ActivEX Limited has released details of a maiden gold resource estimate from its historic Mt Hogan deposit, part of the Gilberton joint venture project with Gilberton Gold Pty Ltd. The new JORC-compliant estimate reports an Inferred Mineral Resource of approximately 8.5 million tonnes grading 1.13g/t gold, which equates to around 310,000 ounces of gold at a cutoff grade of 0.3g/t. The resource estimate, developed by WA‐based consultant Auspin Exploration and Drilling Pty Ltd, followed three phases of RC and core drilling conducted from 2021 to 2024, with the most recent RC drilling program completed in November 2023. The deposit sits along a defined 8km gold mineralised trend in northeast Queensland and is hosted within the Devonian Mt Hogan Granite—a geological setting which also includes historical production and several other gold mining centres in the area. High-grade gold intersections have been recorded, with assays reaching up to 40.5g/t gold in open pit face sampling. Technical reviews of drilling data, variography, and grade distribution analysis were conducted using industry-standard methodologies and software packages. The extensive report highlights key technical indicators, such as drillhole spacing, variogram models, and block model parameters, and describes the continuity of the shallow, stacked mesothermal quartz-sulphide veins that host the mineralisation. Looking ahead, Gilberton Gold Pty Ltd will assume management of operations with further RC and core drilling planned to commence in late Q3 2025. The company’s strategic focus on sustainability and innovative exploration methods is expected to enhance shareholder value, as it transitions from initial resource delineation to advancing the mine toward economic extraction. The mineral resource estimate has been prepared under rigorous QAQC protocols, and the data has been confirmed to align with JORC guidelines, ensuring technical robustness even at this early stage. Bullish sentiment from the announcement stems from the significant inferred resource size and high-grade intercepts that point to promising expansion potential in an established gold district, combined with ongoing support from a well-regarded JV partner. In contrast, bearish concerns revolve around the inherent uncertainties of an inferred category resource and the challenges of converting early exploration success into economically sustainable mining operations. For beginner traders, while the technical details indicate a strong exploration framework, the transition to production and market realization remains a future challenge subject to further drilling results and operational progress.