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Iceni Gold Limited (ASX:ICL)

ALERT: Price-sensitive ASX Announcement for ICL
Current share price for ICL : $0.021 -0.008 (-27.59%)+
Announcement
Release
24 Apr 2026 4:17PM
Price at Release
$0.029
Full Release
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Summary
Iceni Gold Limited reported its quarterly activities and cash flow for the period ending March 31, 2026. The company achieved promising results from its reverse circulation drilling at Goose Well, revealing significant gold intercepts and plans for further evaluation of the Gander Fault. Iceni signed an agreement to acquire additional tenements near major gold deposits and successfully raised $1.75 million, bolstering its financial position to $1.6 million in cash reserves. The focus remains on the 14 Mile Well Gold Project and Welcome Creek, with plans to reduce exploration activities in the next quarter to maintain financial stability. Transactions included payments to directors and related parties for operational and administrative expenses.
Key Points
  • Iceni Gold Limited completed a successful RC drilling program at Goose Well with significant gold intercepts.
  • The company plans to evaluate the 'Gander Fault' with diamond drilling in May.
  • Iceni signed a conditional Heads of Agreement to acquire the Laverton South tenement package.
  • A capital raising of $1.75 million was completed, with support from major shareholders.
  • Cash reserves as of March 31, 2026, were $1.6 million.
  • Exploration focused on the 14 Mile Well Gold Project and Welcome Creek.
  • Significant exploration activity will be reduced in the June 2026 quarter.
  • Payments to related parties include directors’ fees and administrative costs.
  • Exploration and evaluation spending was the largest cash outflow for the quarter.
  • The company expects to continue operations by managing exploration costs.
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.