Highlights

  • Georgetown rock chips returned up to 14.4 g/t Au and 150 g/t Ag at the Comet Prospect.
  • Phase 1 soil sampling at Aramac covered the northern 8 km of a 55 km target zone, with results pending.
  • Statutory agreements for the Westgrove REE applications are finalised, awaiting grant.
  • Cash was $442,000 at quarter end, and the company plans a capital raising.

ActivEX Limited (ASX:AIV) has released its quarterly activities and cash flow report for the period ended 30 September 2026. The Queensland-focused explorer reported high-grade rock chip results at Georgetown, early-stage work at Aramac and progress on its Westgrove rare earth applications.

Georgetown Gold and Critical Metals Project

At the 100%-owned Georgetown project in North Queensland, 41 rock samples were assayed by ALS Townsville. Highlights included 14.4 g/t Au and 150 g/t Ag at the Comet Prospect (Bridle Creek) and 5.81 g/t Au and 221 g/t Ag at the Tambo–Mountain Creek Prospect (Leichardt Creek). Other results included 7.32 g/t Au at Stockman.

Southern Geoscience Consultants has begun AI-based prospectivity modelling and target generation. Planned work for 2026/2027 includes soil sampling, ground geophysics and RC drilling.

Aramac and Westgrove Projects

At the Aramac Base Metal and REE project in Central Queensland, Phase 1 grid soil sampling covered the northern 8 km of a 55 km target zone, with 101 soil and 7 rock samples sent to ALS. A petrology report described one sample as goethitic gossan, a possible surface expression of sulphide mineralisation. Results are pending, and a drone magnetic survey is under consideration.

For the Westgrove Rare Earth Elements project, all statutory agreements for the three EPM applications have been finalised, and the company is awaiting a grant decision from the Queensland government. There was nothing to report for the Gilberton Gold joint venture during the quarter.

Cash Position and Corporate

ActivEX held $442,000 in cash at quarter end, down from $669,000. Net operating cash outflow was $165,000 and exploration investment was $62,000, with no financing flows. Payments to related parties of $62,000 covered director fees.

The estimated funding runway is 1.95 quarters. Management expects operating outflows to fall after recent exploration and plans a capital raising, which it considers achievable. The company has 312,515,461 shares on issue.

Key Takeaways

  • Georgetown delivered several high-grade gold and silver rock chip results.
  • Aramac soil results are pending after identifying a possible gossan.
  • Westgrove REE applications are awaiting a Queensland government grant decision.
  • With limited cash, a capital raising is planned to fund ongoing exploration.