ActivEX (AIV) Q4 2025 earnings summary

Executive summary

• Announced maiden gold resource at Gilberton: 8.5Mt @ 1.13g/t Au for 310,000oz; drilling to recommence late Q3/early Q4 2025.

• Expanded Westgrove REE Project to 820km² with new tenement applications; early-stage work underway.

• Continued data compilation and target generation at Georgetown Gold and Critical Metals Project; initial exploration planned.

• Finalised landholder agreements for Aramac REE Project; exploration to commence late 2025.

• Esk Copper & Gold Project under review by third parties; no field exploration this quarter.

Financial highlights

• Cash at 30 June 2025: $188,000; net cash outflow from operations for the quarter: $525,000.

• Drew down $550,000 from loan facility, with $350,000 used for interest repayment.

• Remaining undrawn loan facility: $2.6 million under $5 million Star Diamond facility.

• Payments to related parties (director fees): $46,000 for the quarter.

• Estimated 5.2 quarters of funding available based on current cash and facilities.

Outlook and guidance

• Drilling at Gilberton Gold Project to recommence late Q3/early Q4 2025, focusing on high-grade zones.

• Westgrove REE Project to advance with geological mapping, soil sampling, and aircore drilling.

• Aramac REE Project to begin surface exploration in late 2025, with aeromagnetic survey pending grant approval.

• Esk Copper & Gold Project being considered for farm-out or JV; discussions ongoing.