Royal Road Minerals Limited and MSB Holdings Limited announced the incorporation of Royal Roads Arabia LLC a Saudi Arabian joint-venture vehicle owned on a 50-50% basis by Royal Road and MSB and established for the purpose of copper, gold and other metals exploration in an area of interest comprising the Kingdom of Saudi Arabia and any other geographical area as may be agreed between the Parties. Royal Road is operator and the Board of RRA is made up of an equal number of Directors appointed by Royal Road and MSB. The business of RRA is conducted in accordance with the provisions of a Joint Venture Share Holder Agreement, dated June 1st, 2023.

Royal Roads Arabia is currently generating and assessing copper and gold target areas in the Kingdom of Saudi Arabia and is preparing to submit exploration license applications over newly identified areas of significant interest. Additionally, on the 21st of August 2023, RRA entered into a Non-Binding Letter of Intent to explore and acquire certain copper assets in the Kingdom of Morocco.