Slide 1: Technical Presentation (ASX release)
ASX RELEASE DATE | 21 AUGUST 2018 For personal use only TECHNICAL PRESENTATION Alice Queen Limited (the Company) advises that a recording of an investor webinar held today at 1pm (AEST) regarding the attached Technical Presentation has been made available on the Company’s website. The recording can
Slide 2: Technical Presentation August 2018
For personal use only TECHNICAL PRESENTATION AUGUST 2018
Slide 3: 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 4: Corporate Overview
CORPORATE OVERVIEW For personal use only SHARE PRICE HISTORY CAPITAL STRUCTURE Share Price ($) Volume (m) Ordinary Shares on Issue 457M $0.08 7.0 Market Cap (at A$0.03) $13.7M $0.07 6.0 Top 20 56.9% Directors & Management Holding 28.4% $0.06 5.0 $0.05 4.0 $0.04 MAJOR SHAREHOLDERS Andrew Buxton 3.0 1
Slide 5: 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 pit prospect ◼ Inferred Resource of 7.96Mt @ 1.9 g/t for 492,000oz (see ASX release 02/08/2018) ◼ Dilation zone only par
Slide 6: Torres Strait Horn Island Project
TORRES STRAIT For personal use only HORN ISLAND PROJECT ◼ Two tenements covering approximately 300km2 ◼ Horn Island is the flagship project ◼ Horn Island hosted an historic gold mine ◼ Mineral field is approximately 20km2 ◼ Kaiwalagal comprises the other islands of the Kaurareg archipelago (Greenfie
Slide 7: Horn Island Is Well Serviced and Has Excellent Infrastructure
HORN ISLAND (NGURAPAI) For personal use only HORN ISLAND IS WELL SERVICED AND HAS EXCELLENT INFRASTRUCTURE ALICE QUEEN LIMITED | HORN ISLAND TECHNICAL PRESENTATION AUGUST 2018 6
Slide 8: 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 9: Horn Island Old Mine Area
HORN ISLAND OLD MINE AREA For personal use only ALICE QUEEN LIMITED | HORN ISLAND TECHNICAL PRESENTATION AUGUST 2018 8
Slide 10: Horn Island Resource Drilling: Gold
HORN ISLAND RESOURCE DRILLING: GOLD For personal use only ALICE QUEEN LIMITED | HORN ISLAND TECHNICAL PRESENTATION AUGUST 2018 9
Slide 11: Horn Island Old Mine Geology
HORN ISLAND OLD MINE GEOLOGY For personal use only Hand specimen showing tensional shattering of the brittle intrusive rocks with jigsaw fit breccia clasts cemented in place by the silica and sulphide rich fluid that fills the space caused by the dilation ALICE QUEEN LIMITED | HORN ISLAND TECHNICAL
Slide 12: Tension Veins in Rotation-Resistant Granite Blocks Between Shears
HORN ISLAND: TENSION VEINS IN ROTATION-RESISTANT GRANITE BLOCKS BETWEEN SHEARS For personal use only Structural Framework Schematic Section for the Horn Island Deposit (source: B McCormack 2018 Structural Study PowerPoint presentation) ALICE QUEEN LIMITED | HORN ISLAND TECHNICAL PRESENTATION AUGUST
Slide 13: Granite Fractionation Patterns Indicative of an IRG System
HORN ISLAND RESOURCE DRILLING: GRANITE FRACTIONATION PATTERNS INDICATIVE OF AN INTRUSION-RELATED GOLD (IRG) SYSTEM For personal use only Colours indicate different granite phases and progressive fractionation of magma during cooling ALICE QUEEN | INVESTOR AND EXPLORATION UPDATE MARCH 2018 12
Slide 14: Metal Patterns Indicative of an Intrusion-Related Gold System
HORN ISLAND RESOURCE DRILLING: METAL PATTERNS ARE INDICATIVE OF AN INTRUSION-RELATED GOLD SYSTEM For personal use only ALICE QUEEN | INVESTOR AND EXPLORATION UPDATE MARCH 2018 13
Slide 15: North Queensland Intrusion-Related Gold
NORTH QUEENSLAND INTRUSION-RELATED GOLD For personal use only Horn Island 0.5moz Red Dome 1.3moz Kidston 3.4moz Ravenswood 3.1moz Mt Leyshon 2.5moz Horn Island is of the same Carboniferous-Permian Age and same Metallogenic Type as other major North Queensland Gold Deposits But unlike the others it i
