ActivEX Completes 5,000m Drilling, Raises $900k, Ends Quarter with $98k Cash

Capital Raising and Financial Position

ActivEX Limited (ASX, AIV) has successfully completed two placements during the December 2025 quarter, raising a total of $900,000. The funds were secured through placements to True Creation Limited and Business Victor Investments Limited, priced at $0.016 per share. These proceeds are earmarked for advancing exploration activities and supporting general working capital needs.

Despite the capital raise, the company reported a modest cash balance of $98,000 at the end of the quarter. ActivEX also holds an unsecured loan facility of $5 million with Star Diamond Developments Limited, whose repayment terms were amended in December 2025 to allow repayment via cash or asset transfers. This facility provides the company with additional financial flexibility, with nearly $2.9 million of unused funds available.

Exploration Progress at Key Projects

The quarter saw significant exploration activity, notably the completion of a 5,000-metre Reverse Circulation (RC) drilling program at the Gilberton Gold Project in North Queensland. This program aims to expand the existing Mineral Resource Estimate of 310,000 ounces of gold. Samples from this drilling have been submitted to ALS Laboratory, with assay results expected in the first quarter of 2026, which will be critical in assessing the project's potential.

At the Westgrove Rare Earth Elements (REE) Project, located in Central Queensland, Native Title Exploration Agreements with the Wardingarri and Gungarri Aboriginal Corporations are nearing execution. These agreements are a prerequisite for the grant of exploration permits, anticipated shortly, enabling the commencement of geological mapping and shallow drilling targeting REE mineralisation within the Westgrove Ironstone Member.

Meanwhile, the Georgetown Gold and Critical Metals Project remains under review as ActivEX seeks joint venture partners or potential sale opportunities. An Information Memorandum has been distributed to potential investors, highlighting several high-priority gold and base metal targets identified through extensive historical data compilation and geophysical analysis.

Advancing Base and Critical Metals Exploration

Exploration planning is underway for the Aramac Rare Earth Element and Base Metal Project in Central Queensland, with surface geochemical sampling and geological mapping scheduled for the first half of 2026. The project targets ionic clay-style REE deposits and base metals such as zinc and cobalt, supported by recent petrological analysis indicating potential sulphide mineralisation.

In Southeast Queensland, the Esk Copper and Gold Project is being reviewed by interested parties, with the company focusing on identifying high-priority porphyry copper and epithermal gold targets. Discussions with potential joint venture partners continue, reflecting a strategic approach to advancing non-core assets.

Outlook and Strategic Focus

ActivEX's diversified portfolio across gold, rare earth elements, and base metals positions it well to capitalise on evolving market demands for critical minerals. The company’s strategy to leverage capital raising, manage debt facilities prudently, and pursue joint ventures or asset sales aims to optimise funding allocation towards its highest-potential projects.

With assay results pending from recent drilling and exploration permits expected to be granted soon, the coming quarters will be pivotal in validating resource expansions and advancing project development. Investors will be watching closely for updates on exploration outcomes and strategic partnerships that could unlock further value.