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 2025.

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

• Extended $5 million loan facility with Star Diamond Developments to April 2027, with $2.64 million undrawn at year-end.

Financial highlights

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

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

• 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 the previous year-end.

• Cash and cash equivalents at year-end were $187,541.

Outlook and guidance

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

• Continued focus on copper/gold projects and joint ventures, with ongoing divestment of non-core assets.

• Exploration plans for 2025/2026 include further drilling at Gilberton, geochemical surveys at Aramac and Westgrove REE projects, and JV discussions for Esk and Georgetown projects.