Iceni Secures Gold Fields Farm-in Agreement Worth Up to AU$10 Million
Iceni Gold Limited (ASX: ICL) has entered into an option and joint venture agreement with Gold Fields, through its subsidiary G Ex Australia Pty Ltd, over approximately 48km² of the Company's 100%-owned Everleigh-Tatong Prospect within the 14 Mile Well Gold Project in Western Australia. Under the agreement, Gold Fields can earn an initial 51% interest by spending AU$5 million on exploration within three years, including a minimum commitment of AU$1.5 million within the first two years. Following this, Gold Fields may increase its interest to 70% by investing an additional AU$5 million within five years of commencement. Iceni will remain the initial manager throughout the earn-in phase, with exploration activities expected to begin in July 2026. Importantly, the Company retains 100% ownership of the remainder of its 14 Mile Well Gold Project, allowing it to continue advancing other priority exploration targets while Gold Fields funds exploration at Everleigh. The agreement is expected to accelerate exploration activities across the project while strengthening Iceni's partnership with a major global gold producer.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Iceni Secures Gold Fields Farm-in Agreement Worth Up to AU$10 Million
Iceni Gold Limited (ASX: ICL) has entered into an option and joint venture agreement with Gold Fields, through its subsidiary G Ex Australia Pty Ltd, over approximately 48km² of the Company's 100%-owned Everleigh-Tatong Prospect within the 14 Mile Well Gold Project in Western Australia. Under the agreement, Gold Fields can earn an initial 51% interest by spending AU$5 million on exploration within three years, including a minimum commitment of AU$1.5 million within the first two years. Following this, Gold Fields may increase its interest to 70% by investing an additional AU$5 million within five years of commencement. Iceni will remain the initial manager throughout the earn-in phase, with exploration activities expected to begin in July 2026. Importantly, the Company retains 100% ownership of the remainder of its 14 Mile Well Gold Project, allowing it to continue advancing other priority exploration targets while Gold Fields funds exploration at Everleigh. The agreement is expected to accelerate exploration activities across the project while strengthening Iceni's partnership with a major global gold producer.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au