Alice Queen reels in $1.8 million to progress gold work at Horn Island, Fiji and central NSW
Proceeds from the placement will be used in exploration activities including assessing the value of the historic Run of Mine and ore stockpiles at Horn Island via a planned RC drill program and to progress the review of historical exploration results at Fiji and starting a maiden preliminary field program. The company plans to issue around 140 million shares at a price of 1.3 cents per share.
Alice Queen Ltd (ASX:AQX) has received binding commitments for its proposed $1.8 million placement to progress gold work at its Horn Island Project in Queensland, recent Fijian acquisition and its Northern Molong Project in NSW.