Alice Queen Limited · ASX:AQX
Alice Queen — Investor Presentation (March 2018)
22 slides from Alice Queen's investor presentation, Mar 28, 2018
Slide 1: Investor Presentation March 2018
For personal use only INVESTOR PRESENTATION MARCH 2018
Slide 2: Disclaimer
DISCLAIMER For personal use only FORWARD LOOKING STATEMENTS This presentation may contain certain forward-looking statements that have been based on current expectations about future acts, events and circumstances. These forward-looking statements are, however, subject to risks, uncertainties and as
Slide 3: Corporate Overview
CORPORATE OVERVIEW For personal use only SHARE PRICE HISTORY CAPITAL STRUCTURE Share Price ($) Volume (m) Ordinary Shares on Issue (50M new $0.08 8.0m shares to be issued on or around 5 April 407M 2018) $0.07 7.0m Market Cap (at A$0.05) $20.35M $0.06 6.0m Top 20 56.9% Directors & Management Holding
Slide 4: Asset Overview – Two Unique Projects
ASSET OVERVIEW – TWO UNIQUE PROJECTS For personal use only HORN ISLAND, TORRES STRAIT – QLD Intrusion Related Gold System (IRGS) within a 40km mineralised corridor Horn Island mineral field (15km2) Horn Island pit prospect Maiden (JORC) Inferred Resource of 5.8Mt @ 2.01 g/t for 375,000oz (se
Slide 5: Horn Island Project
TORRES STRAIT For personal use only HORN ISLAND PROJECT ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 5
Slide 6: Strong Relationships with Traditional Owners
TORRES STRAIT For personal use only STRONG RELATIONSHIPS WITH TRADITIONAL OWNERS Kaurareg Aboriginal Land Trust (KALT) Holds land in trust for members Three board positions on the project company, Kauraru Gold Pty Ltd 7.5% equity partner Kaurareg Native Title Aboriginal Corporation (KNTAC)
Slide 7: Horn Island Project
TORRES STRAIT For personal use only HORN ISLAND PROJECT Two tenements covering approximately 300km2 Horn Island mineral field is approximately 15km2 Horn Island was a historic gold mine Previously under a government moratorium for 25 years Multiple prospects Currently drilling to increas
Slide 8: Large Mineralised Corridor
TORRES STRAIT For personal use only LARGE MINERALISED CORRIDOR IRGS (Intrusion Related Gold system) at Horn Island with multiple prospects Corridor is at least 40km long Gold Zone Corridor Gold found on: 40km Mainland Possession Island Horn Island Goodes Island Hammond Island ALICE Q
Slide 9: Horn Island Is Serviced by Excellent Infrastructure
TORRES STRAIT For personal use only HORN ISLAND IS SERVICED BY EXCELLENT INFRASTRUCTURE ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 9
Slide 10: Resource Drilling at Pit Prospect Is Ongoing
TORRES STRAIT For personal use only RESOURCE DRILLING AT PIT PROSPECT IS ONGOING ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 10
Slide 11: Phase Resource Drilling
TORRES STRAIT For personal use only PHASE 2 RESOURCE DRILLING (Green Shading) Maiden Mineral Resource of 375k oz (red shading) (see ASX release 05/09/2017) Resource drilling underway (green shading) Resource upgrade expected May/June 2018 Resource drilling to continue (yellow and blue shadin
Slide 12: Additional Targets – Horn Island Pit Prospect
TORRES STRAIT For personal use only ADDITIONAL TARGETS – HORN ISLAND PIT PROSPECT MULTIPLE TARGETS OUTSIDE OF IMMEDIATE PIT AREA Within the 15km2 mineral field Open along a +500 metre northwest strike * See ASX releases; 18/01/2017 05/09/2017 ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 201
Slide 13: Additional Targets – Southern Silicified Ridge (SSR)
TORRES STRAIT For personal use only ADDITIONAL TARGETS – SOUTHERN SILICIFIED RIDGE (SSR) MULTIPLE TARGETS OUTSIDE OF IMMEDIATE PIT AREA 3km strike extent Multiple Vein Zones expressed at surface Multiple high grade rock chips 650 surface samples with gold results up to 250 g/t Au 14 channe
Slide 14: Southern Silicified Ridge (SSR)
TORRES STRAIT For personal use only SOUTHERN SILICIFIED RIDGE (SSR) High grade (17.45g/t Au) surface chip gold correlates with high grade gold in drill hole New gold system confirmed by maiden drill program testing the North Western zone 9 holes for 1449 metres Multiple vein zones, continuity
Slide 15: Waste Rock Stock Piles
WASTE ROCK STOCK PILES For personal use only Gold bearing rock identified across Approximate Total Site Gold Grades Results >5g/t Au Volume (m 3) Samples numerous waste rock sites West Bund Wall 38,225 6 10.72 North Bund Wall 51,750 5 9.57 North Track 5,500 4 13.85 Significant free kick for a fu
Slide 16: NSW Project
NSW PROJECT For personal use only ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 16
Slide 17: Mendooran – Newcrest Joint Venture
NSW PROJECT For personal use only MENDOORAN Newcrest - Joint Venture Northern under-cover part of Molong Volcanic Belt 180km north from Newcrest’s Cadia Valley (50Moz gold) Highly prospective belt along trend from Cadia Lack of historical exploration due to the presence of cover which masks
Slide 18: Mendooran – Newcrest Joint Venture
NSW PROJECTS For personal use only MENDOORAN Newcrest - Joint Venture Geophysics completed Newcrest has completed 3 diamond core holes testing depth to basement and host rocks Sedimentary cover estimate <300m Basement - Macquarie Arc Volcanics (Molong Volcanic Belt) Next drilling targets t
Slide 19: Market Comparables
MARKET COMPARABLES For personal use only Alice Queen Undervalued Based on Market Metrics EV/Resource ($/oz) Grade (g/t) 160 EV/Resource ($/oz) Avg. EV/Resource ($/oz) Au Eqv. Grade (g/t Au) 2.5 140 2.0 120 100 1.5 80 Average EV/Resource - $69/oz 1.0 60 40 0.5 20 - 0.0 GOR WAF EAR EXU GCY AQX KIN CMM
Slide 20: Strong Position
STRONG POSITION For personal use only HORN ISLAND UNDERPINS VALUE Inferred Resource of 375,000ozs at the Horn Island Pit prospect (see ASX release 05/09/2017) Resource drilling underway with Resource upgrade expected May/June 2018 New gold system confirmed at the Southern Silicified Ridge (SSR
Slide 21: Upcoming Newsflow
UPCOMING NEWSFLOW For personal use only •Results from drilling at Southern Silicified Ridge March 2018 on Horn Island •Resource Upgrade – Horn Island pit May/June 2018 •Resource drilling to continue – Horn Island pit May/June 2018 •Newcrest Mendooran to drill high priority targets at ALICE QUEEN LIM
Slide 22: Contact
For personal use only For further information please contact Andrew Buxton, Managing Director Mobile: +61 403 461 247 Email: andrew.buxton@alicequeen.com.au