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Alicanto Minerals Limited (ASX:AQI)

ALERT: Price-sensitive ASX Announcement for AQI
Current share price for AQI : $1.400 -0.35 (-20%)+
Announcement
Release
18 May 2026 8:30AM
Price at Release
$1.750
Full Release
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Summary
Alicanto Minerals Limited, soon to be renamed Sinclair Gold Ltd, announced significant assay results from its initial drilling program at the Mt Henry Gold Project in Norseman, Western Australia. The drilling has extended known gold mineralisation at the Mt Henry and Selene deposits, with findings surpassing the current resource grade and indicating potential for substantial resource growth. The drilling program has intersected thick sulphide-bearing BIF mineralisation beyond the existing resource footprint, with some intersections showing thick and high-grade gold mineralisation. This aligns with Alicanto’s modelling, suggesting a vast potential for resource expansion below and along strike from the existing resource base. The project currently hosts a 915,000-ounce mineral resource within a 16km-long mineralised corridor, mostly unexplored, offering significant growth opportunities. The company maintains a strong cash position to support ongoing drilling efforts.
Key Points
  • First assays extend known mineralisation at Mt Henry and Selene deposits.
  • Drilling results surpass current resource grade, indicating resource growth potential.
  • Drilling intersected sulphide-bearing BIF mineralisation outside current resource footprint.
  • Mt Henry and Selene deposits show thick and high-grade gold mineralisation.
  • Drilling program aligns with Alicanto’s resource growth modelling.
  • 915,000-ounce resource in a largely unexplored 16km mineralised corridor.
  • Strong cash position supports ongoing drilling and resource expansion.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.