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Alice Queen Limited (ASX:AQX)

ALERT: Price-sensitive ASX Announcement for AQX
Current share price for AQX : $0.006 0 (0%)+
Announcement
Release
30 Jul 2026 9:00AM
Price at Release
$0.006
Full Release
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Summary
Alice Queen Limited's quarterly activities and cash flow report for the period ending June 30, 2026, highlights the company's financial and operational activities. The company raised over $2.7 million from new shares and spent $355,000 on exploration and evaluation, primarily focused on maintaining tenements. The Horn Island Gold Project's updated Mineral Resource Estimate shows potential for future development, supported by a Project Definition Study. Alice Queen Limited reported having cash reserves of $3.6 million at the quarter-end. No significant exploration activities were conducted at the Viani and Sabeto projects. Additionally, there were changes in the management team, including the appointment of a new Exploration Manager.
Key Points
  • Alice Queen Limited raised $2,725,422 through new share subscriptions during the quarter.
  • The company incurred $355,000 in exploration and evaluation expenses in the quarter ending June 30, 2026.
  • Alice Queen Limited holds significant interests in several tenements, including the Horn Island Gold Project.
  • The updated Mineral Resource Estimate for Horn Island is 21.1 Mt at 0.84 g/t Au, containing 569 koz of gold.
  • A Project Definition Study for the Horn Island Gold Project indicates robust economic potential.
  • Alice Queen Limited has a strong cash position with $3,601,000 in cash and cash equivalents at the end of the quarter.
  • No exploration activities occurred at the Viani and Sabeto projects during the quarter.
  • The company appointed Adrian Hell as Exploration Manager and saw changes in board and management roles.
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.