/ Güintar Alemán Margaritas

Güintar Alemán Margaritas (GAM)

Potentially world class gold, copper-silver porphyry-skarn system located in the emerging Anza copper-gold district. The Company also holds a large pipeline of titles and applications - over 1,800 km² of prospective ground, ranging from under-explored to drill-ready

Discovery Unfolding:

Scale Definition Stage - Our most advanced project to-date.

Project Summary

Ownership:

Guintar & Margaritas - 100% acquired
El Aleman & Chuscalita – Option to acquire 100%

Mineralization:

Combined skarn, vein-gold and copper-gold-silver porphyry and Carbonate Base Metal Vein(CBM) system.

Location: Antioquia, Colombia(50km West of Medellin)

Benefits of Location:

Supportive mining community
Recognized for strong municipal leadership and long-standing social cohesion
Reliable infrastructure, services and access to a skilled local workforce

Best Intercepts:

GUI012 - 215m at 1.0 g/t Gold Equiv*(includes 75.2m at 1.9 g/t Gold, 10.8 g/t Silver and 0.6% Copper)

GUI013 - 185m at 0.6 g/t Gold Equiv*(includes 17.5m at 2.2 g/t Gold and 3.8 g/t Silver)

GUI028 - 176m @1.0 g/t Gold Equiv*(includes 76m at 2.1 g/t Gold, 7.9 g/t Silver and 0.4% Copper)

ALM001 - 64.5m at 1.1 g/t Gold Equiv*(includes 24m at 2.4 g/t Gold, 2.7 g/t Silver)

*Gold Equivalent calculation assumes $4300USD/Oz Gold, $65USD/Oz Silver, $5.20USD/lb Copper, $27USD/lb WO3 and $34USD/lb Molybdenum with 90% recovery for all metals apart from WO3 which assumes 75%

Porphyry Cluster Concept

Recent Activity

Recent Drilling Intersects 96 Meters At 1.1 g/t Gold Equivalent (Or 1.3% Copper Equivalent) At The GAM Porphyry Project, Colombia

(See full Press Release)

Margaritas - The maiden 3-hole drilling campaign at Margaritas is now complete(awaiting results)

Results:

Technical & Drilling

Drilling:

49 drill holes
16,000m drilled
Porphyry system discovered in 2021, extending to over 450m depth and dipping to the SW
Mineralized skarn forms a laterally extensive outer shell of the Guintar Porphyry, locally-enriched in silver.
Potential for a Porphyry Cluster...(Read Below)

Priority Targets - The GAM Porphyry Cluster?

Previous drilling at Niverengo tested shallow margins only, with results indicating a system at depth
High chargeability(up to 110 mV/V) indicative of sulphide mineralization
Targets exhibit the same magnetic signature as the drilled Guintar Porphyry, coincident with anomalous gold-copper is surface geochemistry samples

Margaritas:

3 hole campaign now complete(awaiting results)
Upper levels of porphyry gold system
Tourmaline Breccia bodies & CBM veins - 35 g/t Gold and 3,160 Silver seen in Rock-chip sampling

El Aleman:

Fully-titled operating Gold Mine
CBM Vein system
Best Intercept: ALM001 - 64.5m at 1.1 g/t Gold Equiv*(includes 24m at 2.4 g/t Gold, 2.7 g/t Silver)

High Mag. High Chargeability. Three Targets - Click to Enlarge

Largest Title & Application Holder in Colombia

Total Ownership: 17 Mining Titles, 85 Exploration Applications

Coverage: 1,840 square kilometers

A curated, high-quality portfolio:

Many of which acquired from purchasing AngloGold Ashanti's Colombian subsidiary (~$34M prior spend)

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 Saudi Arabia Royal Road Minerals operates through its 50% owned Saudi Arabian registered subsidiary, Royal Road Arabia. In Morocco Royal Road Minerals operates through its 100% owned subsidiary Minéraux Chemin Réel SARL AU.

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