Royal Road Minerals

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Market Cap:
$57.37 m
0.25 CAD
52 weeks high
52 weeks low

Who We Are

Royal Road Minerals was founded in 2010 by the original founders of Lydian International Ltd. Whilst at Lydian, the team discovered, financed and developed the plus 5 Moz Amulsar Gold deposit in Armenia.

Prior to the Amulsar discovery the team has worked in exciting and prospective jurisdictions throughout the World and were integral in the discovery and development of various other gold deposits in such places as Colombia, Peru, Argentina and Chile. Royal Road’s team has a history of discovery and a track record of building well-financed, successful Gold exploration companies

What We Do

The exploration and mining industry has undergone some dramatic changes over the past 15 years. The industry must now compete with a variety of equally enterprising investment opportunities in a more populated, connected and engaged modern world. Royal Road’s response to these changes is to proactively partner with local enterprises and to discover and develop new world-class gold mines with inclusive and sensitive community initiatives ensuring sustainable, modern and low-impact exploration and gold mining.

We are exploring and developing promising high-grade gold projects through joint ventures with our local partners in Nariño Province of southern Colombia. Our aim is to explore, develop and modernize these projects cost effectively to a point where the company can either achieve relatively early cash flows from modest capital investment, or pursue a joint development initiative or other such suitable value-adding transaction.


Why We Do It

Low impact exploration and inclusive, modern and sustainable development, where overheads are managed and the vast majority of capital is directed towards “in-ground” expenditure, can be highly profitable and rewarding.

Our team has benefited from the experience of taking early stage projects through the discovery to development stages, we have seen the great value that can be added through careful and considered exploration and the striking difference that modern development and mining projects can make to often isolated and forgotten communities.

We are executing a comprehensive plan to meet new expectations, we are positively embracing and adapting to change, we view ourselves as part of the solution, not the problem and that is why we do it!


Colombia is emerging from over 50 years of civil conflict. The country is cautiously optimistic and carefully establishing the norms and regulations required to ensure the responsible and sustainable development of its abundant resources. Royal Road is a proud signatory to the British Embassy's Business and Peace Initiative and has executed a landmark social-license agreement with ECOMUN, a commercial body established under presidential decree to assist with the reintegration of ex FARC combatants. Royal Road is the largest license application owner in the highly prospective province of Nariño at the countries southern border with Ecuador.


Royal Road is the largest license application holder in Nariño Province with in excess of some 350,000 hectares in the application to Concession Contract process. Nariño hosts numerous gold occurrences and one of the largest alluvial goldfields in South America. It is also host to a largely unexplored porphyry copper and gold belt. Nariño is widely considered to be one of the last remaining, highly prospective and underexplored regions of the Andes. Royal Road has executed a landmark deal, the first of its kind, with ECOMUN, a body established under presidential decree to assist with the reintegration of ex FARC combatants. ECOMUN will assist the company with its sustainability and co-existence strategy in Nariño.


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.


Royal Road acquired the Los Andes project from Caza Gold Inc in 2017. The project is located in Boaco province of Nicaragua. It is characterized by a 7km long caldera-controlled “lithocap” with anomalous copper and gold in rock-chips. Caza conducted two drilling programs on the project with one drill hole intersecting strong alteration considered to represent the upper parts (pyrite shell) of an underlying porphyry copper gold deposit. Preparation for drill testing of the porphyry target is currently underway.


The Piedra Iman Project is located in Chinandega Province of northwestern Nicaragua. It is a Cordilleran Style Iron Oxide Gold Deposit that was originally drilled by Noranda in the early 1970’s before the outbreak of conflict in Nicaragua. Noranda’s drilling and underground sampling intersected significant widths of copper mineralization including DDH-851 (36.6 meters at 1.13% Copper). Recent horizontal saw-cut channel sampling conducted by Royal Road has returned results including 20 meters at 1.2% copper and 8 meters at 1.1% copper and 1.1 grams per tonne gold. In 2017, Royal Road conducted a 9-hole, shallow reverse-circulation drilling program at the project which returned best intersections of PI-006; 8 meters at 9.3 grams per tonne gold and 31 meters at 0.5% copper, PI-008; 103 meters at 0.36% copper and PI-007, 40 meters at 0.38% copper. The Company has now re-opened the historic exploration adit at the project and is completing underground saw-cut channel sampling.


