All tagged Alice Queen Ltd ASX:AQX
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.
In an otherwise tumultuous week for gold stocks, aspiring miner Alice Queen (ASX: AQX) was shaking hands with established producer St Barbara (ASX: SBM) over an earn-in and joint venture agreement concerning its Horn Island gold project in the Torres Strait, in far-north Queensland.
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.
Advanced gold explorer Alice Queen Limited (ASX: AQX) has provided its latest technical presentation on its highly prospective Horn Island gold project, located in the Torres Strait in far-north Queensland, following its participation at the AusIMM Mining Roundup Conference in Cairns.
Advanced gold explorer Alice Queen Limited (ASX: AQX) has provided a summary report from recently completed soils sampling and a review of its multi-element geochemical database by leading North Queensland gold consultant, Dr Gregg Morrison, which has further strengthened Horn Island as a prospective large scale gold project.
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.
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 (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.
Alice Queen (ASX: AQX) has told the market that the upside potential at its Mendooran project in New South Wales is significant now that it is back in full control over the asset. Alice Queen now has the opportunity of assessing whether to drill the next holes on its own, or progress discussions with several industry majors who have both the technical and financial capacity to exploit the project's considerable potential.
Nervous investors have been reluctant to support the junior end of the mining and exploration sector. But that has not deterred a raft of players from continuing to add value to their projects - and position themselves for the inevitable uptick in investor sentiment.