X-ray fluorescence computed tomography (XFCT) as a molecular imaging modality can simultaneously identify the localization and quantify the concentration of high-atomic-number contrast agents such as gold nanoparticles (GNPs). Commonly used benchtop pencil-beam XFCT, consisting of a polychromatic x-ray source and a single-pixel spectrometer, suffers from long scanning time and high imaging dose. Sparse-view strategy benefits XFCT to reduce both scanning time and imaging dose. Nevertheless, its reconstruction undergoes ill-posedness induced by the compressive sampling. To preserve consistent imaging quality for sparse-view XFCT, we proposed an iterative Bayesian algorithm based on L1norm constraint, wherein the L1-norm regularization is included in the one-step-late expectation maximization (OSL-EM) algorithm with regularization parameter determined based on L-curve criteria. The proposed algorithm was verified by imaging a 3-cm-diameter water phantom with 4 inserts containing GNP solutions with concentrations of 0.02, 0.04, 0.08, and 0.16 wt.%, on an in-house-developed dual-modality transmission CT and XFCT system. Different numbers (i.e. 36, 18, 9, and 6) of projection views were used for XFCT reconstruction, to evaluate the performance of various reconstruction algorithms. L1-regularized EM algorithm demonstrated the consistent robustness to suppress background artifacts and localize lowconcentration GNPs (0.02 wt.%) with submillimeter accuracy, when the number of projection views reduces from 36 to 9. Moreover, our method's potential for small tumor spare-view XFCT imaging was validated on a mouse surgically implanted with a 6-mm GNP target. INDEX TERMS X-ray fluorescence computed tomography, Image reconstruction, Sparse projection view, Gold nanoparticles. Junwei Shi received his Ph.D. in Biomedical Engineering from Tsinghua University, China, in 2015. He is currently a Research Assistant Professor in Radiation Oncology Department at the University of Miami. His research interests include x-ray computed tomography, bioluminescence tomography, fluorescence molecular tomography, x-ray fluorescence computed tomography, MRI, reconstruction algorithm, and the application of multi-modality imaging in preclinical radiotherapy research. Daiki Hara is a PhD Candidate of Medical Physics in Biomedical Engineering Department at the University of Miami. His research interests include x-ray fluorescence computed tomography, MRI, and the development and application of active targeting nanoparticle in image-guided radiosensitization. Wensi Tao received his Ph.D. in Molecular Cell and Developmental Biology from University of Miami, in 2015. He is currently a Research Assistant Professor in Radiation Oncology Department at the University of Miami. His research focuses on developing clinically relevant prostate cancer models, such as patient derived xenograft, genetically modified animal models and 3D cancer spheroids for radiotherapy and prostate specific targeted therapy.