Royal Mining holds at 96% share in the "Ambilona" gold project. During 2022 the project was aggressively mapped, trenched and drilled, with an initial resource calculated. Economic studies subsequently determined the economics of the project to be marginal, and development routes are being considered. Legend

Both primary and secondary gold mineralisation were identified, with the main focus being on defining an initial low grade, free- digging, eluvial gold resource. The company continues to evaluate other opportunities.