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Alice Queen Ltd. ( (AU:AQX) ) has shared an update.
Alice Queen Ltd. has released an amended update on its Horn Island Project, confirming completion of an Exploration Target estimate that points to a potentially large-scale gold mineralised system. The work outlines multiple mineralisation domains, including hard rock, stockpiles, tailings and alluvials, with shallow, near-pit mineralisation flagged as a priority for near-term exploration and development planning.
The new Exploration Target supports Alice Queen’s strategy to assess a restart of mining at Horn Island, with an updated Mineral Resource estimate and Scoping Study progressing in parallel. While the target remains conceptual and not yet classifiable as a Mineral Resource under JORC 2012, the scale indicated by the hard rock and secondary material domains reinforces the project’s potential and could be significant for the company’s future growth and stakeholders if further work is successful.
More about Alice Queen Ltd.
Alice Queen Ltd. is an Australian-listed exploration company focused on gold, with its primary activities centred on the Horn Island Project. The company targets hard rock vein-hosted gold, legacy mine stockpiles and tailings, and potential alluvial systems, aiming to define resources that could support a long-life mining operation in northern Australia.
Average Trading Volume: 3,985,901
Technical Sentiment Signal: Sell
Current Market Cap: A$18.29M
See more data about AQX stock on TipRanks’ Stock Analysis page.