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Alice Queen Limited (ASX:AQX)

ALERT: Price-sensitive ASX Announcement for AQX
Current share price for AQX : $0.008 0.002 (33.33%)+
Announcement
Release
18 Aug 2026 8:05AM
Price at Release
$0.006
Full Release
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Summary
Alice Queen Limited's investor presentation highlights ongoing and planned activities at the Horn Island project as of August 2026. The company initiated a 2026 drilling program targeting resource expansion and grade improvement. The Project Definition Study indicates a pre-tax NPV of A$706M, supported by updated Mineral Resource Estimates showing 21.1 Mt of gold resources at a grade of 0.84 g/t. Exploration has identified significant upside potential, with a combined Exploration Target of 1.5 – 2.3 Moz of gold. The project is part of the Kennedy Igneous Province, known for substantial gold deposits. Gage Resource Development Pty Ltd is the major shareholder with a 51% stake.
Key Points
  • Drilling program for 2026 initiated to explore Horn Island's gold potential.
  • Project Definition Study reveals Horn Island's financial feasibility with a pre-tax NPV of A$706M.
  • Updated Mineral Resource Estimate for Horn Island shows 21.1 Mt at 0.84 g/t Au.
  • Significant exploration upside identified with a combined Exploration Target of 1.5 – 2.3 Moz Au.
  • Gage Resource Development Pty Ltd holds a 51% stake in Alice Queen Limited.
  • Horn Island is part of the Kennedy Igneous Province with a gold endowment over 20M ounces.
  • Feasibility studies and scoping studies are progressing alongside exploration activities.
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.