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Iceni Gold Limited (ASX:ICL)

ALERT: Price-sensitive ASX Announcement for ICL
Current share price for ICL : $0.017 -0.004 (-19.05%)+
Announcement
Release
4 Aug 2026 9:06AM
Price at Release
$0.021
Full Release
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Summary
Iceni Gold Limited announced a successful capital raising of $700,000 to support ongoing exploration at its 14 Mile Well Gold Project, located in Western Australia's Laverton Greenstone Belt. This initiative is supported by major shareholders and strategic investor Gold Fields Limited, which has increased its stake in the company to around 9.5%. The raised funds will be allocated to various drilling programs across several high-priority target areas within the project, including Goose Well and Guyer West. Additionally, the company seeks to identify new complementary exploration opportunities. With these efforts, Iceni aims to enhance its position as a significant landholder in the highly prospective Leonora-Laverton district.
Key Points
  • Iceni Gold Limited has successfully raised $700,000 to fund exploration at the 14 Mile Well Gold Project in Western Australia.
  • The funding was supported by existing top shareholders and strategic investor Gold Fields Limited, increasing its shareholding to approximately 9.5%.
  • 32,250,000 fully paid ordinary shares will be issued at $0.02 per share, with one attaching option for every two shares.
  • Funds will be used for reverse circulation drilling programs at Goose Well, infill and extensional drilling at Guyer West, and maiden drill programs at Never Can Tell, Pennyweight East, and Redcastle Extension.
  • Iceni is assessing new exploration project opportunities to complement existing projects.
  • The company is one of the largest landholders in the Leonora-Laverton district and is focusing on high-priority target areas.
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.