Drill Rig Mobilised to Fiji to Test Sabeto Copper Gold Project - Amended

Alice Queen Limited (ASX:AQX) (Alice Queen or the Company), is pleased to announce that a drill rig has been mobilised to Fiji to test its conceptual porphyry ‘Cu-Au subvolcanic breccia pipe’ target at its 100% owned Sabeto Project (SPL1518), located on Viti Levu in Fiji (see Figure 1).

Amendments to the previous announcement are set out below:

• Updated the announcement date to 13 September 2024;
• Updated Figure 1 illustration, Tuvatu label and added a reference for the neighbouring company’s labels;
• Updated Figure 9 illustration, neighbouring companies labels and added references for the labels; and
• Updated Competent Persons Statement to include the word “exploration” prior to the word “results”.

Alice Queen Limited (ASX:AQX) (“Alice Queen” or the “Company”), is pleased to announce that a drill rig has been mobilised to Fiji to test its conceptual porphyry ‘Cu-Au subvolcanic breccia pipe’ target at its 100% owned Sabeto Project (SPL1518), located on Viti Levu in Fiji (see Figure 1).

Highlights

• The Sabeto project is located on the highly prospective Sabeto range, that hosts the Vuda gold copper project to its west and the Lion One Metals (TSX-V:LIO), operating “Tuvatu” gold mine to its east.
• Further evaluation and interpretation of drill core geology, assays and a review of historical data has indicated sites for proposed drill testing of a sub volcanic copper gold breccia target at Sabeto.
• Previous drillholes SBDD0001, SBD0003 and SBD0004 all intersected anomalous porphyry copper and gold mineralisation associated with sanidine feldspar porphyry (SFP) and hydrothermal diatreme crackle breccia. This mineralisation is open to the west where it is untested.
• The copper gold mineralisation intersected in previous drilling is coincident with a relatively deep ‘bullseye resistivity high’ airborne ZTEM anomaly, which is interpreted to indicate an intrusive complex
• Three diamond core holes for up to 1,800m are proposed to test the conceptual porphyry ‘Cu- Au subvolcanic breccia pipe’ target.

Alice Queen’s Managing Director, Andrew Buxton said,

This is exciting news for Alice Queen. With Gage Capital’s recent investments, the company is fully funded to execute its exploration strategy across the Company’s projects. With initial focus on Fiji, and drilling due to commence there in October, both the Sabeto and Viani projects will be drill tested in coming months. This paves the way for strong news flow throughout the back end of this calendar year and well into 2025. It is our intention to make Alice Queen a significant player in the Asia Pacific gold space.

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