RRM has entered into an option agreement with Carbomine SARL, which provides the company with an option to acquire 100% of the Lalla Aziza mining license, located in the Kingdom of Morocco.
RRM has entered into an option agreement with Carbomine SARL, which provides the company with an option to acquire 100% of the Lalla Aziza mining license, located in the Kingdom of Morocco.
Lalla Aziza is an underground copper-mine located in Morocco’s Western High Atlas, approximately 90 km’s southwest of Marrakesh. Sulphide ore (principally chalcopyrite) is mined from a moderate-dipping, shear-hosted, vein-stockworks (chalcopyrite replacing dolomite) and breccia up to 20 meters wide and from three underground levels over a known vertical extent of 150 meters. Whole ore is shipped for sale at a cut-off grade of 2.5% copper (Non-JORC compliant, 35 dry-ton ore assay records, minimum 0.99% maximum 5.1% copper).
The mineralized shear-hosted vein-stockworks and breccia are nucleated on a carbonaceous schist horizon which extends in a northeast direction across the Carbomine license area for approximately 4 kilometers strike length.
Royal Road has completed geological mapping, underground and surface rock-chip, channel and soil geochemical sampling across the Lalla Aziza license area (see Figures 1 and 2). The Company has now completed a 15-hole, 1000-meter reverse circulation scout-drilling campaign at the project. This is the first exploration drilling to be conducted at Lalla Aziza. Drilling is aimed principally at testing bulk copper grades across the extent of the shear/fold zone, including the higher-grade underground intervals, in order to;
Significant drilling results include the following:
RC25LA002 From 32 to 51 meters 19 meters at 1.1% copper
RC25LA004 From 12 to 17 meters 17 meters at 1.3% copper
RC25LA005 From 18 to 35 meters 17 meters at 1.1% copper (EOH)
RC25LA007 From 0 to 31 meters 31 meters at 0.7% copper
RC25LA009 From 18 to 37 meters 19 meters at 1.0% copper
RC25LA010 From 26 to 47 meters 21 meters at 1.0% copper
RC25LA012 From 51 to 63 meters 12 meters at 0.7% copper
(Not true width and the company does not have sufficient information to determine the true widths of the drill hole intersections)
These initial scout drilling results at Lalla Aziza have confirmed that economically significant copper grades continue across the width of the shear/fold zone and that the mineralized structure is likely to plunge and continue below-surface towards the northeast. Grades and thicknesses are considered significant enough to support potential for an open-pit starter at Lalla Aziza, assuming additional recoverable resources exist along and adjacent to the shear zone. Further work at Lalla Aziza will be focused on mapping and geophysics in order to define drill objectives at depth and to the northeast of the current drill grid. The gold potential of the footwall will also be better constrained.
Currently, work remains focused on the Company's option agreement over the Lalla Aziza project(see press release July 14th 2025) and primarily, the transfer of the Lalla Aziza copper mining license to Royal Road's wholly owned Moroccan Subsidiary, Mineraux Chemin Réel.
Royal Road's President and CEO noted "The advancement of the Lalla Aziza copper license in Morocco provide meaningful opportunity and valuable diversity across our exploration pipeline. We believe these programs have the potential to deliver valuable results in the year ahead.”
Morocco is poised to become a major global copper producer with the application of new exploration and mining technologies. Government strategy to triple the mining sector turnover to $1.5 Bn by 2025. Mining law overhauled in 2016:
In April 2025, 88 underground channel samples from 27 separate channels at Lalla Aziza returned best results of 4 meters at 5.3%, 3 meters at 5.2% and 3 meters at 2.6% copper (mean 2.5% copper, maximum 15.6% copper, minimum 0.003% copper) from sulphide mineralization. Best gold grades appear to be associated with vein-stockwork mineralization in the footwall schist sequence, with the best results returning 3 meters at 1.1 grams per tonne gold and 1.4% copper (mean 0.2 grams per tonne gold, maximum, 3.1 grams per tonne gold, minimum 0.0025 grams per tonne gold). Regional rock-chip sampling from along the shear zone elsewhere in the license area has returned up to 21.9% copper (mean 0.9% copper, minimum 0.003% copper) and 3.0 grams per tonne gold (mean 0.1 grams per tonne gold, minimum 0.0025 grams per tonne gold).
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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