Nativo Resources advancing Tesoro gold concession

29th Jun 2026 14:30

(Sharecast News) - Nativo Resources said on Monday that it was advancing its Tesoro gold concession in southern Peru after extracting and stockpiling about 46 tonnes of mineralised vein material during recent underground development work.

The AIM-traded company said a 186-sample channel programme had confirmed its structural model and identified multiple high-grade shoots across the Tesoro and Tesoro 1 vein systems, although mineralisation remained locally discontinuous.

It plans a two-week structural mapping programme before sinking a new shaft to about 20 metres at a priority high-grade zone.

Nativo said its La Patona gold processing plant was effectively construction-ready, subject to financing, with engineering, procurement planning and costings complete.

It remains in advanced funding talks, is reviewing an offtake offer from a major commodities trader, and is targeting construction, commissioning and first gold production in the fourth quarter of 2026.

At 1342 BST, shares in Nativo Resources were down 17.31% at 0.22p.

Reporting by Josh White for Sharecast.com.

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