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Alicanto Minerals Limited (ASX:AQI)

ALERT: Price-sensitive ASX Announcement for AQI
Current share price for AQI : $1.360 -0.31 (-18.56%)+
Announcement
Release
10 Jun 2026 9:34AM
Price at Release
$1.670
Full Release
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Summary
Alicanto Minerals Limited, set to be rebranded as Sinclair Gold Ltd, has secured A$30 million through a placement to fund an aggressive drilling campaign at the Mt Henry Gold Project in Western Australia. This financing will bolster the company's cash position to about A$41 million and enable the operation of four drilling rigs to expand the known mineralisation and explore new targets within the 16 km mineralised corridor hosting a 915,000 oz resource. The placement saw strong interest from both existing shareholders and new institutional investors, with expectations for a Mineral Resource update by the December quarter of 2026.
Key Points
  • Alicanto Minerals Ltd, to be renamed Sinclair Gold Ltd, announced a successful A$30 million placement.
  • The placement will fund a resource growth drilling campaign at the Mt Henry Gold Project in Western Australia.
  • The company received strong support from existing shareholders and new institutional investors.
  • Alicanto's cash position will increase to approximately A$41 million post-placement.
  • Four drilling rigs are now operational at the Mt Henry Project.
  • The drilling program aims to extend known mineralisation and test new targets within the 16 km corridor.
  • The Mineral Resource update for Mt Henry is expected in the December 2026 quarter.
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.