La India is a surface and underground project, owned by La India Gold S.A., a subsidiary of Metals Exploration Plc. (“Metals”). 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 November 2024, prior to the acquisition of Condor Gold plc (the previous owner), the Metals Exploration team visited the La India site and conducted a number of studies to assess the potential operational and financial performance of La India. Initial estimates from Metals Exploration's Internal Study show significant improvements from the Bankable Feasibility Study conducted in 2022 by SRK Consulting.

The Internal Study contemplates an open-pit and underground operation. Metals Exploration is in final negotiations to purchase a second-hand plant to match the potential upside performance of 1.4 million tonnes per annum of ore.