ActivEX Limited (ASX:AIV): Queensland Exploration Progress Across Gold and Critical Minerals

Sonal Goyal

02 November 2026 10:57 PM AEDT

ActivEX Limited (ASX:AIV): Queensland Exploration Progress Across Gold and Critical Minerals

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Highlights

ActivEX continued exploration across its Queensland gold and critical minerals portfolio in the September 2026 quarter.
Georgetown work included rock sampling at historical workings across six exploration tenements.
Phase 1 soil sampling at Aramac investigated a base-metal target near the Dunns Road prospect.
The company announced a Mt Hogan Gold Project resource increase in October 2026.
Quarter-end cash was reported at $442,000, with additional funding being considered.

ActivEX Limited identifies, evaluates and explores precious and critical mineral prospects across Queensland. Its activities span gold projects and targets for base metals and rare earth elements. During 2026, ActivEX Limited (ASX:AIV) advanced field investigations at Georgetown and Aramac, continued work associated with Mt Hogan and disclosed its latest operational and funding position in its September-quarter activities report.

Georgetown Sampling Tests Historical Mineral Prospects

The Georgetown Gold and Critical Metals Project remained an active exploration area during the quarter ended 30 September 2026. ActivEX Limited (ASX:AIV) reported receiving assays from a targeted surface rock-sampling program directed at historical workings across six tenements. It submitted 41 samples for analysis.

The company also compiled historical exploration information alongside available geophysical data to identify areas for further investigation. Its stated 2026–27 program included additional surface geochemistry where transported sand cover permits, geological mapping, ground geophysics and reverse-circulation drilling of selected targets. These are exploration plans, not production.

Exploration samples from isolated surface occurrences cannot establish the scale, continuity or economic viability of a deposit. Further drilling is needed to test continuity.

Aramac Work Examines Base-Metal Anomalies

At its Aramac Base Metal Project, ActivEX Limited (ASX:AIV) completed the first phase of grid-based soil sampling near the Dunns Road prospect. The sampled area covered the northern eight kilometres of a reported 55-kilometre target zone. Field readings indicated elevated responses for several elements, including cobalt and zinc, around a geochemical anomaly.

Samples were sent for laboratory geochemical testing, with results to be reported after receipt. The company was also considering a drone magnetic survey over part of the target zone. These tests do not yet establish an economic resource.

Mt Hogan Update and Project Priorities

ActivEX Limited (ASX:AIV) identified its Mt Hogan Gold Project as another component of its Queensland work program. On 19 October 2026, the company released an announcement titled “Mt Hogan Gold Project Resource Increase”. The announcement followed the September quarter.

The September-quarter report also discussed the Gilberton Gold Project, which includes Mt Hogan, although it reported no new Gilberton field activity during that quarter. The resource announcement followed the quarter. Further project updates will be needed to assess any changes to development priorities and the technical work required.

Funding Position and Exploration Risks

ActivEX Limited (ASX:AIV) reported cash of $442,000 at 30 September 2026. In the same quarterly disclosure, management said it was considering arrangements for an additional Capital raising to support ongoing operations. Exploration programs involve spending before commercial revenues are established, making the timing and availability of finance relevant to the pace of fieldwork.

Other uncertainties include geological continuity, laboratory results, access to remote sites and the cost of future drilling. A positive surface result does not necessarily translate into a mineral resource, and any later development would require additional technical, environmental and financial assessment.

Key Insights

ActivEX Limited (ASX:AIV) entered the final months of 2026 with several distinct exploration workstreams: Georgetown surface sampling, Aramac base-metal investigation and a separate Mt Hogan resource announcement. Its September-quarter report also highlighted a limited cash balance and consideration of further funding. Further progress depends on technical results and funding.

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