Nicaragua is the largest gold producer in Central America with currently three operating gold mines, La Libertad, El Limon (B2Gold) and Bonanza (Mineros Nicaragua). The country is highly prospective and considered a mining-friendly jurisdiction. In 2017, Royal Road acquired the interests of Caza Gold in Nicaragua which include the Los Andes porphyry copper-gold and the Piedra Iman iron-oxide copper-gold prospects. The Company has executed a 50-50 strategic exploration alliance with Mineros Nicaragua in-which both companies combine exploration assets and explore in Nicaragua on a 50-50 basis. This arrangement also provides Royal Road access to the highly prospective Golden Triangle region of northeastern Nicaragua.