ActivEX (ASX:AIV) has acquired an additional exploration permit for minerals at its Aramac Project located in Central Queensland.
The expansion doubles the company's exploration footprint to 633km2, bolstering the prospect of discovering rare earth elements and base metals in the region.
The newly acquired permit, EPM 28645, targets REE within the basal Lower Cretaceous Wallumbulla Formation and base metals in the underlying Upper Jurassic Ronlow Beds.
Initial fieldwork has identified a 55km strike of kaolinitic sediments with promising REE potential, reinforced by geochemical sampling results.
"This is an exciting development for ActivEX," commented Mark Derriman, Managing Director, ActivEX. "The TREO analysis of 777ppm with EPM 28644 from only a handful of samples is very encouraging."
"Historical exploration has significantly targeted mineral sands within EPM 28645 with no exploration for REE or base metal mineralisation," Derriman added.
The exploration strategy for 2024/2025 involves conducting geological traverses and broad-spaced aircore drilling, to delineate potential drilling targets for further analysis.
Select rock samples will also undergo detailed geochemical studies.
ActivEX is a mineral exploration company focused on the acquisition, identification and delineation of mineral resource projects through active exploration.
Its portfolio is focused on precious and critical metal projects, with substantial tenement packages in both north and southeast Queensland.
At the time of reporting, ActivEX's share price was $0.0055.