Explorer Alice Queen reports visible gold in intercepts from its ongoing exploration drilling campaign at
the Southern Silicified Ridge (SSR) on Horn Island in the Torres Strait.

“These visible observations from our exploration team, led by our Queensland exploration manager Adrian Hell, are highly encouraging,” managing director Andrew Buxton said.

“Whilst we know visible gold in the drill core may not always translate into high gold grades, we
are very encouraged to be seeing it.”

Drilling has intercepted sulphide mineralisation within thin stringer stockwork veins, banded
veining, and breccia fill structures.

Two diamond core drill holes for about 700m have been completed, with a third diamond core hole
of about 400m underway at the first target area (Jedha 1).

“The current holes described in this announcement are close enough to the previous drilling at the SSR, that have yielded some great intercepts, and far enough away from our existing 500koz au resource to make us believe that we have significant highly prospective strike extent still to test, and that our next hurdle of achieving one million ounces in resources is well within our reach,” Mr Buxton said.