Alice Queen Ltd. (AU:AQX)
ASX:AQX
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Alice Queen Ltd.
(Sydney:AQX)
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Rating:45Neutral
Price Target:
AU$0.01
▲(37.50% Upside)
Action:UpgradedDate:03/24/26
The score is primarily held back by persistent net losses and continued negative operating/free cash flow, which signal ongoing cash burn despite improving revenue. Technicals are broadly neutral with slightly negative momentum, and valuation support is limited because the company is loss-making and no dividend yield is available.
Positive Factors
Revenue Rebound
A multi-year revenue rebound indicates the company is generating growing commercial receipts from exploration or related activities. Sustained top-line recovery improves its ability to fund programs, attract JV partners and convert projects toward development, supporting durable operational momentum.
Negative Factors
Persistent Net Losses
Ongoing operating and net losses erode shareholder equity and limit internal reinvestment. Persistent unprofitability complicates long-term planning, increases reliance on external capital, and makes it harder to demonstrate a clear, durable path to self-sustaining operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
A multi-year revenue rebound indicates the company is generating growing commercial receipts from exploration or related activities. Sustained top-line recovery improves its ability to fund programs, attract JV partners and convert projects toward development, supporting durable operational momentum.
Read all positive factors
Alice Queen Ltd. (AQX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$21.17M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)1.01
Revenue GrowthN/A
EPS Growth32.08%
CountryAU
Employees2
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,924,764,900
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.92
Price to Sales (P/S)102.11
P/FCF Ratio-0.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Alice Queen Ltd. Business Overview & Revenue Model
Company Description
Alice Queen Limited engages in the exploration for and development of mineral properties in Australia. The company primarily explores for gold and copper deposits. Its flagship property is the Horn Island Gold project located in the Torres Strait,...
How the Company Makes Money
Alice Queen Ltd. generates revenue primarily through activities associated with the exploration and potential development of mineral resources. The company’s earnings are contingent upon successful exploration results leading to resource discoveri...
Alice Queen Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.74K | 33.82K | 5.77K | 3.29K | 105.00 | 247.05K |
| Gross Profit | -8.61K | 33.82K | 5.77K | -85.16K | -160.61K | 118.26K |
| EBITDA | -3.42M | -3.98M | -1.75M | -19.87M | -8.08M | -1.75M |
| Net Income | -3.57M | -4.14M | -2.21M | -17.24M | -7.58M | -1.86M |
Balance Sheet | ||||||
| Total Assets | 1.19M | 911.36K | 599.23K | 359.78K | 17.95M | 22.31M |
| Cash, Cash Equivalents and Short-Term Investments | 802.99K | 370.73K | 123.09K | 41.93K | 333.67K | 1.16M |
| Total Debt | 1.07M | 110.67K | 182.17K | 185.60K | 85.39K | 202.32K |
| Total Liabilities | 1.48M | 898.25K | 537.22K | 906.98K | 887.02K | 763.27K |
| Stockholders Equity | 3.49M | 3.75M | 3.74M | 3.09M | 17.88M | 21.70M |
Cash Flow | ||||||
| Free Cash Flow | -3.12M | -3.71M | -2.36M | -2.67M | -4.65M | -11.71M |
| Operating Cash Flow | -3.12M | -3.64M | -2.36M | -2.00M | -1.26M | -1.37M |
| Investing Cash Flow | 28.09K | -75.07K | 60.00K | -707.20K | -3.00M | -8.57M |
| Financing Cash Flow | 2.22M | 4.00M | 2.38M | 2.43M | 3.43M | 8.16M |
Alice Queen Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
45 Neutral | AU$21.17M | -1.52 | -98.65% | ― | ― | 32.08% | |
45 Neutral | AU$19.11M | 0.09 | 282.73% | ― | 20.65% | 80.26% | |
45 Neutral | AU$31.82M | -2.41 | -84.62% | ― | ― | -11.90% | |
45 Neutral | AU$12.08M | -7.05 | -7.48% | ― | ― | 12.20% | |
45 Neutral | AU$7.12M | -3.69 | -22.17% | ― | ― | 0.81% | |
42 Neutral | AU$12.73M | -5.81 | -32.43% | ― | ― | -17.78% |
* Basic Materials Sector Average
AU:AQX
Alice Queen Ltd.
