Alice Queen Announces Board Changes while Advancing Highly Prospective Projects’ Portfolio

  • Feb 03, 2020 AEDT
  • Team Kalkine
Alice Queen Announces Board Changes while Advancing Highly Prospective Projects’ Portfolio

On 3 February 2020, ASX-listed advanced gold and copper explorer, Alice Queen Limited (ASX:AQX) announced new Board appointments, entering 2020 with a refreshed leadership team.

Patrick Gowans Appointed Non-Executive Chairman

Phillip Harman, who served AQX as a director since 2009, tendered his resignation as Non-Executive Chairman of the company. Following which, Alice Queen appointed Patrick Gowans to succeed Phil Harman as Chair of the Board.

Mr Gowans has more than 10 years of experience in corporate and commercial law, focusing on equity capital markets, ASX compliance and corporate governance, with advisory services offered to several mining exploration entities listed on the Australian Securities Exchange.

He is a partner of Melbourne-based law firm Quinert Rodda & Associates, which acts as legal advisors to Alice Queen, advising on corporate and compliance matters. Quinert Rodda provided its services to AQX in its acquisition and ASX listing in 2015.

Since 2017, Mr Gowans has also been a Director of Kauraru Gold Pty Ltd, an AQX joint venture company, wherein he aided the Horn Island Gold Project in far-north Queensland by engaging with several key stakeholders, community members and regulators.

Expressing his gratitude to Mr Phillip Harman, while welcoming Patrick Gowans as the new AQX Chairman, Managing Director Andrew Buxton said -

Dale McCabe Appointed as Executive Director

Alice Queen made another appointment to the Board, with Dale McCabe joining as an Executive Director, effective immediately, who before joining AQX spent over 20 years in the IT industry across various industry sectors.

Since the Company’s inception, Mr McCabe has been immensely valuable to Alice Queen, including with the provision of operational support and aiding with the raising of seed capital.

He officially joined the Company in 2015 and supervised the establishment of exploration projects and operational aspects of AQX while continuing to provide support to the Company concerning fundraising activities.

Anthony McIntosh Appointed as Non-Executive Director

The company also announced the appointment of Anthony McIntosh to the Board as a Non-Executive Director, effective from 3 February 2020. Mr McIntosh served as an Echo Resources board member for seven years, before its acquisition in 2019 by Northern Star Resources.

As a new Board member, he will bring marketing, investor relations and strategic planning skills to the company. Moreover, he has access to a strong network of stockbroker and fund manager supporters.

A Bachelor’s in Commerce and a graduate from the Australian Institute of Company Directors, Mr McIntosh is engaged in managing a portfolio of investments for both listed and unlisted companies, as well as rural, residential and commercial properties.

All these new appointments are expected to aid the Company in advancing its portfolio of highly prospective projects in Queensland and New South Wales.

The Company also recently released its quarterly activities report for the three months to December 2019. To know more, please read Alice Queen Announces December Quarter Report; Drilling Underway at Horn Island and Yarindury Projects

Stock Performance

The stock of Alice Queen was trading at 0.027 on 3 February 2020 (AEDT 02:55 PM), with a market cap of $ 21.87 million and approximately 810.16 million outstanding shares. The last six-month return of the stock stands at 125%.

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