Research backs Royal Road Minerals strategy as Colombia drilling restarts ahead of pivotal election

Group 1 - Royal Road Minerals Ltd has resumed drilling in Colombia, focusing on its Güíntar gold-copper-silver project, which shows a large and growing mineralised system [2][4] - SCP Resource Finance maintains a buy rating for Royal Road with a price target of C$0.60, significantly higher than the current share price of C$0.19 [3] - The initial results from a 2,500-metre diamond drilling program at the GAM project indicate broad intervals typical of a porphyry-skarn system, with notable intersections of 418 metres at 0.6 grams per tonne gold equivalent and 176 metres at 1.2 grams per tonne gold equivalent [4][5] Group 2 - Royal Road controls approximately 1,840 square kilometres in Colombia, acquired from AngloGold Ashanti for around $38 million, including multiple undrilled targets [6] - The political landscape in Colombia is shifting as the current administration, which has tightened permitting, is set to exit before the May 2026 election, potentially allowing for increased exploration investment [7] - Dr Tim Coughlin, CEO of Royal Road, has a strong background as a former chief geologist for AngloGold Ashanti, which enhances the investment case for the company [8]