Opportunity to accelerate production and cashflow for Nativo, bringing two neighbouring mines together under our umbrella, with all the operational and financial economies of scale. The operations and mining geology are symbiotic with what we are developing at Bonanza.
- Nativo acquired 100% for £116k in shares (vendors also subscribing for additional Nativo shares)
- 3km from Tesoro – shares central camp/facilities, will be managed by Boku
- Mine in preparation stage – 24m shaft and total of 56m drilled to date
- Vein material recovered from preparation stage grading up to 23.4 g/t Au
- 7-9 t of vein material stockpiled at surface, transferred to Nativo
- Initiating new production and operating plan with contract mining company
- Estimated in production by Q4 2025
- Addition of second mine diversifies and reduces risk
The image on the right shows Boku’s engineers descending the main shaft at the Morrocota Gold Mine (Sep-24)