AQI.ASX: First Assays Extend Known Mineralisation

First Assays Extend Known Mineralisation

Stock	Alicanto Minerals Ltd (AQI.ASX)
Release Time	18 May 2026, 8:30 a.m.
Price Sensitive	Yes

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Alicanto Minerals Reports Extended Mineralisation at Mt Henry

Key Points

Assays extend known mineralisation at Mt Henry and Selene deposits
Recent drilling hits gold beyond existing Resource areas
Results align with Alicanto's modelling, indicating potential for Resource growth

Full Summary

Alicanto Minerals Limited (ASX: AQI) has announced promising results from its first drilling program at the Mt Henry Gold Project in Western Australia. The drilling has successfully intersected thick sulphide-bearing BIF mineralisation outside the current Resource footprint, extending known mineralisation at both the Mt Henry and Selene deposits. The intersections returned grades above the current Resource grade, further highlighting the scope for Resource growth at both deposits. The company's planned ~50,000m drilling campaign is now underway, with assays pending for a further nine holes. Alicanto expects drilling activity and news flow to increase significantly as the Company continues to test for Resource growth along strike and at depth across the broader 16km mineralised corridor. Alicanto now intends to deliver a comprehensive Mineral Resource update by the end of December 2026.

Guidance

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Outlook

Alicanto Minerals expects to see increased drilling activity and news flow as it continues to test for resource growth at Mt Henry and Selene.