Iceni Gold Ltd Reveals Gander Fault Discovery at 14 Mile Well

Iceni Gold Ltd reveals Gander Fault discovery through their inaugural reverse circulation drilling programme at the Goose Well prospect, delivering compelling results that have identified significant gold potential and a major untested structural target. The company's 19-hole, 2,000-metre RC programme has validated historical data whilst uncovering new exploration opportunities across the flagship 14 Mile Well Gold Project.

The drilling programme returned multiple encouraging gold intersections, highlighted by 10m @ 0.96 g/t Au from 37m including a high-grade interval of 1m @ 7.53 g/t Au. These results demonstrate the potential for a substantial gold system within the 1.7km x 1.3km Goose Well Intrusive Complex (GWIC).

Critically, the drilling has led to the identification of the "Gander Fault" – a major north-south trending structure evident in regional magnetic data and supported by multiple gold-in-soil anomalies exceeding 15 parts per billion (ppb). This previously untested structural corridor represents significant exploration upside for the company.

Key Drill Results Confirm System-Scale Gold Potential

The RC drilling programme targeted two priority areas – the Main and North Targets – across the Goose Well prospect, systematically testing zones where historical drilling had indicated gold mineralisation. Furthermore, the results exceeded expectations, confirming the system's potential scale.

Significant Gold Intercepts Include:

• 10m @ 0.96 g/t Au from 37m in FMRC0032, including 1m @ 7.53 g/t Au from 38m
• 14m @ 0.60 g/t Au from 226m in FMRC0039, including 2m @ 2.30 g/t Au from 234m
• 8m @ 0.62 g/t Au from 63m in FMRC0038, including 3m @ 1.38 g/t Au from 68m
• 32m @ 0.44 g/t Au from 6m in FMRC0022, including 1m @ 3.78 g/t Au from 26m

The mineralisation is hosted within monzogranite and syenite intrusions and appears to comprise discrete high-grade quartz veins within a broader low-grade disseminated system. In addition, this geological framework is consistent with several large-scale gold deposits in the region.

"We are very pleased with the results from the maiden drill programme at Goose Well and excited about the greater opportunity along the Gander Fault that this has generated. The focussed first-pass generative RC drill programme targeted the most advanced and obvious mineralised zone, where historic resampling validated previously reported economic gold intercepts."

Wade Johnson, Managing Director

Understanding Intrusive-Hosted Gold Deposits: Why GWIC Matters

Intrusive-hosted gold deposits represent some of the world's most significant gold mining operations. These deposits form when gold-bearing fluids are introduced into granitic or syenitic intrusive rocks, typically along structural corridors such as faults or shear zones.

The Goose Well Intrusive Complex (GWIC) displays several key characteristics of this deposit type. For instance, it features a large-scale intrusive footprint measuring 1.7km x 1.3km. Moreover, it contains multiple intrusive phases creating complex geological architecture.

The complex demonstrates structural controls evidenced by mapped quartz veins and soil anomalies. Additionally, it shows association with lamprophyre dykes, which often indicate deep-seated structural pathways.

For investors, intrusive-hosted systems offer several advantages: they can host large tonnages of mineralisation, often have good metallurgical characteristics, and can support long-term mining operations when economic grades are established.

Key Terms:

• Lamprophyre: Dark-coloured dyke rocks that often exploit major structural corridors and are associated with gold mineralisation
• Monzogranite: A type of granitic rock that commonly hosts gold mineralisation in Western Australia
• Stockwork: A network of closely spaced veins or veinlets, often indicating a large-scale mineralising system

Gander Fault Discovery Opens New Exploration Frontiers

The identification of the Gander Fault represents a significant breakthrough for Iceni Gold's exploration strategy. This major north-south trending structure has been defined through integration of multiple datasets, consequently revealing new exploration opportunities.

Evidence Supporting the Gander Fault:

• Regional aeromagnetic signature clearly defining the structural corridor
• Multiple gold-in-soil anomalies exceeding 15ppb Au aligned with the structure
• Surface-mapped quartz veins following the structural trend
• Lamprophyre intersections in drilling, indicating deep structural exploitation

The drilling results show that gold mineralisation strength increases toward the eastern sections, adjacent to the untested Gander Fault. This pattern suggests the fault may represent the primary mineralising structure for the entire Goose Well system.

