ActivEX (AIV) H2 2025 earnings summary

Executive summary

• Achieved significant strategic progress in exploration, focusing on critical minerals such as rare earth elements, uranium, and gold, despite challenging market conditions.

• Announced a maiden JORC-compliant gold resource at Gilberton Gold Project (8.5Mt @ 1.13g/t for 310K oz Au); further drilling planned for late Q3 2025.

• Expanded Aramac REE Project footprint to 632 km², advancing exploration for rare earth and base metal targets.

• Divested non-core assets, including the sale of a 49% interest in the Pentland Gold Project for $49,000.

• Maintained a $5 million loan facility, with $2.64 million undrawn, supporting ongoing exploration.

Financial highlights

• Operating loss before tax for FY2025 was $1,037,065, a 61% decrease from the prior year’s $2,700,814 loss.

• Capitalised exploration expenditure for the year was $191,152, down from $398,753 in FY2024.

• Impairment losses on held-for-sale non-current assets totaled $464,599; interest expense was $259,423.

• Net assets at 30 June 2025 were $2,189,084, down from $3,226,149 at 30 June 2024.

• No dividends declared or paid during the year.

Outlook and guidance

• Priorities include advancing mineral projects toward resource definition and maintaining financial discipline.

• Continued focus on copper/gold projects and the Gilberton Gold JV; further divestment of non-core assets planned.

• Ongoing exploration at Aramac and Westgrove REE projects, with new drilling and geochemical surveys scheduled.