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1 ASX RELEASE DATE 21 AUGUST 2018 TECHNICAL PRESENTATION Alice Queen Limited (the Company) advises that a recording of an investor webinar held today at 1pm (AEST) regarding the attached Technical Presentation has been made available on the Company s website. The recording can be accessed at: For further information, please contact: Andrew Buxton Managing Director Alice Queen Limited T:

2 TECHNICAL PRESENTATION AUGUST 2018

3 DISCLAIMER FORWARD LOOKING STATEMENTS 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 obligation to furnish the person with further information. ASX LISTING RULES COMPLIANCE In accordance with Listing Rule , 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. COMPETENT PERSON STATEMENT The information in this announcement that relates to exploration results was compiled by Mr John Holliday, who is a member of the Australian Institute of Geoscientists. Mr Holliday is a part-time employee of Alice Queen Limited and has sufficient experience relevant to the style of mineralisation and type of deposit 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 Holliday consents to the inclusion of this information in the form and context in which it appears in this report.. ALICE QUEEN LIMITED HORN ISLAND TECHNICAL PRESENTATION AUGUST

4 CORPORATE OVERVIEW SHARE PRICE HISTORY Share Price ($) $0.08 $0.07 $0.06 Volume (m) CAPITAL STRUCTURE Ordinary Shares on Issue 457M Market Cap (at A$0.03) $13.7M Top % Directors & Management Holding 28.4% $0.05 $0.04 $0.03 $0.02 $0.01 $ Feb May Aug Nov Feb May Aug-18 ALICE QUEEN BOARD Phil Harman Non-Executive Chairman Chairman of Stellar Resources, former MD of Gravity Diamonds Andrew T. Buxton Managing Director Previously founding Managing Director of Kidman Resources Ltd MAJOR SHAREHOLDERS 59.1% 14.9% 9.7% 7.5% 4.3% 4.6% Andrew Buxton Morris Family A/C Mark Kerr Monzonite Investments Maplefern Other Mark Kerr Non-Executive Director Director Contango Income Generator, Chairman Hawthorn Resources ALICE QUEEN LIMITED INVESTOR PRESENTATION MARCH

5 ASSET OVERVIEW TWO UNIQUE PROJECTS HORN ISLAND, TORRES STRAIT QLD Intrusion Related Gold System (IRGS) within a 40km mineralised corridor Horn Island pit prospect Inferred Resource of 1.9 g/t for 492,000oz (see ASX release 02/08/2018) Dilation zone only partly exploited Additional upside from future extension drill programs Exploration upside at Southern Silicified Ridge (SSR) New gold system confirmed by maiden drill program Interval of g/t au from 70 metres MENDOORAN - NSW Looking for the next Cadia (+50Moz Au deposit) Cu/Au porphyry targets, NSW Molong Volcanic Belt Multiple targets identified currently drilling Newcrest spending $10M to earn up to 80% ALICE QUEEN LIMITED INVESTOR PRESENTATION MARCH

6 TORRES STRAIT HORN ISLAND PROJECT Two tenements covering approximately 300km 2 Horn Island is the flagship project Horn Island hosted an historic gold mine Mineral field is approximately 20km 2 Kaiwalagal comprises the other islands of the Kaurareg archipelago (Greenfields) ALICE QUEEN LIMITED HORN ISLAND TECHNICAL PRESENTATION AUGUST

7 HORN ISLAND (NGURAPAI) HORN ISLAND IS WELL SERVICED AND HAS EXCELLENT INFRASTRUCTURE ALICE QUEEN LIMITED HORN ISLAND TECHNICAL PRESENTATION AUGUST

8 TORRES STRAIT STRONG RELATIONSHIPS WITH TRADITIONAL OWNERS Kaurareg Aboriginal Land Trust (KALT) Holds land in trust for members Three board positions on the project company, Kauraru Gold Pty Ltd 7.5% equity partner Kaurareg Native Title Aboriginal Corporation (KNTAC) Responsible for native title and cultural heritage Exploration Agreement covering site clearances, monitoring and cultural heritage ALICE QUEEN LIMITED INVESTOR PRESENTATION MARCH

9 HORN ISLAND OLD MINE AREA ALICE QUEEN LIMITED HORN ISLAND TECHNICAL PRESENTATION AUGUST

10 HORN ISLAND RESOURCE DRILLING: GOLD ALICE QUEEN LIMITED HORN ISLAND TECHNICAL PRESENTATION AUGUST

11 HORN ISLAND OLD MINE GEOLOGY Hand specimen showing tensional shattering of the brittle intrusive rocks with jigsaw fit breccia clasts cemented in place by the silica and sulphide rich fluid that fills the space caused by the dilation ALICE QUEEN LIMITED HORN ISLAND TECHNICAL PRESENTATION AUGUST

12 HORN ISLAND: TENSION VEINS IN ROTATION-RESISTANT GRANITE BLOCKS BETWEEN SHEARS Structural Framework Schematic Section for the Horn Island Deposit (source: B McCormack 2018 Structural Study PowerPoint presentation) ALICE QUEEN LIMITED HORN ISLAND TECHNICAL PRESENTATION AUGUST

13 HORN ISLAND RESOURCE DRILLING: GRANITE FRACTIONATION PATTERNS INDICATIVE OF AN INTRUSION-RELATED GOLD (IRG) SYSTEM Colours indicate different granite phases and progressive fractionation of magma during cooling ALICE QUEEN INVESTOR AND EXPLORATION UPDATE MARCH