Importantly, the company's analysis indicates that historical drilling was oriented suboptimally to key structures, potentially under-representing true thicknesses and grades. However, the 1-metre compositing used in RC sampling may have also diluted narrow high-grade vein material.

Strategic Diamond Drilling Programme to Define System Architecture

Iceni has planned a focussed diamond drilling programme comprising two holes for approximately 350 metres, scheduled to commence in May 2026. This programme will target critical knowledge gaps and provide essential structural information.

Diamond Drilling Objectives:

1. Confirm structural continuity and optimise future drill orientation
2. Characterise mineralogy and texture of mineralised veins
3. Define intrusive phase relationships and their association with gold
4. Understand lamprophyre-structure relationships
5. Intersect and confirm the Gander Fault and potential splays

The diamond drilling will provide oriented core samples, enabling precise measurement of vein orientations, true thicknesses, and structural controls. This information is critical for developing an optimal exploration strategy across the broader 722km² 14 Mile Well Gold Project.

Investment Case: Why Iceni Gold Deserves Attention

The Goose Well results position Iceni Gold as a compelling exploration story within the highly gold-endowed Leonora-Laverton district. Several factors support the investment thesis, particularly following the recent discovery achievements.

Geological Advantages:

• Large intrusive complex with 1.7km x 1.3km footprint barely explored
• System-scale structural controls identified through Gander Fault discovery
• Multiple target areas across broader 722km² tenement package
• Proximity to major operations including Granny Smith, Sunrise Dam, and Wallaby

Strategic Position:

• Location midway between Leonora and Laverton with established infrastructure
• Within 75km of multiple high-tonnage processing facilities
• Systematic exploration approach building geological understanding methodically
• Strong shareholder support including Gold Fields Australia partnership

Near-term Catalysts:

• Diamond drilling commencement in May 2026
• Structural framework definition for Gander Fault
• Expanded exploration across broader GWIC and 14MWGP
• Resource definition potential following successful structural understanding

The company's methodical approach to understanding the geological framework before large-scale drilling demonstrates technical competence and capital discipline. These are key attributes for successful exploration companies.

Why Investors Should Follow Iceni Gold

Iceni Gold has positioned itself as a significant land holder in one of Western Australia's most prolific gold districts. The Goose Well discovery validates the company's target generation process and demonstrates the exploration potential across its extensive tenement package.

Immediate Upside Potential:

• Gander Fault testing could define system-scale mineralisation
• Diamond drilling results due mid-2026 will provide structural framework
• Multiple untested targets across GWIC following successful drilling
• Exploration expansion across broader 14 Mile Well Gold Project

Strategic Assets:

• Largest landholder in Leonora-Laverton district outside major miners
• Never systematically explored tenement package with historical high-grade results
• Gold Fields partnership providing technical and financial backing
• Infrastructure proximity enabling potential development economics

The combination of proven geological potential, strategic location, and systematic exploration approach positions Iceni Gold for potential major discoveries. With multiple catalysts approaching and a clear technical pathway forward, the company warrants close investor attention in the coming months.

Iceni Gold has demonstrated significant gold potential at Goose Well whilst identifying the major Gander Fault structure that could unlock system-scale discoveries. With diamond drilling commencing shortly and multiple exploration targets across its large tenement package, investors should monitor upcoming results that could materially re-rate the company's exploration potential.

Could Iceni Gold's Gander Fault Discovery Transform Your Portfolio?

With the identification of the major Gander Fault structure and compelling drill results from the Goose Well prospect, Iceni Gold has demonstrated significant exploration potential across its extensive Leonora-Laverton tenement package. The upcoming diamond drilling programme in May 2026 and multiple untested targets across the 1.7km x 1.3km intrusive complex present substantial near-term catalysts for investors seeking exposure to a methodical exploration story in one of Western Australia's most prolific gold districts. To explore Iceni Gold's comprehensive project portfolio, technical achievements, and strategic positioning in this highly prospective region, visit their official website for detailed company information and the latest developments on their systematic approach to unlocking potential system-scale gold discoveries.