Slide 1: Exploration Update Presentation
Exploration Update Presentation 28 December 2022 ASX: ICL 14 Mile Well Gold Project
Slide 2: Disclaimer and Forward-looking Statements
Disclaimer and Forward-looking Statements This document dated 28 December 2022 has been prepared by Iceni Gold Limited (Company) and is provided for information purposes only. This document does not constitute an offer, invitation, solicitation or recommendation with respect to the purchase or sale
Slide 3: Introduction
Introduction The EGST has produced The 14 Mile Well Project Eastern 130 Moz of gold Yilgarn is located near Leonora Goldfields Craton WA and Laverton Contains 17 world class Superterrane gold deposits containing 100t of gold Claypan The Kurnalpi Terrane has Deep Well produced over ~40Moz of 14 Mile
Slide 4: Right Region
Right Region Celia Fault Jundee ➢ The 14 Mile Well project is located in the Eastern Goldfields Bronzewing Superterrane which has produced 130Moz Au Darlot ➢ Contains 17 world class gold deposits each containing 100t Au Cardinia King of the Hills Mt Morgans Puzzle ➢ Located 285km from Kalgoorlie’s G
Slide 5: Right District
Right District 14 Mile Well is located in a rapidly consolidating district Iceni has identified three styles of gold mineralisation • Intrusion Related Gold: • Analogous to the Wallaby, Jupiter, Cameron Well deposits and associated with Mafic Group and Syenite Group intrusions. • Orogenic Lode Gold:
Slide 6: Right Address
Right Address Celia Fault Jaguar Eight major mines in a 50km radius ~50Moz Au Teutonic Bore Two major mines within a ~25km radius ~25Moz King of the Hills Cardinia Mt Morgans Granny Smith • Granny Smith / Wallaby – Gold Fields Australia • Produced: ~9.6 Moz gold Wallaby • Reserves/ Resources (Dec 20
Slide 7: Right Structures
Right Structures Major Structural Faults within the project: • Celia-Claypan Fault (9km of strike) • Castlemaine Fault (30km of strike) • Guyer Fault (15km of strike) Gold deposits are associated with major faults Example of veining and alteration within the Castlemaine Fault Zone Iceni Gold | Explo
Slide 8: Right Reactions
Right Reactions Far from Gold Close to Gold Silica-sulphide Epidote-carbonate alteration Hematite alteration -carbonate-tourmaline alteration Iceni Gold | Exploration Update 28 December 2022 | icenigold.com.au 8
Slide 9: Right Targets
Right Targets Significant amount of work completed since IPO 14 April 2021 • Diamond Drilling: ~17,000m • Air Core Drilling: ~42,000m • Rock Chip Sampling: >5,000 Samples • UFF+ Samples: >16,000 Samples • Gravity: 689 Stations • Geophysics: 31.5 line km Entire Tenement Package is being investigated
Slide 10: Target: Deep Well FMW44 Positive Air Core Drilling
Target: Deep Well FMW44 Positive Air Core Drilling • Hematite and pyrite alteration associated with quartz veining. • Interpreted as a zone of hydrothermal alteration/mineralisation coincident with a shear zone associated with a syenite intrusion. • DD results were unfavourable. • AC identified 2 si
Slide 11: Target: North 1 – TOTK Positive Air Core Drilling
Target: North 1 – TOTK Positive Air Core Drilling • Surface rockchip sampling identified high grade gold and visible gold in outcrop. • Completed DD fences across the anomalous trend. • Anomalism in AC points towards theNE. Next Steps: • Final DD results pending. • Interpret results, plan follow-up
Slide 12: Target: Danjo NE Positive Air Core Drilling
Target: Danjo NE Positive Air Core Drilling Surface rockchip sampling identified high grade gold associated with sulphide bearing quartz veining. Four AC holes reported goldanomalism: • FMAC0261: 8m @ 0.21g/t Au from 8-16m & 4m • FMAC0261: 4m @ 0.17g/t Au from 20-24m • FMAC0262: 4m @ 0.76g/t Au from
Slide 13: Target: Everleigh Well 5km Long Soil Anomaly
Target: Everleigh Well 5km Long Soil Anomaly Iceni Gold | Exploration Update 28 December 2022 | icenigold.com.au 13
Slide 14: Target: Everleigh Well Positive Diamond Core
Target: Everleigh Well Positive Diamond Core FMDD0032 ~ 214m Gold identified in drill core FMDD0032 ~116m Lode Structure Iceni Gold | Exploration Update 28 December 2022 | icenigold.com.au 14
Slide 15: Target: Claypan Positive DD and AC Drilling
Target: Claypan Positive DD and AC Drilling • All holes intersected significant alteration. • This alteration assemblage is suggestive of an early, pre- metamorphic, alteration system. • The alteration is potentially syn-volcanic, forming at or near the sea floor, most likely a Volcanogenic Massive
Slide 16: Target: North 1 – Recon 1 Positive Diamond Drill Core
Target: North 1 – Recon 1 Positive Diamond Drill Core Sulphides observed in Potassic (biotite) Possible gold related zones of increased alteration associated alteration with several % veining and with pillow margins pyrrhotite in biotite- brecciation chlorite altered andesite Iceni Gold | Exploratio
Slide 17: Target: North 1 – Recon 1 Positive Diamond Drill Core
Target: North 1 – Recon 1 Positive Diamond Drill Core FMDD0042 ~135m, sulphide bearing quartz vein with pyrrhotite, pyrite and chalcopyrite hosted within altered andesite volcanics. Iceni Gold | Exploration Update 28 December 2022 | icenigold.com.au 17
Slide 18: Target: Guyer Shear 15km long, 25km from Sunrise Dam +10Moz
