ActivEX : Lithium & Critical Metal Assays from Gilberton Project

only ASX Code: AIV

useIssu d Capital

216,202,577 ordinary shares (AIV)

Market Capitalisation

$6.49M (5th June 2022, $0.030)

Directors

personalMin Y ng (Chairman, NED)

M rk Derriman (Managing Director) Geoff Baker (NED)

Do gmei Ye (NED)

Andrew Bald (NED)

L uis Chien (Alternate Director to Min Yang)

About ActivEX

ActivEX Limited is a minerals xploration company committed

to the acquisition, identification, and delineation of new resource

rojects through active exploration.

ForThe ActivEX portfolio is focused n g ld copper and critical metal

pr jects, with substantial tenement packages in the north and southeast Queensland.

Suite 2, 3B Macquarie Street

Sydney, NSW 2000

[e-mail]

www.activex.com.au

Phone [phone]

ABN 11 113 452 896

LITHIUM & CRITICAL METAL ASSAYS FROM GILBERTON PROJECT

Encouraging Lithium and Critical Metal Assays from Dividend Gully

6th July 2022

Summary and Highlights

• 8 rock samples collected across the Dividend Gully historical bismuth, gold and tantalum alluvial site near the Percy River. Key results outlined

below:

1012 ppm Li2O, 45.9ppm Cs and 0.14% Ba 406ppm Li2O, 5.5ppm Cs and 580ppm Ba

52.6 Ag, 1.6% Bi, 0.4% Cu, 52.5ppm Mo, 22.9ppm Te and 0.25% Pb Cs(Caesium), Ba(Barium), Te (Tellurium), Mo(Molybdenum), Bi(Bismuth), Li2O(Lithium Oxide) and Pb (Lead)

• Elevated Lithium assays in pegmatites and adjacent mica-rich metasediment
• 4,200m drill program completed at the Mount Hogan gold project (Results to be announced in early July) with 200m core drilling program to commence in late July

Gold Copper and Lithium explorer ActivEX Limited (ASX: AIV) ("ActivEX" or "the Company") is pleased to provide the results from the LCT (Lithium Caesium Tantalum) sampling program recently undertaken at Dividend Gully, which hosts the historical bismuth gold and tantalum prospect that sits within the Gilberton project in North Queensland.

A total of 8 rock samples from Dividend Gully were submitted to ALS geochemistry in Townsville for multi-element geochemistry testing, with key results highlighted in this announcement.

Follow-up surface exploration is planned for early August.

Managing Director Mark Derriman commented: "The completion of our first round of lithium and other critical metal sampling marks an exciting step forward at Gilberton, which is prospective for gold, lithium and other critical metals. Dividend Gully is within the Mountain Maid Metallogenic Province and is one of a number of unexplored historic tantalum occurrences at Gilberton which will now be tested for lithium and other critical metal mineralisation. The Mountain Maid Metallogenic Province is also significantly prospective for gold, with several gold-in-rock assays > 10g/t. Alongside those studies, ActivEX has completed 4,200m of Reverse Circulation Drilling at the Mt Hogan Gold Prospect and will commence a 200m diamond core drill program in late July which is expected to provide valuable lithostructural information Updated drill results for the first half of the drilling program Mt Hogan gold prospect are also expected in the coming week."

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ENCOURAGING CRITICAL METAL ASSAYS FROM THE GILBERTON PROJECT

GILBERTON GOLD, LITHIUM and other CRITICAL METALS PROJECT - North Queensland (Figure 1) only(EPMs 18615, 18623, 26232 and 26307 - ActivEX 100%)

ActivEX is pleased to provide an update on the multi-phase exploration program at its Gilberton project in north-east Queensland.

In addition to the gold focus at Gilberton, several unexplored historic gold bismuth and tantalum occurrences are currently being evaluated for LCT (Lithium Caesium Tantalum) mineralisation. To that end, eight samples were collected and submitted for geochemical analyses at the Townsville ALS Geochemical Laboratory (refer ASX Announcement 6 June 2022), with the results now outlined in this announcement.

useThe Dividend Gully and Sandy Grant Creek Alluvials Prospects are located in the north of EPM18615 of Gilberton Project (Figure 2). These 2 prospects form part of Mountain Maid metallogenic camp (Figure 2 and 3) with host rocks comprising Digger Creek Granite (medium to coarse grained granite with muscovite pegmatite phases) and the Daniel Creek Formation comprising mica schist, phyllite and gneiss, within a large roof pendant over the Robin Hood Granodiorite (see Photos 1 to 3 below).

The pegmatites, which are the focus of the lithium exploration, are hosted within the Daniel Creek Formation. The

most significant lithium result (1012ppm Li O) came from a sample of micaceous schist (Daniel Creek Formation)

personal 2Photos 1 to 3

with a nearby fine grained felsic intrusive (Digger Creek Leucogranite) returning 358 ppm Li2O ().

