Highlights

  • Iceni began a program exceeding 7,000 metres of reverse-circulation drilling at Everleigh.
  • The campaign targets four priority areas along a five-kilometre Bellbird Dolerite corridor.
  • Gold Fields is funding the program under an AUD 10mn farm-in, option and joint venture agreement.
  • Heritage clearances cover first-stage and second-stage drill sites across the priority areas.

Iceni Gold Limited (ASX:ICL) has started an extensive reverse-circulation drilling campaign at Everleigh within its 14 Mile Well Gold Project in Western Australia. Supported by Gold Fields under a farm-in arrangement, the program is testing the Bellbird Dolerite and several gold anomalies developed through earlier exploration.

Drilling Begins Across Priority Targets

The initial program covers more than 7,000 metres in approximately 50 holes on ten drill traverses. Four target areas, labelled ET1 to ET4, lie along about five kilometres of the prospective Bellbird Dolerite sill. Drilling commenced at ET1, home to the Wild West Trend. A reverse-circulation rig is operating on site, with heritage surveys and access approvals secured for the relevant first-stage and second-stage drill locations.

What Earlier Exploration Revealed

The Wild West Trend includes three aircore gold anomalies named Rio Bravo, Sundance and High Noon. The anomalies returned values exceeding 0.1g/t gold and extend over approximately two kilometres of strike. Iceni also identified historic high-grade rock-chip results and gold nugget fields coinciding with priority areas. These observations underpin the target selection, but they are not substitutes for intercepts from the current drilling program.

Testing the Mt Charlotte Geological Model

The exploration team is using a dolerite-hosted mineralisation model associated with the Mt Charlotte deposit at Kalgoorlie. At Everleigh, drilling is directed at fractionated horizons and structural settings where deformation may have encouraged gold-bearing quartz stockwork veining. The Bellbird Dolerite is a magnetic geological unit near the Danjo Granite. The drilling is intended to assess how its structure and geochemistry relate to the identified gold anomalism.

A Partner-Funded Exploration Path

The Everleigh area is part of an approximately 48km² farm-in package covered by an agreement for Gold Fields to spend up to AUD 10mn over five years. That arrangement commenced in June 2026 and funds the current initial drilling. It also allows Iceni to continue concentrating exploration resources on wholly owned areas of the broader 14 Mile Well project, including targets such as Goose Well. The company retains other non-joint-venture tenements spanning approximately 424km².

The Next Evidence Will Come From Drilling

Geological logging, sampling and assay results from the active campaign will be needed to assess the priority targets. The current program is designed both to test specific anomalies and to refine understanding of the wider dolerite corridor. No discovery or resource estimate from this campaign has been declared. The main near-term focus remains drill progress and the evidence collected across ET1–ET4.