Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Iceni Gold Ltd. ( (AU:ICL) ) has provided an update.
Iceni Gold Limited reported significant gold discoveries at its 14 Mile Well Project during the last quarter of 2024, highlighting an expanded gold anomaly at the Guyer North area. The company has entered a A$35 million exploration Farm-In agreement with Gold Road Resources to further develop its tenements, and plans a major drilling campaign. With no debt and cash reserves of $3.55 million, Iceni is positioned to advance its exploration efforts, which could enhance its standing in the gold mining industry.
More about Iceni Gold Ltd.
Iceni Gold Limited is a Perth-based exploration company focusing on gold exploration at the 14 Mile Well Project in the Leonora-Laverton Greenstone Belt, Western Australia. The project covers approximately 850 square kilometers and is located between the gold mining centers of Laverton and Leonora. The company is working on expanding its gold resources, particularly at the Guyer Trend.
YTD Price Performance: 2.86%
Average Trading Volume: 447,389
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: A$22.17M
Learn more about ICL stock on TipRanks’ Stock Analysis page.
