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In NSW, Alice Queen is exploring multiple large-scale porphyry copper-gold targets at its Mendooran,Yarinduryand 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, the Horn Island Gold Project in the state’s far north is advancing under a joint venture agreement (JV) with established ASX-listed gold miner St Barbara (ASX Code: SBM). Excluded from the JV, Alice Queen Limited continues to progress the Inferred Resource (JORC 2012) of 7.9Mt @ 1.9g/t Au for 492,000oz located adjacent to the Horn Island pit.