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Iceni Gold Ltd.
(Sydney:ICL)
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Rating:45Neutral
Price Target:
AU$0.03
▼(-55.00% Downside)
Action:Reiterated
Date:05/06/26
The score is held down primarily by weak financial quality (widening losses and significant cash burn despite revenue growth) and bearish technicals (price below key moving averages with negative MACD). A low-debt balance sheet offers some support, but valuation is constrained by loss-making earnings and no stated dividend yield.
Positive Factors
Balance Sheet Strength
Very low leverage and a sizeable equity base provide durable financial flexibility for an exploration company. This reduces near-term refinancing risk, supports ongoing programs, and makes the company a more credible counterparty for farm-outs or JV funding while losses persist.
Negative Factors
Widening Net Losses
A sharp increase in net losses materially erodes equity and heightens funding needs. Persistent large losses undermine the company's ability to self-fund exploration, increase reliance on external capital, and raise the risk of dilutive financings that can impair long-term shareholder value.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Very low leverage and a sizeable equity base provide durable financial flexibility for an exploration company. This reduces near-term refinancing risk, supports ongoing programs, and makes the company a more credible counterparty for farm-outs or JV funding while losses persist.
Read all positive factors
Iceni Gold Ltd. (ICL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$9.89M
Dividend YieldN/A
Average Volume (3M)315.75K
Price to Earnings (P/E)―
Beta (1Y)1.79
Revenue GrowthN/A
EPS Growth-36.96%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.01
Shares Outstanding395,484,700
10 Day Avg. Volume272,955
30 Day Avg. Volume315,747
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.61
Price to Sales (P/S)61.44
P/FCF Ratio-2.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Iceni Gold Ltd. Business Overview & Revenue Model
Company Description
Iceni Gold Limited specializes in the acquisition, exploration, and development of gold projects. Its primary asset is the extensive 14 Mile Well project, encompassing a vast 850-square-kilometer tenement package. This project comprises seven dist...
How the Company Makes Money
Iceni Gold Ltd does not have publicly available information indicating recurring operating revenue from product sales or services. As an exploration-stage mining company, its typical pathway to monetization is to (1) increase the value of its expl...
Iceni Gold Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 164.80K | 291.24K | 142.20K | 0.00 | 0.00 | 0.00 |
| Gross Profit | 164.78K | 291.24K | 142.20K | -17.12K | -4.54K | -757.00 |
| EBITDA | -3.55M | -3.59M | -952.35K | -1.22M | -1.23M | -2.38M |
| Net Income | -2.15M | -3.49M | -230.02K | -1.30M | -1.32M | -2.39M |
Balance Sheet | ||||||
| Total Assets | 30.76M | 30.85M | 28.32M | 24.96M | 27.33M | 25.25M |
| Cash, Cash Equivalents and Short-Term Investments | 1.57M | 4.35M | 3.45M | 1.16M | 7.95M | 17.52M |
| Total Debt | 14.51K | 0.00 | 247.12K | 823.36K | 1.51M | 423.39K |
| Total Liabilities | 1.11M | 1.29M | 858.45K | 1.34M | 2.41M | 1.04M |
| Stockholders Equity | 29.65M | 29.56M | 27.46M | 23.62M | 24.92M | 24.21M |
Cash Flow | ||||||
| Free Cash Flow | -5.70M | -7.79M | -3.11M | -6.03M | -12.68M | -3.95M |
| Operating Cash Flow | -944.25K | -1.38M | -502.23K | -1.14M | -1.30M | -1.24M |
| Investing Cash Flow | -3.39M | -2.82M | -458.96K | -4.97M | -11.38M | -2.86M |
| Financing Cash Flow | 2.33M | 5.10M | 3.25M | -684.86K | 3.11M | 21.47M |
Iceni Gold Ltd. Technical Analysis
Negative
0.06
Price Trends
0.02
Negative
0.03
Negative
0.05
Negative
Market Momentum
<0.01
Positive
36.71
Neutral
6.94
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ICL, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.02, and above the 200-day MA of 0.05, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 36.71 is Neutral, neither overbought nor oversold. The STOCH value of 6.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ICL.
Iceni Gold Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$15.81M | -6.16 | -40.02% | ― | ― | 39.32% | |
50 Neutral | AU$13.68M | -5.74 | -11.93% | ― | ― | ― | |
49 Neutral | AU$11.45M | 1.73 | 38.60% | ― | ― | 7000.00% | |
45 Neutral | AU$9.89M | -3.13 | -7.27% | ― | ― | -36.96% | |
44 Neutral | AU$12.64M | -4.35 | -14.17% | ― | 3.74% | 4.17% | |
41 Neutral | AU$12.17M | -2.04 | -202.96% | ― | ― | 41.01% |
* Basic Materials Sector Average
AU:ICL
Iceni Gold Ltd.
0.02
-0.05
-70.00%
AU:BNR
Bulletin Resources Limited
0.04
-0.02
-39.34%
AU:NAG
Nagambie Resources Limited
0.01
>-0.01
-37.50%
AU:KAL
Kalgoorlie Gold Mining Limited
0.03
-0.01
-24.39%
AU:FG1
Flynn Gold Ltd.
0.02
>-0.01
-27.59%
AU:PGD
Peregrine Gold Ltd.
0.18
0.00
0.00%
Iceni Gold Ltd. Corporate Events
Iceni Gold Strikes Up to $10m Farm-In Deal with Gold Fields at 14 Mile Well
Jun 30, 2026
Iceni Gold Ltd. has entered an option and joint venture agreement with Gold Fields’ subsidiary G Ex Australia Pty Ltd. The deal covers a 48km² farm-in area within Iceni’s 14 Mile Well Gold Project, now called the Everleigh Project...
Iceni Gold Shareholders Back Capital Raising Resolutions
Jun 24, 2026
Iceni Gold Ltd. shareholders approved all resolutions put forward at a general meeting held on 24 June 2026, with each item carried by poll. The approvals cover the ratification and issuance of placement shares, free attaching options and options ...
Iceni Gold launches follow-up drilling at Guyer targets
Jun 9, 2026
Iceni Gold has commenced a dual aircore drilling program at the Guyer Farm-In within its 14 Mile Well Gold Project in Western Australia. The 34-hole, 1,800-metre campaign is focused on two key target areas, Guyer West and Sovereign, where previous...
Iceni Gold Director Increases Shareholding Through On-Market Purchase
May 8, 2026
Iceni Gold Ltd. has reported a change in director Brian Rodan’s interests, with his direct and indirect holdings increasing through an on-market purchase. Rodan acquired 1,000,000 fully paid ordinary shares for $25,062, lifting his total sha...
Iceni Gold posts strong quarter with new drill results, Laverton South expansion
Apr 24, 2026
Iceni Gold reported encouraging March-quarter exploration results, highlighted by a 19-hole, 2,000m reverse circulation drilling program at the Goose Well target within 14 Mile Well that delivered several notable gold intercepts and strengthened e...
Iceni Gold Drilling Highlights Exploration Upside at Goose Well Prospect
Apr 14, 2026
Iceni Gold has reported encouraging reverse circulation drilling results from the Goose Well prospect within its 14 Mile Well Gold Project in Western Australia, confirming significant gold intercepts within the Goose Well Intrusive Complex. Minera...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.