Name

Iceni Gold

Legal name

Iceni Gold Limited

Website

https://icenigold.com.au

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Gold and Mineral Exploration

NAICS

Gold Ore and Silver Ore Mining (212220), Other Metal Ore Mining (212290)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Gold Mining (IMAKAEAA)

Keywords

• Gold exploration
• Mineral exploration
• Copper gold projects
• Mining tenements
• Drilling programs

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Exploration Farm-in Agreements: Strategic partnerships where other mining companies co-fund exploration expenditure in exchange for interests in discoveries. Currently has a farm-in agreement with Gold Fields (via G Ex Australia Pty Ltd) providing up to $10 million in exploration expenditure at the Everleigh Project.
2. Equity Capital Raises: Pre-revenue exploration company financing operations through periodic equity raises via ASX placements and rights issues. Recent raises include $700k in August 2026, $1.55m in March 2026, and $2.5m in June 2025.
3. EIS Co-funding: Government co-funding through the Australian Government's Exploration Incentive Scheme (EIS) for drilling programs. Currently has $300,000 in EIS co-funding secured for seismic surveys at the Welcome Creek Project.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Iceni Gold Limited is a Perth-based mineral exploration company that acquires and explores gold and copper tenements in Western Australia. The company focuses on its 14 Mile Well Gold Project (~645km² in the Laverton Greenstone Belt) and Welcome Creek Cu-Au Project (~404km² in the Paterson region), using reverse circulation drilling, diamond drilling, air core drilling, geophysical surveys, and AI-powered targeting to identify viable mineral deposits that can be developed into producing mines or divested to larger mining operators.

Product overview

Iceni Gold Limited is a Perth-based gold and copper exploration company operating two flagship projects: the 14 Mile Well Gold Project (flagship) covering ~645km² in the Leonora-Laverton Greenstone Belt, and the Welcome Creek Cu-Au Project covering ~404km² in the Paterson region. The 14 Mile Well Project encompasses multiple exploration targets including Goose Well (100% Iceni), Guyer Trend (farm-in with Gold Fields), and Everleigh Project (farm-in with Gold Fields for up to $10M exploration expenditure). The Welcome Creek project targets copper-gold mineralisation with $300,000 in EIS co-funding for seismic surveys.

Differentiator

Problem solved

Functional benefit

Products and services

• 14 Mile Well Gold Project Iceni's flagship gold exploration project covering approximately 645km² within the highly prospective Leonora-Laverton Greenstone Belt, containing multiple priority targets including Goose Well, Guyer, Everleigh, and Wild West Trend.
• Welcome Creek Cu-Au Project A 100% owned district-scale copper-gold exploration project covering approximately 404km² in the Northwest Officer Basin of Western Australia's Paterson region, targeting Iron Oxide Copper-Gold (IOCG) and sediment-hosted copper mineralisation centred on a 4-5km by 3km geophysical anomaly.
• Everleigh Project (Gold Fields Farm-In) A ~48km² exploration project within the 14 Mile Well area containing the Everleigh-Tatong prospect and Wild West Trend, subject to a joint venture with Gold Fields providing up to A$10 million in exploration expenditure across the project.

Quantifiable outcome

• Drilling confirmed a large hydrothermal system associated with the Gander Fault at Goose Well
• +2 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and supporting.

