Mining license
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AN Australian mining company, Alice Queen has applied for a mining license in Sabeto.
The company announced this through the Australian Stock Exchange.
Alice Queen (AQX) has registered its 100 per cent-owned company, Alice Exploration Pte Ltd in Fiji.
“We have always viewed Fiji as one of the world’s great gold addresses and this recent news from our next-door neighbour Lion One Metals, reinforces our decision to pursue exploration opportunities in this underexplored jurisdiction,” Alice Queen’s managing director Andrew Buxton said.
Alice Queens wants to mine in an area which sits between the
Tuvatu Alkaline Deposit and the Vuda Prospect.
“Importantly for Alice Queen, Sabeto is on a major regional geophysical anomaly similar to Tuvatu, while Lion One’s success has encouraged AQX to upgrade the Sabeto prospect as it looks for similar results,” said the company.
The Sabeto Prospect was previously held by Emperor Gold Mines and Geopacific Resources Ltd and is just 6.5 kilometres from Tuvatu Lion One.
“Once the licence is granted Alice Queen is looking at carrying out a two-phase approach. Phase one would include an extensive geological mapping program and reprocessing historical geophysical data.
Alice Queen has also finalised the acquisition of two Special Prospecting Licences from its local partner Viti Mining. “The transfer has been endorsed by the Mineral Resources Department.”