Slide 16: Geochemistry Indicates Most Fractionated Granite Phases Not Yet Intersected
HORN ISLAND RESOURCE DRILLING: GEOCHEMISTRY INDICATES THE MOST FRACTIONATED GRANITE PHASES HAVE NOT YET BEEN INTERSECTED For personal use only Fractionation position of other Queensland IRG Deposits Horn Island is not quite there YET! MORE EXPLORATION IS NEEDED ALICE QUEEN LIMITED | HORN ISLAND TECH
Slide 17: Look for Geochemical Zonations Indicative of a Granite Cupola
HORN ISLAND EXPLORATION: LOOK FOR GEOCHEMICAL ZONATIONS INDICATIVE OF A GRANITE CUPOLA POSITION For personal use only ALICE QUEEN LIMITED | HORN ISLAND TECHNICAL PRESENTATION AUGUST 2018 16
Slide 18: Solid Geology: 25km Sq Alteration Zone
HORN ISLAND SOLID GEOLOGY: 25KM SQ ALTERATION ZONE LARGE SCALE POTENTIAL For personal use only Old Pit Southern Silicified Ridge ALICE QUEEN LIMITED | HORN ISLAND TECHNICAL PRESENTATION AUGUST 2018 17
Slide 19: Gold Rock Chip Geochemistry
HORN ISLAND: GOLD ROCK CHIP GEOCHEMISTRY For personal use only Resource drilling at old pit Southern Silicified Ridge ALICE QUEEN LIMITED | HORN ISLAND TECHNICAL PRESENTATION AUGUST 2018 18
Slide 20: Arsenic Rock Chip Geochemistry
HORN ISLAND: ARSENIC ROCK CHIP GEOCHEMISTRY For personal use only Resource drilling at old pit Undrilled arsenic anomaly: may indicate gold deeper Southern Silicified Ridge ALICE QUEEN LIMITED | HORN ISLAND TECHNICAL PRESENTATION AUGUST 2018 19
Slide 21: Antimony Rock Chip Geochemistry
HORN ISLAND: ANTIMONY ROCK CHIP GEOCHEMISTRY For personal use only Undrilled antimony anomalies: may indicate gold deeper ALICE QUEEN LIMITED | HORN ISLAND TECHNICAL PRESENTATION AUGUST 2018 20
Slide 22: Horn Island IRGS Conceptual Model
HORN ISLAND IRGS CONCEPTUAL MODEL For personal use only ALICE QUEEN LIMITED | HORN ISLAND TECHNICAL PRESENTATION AUGUST 2018 21
Slide 23: Exploration Pathway: Soil Geochemistry
HORN ISLAND: EXPLORATION PATHWAY For personal use only Extensive soil geochemistry to define metal zonation patterns ALICE QUEEN | INVESTOR AND EXPLORATION UPDATE MARCH 2018 22
Slide 24: Exploration Pathway: Airborne Radiometrics and Magnetics
HORN ISLAND: EXPLORATION PATHWAY For personal use only Detailed airborne radiometrics and magnetics to define granites, fractionation patterns (Th) and structures Thorium (poor quality old data) over Lidar ALICE QUEEN | INVESTOR AND EXPLORATION UPDATE MARCH 2018 23
Slide 25: Exploration Pathway: Induced Polarisation
HORN ISLAND: EXPLORATION PATHWAY For personal use only Induced Polarisation (IP) to locate sulphides Very old, shallow-penetrating IP indicates a strong response from near surface mineralisation ALICE QUEEN | INVESTOR AND EXPLORATION UPDATE MARCH 2018 24
Slide 26: Horn Island: Key Points
HORN ISLAND: KEY POINTS For personal use only o Previously unrecognised as a North Queensland Intrusion-Related Gold (IRG) Deposit o Extensive alteration of intrusive rocks – ~25 sq km o Past exploration very limited and very shallow – old mine and SSR only o IRG model gives strong impetus for explo
Slide 27: NSW Project; Porphyry Copper-Gold
NSW PROJECT; PORPHYRY COPPER-GOLD For personal use only ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 26
Slide 28: NSW Project 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 29: NSW Projects 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 ◼ Basement <300m in two southern holes ◼ Basement confirmed as Macquarie Arc Volcanics (Molong Volcanic Belt) ◼ Next dri
Slide 30: For further information please 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