ActivEX Unveils 310,000oz Gold Resource and Expands Rare Earth Footprint in Queensland

• Maiden gold resource estimate of 310,000oz at Gilberton Gold Project
• Expansion of Westgrove Rare Earth Elements project to 820 km² with new tenements
• Planned recommencement of drilling at Gilberton in late Q3/early Q4 2025
• $188,000 cash on hand with $2.6 million remaining loan facility
• Ongoing exploration and geological studies across multiple Queensland projects

Exploration Milestones at Gilberton

ActivEX Limited (ASX – AIV) has delivered a significant update for the quarter ended 30 June 2025, highlighted by the announcement of a maiden gold resource estimate at its Gilberton Gold Project in North Queensland. The JORC-compliant resource totals 8.5 million tonnes at 1.13 grams per tonne gold, equating to approximately 310,000 ounces. This milestone marks a pivotal step in ActivEX’s efforts to define a commercially viable gold deposit within a historically productive region.

The Gilberton project, situated about 300 kilometres west-northwest of Townsville, benefits from geological similarities to the nearby world-class Kidston gold-silver deposit. The company plans to resume drilling operations in late Q3 or early Q4 2025, focusing on the southern margin of the Mt Hogan Granite where high-grade gold mineralisation has been identified. Previous drilling has returned impressive intercepts, including 5 metres at 13 grams per tonne gold and individual assays exceeding 50 grams per tonne.

Rare Earth Element Ambitions Expand

Beyond gold, ActivEX is advancing its rare earth element (REE) exploration footprint in Queensland. The Westgrove REE Project has grown substantially with the acceptance of two new tenement applications; Warrong and Maranoa; bringing the total area to 820 square kilometres. These tenements target the Westgrove Ironstone Member, an Early Triassic ferruginous sedimentary unit considered highly prospective for REE mineralisation, including critical elements like yttrium and dysprosium.

ActivEX has commenced early-stage work at Westgrove, including reviewing historical seismic and gas exploration data, while awaiting formal grant of the tenements. The company’s strategic focus on REEs aligns with growing global demand for these critical minerals, vital for clean energy technologies and advanced electronics.

Broader Project Portfolio and Financial Position

In addition to Gilberton and Westgrove, ActivEX is progressing exploration at several other Queensland projects, including the Aramac REE Project, Georgetown Gold and Critical Metal Project, Esk Copper and Gold Project, and the Pentland Gold Project. Notably, the Aramac project is preparing for surface exploration activities in late 2025, targeting ionic clay-style REE deposits within the Eromanga Basin.

Financially, the company reported a cash balance of $188,000 at quarter’s end and drew $550,000 from its $5 million loan facility provided by Star Diamond Developments Limited. Of this, $350,000 was allocated to interest repayments, leaving approximately $2.6 million in undrawn credit. Director fees paid during the quarter amounted to $46,000. The company’s available funding is estimated to support operations for just over five quarters at current expenditure levels.

Outlook and Strategic Considerations

ActivEX’s recent resource announcement and expansion of REE tenements underscore its dual focus on gold and critical minerals, positioning the company to capitalize on evolving market dynamics. The recommencement of drilling at Gilberton later this year will be closely watched for further resource definition and potential project advancement. Meanwhile, the company’s broadening REE portfolio reflects a strategic pivot towards minerals essential for future technologies.

However, the relatively modest cash position and reliance on loan facilities highlight the importance of prudent financial management and potential capital raising to sustain exploration momentum. The company’s ongoing negotiations regarding its joint venture interests, particularly at the Pentland Gold Project, will also influence its asset base and strategic direction.

Bottom Line?

ActivEX’s maiden gold resource and REE project expansion set the stage for a critical phase of exploration and capital management.

Questions in the middle?

• What results will the upcoming Gilberton drilling campaign yield, and how might they impact resource estimates?
• When will the Westgrove REE tenements be formally granted, and what initial exploration results can be expected?
• How will ActivEX manage its funding requirements given its current cash position and loan facility usage?