Iceni Gold Ltd. (AU:ICL)
ASX:ICL
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Iceni Gold Ltd.
(Sydney:ICL)
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Rating:43Neutral
Price Target:
AU$0.03
▼(-43.33% Downside)
Action:ReiteratedDate:04/08/26
The score is primarily held back by weak financial performance (widening losses and significant cash burn) and bearish technicals (price below key moving averages with negative MACD). A strong, low-debt balance sheet provides some support, but valuation metrics offer limited help given the company is loss-making and no dividend yield is available.
Positive Factors
Low leverage / clean balance sheet
A near-zero debt profile and sizeable equity provide durable financial flexibility for a capital-intensive explorer. This reduces default risk, supports continued drilling programs without immediate refinancing, and preserves optionality to pursue value-accretive permits or JV opportunities over months.
Negative Factors
Widening net losses
Substantially larger annual losses erode shareholder equity and reduce runway, forcing recurring capital raises if the trend persists. For an early-stage explorer, continued deficits weaken bargaining power for deals and heighten dilution risk, undermining long-term project advancement.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / clean balance sheet
A near-zero debt profile and sizeable equity provide durable financial flexibility for a capital-intensive explorer. This reduces default risk, supports continued drilling programs without immediate refinancing, and preserves optionality to pursue value-accretive permits or JV opportunities over months.
Read all positive factors
Iceni Gold Ltd. (ICL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$13.45M
Dividend YieldN/A
Average Volume (3M)315.75K
Price to Earnings (P/E)―
Beta (1Y)3.17
Revenue GrowthN/A
EPS Growth-791.67%
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 focuses on acquiring, exploring, and developing gold projects. Its principal property is the 14 Mile Well project that consists of 7 prospect areas comprising a tenement package of 850 square kilometers located in the Eastern Go...
How the Company Makes Money
null...
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
0.05
Negative
0.06
Negative
0.06
Negative
Market Momentum
>-0.01
Positive
37.39
Neutral
23.33
Neutral
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 0.04, above the 50-day MA of 0.05, and above the 200-day MA of 0.06, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 37.39 is Neutral, neither overbought nor oversold. The STOCH value of 23.33 is Neutral, 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% | |
46 Neutral | AU$43.98M | 3.40 | 7.66% | ― | 400.00% | 21.71% | |
45 Neutral | AU$50.86M | -3.39 | -35.89% | ― | ― | -4.00% | |
45 Neutral | AU$22.76M | -6.13 | -78.42% | ― | ― | ― | |
43 Neutral | AU$13.45M | -17.16 | -7.27% | ― | ― | -791.67% | |
42 Neutral | AU$49.99M | -1.91 | -342.09% | ― | ― | 40.17% |
* Basic Materials Sector Average
AU:ICL
Iceni Gold Ltd.
0.03
-0.05
-57.50%
AU:ODY
Odyssey Gold Limited
0.04
0.02
100.00%
AU:WGR
Western Gold Resources Ltd.
0.17
0.12
240.00%
AU:MVL
Marvel Gold Ltd.
0.02
<0.01
45.45%
AU:KZR
Kalamazoo Resources Ltd.
0.14
0.06
81.82%
Iceni Gold Ltd. Corporate Events
Iceni Gold Completes Maiden Drilling at High-Priority Goose Well Target
Apr 1, 2026
Iceni Gold has completed its maiden reverse circulation drilling program at the high-priority Goose Well target within the 14 Mile Well Gold Project, executing 19 holes for 2,150 metres across two key target areas. The program aims to validate and...
Iceni Gold Confirms Compliance on New Share Issue and ASX Quotation
Mar 30, 2026
Iceni Gold has issued fully paid ordinary shares and applied for their quotation on the ASX, confirming that the shares were issued without a disclosure document under the relevant exemption in the Corporations Act. The company states it is up to ...
Iceni Gold Seeks ASX Quotation for Over 51 Million New Shares
Mar 30, 2026
Iceni Gold Ltd., listed on the ASX under ticker ICL, operates in the resources sector with a focus on gold-related activities. The company is positioned as a gold-focused player targeting investors interested in precious metals exposure.The compan...
Iceni Gold Plans Major Share and Options Issue to Boost Capital Base
Mar 25, 2026
Iceni Gold has lodged a new Appendix 3B with the ASX outlining a proposed issue of securities via a placement or similar capital-raising structure. The company plans to issue up to 58,589,183 fully paid ordinary shares along with two tranches of u...
Iceni Gold Upsizes Capital Raising to Accelerate 14 Mile Well Exploration
Mar 25, 2026
Iceni Gold has increased the size of its recently announced capital raising after securing further support from a large shareholder, lifting total placement commitments to $1.76 million before costs. The upsized funds will be used to accelerate ex...
Iceni Gold Raises $1.55m to Drive WA Exploration and Laverton Tenement Deal
Mar 24, 2026
Iceni Gold has raised $1.55 million in a strongly supported placement to sophisticated, strategic and institutional investors, including backing from major shareholder Gold Fields Australia and the company’s directors. The funds will be used...
Iceni Gold Plans Major Share and Option Issue to Support Exploration Funding
Mar 22, 2026
Iceni Gold Ltd., a gold-focused exploration company listed on the ASX, continues to use equity markets as a key funding avenue for its activities. The company’s operations are capital-intensive, and periodic share and option issues are a com...
Iceni Gold Raises $1.55m and Secures Strategic Laverton South Tenements
Mar 22, 2026
Iceni Gold has raised approximately $1.55 million in a strongly supported share placement to institutional, sophisticated and strategic investors, including major shareholder Gold Fields Australia and company directors, to fund exploration at its ...
Iceni Gold Issues Interim Half-Year Corporate Report
Mar 16, 2026
Iceni Gold Limited has released its interim financial report for the half year ended 31 December 2025, providing an update on its corporate structure and governance arrangements. The report highlights the company’s current leadership team, r...
Iceni Gold Starts Maiden Drilling at High-Priority Goose Well Target
Mar 15, 2026
Iceni Gold has launched a maiden reverse circulation drilling program at the high-priority Goose Well target within its 14 Mile Well Gold Project in Western Australia. The campaign comprises 23 holes for 2,600 metres, designed to confirm historica...
Iceni Gold Targets Priority Goose Well Prospect with New RC Drill Program
Mar 2, 2026
Iceni Gold has identified Goose Well, on the western edge of its 14 Mile Well project, as a priority drill target after compiling historic work and conducting its own soil sampling, mapping and resampling of old reverse circulation drill spoils. T...
Iceni Gold Drill Results Refine Geological Model at Guyer Trend
Feb 9, 2026
Iceni Gold has reported new diamond drilling results from two holes at the Guyer area within its 14 Mile Well Gold Project, refining its understanding of the local geology and gold mineralisation controls. The work confirms stacked shear-hosted st...
Iceni Gold Advances Deep Drilling at 14 Mile Well and Welcome Creek
Jan 30, 2026
Iceni Gold reported an active December quarter centred on exploration at its 14 Mile Well Gold Project and the Welcome Creek Project, advancing drilling programs that target key geological structures believed to host significant gold and IOCG-styl...
Iceni Pushes Deep Drilling at Welcome Creek IOCG Target in Officer Basin
Jan 28, 2026
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...
Iceni Gold Options Lapse, Trimming Potential Future Dilution
Jan 13, 2026
Iceni Gold Limited has confirmed the expiry and cessation of 19,218,819 listed options (ICLAQ) with an exercise price of $0.15, which lapsed unexercised on 31 December 2025. The expiration of these options reduces the company’s potential fut...
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.