Alice Queen Limited announces mobilisation of drill rig to Fiji

Alice Queen Limited (ASX:AQX) has announced the mobilisation of a drill rig to Fiji to test its conceptual porphyry 'Cu-Au subvolcanic breccia pipe' target at its 100% owned Sabeto Project (SPL1518), located on Viti Levu in Fiji. The drill rig is expected to arrive in Fiji from Australia in the first week of October 2024.

Executive Commentary on Exploration Strategy and Funding

This is exciting news for Alice Queen. With Gage Capital's recent investments, the company is fully funded to execute its exploration strategy across the Company's projects. With initial focus on Fiji, and drilling due to commence there in October, both the Sabeto and Viani projects will be drill tested in coming months. This paves the way for strong news flow throughout the back end of this calendar year and well into 2025. It is our intention to make Alice Queen a significant player in the Asia Pacific gold space.

Summary of Sabeto Project and Outlook

Alice Queen Limited has mobilised a drill rig to Fiji to test its conceptual porphyry 'Cu-Au subvolcanic breccia pipe' target at its 100% owned Sabeto Project. The project is located on the highly prospective Sabeto range, hosting the Vuda gold copper project to its west and the Lion One Metals operating 'Tuvatu' gold mine to its east. The company's Managing Director, Andrew Buxton, expressed excitement about the recent investments from Gage Capital, ensuring full funding for the exploration strategy. The company aims to become a significant player in the Asia Pacific gold space and anticipates strong news flow throughout the remainder of 2024 and into 2025.