ActivEX Limited's quarterly performance update

ActivEX (ASX:AIV), a gold and critical minerals exploration company, has released its quarterly cash flow and activities report for the period ending 30 September 2024. The report highlights significant exploration activities, particularly at the Gilberton Gold Project and Aramac REE and Base Metal Project, alongside a detailed financial overview.

ActivEX's strategic exploration and financial outlook

ActivEX Limited has engaged in considerable exploration activities over the past quarter, with a new joint venture at the Gilberton Gold Project allowing for increased funding and exploration capacity. The company has initiated drilling at Mt Hogan and planned future activities at the Aramac REE and Base Metal Project. Financially, ActivEX maintains a cash position of $462,000 and has access to a loan facility, ensuring adequate resources for ongoing projects. The company is prioritizing core assets while exploring potential partnerships or divestments for non-core projects, emphasizing its commitment to sustainable and innovative exploration in the critical metals sector.

Executive insights on ActivEX's progress

A new joint venture with HK Create Capital Investment Group Ltd marks a significant step forward for the Gilberton Gold and Critical Metals Project. This partnership allows us to leverage external capital to further our exploration efforts. Our strategic focus remains on advancing key projects in North and Southeast Queensland, targeting both gold and critical minerals.