Nativo Resources Pursues Option Agreement for Gold and Silver Recovery in Peru

Nativo Resources has signed an option agreement to explore gold and silver recovery from Peru’s Toma La Mano tailings deposit through Boku Resources SAC. The initiative aims to address environmental issues and utilize modern technologies for recovery, with a focus on low-carbon practices and a targeted investment decision by the first quarter of 2026.

Nativo Resources has entered into an option agreement via its joint venture, Boku Resources SAC, to explore potential gold and silver recovery from the Toma La Mano tailings deposit in Peru. The project, situated in the Ancash region, is owned by Corporación Minera Toma la Mano, which operates a polymetallic tolling plant that processes various metals.

The tailings, resulting from historical mining activities, are estimated to contain approximately 1.8 million tonnes of polymetallic materials. Historical data indicates gold grades ranging from 0.1 to 1.7 grams per tonne and silver grades from 10 to 37 grams per tonne, although exact recoveries remain to be determined.

Under the agreement, Boku has a duration of up to three years to conduct a resource estimate and feasibility study, which will include metallurgical analyses to ascertain recovery rates. Subsequent to a successful investment decision, Boku is entitled to establish a processing facility, incurring a rental fee of $3 per tonne processed and a revenue royalty starting at 6.5%, increasing to 7% after recovering 30% of expenses.

This initiative aligns with broader aims to reduce environmental and social impacts from legacy tailings, mitigating contamination risks while promoting lower-carbon re-mining methodologies. Boku intends to manage tailings with modern technologies, aiming to recover precious metals and rehabilitate the land.

Chief Executive Officer Stephen Birrell articulated the simplicity of this venture, emphasizing its environmental benefits and potential profitability. He expressed confidence in achieving a decision regarding investment by the first quarter of 2026 and noted the replicable nature of such projects across Peru’s various known deposits.

In summary, Nativo Resources’ option agreement with Boku Resources SAC presents a strategic opportunity for the recovery of precious metals from the Toma La Mano tailings deposit. This project not only holds potential economic advantages but also addresses environmental concerns associated with historic mining operations. The initiative reflects a sustainable approach to mining, with planned feasibility studies and a focus on modernizing metal recovery processes while targeting a final investment decision by early 2026.

Original Source: www.sharecast.com