ Provides a critical cautionary lesson in ore supply risk after its predecessor collapsed when fixed employee cost became unsustainable at 20% plant utilisation 11 Mollehuaca ➢ Functions as a regional process analogue and utilises a CIP + flotation circuit similar to the design planned for La Patona ➢ Achieves the highest capacity-per-person ratio in the peer group through a lean, 75-person workforce with minimal corporate overheads Minera Laytaruma S.A. ➢ Represents the benchmark for regulatory and reputational risk, illustrating the lack of sustainability for large-scale operations without transparent governance ➢ Operates as a large-scale private processor (c. 400– 800 tpd) that lacks the LBMA-aligned standards increasingly required by the global refinery market
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INVESTOR PRESENTATION La Patona’s Structural Advantages & Strategy 12 ➢ La Patona intends to use own-ore feed security from Nativo’s mining assets to mitigate the risk of supply volatility, the primary risk for pure third-party processors ➢ Operations are designed to be LBMA-aligned from inception, utilising digital traceability to position us for premium refinery offtake ➢ A lean workforce model of 65 - 100 employees for a 350 TPD plant provides a significant structural advantage over the bloated overheads of listed multi-country corporates ➢ A disciplined, phased build sequence (70 → 110 → 350 TPD) limits capital at risk while establishing ore supply and assay protocols at each stage
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INVESTOR PRESENTATION Tailings Cleaning Projects Scalable, Low-Risk Gold recovery Peru’s legacy of polymetallic and gold mining has left large tailings deposits requiring remediation. Nativo’s model converts these environmental liabilities into monetizable gold and silver resources; a compelling proposition for both regulators and mine owners 13 7 Tailing Dumps Identified Across Peru 4.9 Mt Combined Internal Estimate 2023 work, initial 5 priority dumps 253.1k oz AuEq Internal Resource estimate Au + Ag 1.8M t First Project Signed Ready for La Patona Low Capital Intensity: Processing uses existing plant infrastructure, so resource definition is quick and low-cost. No new mine development required. Environmental Driver: Mine owners bear legal liability. Nativo’s solution removes this and shares the Au/Ag upside, guaranteeing a strong alignment of incentives. Massively Scalable: Deposits are known and catalogued across Peru, where the pipeline can grow materially, without proportionate capital increases. Quick Revenue Path: Resource definition to FID timeline is compressed vs. traditional mining; processing can begin at La Patona once operational. 1 2 3 Why the Model Works
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INVESTOR PRESENTATION Path to Production 14 We plan to secure a plant financing facility, structured through a combination of project finance, royalty / stream and equity, designed to optimise dilution We intend to make our Final Investment Decision (FID) and commission La Patona We aim to announce an off-take agreement with a commodities group We plan to advance the Toma La Mano tailings project through to feasibility and FID We intend to execute Kuboc JV acquisitions following completion of due diligence We plan to progress underground development at Bonanza, building up ore supply to the plant H2 2026 Priority Actions
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Why Invest Now? 1 A Diversified Gold Platform in Peru Nativo has established operations across three complementary activities: primary gold mining, gold ore processing and recovery of gold and silver from historical tailings. 2 Construction-Ready Plant — First Gold Q4 2026 La Patona FEED completed with detailed line-item costings reconciled. Plant is construction-ready, subject only to financing completion. Subject to financing, first gold is targeted in Q4 2026. 3 Project Financing Structured to Optimise Dilution Phase 1 financing to combine project finance, royalty/stream and equity. Advanced discussions are continuing with several potential funding partners. Offtake proposal from a major commodities trading house is under consideration. 4 Capital-Efficient, Self-Funding Expansion Phase 1: 70 t/d. Expansion to 110 t/d then 350 t/d intended to be funded substantially from plant cash flow, reducing the requirement for further external capital. 5 Multiple Revenue Streams La Patona is designed to process both Nativo-owned and third-party material, providing exposure to gold mining, ore processing, and tailings recovery revenue streams. 6 Significant Re-Rating Potential At the current market cap, the Board believes the market does not yet fully recognise the value of Nativo’s platform. Completion of La Patona financing and delivery of first gold have the potential to support a material re-rating.
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LSE:NTVO nativoresources.com @nativoresources Nativo Resources The Bonanza shaft at the Tesoro Gold Concession, Peru
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INVESTOR PRESENTATION Disclaimer The information contained in this document (“Presentation”) has been prepared by Nativo Resources plc (the “Company”). While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers give, have given or have authority to give, any representations or warranties (express or implied) as to, or in relation to, the accuracy, reliability or completeness of the information in this Presentation, or any revision thereof, or of any other written or oral information made or to be made available to any interested party or its advisers (all such information being referred to as “Information”) and liability therefore is expressly disclaimed. Accordingly, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers take any responsibility for, or will accept any liability whether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in respect of, the accuracy or completeness of the Information or for any of the opinions contained herein or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this Presentation. This Presentation may contain forward-looking statements that involve substantial risks and uncertainties, and actual results and developments may differ materially from those expressed or implied by these statements. These forward-looking statements are statements regarding the Company's intentions, beliefs or current expectations concerning, among other things, the Company's results of operations, financial condition, prospects, growth, strategies and the industry in which the Company operates. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. These forward-looking statements speak only as of the date of this Presentation and the Company does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this Presentation. This Presentation should not be considered as the giving of investment advice by the Company or any of its shareholders, directors, officers, agents, employees or advisers. Each party to whom this Presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Neither this Presentation nor any copy of it may be (a) taken or transmitted into Australia, Canada, Japan, the Republic of Ireland, the Republic of South Africa or the United States of America (each a “Restricted Territory”), their territories or possessions; (b) distributed to any U.S. person (as defined in Regulation S under the United States Securities Act of 1933 (as amended)) or (c) distributed to any individual outside a Restricted Territory who is a resident thereof in any such case for the purpose of offer for sale or solicitation or invitation to buy or subscribe any securities or in the context where its distribution may be construed as such offer, solicitation or invitation, in any such case except in compliance with any applicable exemption. The distribution of this document in or to persons subject to other jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of the relevant jurisdiction. 17