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Iceni Gold Limited (ASX:ICL)

ALERT: Price-sensitive ASX Announcement for ICL
Current share price for ICL : $0.028 -0.034 (-54.84%)+
Announcement
Release
28 Oct 2025 8:23AM
Price at Release
$0.062
Full Release
download
Summary
Iceni Gold Limited's Quarterly Activities Report for the period ending 30 September 2025 outlines significant exploration activities at their 14 Mile Well Gold Project in Western Australia. The report highlights extensive drilling operations within the Guyer Farm-In area, part of a $35 million agreement with Gold Fields, revealing promising gold mineralization trends. The company reported cash reserves of $2.57 million and no debt at the quarter's end. Exploration efforts during the quarter included 59 RC holes at Guyer, 73 AC holes at Guyer West, and 351 AC holes at Everleigh Tatong. The report also covers financials with a net decrease in cash but highlights ongoing and future exploration plans, including the Guyer Trend and the Wild West anomaly.
Key Points
  • Iceni Gold Limited focused on the 14 Mile Well Gold Project in Western Australia.
  • Significant exploration activities included drilling at Guyer and Guyer West.
  • Company holds $2.57 million in cash reserves with no debt as of 30 September 2025.
  • The Guyer Farm-In Agreement with Gold Fields involves spending $35 million.
  • Exploration identified promising gold mineralization trends.
  • The company plans further exploration at the Guyer Trend and Wild West anomaly.
  • Cash flow report shows a net decrease in cash due to exploration and evaluation expenses.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.