Royal Road Minerals Expands Near Surface Zinc-Silver Polymetallic Discovery at Hanash North; Kingdom of Saudi Arabia

Royal Road Minerals Limited (RYR) has released new reverse-circulation drill results from the Hanash North prospect at its Jabal Sahabiyah project in Saudi Arabia. The company identified shallow zinc-silver-rich polymetallic sulphide mineralization within a calc-silicate skarn horizon spanning more than 350 meters of strike. While the mineralized horizon was intersected from as little as 8 meters downhole, all reported mineralization occurs at depths greater than 65 meters.

The project is held through Royal Road Arabia Limited, a 50:50 joint venture with MIDU Company Limited. Highlighted intervals from the current campaign include:

• HNRC009: 9 m at 4.01% Zn, 34.3 g/t Ag, 0.4 g/t Au, 0.3% Cu, 8.8% ZnEq
• HNRC010: 12 m at 3.13% Zn, 43.4 g/t Ag, 0.2 g/t Au, 0.2% Cu, 7.1% ZnEq
• HNRC012: 7 m at 2.55% Zn, 29.5 g/t Ag, 0.1 g/t Au, 0.2% Cu, 5.5% ZnEq
• HNRC013: 18 m at 1.06% Zn, 36.0 g/t Ag, 0.6 g/t Au, 0.3% Cu, 6.4% ZnEq
• HNRC015: 9 m at 3.92% Zn, 15.6 g/t Ag, 0.3% Cu, 5.9% ZnEq

Previous campaign intervals were also restated:

• HNRC003: 12 m at 2.85% Zn, 10.0 g/t Ag, 0.13% Cu, 3.91% ZnEq
• HNRC005: 9 m at 4.36% Zn, 67.8 g/t Ag, 0.6 g/t Au, 0.2% Cu, 11.2% ZnEq

The company noted that the reported intervals do not represent true widths and that true widths cannot yet be determined.

Royal Road Minerals Limited (RYR) has released drill results from a secondary 50:50 joint venture project in Saudi Arabia, distinct from the company’s larger Colombian GAM porphyry-skarn program. The company remains pre-revenue and pre-resource. At a share price of C$0.19 and with approximately 331 million shares outstanding, the market capitalization stands at roughly C$63 million.

The stock has not re-rated specifically on prior Hanash North results. Around the February 2026 Hanash North release, the share price stayed near C$0.22 and then drifted lower. The new drilling expands strike and shows shallow continuity, but it does not deliver a clear grade-thickness step-up relative to the previous HNRC005 best hole.

No resource, mine life, reserve, or NAV impact can be quantified from these intercepts. This is incremental positive exploration news, not a company-changing or project-defining result.

Royal Road Minerals Limited (TSXV: RYR, OTCQB: RRDMF) is a pre-revenue mineral exploration company. Its portfolio includes the GAM project in Colombia, which features the Guintar, Aleman, and Margaritas targets within a porphyry-skarn gold-copper-silver system. In Saudi Arabia, the company holds a 50:50 joint venture with MIDU Company Limited for the 284 km² Jabal Sahabiyah project, targeting gold veins and zinc-silver skarns. Additionally, Royal Road Minerals holds an option on the Lalla Aziza copper project in Morocco. No mineral resources or reserves have been disclosed.

Financially, the company reported a net loss of C$2.47 million for the first quarter of 2026, with cash holdings of C$4.93 million as of March 31, 2026. In late July 2026, Royal Road Minerals closed a C$7.3 million private placement at C$0.20 per share. Based on an investor presentation share count of 331.24 million and a C$0.19 close, the company’s market capitalization is approximately C$63 million.