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Alice Queen in trading halt ahead of capital raising

The company is exploring for gold at its Horn Island JV and for copper-gold porphyry systems at its Northern Molong Projects.

Alice Queen Ltd - Alice Queen in trading halt ahead of capital raising
Shares in the company last traded at 3.5 cents before going into halt

Alice Queen Ltd (ASX:AQX) has been granted a trading halt by the ASX pending the release of information regarding a capital raising.

Shares in the company will remain halted until the earlier of either release of relevant information, or, the commencement of trading on Wednesday 19 February 2020.

Nearby porphyry discovery by Alkane

Alice Queen has an exploration focus at Horn Island in North Queensland and at its Northern Molong Projects in New South Wales.

The company commenced its 2020 exploration programs with drilling underway at both Horn Island and at Yarindury within the Northern Molong Projects.

The Northern Molong Projects comprise Mendooran North, Mendooran, Mendooran South, and Yarindury.

Last Thursday, Alkane Resources Ltd (ASX:ALK) intersected 689 metres at 0.46 g/t gold, 0.19% copper from 402 metres depth at its Boda Prospect.

Alice Queen's Boda East prospect within Yarindury is located only 700 metres to the east of the Boda discovery.

 

 

Quick facts: Alice Queen Ltd

Price: 0.015 AUD

ASX:AQX
Market: ASX
Market Cap: $13.97 m
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