The Golden Triangle Project comprises over 200,000 hectares of highly prospective exploration license area in northeastern Nicaragua. Licenses are owned by Mineros Nicaragua and operated by Royal Road under our strategic alliance. The Golden Triangle district has produced over 8 million ounces of gold since 1900. Mineros Nicaragua have identified over 30 prospects from within the license areas. Royal Road have prioritized some of these existing target areas and have recently made an exciting new discovery in the region, known as the Caribe Prospect

Colombia & Nicaragua.


PhD (Structural Geology), MSc Exploration and Mining Geology, BSc Geology, FAusIMM, MSEG. 26 years of experience, senior positions with major mining companies. Founder of Lydian International, discovered and raised finance for the exploration and development of the +5Moz Amulsar gold deposit in Armenia, led successful discovery teams in Australia, Peru, Colombia and Eastern Europe. Specialist in frontier mineral exploration, local partnership programs and mining investment in highly prospective environments such as South America, the Caucasus, the Balkans and Russia.


International risk-management and community engagement specialist with 15 years of experience in Latin America and the Middle East. Graduate Human Rights and International Humanitarian Law at the university Nueva Granada. 6 years with B2 Gold Colombia (TSX:BTO) as Health, Safety and Security Manager. Operations and Security Center Manager with AngloGold-Ashanti Colombia.


Mr. Keshishian has over 15 years’ of experience in the capital markets and the natural resources sector through tenures at Van Berkom and Associates in Montreal and equity research (mining) at Haywood Securities from April 2009 to May 2016 and, most recently, at Pollitt & Co. from May 2016 to January 2019.


M.Phil (Development Studies), M.Sc (Environmental Change and Management), B.Eng (Mining). A social development and environmental specialist with more than twenty years of experience working with extractive sector projects in more than forty countries. Worked for Rio Tinto and the International Finance Corporation before establishing her own consultancy, Shared Resources Pty Ltd. In addition to providing strategic advice on social and environmental considerations, Liz also leads due diligence reviews for major mining companies.


BSc Geology, FAusIMM; over 30 years of extensive mining and exploration industry experience. Successfully developed 4 Canadian listed exploration companies including Lydian International. Strong experience of commercial aspects, ore reserves, financial evaluations, mine planning, JV negotiations and financing. Currently CEO of AIM listed Aurasian Minerals.


BS Mining Engineering, Dip. Negotiating Strategies. Daniel has worked extensively in mining and socio-political aspects of mining in Colombia and throughout the America’s. During the past five years Daniel has been the Executive Director of Exploraciones Oceanicas S de RL de CV, managing the exploration work and permitting of the Don Diego offshore phosphate deposit in the Pacific coast of Mexico’s Baja California peninsula.


BSc Geology. 30 years of experience in exploration and project management in South America principally in Peru, Chile and Argentina. 20 years with Noranda in Canada and South America responsible for the reactivation of the El Pachon project in Argentina. Vice President Exploration for Zincore Metals, responsible for the recent discovery of the promising Dolores Cu-Mo prophyry located in Peru.


BSc (Hons) Economic Geology, BAppSc. Applied Geology, MAUSIMM; 30 years of global exploration, mining operational and project development experience. Served as a geologist with Anglo American Corporation and with AngloGold Ashanti in a number of roles, most recently as a regional exploration manager. Directly involved in the discovery of several world class projects within both greenfield and brownfield areas in the Americas and in Africa. Jon is the founder and President of Exploration Outcomes Ltd., a geological consultancy, and Advisor to the management committee of Jaguar Mining Inc.


Ground Floor, 4 Wharf Street
St Helier, Jersey JE2 3NR


Email: [email protected]
Phone: +44 (0) 1534 887166
USA/Canada Toll Free: +1-800-638-9205



Sprott Global
Gold 2000


Outstanding Shares 66.7M
Warrants ($0.10-0.60) 26.6M
Options ($0.25-0.50) 2.3M


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