Private Placement Offer utilising the company’s Listing Rule 7.1 capacity to raise up to $1,639,351 with the ability to take up oversubscriptions at $0.004. The offer comes with a 1:1 free attaching option under a new listed option class, AQXOA. The terms of the options; exercisable at $0.008, expiring 30th June 2028. The issuance of the options will be subject to shareholder approval at an upcoming general meeting. The company will list the options subject to meeting ASX listing rules. Approximately $672,134 will be settled in the first tranche, pursuant to the company’s placement capacity, the balance will be settled in a second tranche subject to a shareholder approval at an EGM to be convened.

Substantial shareholder Gage Resource Development Pty Ltd have provided their intention to subscribe for their pro rata amount of 51% under a second tranche ($967,217), subject to shareholder approval.

Alice Queen Limited (ASX: AQX) is an Australian gold exploration company focused on high-grade gold opportunities in Fiji and Australia. The Company is advancing projects across Fiji’s highly prospective volcanic arcs and Australia’s established mineral belts. Key assets include the Viani, Sabeto and Nabila Projects in Fiji, and projects across Queensland and New South Wales.

The Viani Project, 100%-owned by Alice Queen, covers over 200km2 on Vanua Levu, Fiji’s. The project hosts a significant low-sulphidation epithermal gold system at the Dakuniba Prospect, where surface trenching, soil sampling and historic drilling defined a >3km mineralised trend associated with Au-Ag-Sb-As-Pb-Zn soil anomalies.

The 2024–2025 drilling program has confirmed high-grade gold mineralisation including:

• 25VDD002: 4.14m @ 6.13g/t Au from 195.76m inc 0.58m @ 26.4g/t Au
• 24VDD001: 1.9m @ 8.52g/t Au from 144.2m inc 0.7m @ 17.6g/t Au

These intersections confirm the continuity of the system, replicating high-grade results reported historically by JICA (2.2m @ 11.3g/t Au). Importantly, geological interpretation suggests the drilling is still within the upper levels of the system, with deeper, higher-grade zones targeted by ongoing drilling (hole 25VDD003 assays pending hole 25VDD004 underway).

The surface gold anomalism remains largely untested along the >3km corridor, providing substantial scale for follow-up drilling. With strong early drilling results, Viani is emerging as one of Fiji’s most exciting new gold discoveries.

Located in the Sabeto Valley, the Sabeto Project sits within a 15km mineralised corridor between the Vuda Deposit and Lion One Metals’ Tuvatu Gold Mine. Hosted in the Nawainiu Intrusive Complex, the project is targeting porphyry-style copper-gold mineralisation. Historical drilling returned anomalous copper and gold intercepts coinciding with a deep resistivity high identified in ZTEM surveys, interpreted to indicate an underlying intrusive body.

A ~1,800m diamond drilling program is planned to test three high-priority diatreme and resistivity targets. Drilling at Sabeto is scheduled to commence following the completion of Viani’s current program, targeting potential copper-gold porphyry mineralisation at depth.

Horn Island (Queensland) hosts a JORC resource of 524,000 ounces of gold and remains open for expansion. In New South Wales, the Boda East and Mendooran projects target large-scale porphyry copper-gold systems adjacent to major discoveries such as Alkane’s Boda and Kaiser deposits.

• Continued exploration and diamond core drilling at Viani
• Review of existing project portfolio and new opportunities
• General Working Capital