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Alice Queen Limited (ASX:AQX)

ALERT: Price-sensitive ASX Announcement for AQX
Current share price for AQX : $0.007 0 (0%)+
Announcement
Release
16 Jun 2026 9:03AM
Price at Release
$0.007
Full Release
download
Summary
The Project Definition Study for Alice Queen Limited's Horn Island Gold Project outlines the technical and economic potential of restarting mining operations on Horn Island, located in Queensland, Australia. The study, prepared by multiple consulting firms, including Australian Mine Design and Development Pty Ltd, estimates an after-tax NPV of A$473 million and an IRR of 79% at a gold price of A$6,000 per ounce. With a life-of-mine gold production estimate of 466,000 ounces over 11 years, it anticipates significant cash flows. The project requires an initial capital investment of A$126 million, with a total life-of-mine capital of A$203 million, and a payback period of approximately 1.1 years post-production. Despite strong economic indicators, the project faces risks such as funding availability and environmental permitting. The study advises proceeding to a Pre-Feasibility or Feasibility Study for further development.
Key Points
  • After-tax estimated NPV of A$473M with an IRR of 79% at A$6,000/oz gold price.
  • Life of mine gold production expected to be 466,000 ounces over 11 years.
  • Initial capital investment required is A$126 million with a life-of-mine total capital of A$203 million.
  • Payback period of approximately 1.1 years from production start.
  • Project finance process led by GBA Capital, assessing strong bankable metrics.
  • Environmental and social plans align with Equator Principles.
  • Potential significant cash flows identified, but funding availability remains a key risk.
  • Prepared by Australian Mine Design and Development Pty Ltd among others.
  • Pathway suggested for advancement to Pre-Feasibility or Feasibility Study.
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.