Investors Newsletter, September 2024

Dear Investor,

At the risk of sounding wide-eyed and tendentious, I sensed a whiff of revolution in the thin air of Beaver Creek this year, perhaps (dare I say it) even a before and after moment.

It’s advisable to arrive at such meetings in a proactive mood and with a plan, but sometimes it can be useful to simply SFU and listen. It’s true of life that oftentimes we must walk through the window before realising we need glasses. But once vision is restored, it turns out some realities are not vague or nuanced at-all. Guess what, in our little corner of the world, it now seems obvious that no exploration means no new resources. Who would have thought? After all this time (at-least 10-years in my estimation)?

I know I am opening the flood gates a bit here, but the tail has been wagging the dog. This smug and pallid focus on supposedly lower-risk, so-called "advanced projects" has prevailed for so long that it has failed investors, changed who we are and hijacked our collective memory. For more than 10-years the tail has wagged the dog to the tip of its very nose and now there is a tangible preoccupation for how and where we will find new resources and a real concern for exploration education and who still remembers how to do it!

This year at Beaver Creek, there was a measurable reduction in the amount of time I had to suffer that dreadful incantation that we were “too early”. Even, it seemed, there was something of polite pity for those of our colleagues still proposing to seek “advanced projects”. As farming is to food, so is exploration to mining; what a ridiculously obvious statement; isn't it?

Are we back? Like tap over bottled, fresh over frozen, is the ancestral endeavour of ore deposit exploration once again finding favour? I suspect yes; out of necessity rather than design.

Exploration Update

Saudi Arabia

Drone-borne surveys have commenced at Jabal Sahabiyah following the successful completion of test flights. The drone will collect data from above and around the wadi (dry river bed) which conceals the plunge extension of the Jabal Muwayqirah (Jabal M) gossan. Once drone geophysical data is in and interpreted, we will update the market with results including new geochemical information from auger sampling at Jabal M and geochemical prospecting from gold-bearing veins and magnetic aureole prospecting through the license areas.

At Al-Miyah focus has shifted to testing the potential of gold mineralization along a recently identified north-south trending high-strain zone characterised by previously unknown and unrecorded artisanal hardrock and colluvial workings.

Next in Saudi Arabia

• Complete drone-borne surveys and plan drilling at Jabal Sahabiyah
• Complete magnetic aureole and gold-vein targeting at Jabal Sahabiyah
• Advance known and newly generated targets at Al-Miyah

Morocco

Work is advancing at the Lalla Aziza copper project near Marrakesh. Teams have been underground and surface sampling and geological mapping to determine, strike extent, thickness and plunge of the copper mineralized shear-zone.

At Alouana, drill permitting has now advanced to the point of final approvals with the regional authority.

Next in Morocco

• Completion of phase 1 exploration at Lalla Aziza. Planning of further work prior to drilling decision point at the end of the year
• Consolidation of assets along the shear zone

Travel Vlog 2, Al Miyah Project KSA

Check out Travel Vlog 1 here if you haven’t already!

Upcoming Events

We will be attending the following event in November,

• 11-12th Nov - Precious Metals Summit in Zurich
• 14-15th Nov - 121 Mining Investment in London
• 19-20th Nov - 121 Mining Investment in Dubai

Thank you for your continued support and trust in our vision. We look forward to sharing more videos and updates with you in the coming months.

Respectfully Yours,
Royal Road Minerals

Contact

Royal Road Minerals
Info@royalroadminerals.com
Phone: +44 (0) 1534 887166