0.01
<0.01
10.00%
AU:TAS
Tasman Resources
0.04
0.03
180.00%
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Accent Resources NL
0.07
0.05
400.00%
AU:GED
Golden Deeps Limited
0.05
0.03
178.95%
AU:BMM
Balkan Mining and Minerals Ltd
0.09
0.06
161.11%
AU:M24
Mamba Exploration Ltd.
0.02
0.01
110.00%
Alice Queen Ltd. Corporate Events
Alice Queen Director Andrew Buxton Cuts Option Holdings in Off-Market Trade
Apr 10, 2026
Alice Queen Limited has reported a change in the securities interests of director Andrew Buxton, updating the market on his direct and indirect holdings in the company. The update confirms that Buxton maintains stakes through both personal holding...
Alice Queen appoints new director with 25m unlisted options
Mar 31, 2026
Alice Queen Ltd. has appointed Davide Bosio as a director effective 30 March 2026, in line with its disclosure obligations to the ASX under listing rule 3.19A.1. The initial director’s interest notice shows he holds no shares directly, but h...
Alice Queen Issues 10 Million Unlisted Options Expiring 2030
Mar 31, 2026
Alice Queen Ltd. has notified the market of the issue of 10,000,000 unlisted options, each expiring on 30 September 2030, under a new class of unquoted securities. The options, which are not intended to be quoted on the ASX, represent part of a pr...
Alice Queen Issues 10 Million Unlisted Options Expiring in 2029
Mar 31, 2026
Alice Queen Limited has notified the market of the issue of 10,000,000 unlisted options, each expiring on 30 September 2029, under a new class of unquoted securities that are not intended to be listed on the ASX. The issuance, effective 30 March 2...
Alice Queen Issues 5 Million Unlisted Options Expiring in 2028
Mar 31, 2026
Alice Queen Ltd. has notified the market of the issue of 5,000,000 unlisted options, each expiring on 30 September 2028, under its latest Appendix 3G filing. These options form part of previously announced transactions and are not quoted, nor inte...
Alice Queen Plans Issue of 10 Million Unlisted Options
Mar 29, 2026
Alice Queen Ltd. has notified the ASX of a proposed securities issue, outlining plans to issue up to 10 million unlisted options expiring on 30 September 2030. The options will be created as a new class of unlisted securities, with the proposed is...
Alice Queen Plans Issue of 10 Million Unlisted Options
Mar 29, 2026
Alice Queen Limited has notified the ASX of a proposed issue of up to 10 million unlisted options, each expiring on 30 September 2029, as part of a placement or other type of securities issue. The options will be issued on 30 March 2026, indicatin...
Alice Queen to Issue 5 Million Unlisted Options Expiring 2028
Mar 29, 2026
Alice Queen Limited has notified the ASX of a proposed issue of up to 5,000,000 unlisted options expiring on 30 September 2028. The options are to be issued via a placement or similar type of securities issue, with the proposed issue date set for ...
Alice Queen adds seasoned financier Davide Bosio to board to drive Horn Island growth
Mar 29, 2026
Alice Queen Limited has appointed experienced financial services and resources executive Davide Bosio as a non-executive director, bolstering its board with deep capital markets and mining expertise. Bosio currently serves on the boards of Black C...
Alice Queen Director Increases Indirect Option Holdings in Off-Market Trade
Mar 27, 2026
Alice Queen Limited has disclosed a change in the securities interests of director Jianying Wang, involving both his direct holdings and those held indirectly through Gage Resource Development Pty Ltd, where he is also a director. The notice detai...
Alice Queen director trims direct option holding in off-market trade
Mar 27, 2026
Alice Queen director Andrew Buxton has reduced his direct holding of Alice Queen quoted options via an off-market trade, disposing of 25 million AQXO options at $0.004 each. Following the transaction, Buxton retains 16.56 million quoted options an...
Alice Queen Seeks ASX Quotation for 49,900 Additional Shares
Mar 27, 2026
Alice Queen Ltd. has applied for quotation of 49,900 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 27 March 2026. The modest increase in quoted securities suggests routine capital management activity, ...
