Iceni Gold Limited has identified 7 key high priority target areas at the ~600km tenement package around 14 Mile Well, situated on the western side of Lake Carey, ~50km from Laverton WA. The Company announced that drilling has recommenced for the 2022 exploration campaign on the 14 Mile Well Project. Drilling for 2021 concluded on 17 December while the geological field crew continued work to 23 December, after the Christmas break site works recommenced on 6 January 2022.

Two Diamond Drilling (DD) rigs mobilized to site earlier this week, with drilling commencing on 11 January. The first DD rig will complete the current program at Danjo NE before moving to the Claypan target area. The second DD rig will commence drilling for the 2022 field season at the Everleigh Well target area.

The Air Core (AC) rig is scheduled to commence work on 16 January and complete drilling the current program at the TOTK target area. Drilling is planned for an targeted 25,000m of DD and 100,000m of AC drilling this year. Assay labs continued processing Ultra Fine Fraction (UFF+) soil, rock chip and drill core samples throughout December.

Drill core processing at the Company's Kalgoorlie yard continued up to 23 December 2021 and recommenced on 4 January 2022. Assay results are expected to be available for eleven diamond drill holes on the Deep Well target (FMW44) in January. During 2022 DD is planned to test the Danjo NE prospect, Claypan UFF Au soil anomaly, Claypan alteration anomaly, Claypan Banded Iron Formation target, several Everleigh Well UFF Au soil anomalies, new geophysical targets at Everleigh Well, and also test the large East Well UFF Au, UFF soil anomaly.

The AC drilling in 2022 is scheduled to test the TOTK prospect, Danjo NE prospect, Everleigh target area, Claypan target area, Guyer trend, Deep Well East and the East Well UFF Au anomaly.