ActivEX Limited announced the compilation of all existing geophysical data at its Esk Copper-Gold project by expert consulting group RAMA geoscience has now been completed. RAMA has identified several compelling drill targets for the Booubyjan prospect at Esk, which have been selected for further definition through advanced 3D modelling of the geophysics, in conjunction with existing drill data. Discussions are progressing well with Adrok regarding the deployment of their cutting-edge geophysical technology for the next phase of exploration.

The use of Adrok's Atomic Dielectric Resonance (ADR) `V-Bore' technology is particularly well suited to the porphyry copper-gold systems at Booubyjan as well as Coalstoun, another prospect at Esk which contains an Inferred Mineral Resource of 26.9Mt @ 0.38% Cu. The Company is also assessing the use-case for V-Bore technology for untested CSAMT (controlled-source audio-frequency magnetotellurics) targets at depths of +400m for Barambah - ActivEX's low sulphidation gold prospect that sits within the broader Esk project. The deployment of Adrok's technology marks an important step forward for ActivEX's exploration targeting program at Booubyjan and Coalstun, which are both indicative of further Cu-Au mineralisation at depth.

Four 100% ActivEX Limited owned EPMs. Coalstoun copper deposit total Inferred Mineral Resource of 26.9Mt @ 0.38% Cu (for 102,700t Cu contained); including a supergene copper Inferred Mineral Resource of 7.0Mt @ 0.47% Cu (for 32,700t Cu contained) in the partially oxidised zone. Barambah gold-silver deposit total Inferred Mineral Resource of 363,000t @ 1.47g/t Au and 61.8g/t Ag. Shallow, high-grade supergene copper with further potential to upgrade and extend.

Significant gold and silver intersections from the previous drilling, including: 2m @ 15.96 g/t Au and 1,556 g/t Ag. 17.15m @ 4.98g/t Au and 118 g/t Ag. 25m @ 0.61 g/t Au and 208 g/t Ag.

Associated gold and copper breccia systems and epithermal gold systems. Potential for high-grade, skarn-related copper. The Esk Copper and Gold project is hosted to mineralisation with similarities to many High-K Calc- alkalic to Alkalic Porphyry copper-gold deposits, near-surface supergene copper deposits, as well as the potential for breccia-pipe hosted gold-copper deposits. CSAMT profiling indicates a favourable geological zone, l o c a t e d 150 metres below t h e current drilling depth, may host significant mineralisation, marked by a horizon of conductivity.

Repetitive vertical zones of mineralisation are well known in other deposits (e.g. Cracow and Pajingo) which are located in close proximity, and could expand the deposit's resource potential by several orders of magnitude. The conductive zone is ActivEX Limited's highest-priority exploration target. Outcropping, epithermal-style veins have also been identified elsewhere in the project area, namely the Penwhaupell and Aranbanga prospects.

Exploration at these prospects has been limited to rock chip sampling, geological mapping, and a small amount of drilling, thus significant potential remains.