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Iceni Gold Limited (ASX:ICL)

ALERT: Price-sensitive ASX Announcement for ICL
Current share price for ICL : $0.028 0.004 (16.67%)+
Announcement
Release
30 Jun 2026 9:10AM
Price at Release
$0.024
Full Release
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Summary
Iceni Gold Limited has entered into an Option and Joint Venture Agreement with Gold Fields, allowing Gold Fields to earn up to a 70% interest in the Everleigh Project. This agreement involves up to $10 million in expenditures by Gold Fields. Initially, Gold Fields must spend $5 million within three years to earn a 51% stake and can then acquire an additional 19% by spending another $5 million within five years. Iceni Gold will retain 100% ownership of other parts of the 14 Mile Well Gold Project and will manage the exploration during the earn-in phase. The partnership focuses on the Everleigh-Tatong area, with exploration set to begin in July 2026. This collaboration aims to advance exploration efforts and potentially uncover new gold systems.
Key Points
  • Iceni Gold signs a joint venture agreement with Gold Fields.
  • Gold Fields can earn up to a 70% interest in the Everleigh Project.
  • Initial $5 million spend required for a 51% interest.
  • An additional 19% interest requires another $5 million spend.
  • Iceni retains full ownership of other parts of the 14 Mile Well Project.
  • Exploration to begin in July 2026.
  • Focus on Everleigh-Tatong as a high-priority target.
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.