Gold and critical metal Explorer ActivEX Limited to report encouraging high grade gold and base metal assays from sampling programs undertaken at the Forsayth Tenement within the Georgetown Projectlocated in North Queensland A total of 224 soil and 41 rock (including pegmatites) were collected with every second soil sample initially sent for gold and base metal analyses (111 samples). Results have been received from the ALS geochemistry laboratory in Townsville for the soil and rock sampled submitted. This grid based soil and rock sampling completed within the Forsayth tenement is a follow up to the initial exploration that resulted in high grade gold and base metal rock assays 1. Key assay highlights include 50% Fe, 5.75% Mn,1.27g/t Au, 7.4g/t Ag, 22.7% Fe, 486ppm Mn, 0.5% Pb and 255ppm Zn. Full assay highlights are referenced below. The Georgetown Gold and Lithium Project is situated within the Proterozoic Etheridge Province in northeast Queensland, approximately 400km west-northwest of Townsville and 80km north of the Gilberton Gold Project. The project comprises a granted and application area of 504.29 km2 with ActivEX Limited holding a 100% interest in all the tenements. One EPM application (Bridle Track, EPMA 28417) has been lodged in May 2022, which covers 100 sub-blocks. Historic data shows pegmatites were intersected in previous drill holes. However, no Au or Li has been assayed. Bridle Track is anticipated to be granted towards the first half of 2023. The Georgetown Project is in an area which is prospective for several metals, precious and base, in addition to critical metals (Cu, Ta, Nb, Co, Sn, W Li and Mn) over a wide range of deposit styles. The initial evaluation of the Georgetown Project was focussed on critical metals and gold potential, as evident by the numerous historical gold and silver workings. Results from the follow up surficial geochemical exploration included grid-based soil sampling (4 km2 grid with samples collected every 100m on 200m spaced E-W lines) and selected rock sampling to cover the area containing anomalous gold and base metal results from the initial sampling (ASX Announcement 4th July 2022) within the Forsayth tenement are shown in Figure 3 to 5. Significant gold and critical metal results obtained from several areas and extended the area of interest to 2 km as shown in Figure 3. The initial sampling included samples FYR010 to 015 that were taken from a small iron/manganese ridge over 40m in length. In the current exploration program further ironstones (locallygossanous) were located within the 2 km trend with two ironstones sampled returning 50% Fe and gossanous which
is a good sign of subsurface sulphide mineralisation.