In addition, a sample of gossanous vein quartz returned 1.6% Bi, 52.6ppm Ag, 0.4% Cu and 0.25% Pb (Figure 4). In the field, several E-W and NNE-SSW pegmatite dykes were also observed intruding into the Daniel Creek Formation at the two prospects.

L oking ahead, further surficial geochemical sampling will be carried out at the Dividend Gully Prospect and across the broader Mountain Maid Metallogenic Camp, with its known gold potential (Figure 3)

Al o at Gilberton, drilling is underway at ActivEX's Mt Hogan Gold Prospect, where the Company is testing a 7km geochemical trend at 100-200ppb Au comprising sericite/chlorite altered Mt Hogan Granite with multiple flat dipping au iferous quartz lodes. A 4,200m RC program has been completed (refer ASX Announcement 23 June 2022) with initial results expected next week. A 200m diamond core program is expected to commence in late July

For

This announcement is authorised by the Board of ActivEX Limited

For further information contact:

Mr Mark Derriman, Managing Director

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For personal use only

ENCOURAGING CRITICAL METAL ASSAYS FROM THE GILBERTON PROJECT

Figure 1. ActivEX Limited Queensland

Projects and tenements

Figure 2 - Gilberton Project showing the various metallogenic camps, non-operational mines and the Divided Gully Prospect - The Mt Hogan EMP is in red

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ENCOURAGING CRITICAL METAL ASSAYS FROM THE GILBERTON PROJECT

For personal use only

Figure 3 - Mountain Maid Metallogenic Camp showing Au in rocks chips, geological interpretation and Dividend

Gully Prospect

Figure 4 - Dividend Gully Prospect showing elevated Li2O in samples MHRS08,07and 06, along with sample MHRS03 which showed elevated levels of base metals.

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4 7.1 8 0.4 15.8 15.1 16.3 22

Nb

APPENDIX 1: DECLARATIONS UNDER 2012 JORC CODE

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Photo1 Dividend Gully Pegmatite and Photo 2(BL) Dividend Gully Mica Schist - MHRS08 1,102ppm Li2O and
Leucogranite - MHRC07 - 358ppm Li2O
								Table 1. Dividend Gully rock chip sampling
ample ID	MGA94_E	MGA94_N	Ag	Be	Bi	Cd	Ce	Cs	Cu	Ga	In	La	Li
MHRS01	784315	7891915	0.8	0.83	0.19	0.03	0.96	5.8	5.5	4.7	0.012	0.6	10.6
MHRS02	784448	7891983	0.12	2.68	1.66	0.04	2.33	18.65	61.3	9.33	0.03	2	33.1
MHRS03	784446	7891985	52.6	20.3	15950	0.52	24.8	16.85	3960	12.1	1.815	25.1	26.6
MHRS04	784453	7891988	5.69	2.32	187	0.09	4.38	1.28	339	1.46	0.445	3	9.1
MHRS05	784458	7892034	1.21	2.39	2020	0.1	0.94	10.95	5.3	13.85	0.028	0.7	69.5
MHRS06	784412	7891945	1.34	5.34	534	0.04	4.67	51.5	133	23.6	0.107	2.5	188.5
MHRS07	784378	7891896	0.46	23.4	5.62	0.61	94.5	50.2	648	21.8	0.049	24.7	166.5
MHRS08	784366	7891897	0.01	14.1	7.76	0.06	78.4	45.9	9.8	42.1	0.124	51.5	470
personal

Photo 3 (BR) Digger Creek

result (selected elements)
Pb	Rb	Sb	Sc	Sr	Ta
31.1	50.3	0.68	0.6	2.2	0.82
9.8	132.5	0.25	2.1	5	1.17
2480	118.5	9.74	2.9	82.6	1.77
50.5	10	2.25	0.5	15.4	0.07
16	171.5	0.44	1.1	3.9	5.93
83	364	0.37	4.5	9.8	1.56
66.4	243	2.79	13.6	155.5	1.36
11.6	387	0.2	12.6	31	1.49

The information in this report which relates to Exploration Results is based on information reviewed by Mr. Mark Derriman, who is a member of ForThe Australian Institute of Geoscientists (1566) and Mr. Xusheng Ke, who is a Member of the Australasian Institute of Mining and Metallurgy

(310766) and a Member of the Australian Institute of Geoscientists (6297).

Mr. Mark Derriman and Mr. Xusheng Ke have sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activities which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.

Mr. Mark Derriman and Mr. Xusheng Ke consent to the inclusion of his name in this report and to the issue of this report in the form and context in which it appears.

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