All tagged Alice Queen Ltd ASX:AQX

Alice Queen appoints Andrew Muir to board

Advanced gold explorer Alice Queen (ASX: AQX) has announced the recruitment of experienced gold geologist and finance executive, Andrew Muir, to the Board as a Non-Executive Director. As part of the Company’s strive towards developing its Horn Island Gold Project in the Torres Strait and its Mendooran Gold Project in New South Wales, it has been actively seeking to upscale its in-house experience and expertise to effectively develop these projects. That search has led the Company to Mr Muir, who brings with him a wealth of knowledge and experience to the Board.

Alice Queen executes earn-in and joint venture agreement with St Barbara

Advanced gold explorer Alice Queen (ASX: AQX) has announced its 84.5%-owned subsidiary, Kauraru Gold Pty Ltd, has entered into an earn-in and joint venture agreement with St Barbara Limited (ASX: SBM) for its Horn Island Gold Project, located in the Torres Strait in far-north Queensland. Under the terms of the deal, St Barbara has the right to earn a 70% interest in the Horn Island Project (other than identified Excluded Zones) by sole funding expenditure of $4 million within 3 years. Alice Queen will retain the right to continue pursuing exploration activities on Horn Island through to BFS in the Excluded Zones.

Alice Queen on-track with Horn Island, Mendooran projects

During the March quarter, Alice Queen (ASX: AQX) remained on‐track with its previously‐announced initiatives at both its Horn Island Gold Project in the Torres Strait in far‐north Queensland and at its Mendooran Copper‐Gold Project in central New South Wales. This included the progression of discussions with several interested parties regarding a potential farm‐in arrangement in respect of certain areas of the Horn Island Project, as foreshadowed in the Company’s stated strategy during the September 2018 Quarter.

Alice Queen gains pace at Horn Island

Aspiring gold developer Alice Queen (ASX: AQX) will undertake a targeted deep penetrating IP survey at its Horn Island gold project in far-north Queensland, after results from airborne geophysical survey and surface soils sample programs during the December quarter confirmed the island is dominated by a number of magnetic to non-magnetic granitic intrusive phases, with the less magnetic phases considered to be more fractionated.

Alice Queen completes $1.7m raising

Alice Queen (ASX: AQX) says it has received commitments for, and has issued, about 114 million ordinary shares at 1.5 cents per share to a combination of existing and new investors, raising $1.7 million. The raising was part of the shortfall of the company's rights issue, which was launched in September last year.