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Framework Agreement-Expanded Mining Opportunities
Nativo Resources Plc has entered into a framework agreement with Constructora e Inversiones Andina Kuboc C&P SAC to jointly identify, evaluate, and develop new gold and precious metals mining opportunities in Peru, with Kuboc acting as operator and Nativo funding approved expenditure. Under the agreement, Nativo will hold a 75% interest and Kuboc a 25% interest in any developed project special purpose vehicles, after Nativo recovers its invested capital, with an initial profit share of 85% to Nativo until full cost recovery. The parties have identified several exploration opportunities across different regions, and Nativo's initial review exposure is not expected to exceed US$70,000. Disclaimer*
About this update from Nativo Resources Plc
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. 21 May 2026 Nativo Resources Plc ("Nativo" or the "Company") Framework Agreement for Expanded Gold Mining Opportunities, Peru Nativo Resources plc (LON: NTVO), the Peru-focused gold mining company, is pleased to announce it has entered into a framework agreement (the "Framework Agreement") with Constructora e Inversiones Andina Kuboc C&P SAC ("Kuboc") pursuant to which the parties intend to work together to identify, evaluate and, where approved by Nativo, develop new gold and other precious metals mining opportunities in Peru. Under the Framework Agreement, Kuboc will act as operator of any approved projects, with Nativo funding approved expenditure. Where a project proceeds to development, Nativo will hold a 75% interest and Kuboc a 25% interest in the project special purpose vehicle, subject to Nativo first recovering its invested capital. Nativo will have a pre-cost recovery "waterfall" where the profit share is 85% : 15% in favour of Nativo until full cost recovery. Founded in 2019, Kuboc is an experienced Peruvian mining services provider currently operating two mines. It has expertise in non-ferrous metals (including gold) as well as transport and construction in the mining sector. Kuboc is authorised by the Peruvian Ministry of Energy and Mines (MINEM) for exploration, exploitation, development and beneficiation of minerals. The parties have initially identified a short list of gold, silver and copper exploration opportunities, across the Ayacucho, La Libertad, Arequipa and Ancash regions at varying stages of development. Nativo's initial exposure to review the identified projects is not expected to exceed US$70,000. Stephen Birrell, Chief Executive Officer of Nativo, commented: "This agreement creates a framework through which we can pursue additional opportunities in partnership with an established mining contractor in-country with a strong operational track record. The criteria for project selection will be based on projects being commercially rewarding and able to b...
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