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Iceni Gold Limited (ASX: ICL) (Iceni or the Company) is pleased to provide an exploration update on the 14 Mile Well Project.
Highlights
- Since listing on the ASX, Iceni embarked on a tenement wide fieldwork program, including UFF+ soil and rock chip sampling. These include over 15,000 soil samples that have been tested for 50 elements.
- Analysis of UFF+ soil and rock chip assays have identified new and significant nickel and lithium targets, in addition to the existing gold targets, within Iceni’s 14 Mile Well tenement package. These include:
- Four large UFF+ nickel soil anomalies (1.6-4.5kms long).
- Two large UFF+ lithium soil and rock chip anomalies (3-10km long) with a strong association with Li-Cs-Be-Rb.
- The Leonora-Laverton District hosts a number of Australia’s significant critical minerals projects and some of these are located within a 50km radius of Iceni’s 14 Mile Well Project.
- Iceni will further evaluate the critical minerals prospectivity at 14 Mile Well while maintaining the primary focus on discovering a world class gold deposit.
Technical Director David Nixon commented:
“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.
These new nickel and lithium anomalies are reinforced by multi-element soil geochemistry and have geochemical signatures known to be associated with lithium and nickel mineralisation in the Yilgarn.
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*.
Iceni will follow-up on these exciting targets in parallel to its focus on gold.”
*Mt Holland soil anomaly map in Phelps-Barber, Trench & Groves (2022) Recent pegmatite-hosted spodumene discoveries in Western Australia: insights for lithium exploration in Australia and globally. Applied earth Science, 131:2, 100-113.
Introduction
Over a two-year period UFF+ sampling was conducted across the entire tenement package on a regular grid pattern (nominally 100m x 400m). The 15,180 soil samples were taken and analysed for 50 elements, along with other soil properties, including soil sizing, colour, conductivity, acidity, and short wave infra-red analysis (SWIR), to identify clay mineralogy.
The CSIRO developed the UFF+ soil sampling technique to see through deep cover and identify the anomalies derived from mineralisation hidden below.
New generative targeting work conducted by Iceni, assisted by the reviews from the CSIRO and Tower Geoscience consulting geochemist Dr Chris Salt, has led to the identification of a number of new nickel and lithium targets that complement the existing gold targets within the 14 Mile Well project.
Since the IPO in 2021 the Company has identified 12 new significant soil and rock chip anomalies:
- Four UFF+ nickel soil anomalies.
- Two large rock chip/UFF+ lithium anomalies.
- Six large UFF+ gold anomalies (included in ASX releases dated 21 December 2022, 10 November 2022, 20 September 2022, 31 August 2022 and 14 February 2022).
Nickel Projects
Three significant nickel projects are situated within a 50km radius of the Iceni tenement package:
- Murrin Murrin Project (Glencore), operating, 2021 production: 33,700t Ni and 2,800t Co.
- Kilkenny/Eucalyptus Project (Alliance Nickel), under construction, planned annual production: 20,000t Ni and 1,400t Co.
- Windarra Nickel Project (Poseidon), re-development, historic production (1974-1978 and 1981-1989) 7.191Mt at 1.59% Ni for 84,630t Ni.
Figure 1 Nickel deposits known within the district surrounding Iceni’s 14 Mile Well project. Two large nickel projects share tenement boundaries with the 14 Mile Well project.
Nickel Soil Targets
The 14 Mile Well project sits immediately adjacent to the Murrin Murrin and Kilkenny/Eucalyptus nickel projects which adjoin tenement boundaries with Iceni’s 14 Mile Well project.
Work from the CSIRO UFF+ soil program has identified a number of nickel and multi-element anomalies associated with mafic-ultramafic rocks within the 14 Mile Well project. These anomalies include:
- 14UF010 Christmas Gift – 2.5km long platinum, nickel and chrome anomaly.
- 14UF011 Granite Bore West – 4km long platinum, nickel and chrome anomaly.
- 14UF012 Granite Bore South – 1.5km long platinum, palladium and nickel anomaly.
- 14UF013 Bell Bird – 4.5km long platinum, nickel and chrome anomaly.
Figure 2 Location of Ni-Pt-Pd UFF+ soil anomalies within the 14 Mile Well project. Iceni’s project is situated withinthe infrastructure envelopes of the Murrin Murrin Ni project and the Kilkenny/Eucalyptus Ni project.
Lithium Geochemistry Targets
As a result of the UFF+ soils campaign a significant gold anomaly 14UF001 - Breakaway Well was discovered on the southwestern boundary of the project within the Monument Granite (in ASX release dated 1 October 2021).
Click here for the full ASX Release
This article includes content from Iceni Gold, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
ICL:AU
Angkor Resources: Unlocking Cambodia’s Resource Potential through Energy and Minerals Assets
Founded in 2009 and listed in 2011, Angkor Resources (TSXV:ANK,OTCQB:ANKOF) has developed a dual focus on energy and minerals across Asia and North America.
Angkor Resources is advancing a dual-track strategy across energy and minerals. In Canada, its subsidiary EnerCam Exploration generates revenue from oil production, water disposal, and gas processing, while also pioneering carbon capture and conversion solutions.