14 HORN ISLAND RESOURCE DRILLING: METAL PATTERNS ARE INDICATIVE OF AN INTRUSION-RELATED GOLD SYSTEM ALICE QUEEN INVESTOR AND EXPLORATION UPDATE MARCH

15 NORTH QUEENSLAND INTRUSION-RELATED GOLD Horn Island 0.5moz Red Dome 1.3moz Kidston 3.4moz Ravenswood 3.1moz Mt Leyshon 2.5moz Horn Island is of the same Carboniferous-Permian Age and same Metallogenic Type as other major North Queensland Gold Deposits But unlike the others it is very under-explored ALICE QUEEN LIMITED HORN ISLAND TECHNICAL PRESENTATION AUGUST

16 HORN ISLAND RESOURCE DRILLING: GEOCHEMISTRY INDICATES THE MOST FRACTIONATED GRANITE PHASES HAVE NOT YET BEEN INTERSECTED Fractionation position of other Queensland IRG Deposits Horn Island is not quite there YET! MORE EXPLORATION IS NEEDED ALICE QUEEN LIMITED HORN ISLAND TECHNICAL PRESENTATION AUGUST

17 HORN ISLAND EXPLORATION: LOOK FOR GEOCHEMICAL ZONATIONS INDICATIVE OF A GRANITE CUPOLA POSITION ALICE QUEEN LIMITED HORN ISLAND TECHNICAL PRESENTATION AUGUST

18 HORN ISLAND SOLID GEOLOGY: 25KM SQ ALTERATION ZONE LARGE SCALE POTENTIAL Old Pit Southern Silicified Ridge ALICE QUEEN LIMITED HORN ISLAND TECHNICAL PRESENTATION AUGUST

19 HORN ISLAND: GOLD ROCK CHIP GEOCHEMISTRY Resource drilling at old pit Southern Silicified Ridge ALICE QUEEN LIMITED HORN ISLAND TECHNICAL PRESENTATION AUGUST

20 HORN ISLAND: ARSENIC ROCK CHIP GEOCHEMISTRY Resource drilling at old pit Southern Silicified Ridge Undrilled arsenic anomaly: may indicate gold deeper ALICE QUEEN LIMITED HORN ISLAND TECHNICAL PRESENTATION AUGUST

21 HORN ISLAND: ANTIMONY ROCK CHIP GEOCHEMISTRY Undrilled antimony anomalies: may indicate gold deeper ALICE QUEEN LIMITED HORN ISLAND TECHNICAL PRESENTATION AUGUST

22 HORN ISLAND IRGS CONCEPTUAL MODEL ALICE QUEEN LIMITED HORN ISLAND TECHNICAL PRESENTATION AUGUST

23 HORN ISLAND: EXPLORATION PATHWAY Extensive soil geochemistry to define metal zonation patterns ALICE QUEEN INVESTOR AND EXPLORATION UPDATE MARCH

24 HORN ISLAND: EXPLORATION PATHWAY Detailed airborne radiometrics and magnetics to define granites, fractionation patterns (Th) and structures Thorium (poor quality old data) over Lidar ALICE QUEEN INVESTOR AND EXPLORATION UPDATE MARCH

25 HORN ISLAND: EXPLORATION PATHWAY Induced Polarisation (IP) to locate sulphides Very old, shallow-penetrating IP indicates a strong response from near surface mineralisation ALICE QUEEN INVESTOR AND EXPLORATION UPDATE MARCH

26 HORN ISLAND: KEY POINTS o Previously unrecognised as a North Queensland Intrusion-Related Gold (IRG) Deposit o Extensive alteration of intrusive rocks ~25 sq km o Past exploration very limited and very shallow old mine and SSR only o IRG model gives strong impetus for exploration pathway o Geochemistry for metal zonation and granite fractionation cupola targets o Radiometrics for granite fractionation cupola targets o Magnetics for structure o IP for sulphides within target areas o Drilling ALICE QUEEN INVESTOR AND EXPLORATION UPDATE MARCH

27 NSW PROJECT; PORPHYRY COPPER-GOLD ALICE QUEEN LIMITED INVESTOR PRESENTATION MARCH

28 NSW PROJECT MENDOORAN Newcrest - Joint Venture Northern under-cover part of Molong Volcanic Belt 180km north from Newcrest s Cadia Valley (50Moz gold) Highly prospective belt along trend from Cadia Lack of historical exploration due to the presence of cover which masks the underlying geology Cover sequence estimated at <300m Extensive geophysical program and interpretation completed by Newcrest during porphyry Cu/Au targets identified for drill testing The best under-explored porphyry trend in Australia ALICE QUEEN LIMITED INVESTOR PRESENTATION MARCH

29 NSW PROJECTS MENDOORAN Newcrest - Joint Venture Geophysics completed Newcrest has completed 3 diamond core holes testing depth to basement and host rocks Basement <300m in two southern holes Basement confirmed as Macquarie Arc Volcanics (Molong Volcanic Belt) Next drilling targets the highest priority geophysical targets; awaiting government approvals Newcrest expected to commence drilling 4th Quarter 2018 ALICE QUEEN LIMITED INVESTOR PRESENTATION MARCH

30 For further information please contact Andrew Buxton, Managing Director Mobile: