ActivEX (AIV) H2 2026 earnings summary

Executive summary

• Achieved significant progress in exploration, focusing on gold, rare earth elements (REE), and critical metals across Queensland tenements, with a robust portfolio of 8 granted EPMs and 3 applications covering 1,502 km².

• Announced a maiden JORC-compliant gold resource at Mt Hogan (8.5Mt @ 1.13g/t for 310K oz Au) through the Gilberton JV, with further drilling planned.

• Divested non-core assets, including the Esk Copper and Gold Project and Pentland Gold Project, to streamline focus on high-potential projects.

• Fully repaid loan facility to Star Diamond Developments Limited via asset transfer, leaving the group debt-free.

Financial highlights

• Operating loss before tax was $2,149,004, up 107% from $1,037,065 in the prior year.

• Impairment losses on exploration and evaluation assets totaled $2,615,754.

• Capitalised exploration expenditure for the year was $81,878, down from $191,152 last year.

• Raised $1.7 million (before costs) via placement of 97,012,884 shares.

• Cash and cash equivalents at year-end were $668,951; current assets totaled $691,065 and current liabilities $76,968.

• Net assets at year-end were $1,706,423.

Outlook and guidance

• Plans to advance mineral projects toward resource definition, with a focus on gold and critical metals.

• Further drilling at Mt Hogan and exploration at Georgetown, Aramac, and Westgrove REE projects are prioritized.

• Ongoing evaluation of divestment options for non-core assets and continued financial discipline.