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The latest announcement is out from Iceni Gold Ltd. ( (AU:ICL) ).
Iceni Gold has provided an update on ongoing deep diamond drilling at its Welcome Creek copper-gold project in Western Australia, where hole WCD001 has reached 1,475.5 metres and is advancing toward a planned depth of at least 1,500 metres to test a large, coincident gravity-magnetic anomaly interpreted as a potential IOCG-style target. While drilling has intersected thick Neoproterozoic sedimentary and evaporitic rocks, structurally complex zones with minor sulphides and broad oxidation, the source of the geophysical anomaly remains unexplained; core is now undergoing detailed scanning and analysis in Perth, and the program—co-funded by the state’s Exploration Incentive Scheme—will provide one of the deepest holes in the Officer Basin, potentially reshaping the geological model for this underexplored region and informing future exploration strategy.
The most recent analyst rating on (AU:ICL) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Iceni Gold Ltd. stock, see the AU:ICL Stock Forecast page.
More about Iceni Gold Ltd.
Iceni Gold Limited is an Australian exploration company listed on the ASX that focuses on gold and copper-gold projects in Western Australia, including its 14 Mile Well and Welcome Creek projects. The company targets underexplored but highly prospective terrains such as the Officer Basin and Paterson Orogen, aiming to discover large-scale mineral systems using modern geophysical and drilling techniques.
Average Trading Volume: 191,746
Technical Sentiment Signal: Sell
Current Market Cap: A$22.35M
For a thorough assessment of ICL stock, go to TipRanks’ Stock Analysis page.