Nativo Resources Pivots to Precious Metals Mining in Peru

Echo Energy (GB:NTVO) has released an update.

Nativo Resources, previously Echo Energy, has shifted focus to precious metals mining in Peru, forming a 50:50 joint venture with Boku Resources to mine gold and silver. The company is aiming for early cash flow in Q4 2024 through operations at the Tesoro Gold Mine and has raised over £418,000 in July 2024 to fund these ventures. They also acquired the Ana Lucia concession, with plans to develop a substantial resource base and processing facilities for increased production and profit.

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