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In NSW, Alice Queen is exploring multiple large-scale porphyry copper-gold targets at its Mendooran, Yarindury and Boda East projects, which are situated along the highly prospective Molong Volcanic Belt that hosts the Newcrest Cadia mine complex. Since 2015, Alice Queen has selected multiple project areas and been actively generating targets and pursuing access across four tenements representing approximately 700km2 of highly prospective ground.
The Northern Molong Projects historically lack exploration due to the presence of cover, which masks the underlying geology. An extensive geophysical program and interpretation has been completed. Increasingly, the Northern Molong Volcanic Belt is proving to be a fertile and target-rich district with considerable recent investment and activity.
The Boda East project is also adjacent (~700m) from the recent Boda discovery by ASX-listed Alkane. Collectively these projects form the Company’s greater Northern Molong Project.
In Queensland, in the state’s far north, the Horn Island Gold Project already boasts an Inferred Resource (JORC 2012) of 7.9Mt @ 1.9g/t Au for 492,000oz. Alice Queen is currently carrying out a Scoping Study with the aim to assess the potential of recommencing an open pit mining operation.
In Fiji, the Company will commence its maiden exploration programs at the two newly acquired prospecting licences Nabila and Viani.