For personal use only INVESTOR PRESENTATION MARC RCH 2 201 018 - - PowerPoint PPT Presentation

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For personal use only INVESTOR PRESENTATION MARC RCH 2 201 018 DISCLAIMER For personal use only FOR ORWARD L LOOK OOKING NG S STATEMENT NTS This presentation may contain certain forward-looking statements that have been based on

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SLIDE 1

INVESTOR PRESENTATION

MARC RCH 2 201 018

For personal use only

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SLIDE 2

DISCLAIMER

FOR ORWARD L LOOK OOKING NG S STATEMENT NTS

This presentation may contain certain forward-looking statements that have been based on current expectations about future acts, events and circumstances. These forward-looking statements are, however, subject to risks, uncertainties and assumptions that could cause those acts, events and circumstances to differ materially from the expectations described in such forward-looking statements. These factors include, among other things, commercial and other risks associated with estimation of reserves, the meeting of objectives and other investment considerations, as well as other matters not yet known to the Company or not currently considered material by the

  • Company. Alice Queen Limited accepts no responsibility to update any person regarding any error or omission or

change in the information in this presentation or any other information made available to a person or any

  • bligation to furnish the person with further information.

ASX LISTING NG RULES C COM OMPLIANC NCE

In accordance with Listing Rule 5.23.2, the Company confirms in this subsequent public report that it is not aware of any new information or data that materially affects the information included in any previous market announcements and, in the case of estimates of mineral resources or ore reserves, that all material assumptions and technical parameters underpinning the estimates in any previous market announcements continue to apply and have not materially changed.

COMPETEN ETENT PERSON S ON STATEMENT NT

The information in this announcement that relates to exploration results is based on information compiled by Mr Adrian Hell BSc (Hons), who is a member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Hell is and employee of Alice Queen Ltd and has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and the activity being undertaken to qualify as a Competent Person as defined in the 2012 edition of the “Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves”. Mr Hell consents to the inclusion of this information in the form and context in which it appears in this report. .

ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 2

For personal use only

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SLIDE 3

CORPORATE OVERVIEW

Ordinary y Shares es on Is Issue e (50

50M n new ew sh shares to b s to be issu ssued on

  • n or
  • r arou
  • und 5

5 April 201 2018)

40 407M Market ket Ca Cap (at A A$0.05) 5) $20 20.3 .35M To Top 2 20 56. 6.9% Direc ectors & M Managem emen ent Holding 28 28.4 .4%

AL ALICE QU QUEEN B BOAR ARD

Ph Phil H Harma man Non-Executive Chairman Chairman of Stellar Resources, former MD

  • f Gravity Diamonds

Andrew T w T. B Buxton Managing Director Previously founding Managing Director

  • f Kidman

Resources Ltd Mark Ker k Kerr Non-Executive Director Director Contango Income Generator, Chairman Hawthorn Resources

ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 3

MA MAJO JOR SH SHAR AREHOL OLDERS

Share re P Pri rice ( ($) $)

CAP APITAL AL ST STRUCTURE

14. 4.9% 9.7 .7% 7.5% 5% 4. 4.6% 4. 4.3% 59 59.1% Andrew Buxton Morris Family A/C Mark Kerr Monzonite Investments Maplefern Other 0.0m 1.0m 2.0m 3.0m 4.0m 5.0m 6.0m 7.0m 8.0m $0.00 $0.01 $0.02 $0.03 $0.04 $0.05 $0.06 $0.07 $0.08 Jan-17 Mar-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18 Mar-18

Volume me ( (m) m)

SH SHAR ARE P PRICE H HIST STOR ORY

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SLIDE 4

ASSET OVERVIEW – TWO UNIQUE PROJECTS

ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 4

 Int ntrus usion Rela elated ed Gold ld Sy System (IRGS) S) within a 40 40km km miner eralis lised ed corri rridor  Horn Isla land min iner eral f l field ield ( (15k 5km2)  Horn I Isl slan and pi d pit pr prospe spect

Maiden (JORC) Inferred Resource of 5.8Mt @ 2.01 g/t for 375,000oz (see

ee ASX r rel elea ease e 05/0 5/09/2 /2017) 