• Gold Fields (G Ex Australia Pty Ltd)coreStrategic or Co-development Partner · 30 June 2026Iceni Gold entered into an option and joint venture agreement with G Ex Australia Pty Ltd, a subsidiary of Gold Fields Limited, for the Everleigh Project. The agreement provides for up to $10 million in exploration expenditure across the approximately 48km² Everleigh Project area, which contains the Everleigh-Tatong prospect and the emerging Wild West Trend. The partnership combines Iceni's regional exploration knowledge with Gold Fields' financial and technical capabilities, accelerating exploration while allowing Iceni to continue advancing targets across its 100%-owned 14 Mile Well tenure.
• Australian Government (EIS)supportingStrategic or Co-development PartnerIceni Gold has secured $300,000 in co-funding through the Australian Government's Exploration Incentive Scheme (EIS) to undertake seismic surveys at the Welcome Creek Project, aimed at refining drill targets and unlocking the project's full potential.
• CSIROsupportingTechnology or IntegrationIceni Gold has collaborated with Australia's Commonwealth Scientific and Industrial Research Organisation (CSIRO) for Ultra Fine Fraction (UFF) soil sampling and analysis, utilizing CSIRO's proprietary exploration techniques for gold anomaly detection.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Ramelius Resources: Ramelius Resources is an ASX-listed mid-tier gold producer operating multiple mines in Western Australia including Mt Magnet and Edna May. As a WA-focused gold miner with M&A appetite for advanced exploration assets, Ramelius represents a comparable operating model and a plausible acquirer for Iceni's more advanced prospects.
• Antipa Minerals: Antipa Minerals is an ASX-listed junior gold-copper explorer with major projects in the Paterson region of Western Australia, directly comparable to Iceni's Welcome Creek Cu-Au project. With Rio Tinto as a significant shareholder and partner, Antipa is the closest peer for frontier-stage copper-gold exploration in the same under-explored basin.
• Westgold Resources: Westgold Resources operates multiple gold mines across the Murchison and Southern Cross regions of Western Australia. As an established mid-tier WA gold producer, Westgold is a natural strategic acquirer for exploration assets in tier-1 WA gold belts, and shares the same WA-centric, gold-only strategic focus as Iceni.
• Genesis Minerals: Genesis Minerals operates the Mt Morgans gold processing hub directly adjacent to Iceni's 14 Mile Well project in the Leonora-Laverton Greenstone Belt. With established infrastructure in Iceni's backyard, Genesis is the most logical near-term acquirer or toll-treatment partner for any discovery, and serves as a direct comparable for exploration-to-production economics in the same geological setting.
• Greatland Gold: Greatland Gold is a London-listed gold-copper explorer whose flagship Havieron project is located in the Paterson region of Western Australia. As a direct peer in the same basin as Iceni's Welcome Creek project, Greatland provides a comparable for copper-gold discovery valuation and major-miner partnership structures in the region.
• Capricorn Metals: Capricorn Metals operates the Karlawinda gold mine in Western Australia and is a direct ASX-listed peer in the WA gold space. Comparable in market positioning as a single-asset gold operator transitioning from explorer to producer, Capricorn provides a benchmark for valuation re-rating once a discovery advances toward development.
• Lefroy Exploration: Lefroy Exploration is an ASX-listed gold explorer in Western Australia where Iceni's MD Wade Johnson served as Managing Director until February 2024. Comparable as a junior WA gold explorer focused on the Eastern Goldfields, Lefroy is a useful peer for benchmarking exploration-stage valuations and capital raising structures.
• Siren Gold: Siren Gold is an ASX-listed gold explorer with shared executive directors (Brian Rodan, Keith Murray, James Pearse) overlapping with Iceni Gold's board. As the most directly comparable peer by management team composition, Siren provides a benchmark for valuation of similar exploration-stage gold companies and shares Iceni's strategic DNA.

Broad incumbents

• Gold Fields Limited: Gold Fields is a global top-tier gold producer that operates the Granny Smith and Wallaby mines immediately adjacent to Iceni's tenure. Already a JV partner via its subsidiary G Ex Australia, Gold Fields is a direct comparable for major miner engagement with junior explorers in the Laverton region and represents the most likely acquirer profile for a significant discovery.
• Newmont Corporation: Newmont is the world's largest gold miner and previously employed Iceni's MD Wade Johnson as Exploration Manager for Australia and Asia Pacific. As a broad incumbent operating globally, Newmont sets the benchmark for exploration methodologies and represents a potential acquirer for tier-1 gold discoveries in WA.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Iceni Gold