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Alice Queen Ltd. ( (AU:AQX) ) has issued an announcement.
Alice Queen has released a new Exploration Target for its Horn Island Project, outlining hard rock domains of 34.6–52.0 million tonnes at 0.88–1.32 grams per tonne gold and stockpiles, tailings and alluvial domains of 25.1–37.6 million tonnes at 0.31–0.46 grams per tonne. The target highlights multiple shallow and near-surface mineralised zones outside the existing 500,000-ounce resource, supporting the company’s strategy to evaluate a potential mining restart through updated resource estimates and scoping studies while seeking to capitalise on strong gold prices and attract fresh investor interest.
More about Alice Queen Ltd.
Alice Queen Ltd is an Australian gold exploration company listed on the ASX, focused on advancing its Horn Island Project in Queensland. The company targets hard rock, stockpile, tailings and potential alluvial gold sources, aiming to reposition Horn Island as a significant long-life gold operation amid a supportive high gold price environment.
Average Trading Volume: 3,705,126
Technical Sentiment Signal: Sell
Current Market Cap: A$17.32M
For a thorough assessment of AQX stock, go to TipRanks’ Stock Analysis page.