Phase Two resource drilling underway

Resource upgrade expected May/June 2018

Additional upside from future extension drill programs  Ex Explor

  • ration
  • n upsi

pside de at at Sout uthe hern Silicified Ridge dge (SSR SSR)

New gold system confirmed by maiden drill program

Interval of 11 metres @ 2.9g/t au from 70 metres is consistent with surface expression

(se see ASX ASX rel elea ease 21 21/03 03/201 018)

MENDOOR OORAN AN - NSW SW

 Looki

  • oking fo

for th the nex ext Cadi adia (+ (+50 50Moz

  • z Au

Au de depo posi sit)  Cu/A /Au po porph phyry targe gets, s, NSW SW Mol

  • lon
  • ng Vo

Volcanic Belt elt  Mult ltip iple le targe gets identified – cur urrent ntly dri rilling  Newcre rest spe spendi ding $10 10M to to earn up up to to 80 80%

HOR ORN ISL SLAN AND, T TOR ORRES S ST STRAI AIT – QL QLD

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SLIDE 5

TORRES STRAIT

ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 5

HOR ORN I ISL SLAN AND PROJ OJECT

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SLIDE 6

TORRES STRAIT

ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 6

 Kau aurar areg A g Abo borigi ginal al Lan and d Trust st (KALT)

Holds land in trust for members

Three board positions on the project company, Kauraru Gold Pty Ltd

7.5% equity partner  Kau aurar areg g Nat ative Title Abo borigi ginal al C Corpo porat ation ( (KNTAC)

Responsible for native title and cultural heritage

Exploration Agreement covering site clearances, monitoring and cultural heritage

ST STRON ONG R G RELATION ONSH SHIPS W S WITH TRAD ADITION ONAL AL OWNERS

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SLIDE 7

TORRES STRAIT

ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 7

 Two tene nement nts c covering ng appr approximat ately 3 300km2  Horn Isl slan and d mineral al field i d is s appr approximat ately 1 15km2

2

 Horn I Isl slan and d was a as a hist storic go gold m d mine  Previousl sly unde der a a governm nment nt m moratorium um for 25 y 5 yea ears  Multipl ple pr prospe spects  Curren ently ly drillin illing t to increase i initial ( (JORC C 2012) 375 375,000o 000oz g gold resource

(see A ee ASX rel elea ease 0 e 05/0 5/09/2 /2017)

HOR ORN I ISL SLAN AND PROJ OJECT

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SLIDE 8

TORRES STRAIT

ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 8

Gold Zone Corridor 40km

LAR ARGE GE M MINERAL ALISE SED CORRI RRIDOR

 IRGS GS ( (Int ntrus usion n Rela elated ed G Gold ld s system em) at at H Horn Isl slan and w d with multipl ple pr prospe spects  Corrido dor i is at s at least ast 40km km l lon

  • ng

 Gol

  • ld fou
  • und on
  • n:

Mainland

Possession Island

Horn Island

Goodes Island

Hammond Island

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SLIDE 9

TORRES STRAIT

ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 9

HOR ORN ISL SLAN AND IS SE S SERVICED B BY EXCELLENT I INFR FRAST ASTRUCTURE

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SLIDE 10

TORRES STRAIT

ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 10

RESOU SOURCE D DRILLING G AT PIT P PROSP OSPECT IS S ON ONGOI GOING

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SLIDE 11

TORRES STRAIT

ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 11

 Maid iden en M Min iner eral l Res esource e of 375k o

  • z (

(red sh d shadi ading) (see

ee ASX r rel elea ease e 05/0 5/09/2 /2017)

 Res esource d e drillin illing u under erway (gr green sh shadi ading)  Reso source u upgr pgrade ade e expe pected d May/June 2 2018 018  Res esource e drillin illing t to contin inue ( e (yello ellow and blu lue e sh shadi ading)

PHASE ASE 2 2 R RESOU SOURCE D DRILLING G (Gr

Green een S Shading)

