Iceni Gold and Gold Fields Enter $10M Farm-In JV at Everleigh-Tatong

Gold Fields Commits Up to $10 Million to Everleigh-Tatong Exploration

Iceni Gold Limited (ASX:ICL) has struck a strategic farm-in and joint venture deal with Gold Fields Limited's Australian subsidiary, G Ex Australia Pty Ltd, injecting up to $10 million into exploration at the Everleigh-Tatong prospect. This tenement package, covering approximately 48 square kilometres within Iceni’s 14 Mile Well Gold Project, sits between Leonora and Laverton in Western Australia’s prolific gold belt.

The agreement allows Gold Fields to earn an initial 51% interest by spending $5 million within three years, including a minimum $1.5 million commitment in the first two years. An additional $5 million exploration spend over the following two years could increase Gold Fields’ stake to 70%. Iceni will manage exploration during the earn-in phase, with field activities slated to begin in July 2026.

Everleigh-Tatong: A New Gold Corridor Emerges

The Everleigh-Tatong area is emerging as a compelling gold target, underpinned by a north-west trending corridor along the western contact of the Danjo Granite. Iceni’s recent aircore drilling revealed three new gold anomalies; Rio Bravo, Sundance, and High Noon; along this fractionated dolerite sill, extending over a 2-kilometre strike length. The anomalies, some buried beneath transported cover, range from 0.1 g/t gold and above, with significant intercepts such as 3 metres at 1.10 g/t Au reported.

This prospective corridor complements the nearby Guyer trend and the newly defined Wild West trend, collectively forming a potential 7-kilometre gold anomalous zone. Iceni’s Managing Director Wade Johnson highlighted that the partnership with Gold Fields validates the potential for multiple mineral systems associated with the dolerite sill and reinforces the broader prospectivity of the 14 Mile Well project.

Strategic Benefits and Regional Synergies

Gold Fields’ involvement brings deep regional expertise and financial firepower to Iceni’s exploration efforts. The proximity of the Granny Smith Gold Mine, operated by Gold Fields just 25 kilometres east of the project, offers potential infrastructure and processing synergies. Gold Fields is already a significant shareholder in Iceni and has an existing farm-in agreement with the company at the Guyer project, consolidating its footprint in the Laverton district.

Iceni retains full ownership of the remaining 645 square kilometres of the 14 Mile Well Gold Project outside the farm-in area, allowing it to accelerate exploration on other high-priority targets such as Goose Well, where recent drilling has confirmed historic gold mineralisation and identified major structural controls. This dual approach balances risk and rewards by leveraging Gold Fields’ capital on Everleigh-Tatong while advancing Iceni’s wholly owned assets. The company’s recent capital raises have supported this broader exploration push.

Next Steps and Exploration Outlook

Exploration activity on the Everleigh farm-in tenements is expected to commence in July 2026, with the combined Iceni and Gold Fields teams eager to test the newly identified gold anomalies. The initial focus will be on confirming and extending the Wild West trend and other targets along the dolerite sill. The farm-in structure provides Gold Fields with exclusive exploration rights during the option period, funding all expenditures, while Iceni holds the managerial reins initially.

While the results to date are encouraging, the gold anomalies remain open along strike and at depth, and the presence of transported cover poses exploration challenges. The upcoming drilling campaigns will be critical to defining the scale and grade of mineralisation and determining whether the Everleigh-Tatong corridor can evolve into a significant new gold discovery in the Eastern Goldfields.