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| Date | 26 Sept 2024 |
| Time | 07:37:05 |
| Category | Board changes |
| ID | 7793F |
26 September 2024
Nativo Resources plc
("Nativo" or the "Company")
Directorate Change
Nativo Resources plc (LON:NTVO), which has interests in precious metals mining and production in Peru, is pleased to announce that Andrew Peter Harry Donovan (aged 56) has been appointed as a Non-Executive Director of the Company with immediate effect.
Mr Donovan is a Chartered Accountant, who trained at Arthur Andersen, and has considerable investment banking experience, having worked on numerous transactions at Schroders, Citi, Lexicon Partners, Evercore Partners, and Schroders Greencoat over the past 28 years. Mr Donovan currently serves as a Non-Executive Director on the board of Gresham House Renewable Energy VCT2.
Christian Yates, Chair of Nativo, commented:
"I am delighted to welcome Andrew to Nativo, where his extensive financial and investment banking experience will be an asset to the Board as we build out the precious metals strategy in Peru. We look forward to working with him."
The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies. Mr Donovan has confirmed that there are no further disclosures required.
At the time of this announcement Mr Donovan holds no shares the Company.
A list of Mr Donovan's current directorships and partnerships together with those held within the last five years is set out below:
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Current directorships / partnerships |
Past directorships / partnerships within the last five years |
|
GRESHAM HOUSE RENEWABLE ENERGY VCT 2 PLC |
CARN NICHOLAS SOLAR LIMITED |
|
DONOVAN CAPITAL ADVISORY LIMITED |
ISG RENEWABLES LIMITED |
|
SUNSTONE SOUTH LIMITED |
BICKER FEN SOLAR LIMITED |
|
|
CAPBAL MALDON LIMITED |
|
|
CAPBAL (FORFAR) LIMITED |
|
|
CAPBAL (BRACO) LIMITED |
|
|
CAPBAL LIMITED |
|
|
UNIBAL ENERGY LIMITED |
|
|
MEDEBRIDGE SOLAR LIMITED |
|
|
EKU ENERGY FAUNE PROJECTS (UK) LIMITED |
|
|
SPVBAL 010 LIMITED |
|
|
SPVBAL 011 LIMITED |
For further information please contact:
|
Nativo Resources Stephen Birrell, Chief Executive Officer |
Via Vigo Consulting
|
|
Zeus Capital Limited (Nominated Adviser and Joint Broker) James Joyce James Bavister Isaac Hooper
|
Tel: +44 (0)20 3829 5000 |
|
Peterhouse Capital limited (Joint Broker) Duncan Vasey Lucy Williams
|
Tel: +44 (0)20 7469 0930 |
|
Vigo Consulting (Investor Relations) Ben Simons Peter Jacob |
Tel: +44 (0)20 7390 0234 |
About Nativo Resources plc (formerly Echo Energy plc)
Following the partial divestment of its assets in Argentina, Nativo entered into a 50:50 joint venture in Peru in July 2024 with an experienced local partner for precious metals (gold/silver) mining and the cleaning of known tailings deposits containing Measured and Indicated resources of gold and silver. Through the JV, known as Boku Resources, Nativo has secured an opportunity to scale operations in Peru producing gold and silver through primary mining and tailings cleaning, owning 50% of the production and resources. Initially, Boku is establishing formalised artisanal and small mining operations on its 100% held Tesoro Gold concession, southern Peru, targeting early cash flow generation in Q4 2024.
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