In Cambodia, subsidiary EnerCam Resources is driving the nation’s first-ever onshore oil and gas exploration on Block VIII, positioning the company for transformational growth. On the mineral side, Angkor is a first-mover in Cambodia’s underexplored belts, with licenses at Andong Meas and Andong Bor targeting both precious and base metals, where exploration has already confirmed copper porphyry systems and high-grade gold mineralization.
Angkor mitigates risk by diversifying revenue, combining recurring Canadian cash flow with high-impact exploration in Cambodia, where management prioritizes hydrocarbons and copper, highlighting 25 million recoverable barrels and significant copper-gold potential.
Company Highlights
- Diversified Energy & Mineral Portfolio: Exposure to high-impact oil and gas exploration in Cambodia (Block VIII), recurring energy revenues in Canada, and copper-gold porphyry systems with gold epithermal near-surface prospects in Cambodia.
- Near-term Catalysts:
- Results from copper porphyry in Cambodia within 30 to 60 days;
- Seismic completion and interpretation for drill targets on Block VIII within 90 days; and
- Acquisition of oil production for increased recurring revenue streams.
- Transformational Asset: Block VIII is Cambodia’s first onshore oil and gas exploration license, strategically located near export infrastructure. Potential minimum targets estimated at 25 to 50+ million recoverable barrels.
- Revenue-backed Model: EnerCam Canada provides recurring revenue streams via oil production, water disposal, gas processing, and carbon capture solutions, insulating Angkor from over-reliance on equity markets.
- Strong ESG Commitment: Recognized at the United Nations for sustainability, Angkor integrates carbon capture, community partnerships and environmental responsibility into every project.
- Aligned Shareholder Base: Over 40 percent insider ownership with regular insider buying, demonstrating management’s confidence in long-term growth.
This Angkor Resources profile is part of a paid investor education campaign.*
Click here to connect with Angkor Resources (TSXV:ANK) to receive an Investor Presentation
Angkor Resources
Investor Insight
Angkor Resources is an emerging energy and mineral development company blending traditional oil and gas with copper and gold exploration in Cambodia, while generating revenue through oil production and carbon capture projects in Canada. With over a decade of operational experience in Southeast Asia and a reputation for sustainable practices, the company is strategically positioned to deliver both growth and resilience for investors.
Company Highlights
- Diversified Energy & Mineral Portfolio: Exposure to high-impact oil and gas exploration in Cambodia (Block VIII), recurring energy revenues in Canada, and copper-gold porphyry systems with gold epithermal near-surface prospects in Cambodia.
- Near-term Catalysts:
- Results from copper porphyry in Cambodia within 30 to 60 days;
- Seismic completion and interpretation for drill targets on Block VIII within 90 days; and
- Acquisition of oil production for increased recurring revenue streams.
- Transformational Asset: Block VIII is Cambodia’s first onshore oil and gas exploration license, strategically located near export infrastructure. Potential minimum targets estimated at 25 to 50+ million recoverable barrels.
- Revenue-backed Model: EnerCam Canada provides recurring revenue streams via oil production, water disposal, gas processing, and carbon capture solutions, insulating Angkor from over-reliance on equity markets.
- Strong ESG Commitment: Recognized at the United Nations for sustainability, Angkor integrates carbon capture, community partnerships and environmental responsibility into every project.
- Aligned Shareholder Base: Over 40 percent insider ownership with regular insider buying, demonstrating management’s confidence in long-term growth.
Overview
Founded in 2009 and publicly listed in 2011, Angkor Resources (TSXV:ANK,OTCQB:ANKOF) has built a unique dual-focused enterprise across energy and minerals in Asia and North America.
On the energy side, the company is advancing acquisition of cash flow through oil production and carbon capture in Canada, and is poised for transformational growth through the first-ever onshore oil and gas exploration program in Cambodia. Its Canadian subsidiary, EnerCam Exploration, is already generating revenue from oil production, water disposal and gas processing, while also implementing carbon gas capture and conversion solutions for provincial markets. In Southeast Asia, Angkor’s Cambodian subsidiary, EnerCam Resources, is spearheading a national-scale initiative to bring Cambodia its first domestic hydrocarbon energy, with exploration activities underway on the company’s Block VIII concession.
On the mineral side, Angkor has positioned itself as a first-mover in Cambodia’s underexplored mineral belts, holding licenses at Andong Meas and Andong Bor. These projects target both precious and base metals, with copper porphyry systems and high-grade gold mineralization now confirmed through exploration results.
Angkor’s strategy is designed to mitigate shareholder risk by diversifying revenue streams, blending recurring Canadian cash flow with high-impact exploration upside in Cambodia. The company’s management emphasizes hydrocarbons and copper as priorities, noting the potential value of 25 million recoverable barrels in Cambodia alongside significant copper-gold discoveries.
