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Highlights
- Promising drilling results at Viani project in Fiji.
- Strong legal framework and jurisdiction in Fiji despite infrastructure challenges.
- Partnership with Gage Capital bolsters long-term growth strategy.
Alice Queen Ltd (ASX:AQX), led by managing director Andrew Buxton, is making significant strides in its projects, notably the Viani project in Fiji and the Horn Island resource in Queensland. During a recent conversation with Proactive's Tylah Tully, Buxton shed light on the company's latest developments and its future growth potential.
At the Viani project in Fiji, Alice Queen has completed drilling activities with early-stage core samples already sent to Australia for analysis. These samples, which are being assessed with urgency, could signal promising signs for the project. Alice Queen is targeting historically high-grade gold intercepts at Viani, and Buxton expects the initial results to be available in the upcoming weeks.
Fiji remains a strong focus for Alice Queen, with Buxton pointing to the country’s reliable legal framework and favorable jurisdiction for mining operations. Although infrastructure challenges persist, the country’s stable legal environment provides a solid foundation for the company’s exploration activities.
Turning to the Horn Island project in Queensland, Alice Queen continues refining its 500,000-ounce resource. External consultants are working closely with the team to optimize the project’s grade while minimizing waste. Buxton also emphasized that with gold prices remaining strong, Horn Island remains a key long-term asset. He highlighted the potential for development over the next few years, positioning the project as an important part of the company’s future.
In addition to its project advancements, Alice Queen has forged a partnership with Gage Capital, a Beijing-based private equity firm holding a 51% stake in the company. Despite some early concerns from investors, Buxton reassured stakeholders that Gage is a supportive, hands-off partner with significant experience in the mining sector. This partnership is expected to further strengthen Alice Queen’s position in the industry.
With gold prices at record highs, Alice Queen Ltd is well-positioned to continue its growth trajectory. The company’s ongoing exploration work at Viani and Horn Island, coupled with its strong partnership with Gage Capital, places Alice Queen in a favorable position for future success in the mining sector.
