Investors Newsletter, April 2024
Apr 30, 2024
Dear Investor,
A humble offering to those speculating on change and how our sector is evolving: We are seeing business interest from non-traditional, pragmatic and meaningful sources, principally state and multilateral-related. Metals are becoming energy and energy is fundamental and strategic.
The audience has changed but the script is the same. Our job is to find new copper and gold resources. On that front, this last month has seen Morocco take center stage. Alouana is currently in the process of drill-permitting and meanwhile we have been conducting remote geological reconnaissance and property reviews in Morocco. We have covered over 2500km, from the Meseta, across the Middle and High Atlas to the Anti-Atlas, visited seven exploration and mining projects and seen five completely (textbook) different styles of copper mineralization. In our view at-least, that is notable for a single country, a product of its quite unique geological evolution. We will advance deal proposals on some of these projects.
Exploration Update
Saudi Arabia
At Jabal Sahabiyah our first results from surface sampling have been received supporting the presence of copper and gold mineralization potential and ground geophysics has identified new opportunities under cover. The project continues to be evaluated with follow-up work planned this month.
Our in-house technical team have identified new targets across the Arabian Shield incorporating results from reconnaissance activities to date, the latest airborne geophysics from the Saudi Geological Survey, potential areas of favorable alteration identified from remote sensing, and our strong geological understanding on the controls to copper and gold mineralization.
Royal Road Arabia is active in the current 5th tender licensing round and has prepared a tender submission which coincides with a target area that was previously generated by our in-house technical team.
Next in Saudi Arabia
Morocco
Drill holes for the upcoming 2000 meter scout drilling program have been located at Alouana and drill permitting is underway.
The first round of reconnaissance project reviews has been conducted and deal proposals and follow up work programs are to commence.
Next in Morocco
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Morocco Minining Plan 2021 – 2030 According to the Moroccan Mining Ministry, The Moroccan Mining Plan (MMP) for the period 2021-2030 represents an evolved strategic framework for the enhancement of the national mining sector, building upon the foundational principles laid out in the 2013 strategy. Its primary aim is to position the national mining sector as a driving force behind responsible and sustainable development at both regional and national scales. The MMP delineates a comprehensive strategy aimed at cultivating a competitive mining sector by the year 2030, thereby fostering an environment conducive to integrated industrialization and enduring growth. It is structured upon four overarching strategic pillars:
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Our Team
I extend an invitation for you to view the video showcasing several of our team members residing in the island of Jersey, where the company is headquartered.
Newcomers Corner
Welcome to our newsletter community!
If you're new to our company and newsletter, a warm welcome to you! We're thrilled to have you on board and hope you find our content engaging and informative.
For more insights and updates about our company, be sure to follow us on social media and visit our website.
We appreciate your continued support and look forward to sharing more exciting updates with you soon,
Yours sincerely,
Camila Gutiérrez
Vice President Corporate Development and Communications
Contact
Camila Gutiérrez, Vice President Corporate Development and Communications
camila.gutierrez@royalroadminerals.com
Phone: (+44) 1534 887 166
In Colombia Royal Road Minerals operates through its wholly-owned Colombian companies Minerales Camino Real SAS founded in 2015 and Exploraciones Northern Colombia SAS acquired from previous owners in 2019. In Argentina Royal Road Minerals operates through its wholly owned Argentinian company, Minerales Camino Real Argentina. In Saudi Arabia and Morocco the Company operates through its 50% owned Saudi Arabian registered subsidiary, Royal Road Arabia.
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