Key Projects
Onshore Cambodia – Block VIII Oil & Gas Concession
Angkor’s flagship asset is Block VIII, a 4,300 sq km oil and gas concession in Cambodia’s underexplored onshore sedimentary basin. The license, structured under a 30-year Production Sharing Agreement with renewal options, represents the first onshore hydrocarbon exploration license in the country. Geoscientific studies conducted by Danish, Canadian and European experts have identified strong indications of a foreland basin system and rift formations with significant petroleum potential. Over 21 natural oil seeps have been mapped and testing of the seeps by Schlumberger confirms the presence of hydrocarbons. Gas showings are also evident across the block.
The block is ideally located adjacent to export infrastructure, close to port with highway access to Phnom Penh and proximity to a deepwater port. Cambodia currently imports all of its petroleum products, making Block VIII strategically important both nationally and regionally. EnerCam, Angkor’s subsidiary, is implementing Cambodia’s first onshore 2D EnviroVibe seismic program, designed to minimize environmental footprint while mapping structural traps and stratigraphic features.
Technical projections suggest that once commercial quantity of recoverable hydrocarbons is proven, Block VIII could host Cambodia’s first onshore oil production. Angkor’s phased development plan includes completing seismic interpretation, definition of drill targets or additional 3D seismic followed by stratigraphic test wells and eventual development drilling. This project is expected to be the company’s most significant value driver and is prioritized as its number one corporate focus.
Canadian Energy & Carbon Capture – EnerCam Exploration
In Canada, Angkor operates through EnerCam Exploration Canada, which is a 40 percent interest holder in oil production and carbon solutions across 30 well sites spanning 516 hectares in Saskatchewan. These wells, shut in since 2018 due to low oil prices and mismanagement by previous operators, have been systematically refurbished and restarted. EnerCam participates in the full production cycle, including oil recovery, water separation and gas handling.
A key milestone was the acquisition of the pipeline network and compressor station, which resolved historical venting issues and allowed EnerCam to capture associated gas. This gas is converted into natural gas energy and sold into provincial markets. Angkor’s Canadian revenue streams also include water disposal fees, gas plant operations, and oil production revenues, supplemented by ongoing carbon capture and enhanced recovery of water conversion and injection wells projects.
Angkor holds a 40 percent interest in oil and gas production ventures in Saskatchewan, ensuring a recurring revenue stream. This platform not only offsets G&A costs but also provides a foundation for emission control and potential for further gas capture with surrounding producers in the area.
Cambodia Mineral Properties – Copper and Gold Portfolio
Through its subsidiary Angkor Gold Cambodia, the company holds a strategic portfolio of copper and gold assets in prospective belts. These licenses include Andong Bor and Andong Meas.
The Andong Bor license has emerged as a cornerstone of Angkor’s mineral portfolio. In June 2025, the company confirmed the presence of a copper-gold porphyry system, the first discovery of its kind in Cambodia. This breakthrough positions the project as a potential district-scale copper-gold system. Further drilling is expected to test depth extensions and delineate mineralized zones.
At the Andong Meas license, exploration has revealed high-grade gold mineralization, with surface samples returning assays up to 70 grams per ton (g/t) gold across a 0.8 km by 1.5 km area. This anomaly remains largely untested by drilling and represents a significant near-term target for resource expansion.
Management Team
Delayne Weeks – CEO
With over 25 years of global development experience spanning finance, business development, economic development and ESG initiatives. She has spearheaded Angkor’s CSR programs in Cambodia, earning UN recognition for sustainability leadership. Weeks has overseen Angkor’s transition into energy and its expansion into cash-flowing operations.
Mike Weeks – President, Executive VP Operations
Brings over four decades of operational and executive experience in international resource projects. Mike Weeks is president of Angkor Gold Corp. Cambodia and EnerCam Resources Cambodia. He has had a long and successful career in the oil and gas industry with over 30 years’ experience in project management of petroleum-related industries. Weeks also spent more than 15 years negotiating with foreign governments in developing and implementing natural resource licenses. His experience includes oil production in North Africa, engineering and design in Europe, the development of gas processing facilities and field and plant operations in Canada. Weeks has worked with international oil and gas producers including AEC West, Wintershall, Zuetina, Encana and Amoco.
Dennis Ouellette – VP Exploration, Minerals
Professional geologist with over 40 years of exploration experience in Canada, Central America and Asia. Dennis Ouellette has been a federal geologist in the Yukon for over five years, overseeing the exploration and mining industry across the Yukon by all industry participants. He leads Angkor’s mineral exploration programs, including the copper porphyry discovery at Andong Bor and a second porphyry target on Andong Meas. Ouellette has worked in multiple Canadian provinces, Nevada and Guatemala, and was the industry advocate director for the Yukon Chamber of Mines and president of Yukon Prospectors Association
Keith Edwards – Technical Manager, EnerCam Resources Cambodia
Keith Edwards is a senior geophysicist with over 39 years’ experience in all aspects of geophysics, from acquisition through processing to interpretation. He is known for his proven innovative problem-solving capabilities in software development, consulting services, interpretation and management. Edwards spent 12 years at Kuwait Oil company mentoring junior staff and performing many quantitative seismic interpretation projects. He developed several MatLab applications for Seismic Facies Classification, VSP integration, 3D design and many others.