Iceni Gold Limited (ASX: ICL) — Gold Footprint Grows at Guyer West, 14 Mile Well Gold Project

10 July 2026

Price Sensitive Announcement $

Highlights:

• A 33-hole, ~1,900m aircore (AC) drill program completed within the Guyer Farm-In at Iceni’s flagship 14 Mile Well Gold Project, located between Leonora and Laverton in Western Australia
• New results from focused AC drilling have outlined a broader >0.1g/t Au geochemical footprint at Guyer West, now covering a 1.6km strike length, up to 500m wide and open in multiple directions
• Significant results from the Guyer West extensional program include:
  • 4m @ 0.33g/t Au from 0m (GUYAC0317)
  • 4m @ 0.21g/t Au from 48m (GUYAC0327)
  • 4m @ 0.15g/t Au from 56m (GUYAC0322)
• The scale and tenor of gold anomalism at Guyer West shows encouraging similarities to the early-stage geochemical footprint defined at the Wild West Trend within the adjoining Everleigh Farm-In area
• A 1km untested gap remains between Guyer West and the Wild West Trend along a prospective 6km northwest-trending gold corridor beneath transported cover, with multiple interpreted regional structures converging at the western margin of the Danjo Granite
• Multi-element Bottom of Hole results are pending, and Sovereign results remain under technical review with validation work in progress
• Follow-up infill and extensional AC drilling is scheduled for the September quarter at Guyer West, with early-stage drill planning underway with Gold Fields at Wild West within the Everleigh Farm-In area

Overview:

Iceni Gold has reported an encouraging expansion of its gold footprint at the Guyer West target within the Guyer Farm-In area of its flagship 14 Mile Well Gold Project, with the latest 33-hole aircore campaign growing the >0.1g/t Au geochemical anomaly to a 1.6km strike length up to 500m wide — and drawing increasingly compelling parallels with the adjacent Wild West Trend.

Guyer West sits on the western flank of the Danjo Granite, a structure the Company considers a major ingredient in gold mineralisation across the 14 Mile Well area. First identified through wide-spaced generative AC drilling in August 2025, the prospect has been progressively expanded through multiple drill campaigns. The latest 13-hole, 819m program used a mix of infill holes at 100m spacing and extensional holes at 160–200m apart to delineate the broader geochemical footprint. Drilling intersected granodiorite with quartz veining and localised silica alteration, with two infill holes intersecting a mafic dolerite dyke with minor quartz-pyrite veining along the granodiorite contact — both returning elevated gold values. This geological setting shares characteristics with the Wild West Trend to the northwest, where gold mineralisation is hosted within a quartz dolerite.

The results have expanded the Guyer West anomaly toward the Wild West Trend, with the convergence of these two areas coinciding with a highly prospective structural setting where multiple interpreted regional structures intersect at or near the western margin of the Danjo Granite. While mineralisation identified to date is hosted within narrow structural lodes, the Company considers these structural intersections priority targets with the potential to localise broader and more continuous gold zones — representing a step-change in the scale of opportunity if confirmed by follow-up drilling.

A 1km corridor between Guyer West and Wild West remains untested along what the Company interprets as a prospective 6km northwest-trending gold system beneath transported cover. Infill and extensional AC drilling at Guyer West is planned for the September quarter, with early-stage planning also underway with Gold Fields at Wild West within the Everleigh Farm-In area. Multi-element Bottom of Hole results from the current program are still pending, along with technical validation of the Sovereign results.

Company Notes:

Iceni Gold Managing Director, Wade Johnson, commented: “These new results from the Guyer Farm-In area continue to demonstrate the effectiveness of our systematic aircore drilling exploration strategy in defining broad gold footprints under cover and generating high quality targets for follow up RC and diamond drilling. At Guyer West, the wide spaced first pass extensional AC drilling has expanded the gold anomalism and identified encouraging similarities to the early-stage geochemical signature recognised at the Wild West trend. The emerging connection between these areas, combined with a favourable structural setting where multiple interpreted structures converge, provides further confidence in the prospectivity of this new emerging gold corridor. While exploration to date indicates gold mineralisation is hosted within narrow structural lodes, structural intersections such as those identified between Guyer West and Wild West adjacent to the western contact of the Danjo Granite represent compelling targets where mineralising fluids may concentrate increasing the potential for a more continuous and larger mineralised system. We remain focused on systematically generating and advancing priority targets across the 14 Mile Well Gold Project and progressing the most prospective opportunities towards discovery.”

About Iceni Gold Limited (ASX: ICL):

Iceni Gold is an ASX-listed gold exploration company advancing its flagship 14 Mile Well Gold Project, strategically located between the established gold mining centres of Leonora and Laverton in Western Australia. The project adjoins Genesis Minerals’ recently recommenced Laverton Gold Operation and is subject to a $35 million farm-in agreement with Gold Fields Australia across 154km² of Iceni tenements. The Guyer Trend is the primary focus of the farm-in, with multiple phases of systematic aircore drilling progressively defining a significant bedrock gold system beneath transported cover across an 11.5km granite-greenstone contact.

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