Latest Alice Queen (ASX:AQX) News

Alice Queen Limited has bolstered its Horn Island gold project with an updated resource of 569,000 ounces and a robust Project Definition Study showing a pre-tax NPV of A$706 million. A 2026 drilling program is underway to test a large-scale Exploration Target of up to 2.3 million ounces.

Small-cap materials shares produced some of the market’s biggest moves, led by a dramatic rise in Accent Resources and strong gains in gold and critical metals explorers.
Investors also weighed new project funding, drilling results, acquisitions and several steep falls after opening price gaps.

Alice Queen has deployed a dual-purpose drill rig to Horn Island, initiating a multi-phase program aimed at expanding its substantial gold resource and exploring new mineralised zones.

Small-cap shares produced the week’s biggest moves, led by Xenitra’s 60% surge and Carnaby Resources’ takeover jump.
Mining news dominated, but sharp falls in Lotus Resources and several funded developers showed that new capital can still unsettle investors.

Carnaby led the market after Evolution Mining agreed to a A$213 million takeover. Coal and lithium names fell despite major production and funding news.
Across materials, investors rewarded deals and cash flow, but punished large capital needs and weak price follow-through.

Alice Queen Limited’s Project Definition Study for the Horn Island Gold Project reveals robust economics with a pre-tax NPV of A$706 million and an IRR of 109%, underpinning plans for an 11-year mine life and a rapid 1.1-year capital payback.

Small caps drove the week, with battery, resources and education names posting the biggest gains. Deal news, funding rounds and fresh drilling plans kept traders busy, while a few discounted raisings hit hard.

Alice Queen Limited has contracted a versatile drilling rig to kickstart a multi-phase exploration program at its Horn Island Gold Project, with operations set to begin mid to late July 2026.

Alice Queen’s Project Definition Study for Horn Island reveals robust economics, including a pre-tax NPV of A$706 million and an IRR of 109%, underpinning plans to advance to feasibility stages.

Private credit, deal-making and debt refinancing drove the biggest finance moves this week. Retail fund launches and merger progress pulled buyers in, while fund outflows and softer portfolio updates kept pressure on parts of the sector.

Alice Queen Limited has pushed back the closing date for its partially underwritten rights issue to 19 June 2026, giving shareholders more time to subscribe at 0.9 cents per share.

Deal-making and capital returns drove the finance board this week, with several stocks rising on mergers, buybacks and strong portfolio numbers. One sharp sell-off in Findi showed investors still punish uncertainty fast.