ActivEX (AIV) Q4 2024 earnings summary

Executive summary

• Identified significant uranium and rare earth element (REE) targets at Gilberton Gold Project, with notable geochemical results and drilling intercepts.

• Granted EPM28644 for Aramac REE Project, enabling advanced exploration; promising TREO and base metal results from initial sampling.

• Disposed of subsidiary ActivEx Canning Pty Ltd for $75,000, providing additional working capital.

• Star Diamond Developments extended the $5M loan facility maturity to April 2026, enhancing liquidity.

Financial highlights

• Cash at 30 June 2024 was $53,000, with $2.84M undrawn from a $5M loan facility.

• Net cash used in operating activities for the quarter was $(107,000); year-to-date $(612,000).

• Net cash from investing activities for the quarter was $42,000, including $75,000 from subsidiary disposal.

• Payments to related parties totaled $36,000 for director fees during the quarter.

Outlook and guidance

• Planned detailed mapping, sampling, and drilling at Aramac and Gilberton projects to test mineralisation continuity.

• Broad-spaced aircore drilling and geochemical surveys scheduled for Aramac REE and base metal targets.

• Georgetown Project to undergo project-wide prospectivity analysis and geochemical exploration.