ActivEX (AIV) Q1 2026 earnings summary

Executive summary

• Commenced a 5,000m RC drilling program at Gilberton Gold Project to increase the Mineral Resource Estimate, with a maiden JORC-compliant resource of 8.5Mt @ 1.13g/t Au for 310,000oz Au established earlier in the year.

• Finalised sale of 49% interest in Pentland Gold Project for $49,000, reallocating funds to key projects.

• Progressed Native Title agreements for Westgrove REE Project, enabling imminent grant of tenements and start of exploration.

• Georgetown Gold and Critical Metals Project marketed for JV or sale, with high-priority targets identified.

Financial highlights

• Cash at quarter end was $202,000, up from $188,000 at the start of the quarter.

• Net cash used in operating activities was $(473,000) for the quarter.

• Net cash from investing activities was $37,000, including proceeds from the Pentland sale.

• Net cash from financing activities was $450,000, reflecting new borrowings.

• Payments to related parties totaled $28,000, representing director fees.

Outlook and guidance

• Estimated quarters of funding available is 4.88, based on current cash and undrawn loan facilities.

• Exploration to commence at Aramac REE and Westgrove REE projects upon finalisation of land access and tenement grants.

• Ongoing focus on advancing high-priority gold and REE targets and seeking JV or sale opportunities for non-core assets.