Target: Guyer Shear 15km long, 25km from Sunrise Dam +10Moz Air Core program over 15km long Guyer Target Area. Major Targets • Guyer North • Guyer Central • Guyer South • Hage’s Bore • Guyer Syenite Drilling intersected syenite in SE of the Guyer Trend. • Guyer North results imminent. Syenite at Guy
Slide 19: Syenites
Syenites Gold attached to quartz vein: Guyer Well Iceni Gold | Exploration Update 28 December 2022 | icenigold.com.au 19
Slide 20: UFF Soil Sampled Entire Tenement Package with CSIRO
UFF Soil Sampled Entire Tenement Package with CSIRO Results have been received from the CSIRO Study • Eight significant new drill targets have been identified since IPO (currently untested). • UFF targeting work ongoing. Next Steps: • Field Truthing and Rock Chip sampling in Progress • Interpret res
Slide 21: Hage's Bore UFF REE, ME & Gold anomaly
Hage’s Bore UFF REE, ME & Gold anomaly • Large 2km x 1km multi-element, REE and gold UFF soil anomaly discovered at Hage’s Bore • The anomaly is centred on a syenite related intrusion • Anomalism is coincident with a high priority geophysical target • Hage’s Bore is east of the Guyer gold nugget ano
Slide 22: Hage's Bore UFF REE, ME & Gold anomaly
Hage’s Bore UFF REE, ME & Gold anomaly • The gold anomaly is centred on a syenite related intrusion • Exploratory Data Analysis (EDA) identified the Total REE (Ce+La+Y) anomaly on the eastern edge of the 14 Mile Well Project • Multi-element anomalism is coincident with the gold anomaly Iceni Gold |
Slide 23: Gold Anomaly Centred on Intrusion
Gold Anomaly Centred on Intrusion • The gold anomaly is centred on a syenite related intrusion • View of the central intrusion at Hage’s Bore surrounded by a magnetic amphibolite halo • Gossanous quartz vein breccia is located to the north of the central intrusion Iceni Gold | Exploration Update 28
Slide 24: Regional Gold Deposits
Regional Gold Deposits • View from the hill adjacent to the Hage’s Bore UFF+ anomaly, showing the locations of the nearby gold mines in the Laverton District Iceni Gold | Exploration Update 28 December 2022 | icenigold.com.au 24
Slide 25: Recent Finds
Recent Finds • Guyer – Northern end of the trend, associated with UFF+ Au anomaly and magnetic/gravity geophysical trends, on the eastern contact of the Danjo Granite • Everleigh – Embayment area, nuggets in drainage on the Castlemaine Fault, on the western contact of the Danjo Granite. Soil Anomaly
Slide 26: Recent Finds: Guyer North
Recent Finds: Guyer North 52.7g Nugget Parcel – cleaned 61.1g Nugget Parcel 46.2g Nugget Parcel Iceni Gold | Exploration Update 28 December 2022 | icenigold.com.au 26
Slide 27: Recent Finds: Guyer North
Recent Finds: Guyer North Cleaned nuggets from the 52.7g parcel Nugget with angular features Iceni Gold | Exploration Update 28 December 2022 | icenigold.com.au 27
Slide 28: Recent Finds: Guyer North
Recent Finds: Guyer North Variety of nugget types being recovered, indicating a number of geological processes at work Iceni Gold | Exploration Update 28 December 2022 | icenigold.com.au 28
Slide 29: Recent Finds: Guyer North
Recent Finds: Guyer North Angular nuggets suggest they are close to source Rounded nuggets suggest they have travelled further An assemblage with both types of nuggets suggests there are two or more gold sources Angular Rounded Iceni Gold | Exploration Update 28 December 2022 | icenigold.com.au 29
Slide 30: Recent Finds: Guyer North
Recent Finds: Guyer North Gold still attached to a fragment of the host quartz vein. The gold is associated with iron oxides after sulphides. Iceni Gold | Exploration Update 28 December 2022 | icenigold.com.au 30
Slide 31: Recent Finds - Guyer North
Recent Finds - Guyer North Deep yellow nuggets with a high gold-silver ratio suggest weathering or supergene processes Pale yellow nuggets with a lower gold-silver ratio suggest primary composition is preserved An assemblage with both types of compositions suggests two or more gold sources ~85% Au p
Slide 32: Guyer North
Guyer North Very high purity (gold-silver ration) nuggets suggesting supergene modification and mobilisation through the groundwater Iceni Gold | Exploration Update 28 December 2022 | icenigold.com.au 32
Slide 33: Everleigh Embayment
Everleigh Embayment 11.2g nugget Iceni Gold | Exploration Update 28 December 2022 | icenigold.com.au 33
Slide 34: Everleigh Embayment
Everleigh Embayment 354.3g specimen estimated to contain ~10g of gold Iceni Gold | Exploration Update 28 December 2022 | icenigold.com.au 34
Slide 35: Summary
Summary Guyer North • Majority of nuggets from Guyer North are transported • High purity suggests supergene modification • Nugget trend coincides with UFF+ Au anomaly • Correlates with the Unconformity at the base of transported cover • Gold likely to be coming from the granite contact to the west E
Slide 36: Board of Directors
Board of Directors Brian Rodan Dave Nixon Hayley McNamara Keith Murray Executive Chairman Technical Director Non-Executive Director Non-Executive Director Fellow of the Australian Institute of Mining BSc Hons Applied Geology. Mr Nixon has Corporate lawyer with 20 years experience. Chartered accounta
Slide 37: Thank you
Thank you David Nixon | Technical Director Level 2, 41 Ord Street West Perth, Western Australia T: +61 8 6458 4200 E: admin@icenigold.com.au www.icenigold.com.au