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ACTIVEX LIMITED

ASX: AIV

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

ActivEX Limited is a Brisbane based exploration company committed to the acquisition, identification and delineation of new resource projects through active exploration. The ActivEX portfolio is focused on copper and gold projects with other attractive base and precious metal properties or cash flow opportunities also considered. As a result of these activities the Company has recently purchased the Lake Chandler Potash deposit in Western Australia, an advanced exploration project.

Lake Chandler Potash Project

    * 100% owned by ActivEX Limited
    * Granted Mining Lease
    * Salt lake accumulations of alunite (potassium aluminium sulphate)
    * Worked for Potash in the 1940s
    * Extensive drilling 1980s - inferred resources, JORC compliant
    * Extensive bench scale testing already completed and in progress
    * Scoping Study extended, seeking cost savings and simplification of the processing flow sheet

Cloncurry District Projects

    * Targeting Iron Oxide Copper Gold (IOCG) style mineralisation and Skarn style copper, cobalt, gold, molybdenum mineralisation
    * Targeting structure related gravity, magnetic and conductivity targets
    * Two granted Exploration Permits at Florence
    * Mt Agate joint venture with Carpentaria Exploration Limited
    * Four EPM applications in the area south of Cloncurry focusing on the Florence Project
    * EPM Application - Selwyn East area, immediately east of Merlin
    * EPM Applications in prospective areas at Bulonga and Robur
    * Cloncurry district has a history of major exploration successes including significant recent discoveries at Rocklands, Kalman, Swan/Mt Elliott, Merlin/Mt Dore, Lanhams and Starra

South East Queensland

    * Targeting large scale porphyry copper-gold-molybdenum style mineralisation, and
    * Targeting high grade moderate scale epithermal gold-silver targets
    * Similarities to Macquarie Arc of NSW where over 50 million ounces of gold and associated copper has been discovered in the last 25 years
    * Ten granted EPMs
    * Farm in to Barambah Project well advanced

Far North Queensland

Highly prospective ground has been targeted by ActivEX in the north Queensland region where large intrusive related gold deposits such as Charters Towers (7 million ounces), Mt Leyshon, Kidston, and Ravenswood (each +3 million ounces) and high grade epithermal gold deposits such as Vera Nancy (2.8 million ounces) and Mt Carlton (+1 million ounces) are well known.

ActivEX continues its philosophy of building a portfolio of high quality ground in very prospective areas such as Far North Queensland, principally seeking deposit styles with significant tonnage potential and hence longevity.

The Company has been active in this area since inception through the Pentland Project and during the 2010 year has applied for highly prospective ground in the Gilberton and Ravenswood areas. Two of the Ravenswood areas are priority applications with the third area being a competitive application. Application areas at Gilberton are competitive. Competitive applications may or may not be granted to ActivEX.

At Pentland, the Company is in joint venture with China Yunnan Copper Australia Limited and is targeting porphyry or intrusive related copper-gold-molybdenum style mineralisation. A deep drilling program was completed in 2010.

The Ravenswood and Gilberton Projects are in gestational stage with EPMs yet to be granted. Compilation work and intial targeting is in progress. Further details of these areas will be released in due course.

Mine For

gold, copper, potash, molybdenum

Location of operation(s)

Queensland, Western Australia

Address

117 Quay Street
BRISBANE, QLD, AUSTRALIA

Phone

(07) 3236 4188

Email

Website


Last Updated

25/04/2014

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.

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