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SLIDE 12

TORRES STRAIT

ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 12

AD ADDITION ONAL AL T TAR ARGE GETS S – HORN IS ISLAND PIT PIT PR PROSPE PECT

MULTI TIPLE T TARG RGETS TS OU OUTSID IDE E OF OF IM IMMED EDIA IATE E PIT IT A AREA EA  Withi hin t n the he 15km2

2

miner eral l field ield  Ope pen al along g a a +5 +500 metr tre n north thwest s t str trike

* See A ee ASX r rel elea eases es; 18/01/ 1/2017 05 05/09 09/201 017

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SLIDE 13

TORRES STRAIT

ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 13

AD ADDITION ONAL AL T TAR ARGE GETS S – SOU SOUTHERN SI SILICIFI FIED RIDGE GE (SSR SSR)

MULTI TIPLE T TARG RGETS TS OUTSI TSIDE OF OF IM IMMED EDIA IATE E PIT IT A AREA EA  3k 3km strike e ext xtent  Mult ltip iple V le Vein ein Zones es expr presse ssed at d at su surface  Multipl ple high gh gr grade ade rock chips ps  650 su surfac ace sam sampl ples w s with go gold d resu sults u s up p to 250 g/t g/t Au Au  14 4 chan annel sam sampl ples s an and ge d geologi gical al mappi apping c g compl pleted d

* See A ee ASX r rel elea eases es; 18/01/ 1/2017 05 05/09 09/201 017

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SLIDE 14

TORRES STRAIT

ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 14

 New go gold d syst stem c confirmed d by m mai aide den dr drill pr progr gram am test sting t g the N North West stern z zone  9 9 ho holes for 1449 9 metres  Mul ultiple vein z n zone nes, c , cont ntinui nuity to d depth h conf nfirmed  Mai aide den dr drill interval al 1 11 metres @ s @ 2.9g/t g/t A Au fro rom 70 m metre res  Resu sults s are c consi sist stent with su surface m mappi apping g an and d sam sampl pling pr g progr gram ams c s compl pleted d in 2016

SOU SOUTHERN SI SILICIFI FIED RIDGE GE (SSR SSR)

High grade (17.45g/t Au) surface chip gold correlates with high grade gold in drill hole 11m @ 2.9g/t Au from 70m inc 3m @ 9.41g/t Au

* See A ee ASX r rel elea eases es; 18/01/ 1/2017 21/0 /03/2 /2018

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SLIDE 15

WASTE ROCK STOCK PILES

ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 15

Waste H e Hea eap Stockp kpile A e Area ea 2,382 382,660 60m3 No Nort rth T Tra rack 5,500m 00m3 North B Bund W Wall 51 51,750 50m3 Proc

  • cess Wat

Water D Dam am Wal Wall 19, 9,67 675m3 Lo Low G Grade e Stockp kpile A e Area ea 888, 888,200m3 Wes est Bu Bund W Wall 38,225 225m3

Site ite Ap Approxim imate te Volume (m e (m3) Tot

  • tal

l Samples es Gold G Grades es Resu esults s >5g 5g/t Au West West B Bund Wa Wall 38,225 6 10.72 North B h Bund und W Wall 51,750 5 9.57 Nort rth T Tra rack 5,500 4 13.85 Low Grade St Stock k Pi Pile 888,200 18 79.1, 36.9, 26.2, 21.5, 9.65, 9.26, 8.61, 8.15, & 6.18 Mi Mine Wa e Wast ste H e Hea eap 2,382,660 19 30.3, 27.4, 18.8, 9.85, 9.77, 8.35, 7.1, & 5.56 Pr Process Wa ess Water er D Dam Wa Wall 19,675 28 78.2, 67.5, 36.4, 19.95, 11.45, 11.4 10.6, 8.5, & 5.8

 Gold be d bear aring r g rock ide dentified d across ss numerous w s wast aste rock si sites  Signi nificant nt f free kick f for a f fut utur ure po potential al m mining o g ope perat ation

