Iceni Gold Limited (ASX:ICL) Managing Director Wade Johnson presented the company's AGM presentation on 10 November 2026, outlining progress across its 14 Mile Well Gold Project in Western Australia, including a second farm-in agreement with Gold Fields covering up to $10 million in exploration expenditure at the Everleigh target, with Stage 1 RC drilling now underway.

Key Points

  • A second strategic farm-in with Gold Fields provides for up to $10 million in exploration expenditure at Everleigh, including $1.5 million in upfront funding to accelerate Stage 1 RC drilling, which is now underway.
  • The 14 Mile Well Gold Project comprises an approximately 424km² contiguous and wholly owned land package in the Eastern Goldfields, Yilgarn Craton, Western Australia.
  • More than 40% of the 14 Mile Well Gold Project landholding is covered by joint venture funding arrangements with Gold Fields, including the active $35 million Guyer Exploration and Farm-In Agreement.
  • The Guyer West gold anomaly has been expanded to 1.6km of strike, with further exploration potential identified within the broader Guyer West–Wild West gold corridor.
  • The Welcome Creek Copper-Gold Project covers approximately 404km² of wholly owned tenure in the Paterson Orogen, with a maiden deep hole exceeding 1,000 metres returning elevated copper.

Everleigh Target and Gold Fields Farm-In Agreement

According to the filing, Iceni Gold secured a second strategic farm-in agreement with Gold Fields covering the Everleigh target, providing for up to $10 million in exploration expenditure. The arrangement includes $1.5 million in upfront funding to accelerate Stage 1 RC drilling, which the company disclosed is now underway. The company also maintains its existing partnership with Gold Fields through the active $35 million Guyer Exploration and Farm-In Agreement. The filing states that more than 40% of the 14 Mile Well Gold Project landholding is covered by joint venture funding arrangements with Gold Fields.

Goose Well Drilling and Guyer West Exploration Progress

The filing states that Iceni Gold advanced exploration at Goose Well through RC and diamond drilling, intersecting gold mineralisation and establishing the priority Gander Fault target for follow-up exploration. The company also expanded the Guyer West gold anomaly to 1.6km of strike, identifying further exploration potential within the broader Guyer West–Wild West gold corridor. The 14 Mile Well Gold Project is located between Leonora and Laverton in Western Australia, near the Granny Smith, Mt Morgan, and Wallaby gold mines, within what the filing describes as an approximately 50 million ounce gold district.

Welcome Creek Copper-Gold Project Overview

The filing disclosed details of the Welcome Creek Copper-Gold Project, which covers approximately 404km² of wholly owned tenure in the Paterson Orogen, located approximately 140km south of Telfer in Western Australia. The project features a 4–5km wide gravity-magnetic target described in the filing as a "bullseye" anomaly. A maiden deep hole exceeding 1,000 metres was drilled at the project and returned elevated copper, according to the filing. The company described the landholding as wholly owned tenure within the NW Officer Basin.