La India

Operator: Condor Gold plc

Location: Leon, Nicaragua

Royalty: 3.0% NSR (all metals)

Term of Royalty: Life of Mine

La India is a surface and underground project, owned by La India Gold S.A., a subsidiary of Condor Gold plc. (“Condor”). La India is located in the western flanks of the Central Highlands in northwestern Nicaragua, in the municipalities of Santa Rosa del Peñon and El Jicaral, approximately 70 kilometers to the north of the capital city of Managua.

In September 2022, Condor announced the results of a Bankable Feasibility Study (BFS) on the La India project. The BFS assumes a single open-pit mining operation extracting ore at a nominal rate of 1.3 million tonnes per annum (Mtpa) and a mill processing at a nominal rate of 0.89 Mtpa. The project is fully permitted and construction-ready with an 18-month build period.