* See A ee ASX r rel elea ease e 15/1 5/11/2 /2017

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SLIDE 16

NSW PROJECT

ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 16

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SLIDE 17

NSW PROJECT

ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 17

MENDOOR OORAN AN

Newcre rest - Jo Joint Vent ntur ure  Northe hern und n under-cover p part o

  • f M

Mol

  • lon
  • ng Vol
  • lcanic

c Be Belt  180km north f from Newcrest st’s s Cadi adia a Val alley (50Moz gold) d)  High ghly pr prospe spective be belt al along g trend f d from Cadi adia  Lac ack of h hist storical al expl plorat ation du due to the pr prese sence

  • f cover w

which mask asks t s the unde derlying g ge geology gy  Cover se sequ quence e est stimat ated d at at <3 <300m  Extensi sive ge geoph physi sical al pr progr gram am an and i d interpr pretat ation now c complet leted ed by N y Newcrest dur uring ng 2017 017  15 15 po porph phyry C Cu/Au targe gets identified for d drill ill te testing  Drilling ng no now und underway of an i n ini nitial 6 6 ho hole p program

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SLIDE 18

NSW PROJECTS

ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 18

MENDOOR OORAN AN

Newcre rest - Jo Joint Vent ntur ure  Geo eophysic ics c complet leted ed  Newcrest st h has c as compl pleted d 3 di diam amond d core holes s test sting de g depth t to base basement an and d host st rocks  Sedimentary cover estimate <300m  Basement - Macquarie Arc Volcanics (Molong Volcanic Belt)  Next dr drilling g tar arge gets s the high ghest st pr priority ge geoph physi sical al t tar arge gets  Newcres est expec ected ed to commen ence e drillin illing 2nd

nd

Quarter 2 2018 018

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SLIDE 19

0.0 0.5 1.0 1.5 2.0 2.5

  • 20

40 60 80 100 120 140 160 GOR WAF EAR EXU GCY AQX KIN CMM CAI EV/Resource ($/oz)

  • Avg. EV/Resource ($/oz)

Au Eqv. Grade (g/t Au)

MARKET COMPARABLES

ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 19

Source: IRESS, Company Announcements

EV/Resource ($ ($/oz

  • z)

) Grade ( de (g/t /t)

Alice Q e Queen een Under ervalued ed Based ed o

  • n Market

et M Met etrics

Aver erage E e EV/Reso esource e - $69/ 69/oz

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SLIDE 20

STRONG POSITION

ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 20

HOR ORN ISL SLAN AND UNDERPINS V S VAL ALUE

 Infer erred ed Resourc rce of

  • f 375

375,000 000oz

  • zs at

at th the Ho Horn Isl slan and Pi Pit pr prospe spect (se

see ASX ASX rel elea ease 05 05/09 09/201 017)

 Resourc rce dri rilling und underway with th Resourc rce upgr pgrade ade expec ected ed May/June une 2018 018  Ne New go gold system conf nfirmed at at th the Sout uthe hern Silicified Ridge dge (SSR SSR) (se

see ASX ASX rel elea ease 21 21/03 03/201 018)

MENDOOR OORAN AN TO P O PROVIDE L LAR ARGE GE U UPSI SIDE P POTENTIAL AL

 Jo Joint Vent ntur ure with th Aust stral alia' a's lar arge gest st go gold pr produ ducer, Newcre rest  Newcre rest to to spe spend $10 10M to to earn 80 80%  Looki

  • oking fo

for th the “nex ext Cadi adia”  Dri Drilling of

  • f high

gh pri riorit rity ge geoph physi sical al targe gets to to commenc nce in Q2 2018 018

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SLIDE 21

UPCOMING NEWSFLOW

ALICE QUEEN LIMITED | INVESTOR PRESENTATION MARCH 2018 21

  • Results from drilling at Southern Silicified Ridge
  • n Horn Island

March 2018

  • Resource Upgrade – Horn Island pit
  • Resource drilling to continue – Horn Island pit

May/June 2018

  • Newcrest to drill high priority targets at

Mendooran

May/June 2018

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SLIDE 22

For further information please contact Andrew Buxton, Managing Director Mobile: + 61 403 461 247 Email: andrew.buxton@alicequeen.com.au

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