Alice Queen Limited · ASX:AQX
Alice Queen — Mining 121 Hong Kong 2017
17 slides from Alice Queen's conference presentation, Mar 29, 2017
Slide 1: Alice Queen Limited Mining 121 Presentation
: | ALICE QUEEN a LIMITED ALICE QUEEN LIMITED MINING 121 MINING PRESENTATION INVESTMENT MARCH 2017 29-30 MARCH 2017 HONG KONG
Slide 2: Disclaimer
j\ ALICE QUEEN DISCLAIMER een 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 assum
Slide 3: Two unique Australian gold projects
For personal use only • TWO UNIQUE AUSTRALIAN GOLD PROJECTS • HORN ISLAND BROWNFIELDS PROJECT, PREVIOUSLY UNDER GOVERNMENT MORATORIAM FOR 25 YEARS • RECENTLY ANNOUNCED HORN ISLAND EXPLORATION TARGET UPGRADE (8.0 to 10.0 Mt at 2.8-3.0 g/t Au for 840k Oz to 880k Oz Au) AND • NSW MOLONG VOLCANIC BELT C
Slide 4: Corporate Overview
CORPORATE OVERVIEW fal ALICE QUEEN CAPITAL STRUCTURE [at 28 March 2017} AQx (Ordinary Shares on Issue] 225M AQXO [Options, 3c exp 30 Sep 2017) 122M Market Cap (at A$0.046) $10.35M MAJOR SHAREHOLDERS [at 15 March 2017) Andrew T. Buxton 19.1% (Means anne 9.02% Phil Harman Andrew T. Buxton Mark Kerr No
Slide 5: Project Overview - Project Location Map
PROJECT OVERVIEW | \\ ALICE QUEEN ALICE QUEEN - PROJECT LOCATION MAP TORRES STRAIT —- QUEENSLAND , HORN ISLAND A Horn Island (Brownfields) - EPM 25520 KAIWALAGAL Kaiwalagal (Greenfields) - EPM 25418 ~ EPM 25418 MOLONG VOLCANIC BELT - N.S.W. Mendooran [Jv with Newcrest] - EL8469 | \ Pacific Ocean Loo
Slide 6: Torres Strait - Tenement Map
TORRES STRAIT - TENEMENT MAP 142°15° Southern Silicified Ridge HANIMOND \ ISLAND eu \ THURSDAY \ \ \ FRIDAY ¢ ISLAND & PRINCE OF WALES ISLAND Quatemary-Tettiay [| Laterite, sand, silt Jurassic-Cretareous [| Sediments Late Carboniferous [7] fee eel Carbonterous [| (eesti ignimbrite goons ‘ ISLAND ISL
Slide 7: For personal use only
¢ a ALICE QUEEN ap LIMITED
Slide 8: Horn Island Gold Project - Horn Island Prospects
HORN ISLAND GOLD PROJECT ; . iM HORN ISLAND PROSPECTS + PREVIOUSLY OPERATING GOLD MINE IN 1980's + AQX HAS COMPLETED 15 DIAMOND CORE HOLES PROSPECT + JORC 2012 EXPLORATION TARGET UP TO 880k Oz Au* ¢ DRILLING TO COMMENCE MID APRIL 2017 AIMING TO DEFINE A MAIDEN INFERRED RESOURCE HORN ISLAND PIT + MAP
Slide 9: Horn Island - Plan View of Prospects
a <2 LIMITED HORN ISLAND - PLAN VIEW OF PROSPECTS Bonanza Target Cluster of high grade gold veins up to 117g/t Band of Hope Target significant mineralised stockwork zone drill test strike extension towards the north of veining from Pit : Legend Southern Silicified Ridge Target Area es Wide stockwork
Slide 10: Horn Island - Pit Prospect
HORN ISLAND - PIT PROSPECT \ ALICE QUEEN sns00 su4000 827500 ee27000 Legend Drilling Program © Phase | © Phase Il ® Phase Ill ©) [Historic Pit Outline reas 8.0 to 10.0 Mt at 2.8-3.0 g/t Au for 840k Oz to 880k ola to April 2017. ASX A E QUEEN | 121 MINING INVESTMENT MARCH 2017
Slide 11: Metallurgical test results
For personal use only •91.2% in to 4.9% of the mass at a concentrate grade of 44.3 g/t Au •95.1% in to 5.1% of the mass at a concentrate grade of 44.6 g/t Au •Total gold recovery of 98.8% •Sample found to be amenable to proven technology •Economics of gravity and flotation being prepared
Slide 12: Horn Island - Infrastructure
“\ HORN ISLAND - INFRASTRUCTURE ‘wine EXCELLENT INFRASTRU Old Mine Site Crushing Plant Horn Island Airport ALICE QUEEN | 121 MINING INVESTMENT MARCH 2017
Slide 13: For personal use only
For personal use only
Slide 14: For personal use only
: Ha ALICE QUEEN S LIMITED
Slide 15: Mendooran - EL8469
MENDOORAN - EL8469 | \ ALICE QUEEN NORTHERN UNDER COVER PART OF MOLONG VOLCANIC BELT 180KM NORTH ALONG STRIKE FROM NEWCREST’S CADIA VALLEY [50M OZ AU) SEVERAL MAGNETIC ANOMOLIES THAT FIT THE Cu/Au PORPHYRY MODEL INTERPRETED CROSS FAULTING ESTIMATED COVER SEQUENCE <300M NEWCREST J.V. TO DRILL TEST TA
Slide 16: Newcrest J.V. - Key Terms
j.\ ALICE QUEEN NEWCREST J.V. - KEY TERMS LIMITED “SEEKING TO FIND THE NEXT CADIA VALLEY” (50M OZ AU) NEWCREST TO SPEND A$10.0 MILLION IN UNDER 10 YEARS TO EARN 80% BROKEN DOWN IN TO THREE PARTS AS FOLLOWS: = A$2.0 MILLION SPEND IN FIRST 2 YEARS FOR OPTION TOP EARN IN * A$1.0 MILLION OF WHICH WILL B
Slide 17: Company News Flow
COMPANY NEWS FLOW ly ¢ NEWCREST JV TO GO UNCONDITIONAL ¢ DRILLING COMMENCES AT HORN ISLAND PIT FIRST ASSAY RESULTS FROM HORN ISLAND DRILLING « NEWCREST TO COMMENCE EXPLORATION AT MENDOORAN ersonal use on MAIDEN INFERRED RESOURCE AT HORN ISLAND F ¢ FIRST RESULTS FROM NEWCREST DRILLING ~ = ava i = 201