Highlights

  • ActivEX is evaluating near-term gold extraction potential at the historic Mount Hogan open pit in Queensland.
  • Georgetown Gold Project covers extensive tenements in the prolific Etheridge Goldfield of northern Queensland.
  • Coalition Creek hosts elevated lithium and tantalum anomalies in pegmatite swarms, prompting maiden drill planning.
  • The company also holds copper tenements in Cloncurry and critical mineral ground in central Queensland.

ActivEX Ltd (ASX:AIV) advanced its dual-track precious and critical mineral exploration strategy in late September 2026 following the release of its FY26 Annual Report. Technical programmes focused on evaluating near-term gold extraction potential at the historic Mount Hogan open pit within the Georgetown Gold Project, alongside systematic exploration of Coalition Creek lithium-tantalum tenements in north Queensland, establishing an expansive regional discovery portfolio.

Corporate Structure and Exploration Asset Footprint

ActivEX is an Australian mineral exploration company listed on the ASX (ASX:AIV), dedicated to discovering economic mineral deposits across prospective geological provinces in Queensland. The company targets historical mining districts that display unrecognised modern resource scale.

The cornerstone of the gold portfolio is the Georgetown Gold Project, covering extensive tenements in the Etheridge Goldfield of northern Queensland. Additionally, ActivEX holds the Coalition Creek Lithium-Tantalum Project in the Forsayth sub-province, prospective copper tenements in Cloncurry, and critical mineral ground in central Queensland.

Gold and Critical Minerals — Strategic Roles

Gold is the historical and immediate commercial driver. Operating in the Etheridge Goldfield — which has produced substantial alluvial and reef gold since the late nineteenth century — the company seeks to define shallow, open-pittable resources that can be commercialised rapidly without excessive capital outlays.

Gold occurs in quartz veins, stockworks, and altered granite envelopes. Strong international gold pricing makes lower-grade, near-surface mineralisation commercially viable. The company's exploration for lithium, tantalum, and copper provides strategic optionality in critical minerals vital for clean energy technologies, battery storage, and advanced semiconductor manufacturing.

Exploration Progress at Georgetown and Coalition Creek

A key catalyst has been the technical re-evaluation of the Mount Hogan gold deposit. Historic mining extracted high-grade ore from shallow open pits, leaving substantial mineralised haloes unmined. Management completed historical data compilation, metallurgical leach reviews, and geological modelling to assess the viability of restarting shallow mining and heap-leach processing.

Geochemical reconnaissance across Coalition Creek confirmed elevated lithium and tantalum anomalies in pegmatite swarms, prompting planning for maiden drill testing to identify spodumene-bearing lithium systems capable of expanding the company's strategic asset footprint.

Trading Performance and Financial Snapshot

At the close of 2 October 2026, ActivEX shares closed unchanged at $0.018 with no shares traded on the day. Market capitalisation was $5.63 million.

Over the trailing 12 months, shares experienced a minor decline of -5.26%. This consolidation reflects broader liquidity challenges across micro-cap exploration juniors, with investors awaiting physical drilling announcements, resource estimates, and formal project joint venture agreements.

Key Catalysts and Material Exploration Risks

Near-term catalysts include commercialisation pathway announcements for the Georgetown gold assets, potential joint venture partnerships, and assay results from upcoming fieldwork at Coalition Creek.

ActivEX has no commercial production revenue and is dependent on equity capital markets to fund field activities, exposing shareholders to potential dilution. Exploration risks are substantial, as mineralisation may fail to demonstrate economic continuity or metallurgical recovery. Additional risks include remote site logistics, seasonal wet weather disruptions, and tight secondary market trading liquidity.