Investors Newsletter, May 2024
Jun 02, 2024
INVESTOR NEWSLETTER MAY 2024
Dear Investor,
Part of life’s contract is to seek out opportunity, but triumph waits for those who attract it. Getting to that point requires a critical mass of some things and whatever those things maybe, it seems likely that experience and reputation count. An opportunity found us this month and it took us somewhere new and exciting. It’s unclear what will come of it, but nice that it arrived. Opportunity knocks but our focus is not blurred, this month the stony desert of the Arabian Shield gave up some of its secrets and after last month’s spectacular, we are now back-office in Morocco, pushing on drill permits and evaluating deals.
Exploration Update
Saudi Arabia At Jabal Sahabiyah, field work by senior members of the Exploration team has identified that oxide copper and gold mineralization (gossan) is associated with shallow plunging folds (see Press Release May 29) which continue beneath cover, implying potential for significant lateral extent. An auger soil geochemical program and further expert structural mapping have been planned with the objective of further defining the near-surface copper and gold mineralization potential.
Following the identification of new targets across the Arabian Shield, our four field reconnaissance teams have successfully confirmed new copper and gold opportunities resulting in four new exploration license applications. Field reconnaissance exploration is ongoing.
Next in Saudi Arabia
Morocco
All permits for drilling at the Alouana copper-gold polymetallic project have been submitted and we are awaiting responses from the relevant authorities. The Company is actively pursuing exciting new copper and gold opportunities with third party property owners elsewhere and throughout the country.
Next in Morocco
Royal Road Arabia: Royal Road Arabia was incorporated in August 2023 as a 50-50 joint venture with MSB Holdings Limited (MSB) for the purpose of copper, gold and other metals exploration in an area of interest comprising the Kingdom of Saudi Arabia and other geographical areas as agreed (see press release June 1, 2023). Early this month, MSB transferred their ownership and underlying rights and obligations under the Joint Venture Shareholder Agreement to their newly created subsidiary MIDU Company Limited ("MIDU"). MIDU is a Saudi Arabian investment holding company with interests across various sectors including mining, industrial, real estate development, and utilities.  |
Our Team
Watch the video below where George Till, our Exploration Manager, introduces himself, discusses the work he and the team are currently doing in the Arabian Shield, and explains Royal Road's strategy in Saudi Arabia.
New Instagram!
We are pleased to announce the launch of our Instagram account. Follow us to stay on top of news and our daily activities in the field!
We invite you to join our community, engage with us, and share your insights. We look forward to connecting with you there.
| Thank you for your continued support and trust in our vision. We look forward to sharing more updates with you in the coming months. As always, please feel free to reach out with any questions or feedback. Yours sincerely, Camila Gutiérrez
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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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