Alice Queen Flags New High-Grade Gold Target at Fiji’s Viani Project
Mar 25, 2026
Alice Queen has reported new trench geochemical sampling results from its Viani project in Fiji, identifying a high-grade epithermal gold zone at the Tabua’s Camp prospect about 400 metres east of previous drilling at the Central Prospect. T...
Alice Queen Releases Interim Half-Year 2025 Financial Report
Mar 13, 2026
Alice Queen Limited has released its interim financial report for the half-year ended 31 December 2025, covering the consolidated performance and financial position of the company and its controlled entities. The report includes directors’ c...
Alice Queen investor FINICO Pty Ltd loses substantial holder status after major share issues
Feb 22, 2026
Alice Queen Ltd has disclosed that FINICO Pty Ltd, as trustee for The Morris Family Account, has ceased to be a substantial shareholder in the company. The notice identifies FINICO’s holding as having been diluted by two large share issues u...
Alice Queen Seeks ASX Quotation for 10 Million New Options
Feb 11, 2026
Alice Queen Limited has applied for quotation on the ASX of 10,000,000 options under the code AQXO, with an expiry date of June 30, 2028, and an issue date of February 11, 2026. The options form part of previously announced transactions, indicatin...
Alice Queen Seeks ASX Quotation for 220 Million New Shares
Feb 11, 2026
Alice Queen Limited has applied for quotation on the ASX of 220 million new ordinary fully paid shares, dated 11 February 2026, under its existing issuer code AQX. The move significantly expands the company’s quoted share base, potentially b...
Alice Queen outlines major options offers to boost equity liquidity
Feb 11, 2026
Alice Queen Limited has lodged a prospectus detailing a series of offers for new listed options and a small share issue, primarily targeting existing stakeholders such as holders of unsecured convertible notes, placement participants, its corporat...
Alice Queen Plans Major Share and Option Issue to Expand Capital Base
Feb 10, 2026
Alice Queen Limited has notified the ASX of a proposed capital raising via a placement or similar issue structure, planning to issue up to 70,000,000 ordinary fully paid shares and 35,000,000 options expiring on 30 June 2028. The new securities, e...
Alice Queen Upsizes Placement Tranche to Fund Horn Island and Fiji Gold Work
Feb 10, 2026
Alice Queen Limited has secured binding commitments from unrelated investors for an additional $280,000 as part of an upsized second tranche of a previously announced placement. This funding is in addition to a $510,894.27 subscription from substa...
Alice Queen to Convert All Convertible Notes into 200 Million Shares
Feb 5, 2026
Alice Queen Limited has received a notice to convert all outstanding convertible notes into fully paid ordinary shares at a price of $0.005 per share, in line with the note terms previously disclosed to the market. The conversion, which will see 2...
Alice Queen shareholders back all capital-raising and option resolutions at general meeting
Jan 30, 2026
Alice Queen Limited has reported the outcomes of its general meeting held on 30 January 2026, at which shareholders voted on a series of ordinary resolutions relating primarily to the ratification of prior share issues and the approval of new secu...
Alice Queen Revisits Horn Island Economics as Gold Price Surges
Jan 30, 2026
Alice Queen has launched a strategic reassessment of its Horn Island Gold Project after a sharp rise in the gold price since the 2021 Scoping Study, which was based on A$2,450/oz and delivered a Net Present Value (NPV5%) of A$140 million. The comp...
Alice Queen Shares Reinstated to Trading on ASX After Price Query
Jan 19, 2026
Alice Queen Limited (ASX: AQX) has had the suspension of trading in its securities on the ASX lifted, allowing its shares to resume quotation. The reinstatement follows the company’s response to a price query from the exchange, signalling th...
Alice Queen Says No Undisclosed News Behind Share Price Surge
Jan 19, 2026
Alice Queen Limited has told the ASX it is not aware of any undisclosed information that would explain the recent sharp rise in its share price and trading volumes. The company suggested recent market interest may be linked to its ongoing work at ...
ASX Suspends Trading in Alice Queen Shares Over Compliance Concerns
Jan 16, 2026
The Australian Securities Exchange has suspended trading in Alice Queen Limited shares after determining the company could not adequately respond to regulatory queries. The halt will remain in place until the exchange is satisfied that Alice Queen...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.