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- Iceni Gold (ICL) discovers new and significant nickel and lithium targets within its 14 Mile Well project in Western Australia
- The company identified four large UFF+ nickel soil anomalies, spanning 1.6-4.5 km long and also two large UFF+ lithium soil and rock chip anomalies, 3-10 km long
- ICL Technical Director David Nixon says the discoveries hold geochemical signatures known to be associated with lithium and nickel mineralisation in the Yilgarn
- The company is continuing to assess the critical minerals prospectivity at 14 Mile Well while maintaining the primary focus on discovering a world-class gold deposit
- ICL shares are up 2.22 per cent and trading at 9.2 cents at 12:20 pm AEST
Iceni Gold (ICL) has discovered new and significant nickel and lithium targets within its 14 Mile Well project in Western Australia.
The company identified four large UFF+ nickel soil anomalies, spanning 1.6-4.5 kilometres long and also two large UFF+ lithium soil and rock chip anomalies, 3-10 kilometres long.
ICL Technical Director David Nixon said the discovered anomalies were reinforced by multi-element soil geochemistry and have geochemical signatures known to be associated with lithium and nickel mineralisation in the Yilgarn.
“The presence of potential nickel and lithium targets at the 14 Mile Well project, in addition to our primary gold targets, adds significant exploration upside and supports the company’s decision to complete the tenement-wide soil sampling campaign from the outset following the IPO,” he said.
“The lithium anomalies have a similar tenor and extent to other published lithium anomalies within the Yilgarn Craton that host major lithium projects such as Mt Holland.”
The company remains focused on assessing the critical minerals potential at 14 Mile Well while maintaining its primary focus on discovering a world-class gold deposit.
ICL shares were up 5.56 per cent, trading at 9.5 cents at 12:20 pm AEST.
