InvestSMART

Iceni Gold Limited (ASX:ICL)

ALERT: Price-sensitive ASX Announcement for ICL
Current share price for ICL : $0.028 -0.012 (-30%)+
Announcement
Release
26 Mar 2026 9:31AM
Price at Release
$0.040
Full Release
download
Summary
Iceni Gold Limited announced an upsizing of its placement, increasing the funds raised to a total of $1,757,675 before costs. This follows additional commitments of $210,175 from a large shareholder. The placement involves the issuance of fully paid ordinary shares at $0.03 per share, with attaching options. The funds will support ongoing exploration at the 14 Mile Well Gold Project, focusing on areas such as Everleigh-Tatong and Goose Well, with a reverse circulation drilling program already underway. The company plans significant exploration activities across multiple prospect areas over the next six months.
Key Points
  • Iceni Gold Limited upsized its placement to $1,757,675.
  • Additional $210,175 commitment from a large shareholder.
  • Shares issued at $0.03 each with options.
  • Funds to support exploration at 14 Mile Well Gold Project.
  • Focus on Everleigh-Tatong and Goose Well prospects.
  • Reverse circulation drilling program underway.
  • Planned significant exploration activities over the next six months.
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.