ActivEX (ASX:AIV) shares jumped 60% in recent trade as it announced its future exploration plans.
These include detailed mapping and sampling at the Aramac rare earth projects and drilling to test the depth and continuity of mineralization at the Gilberton project, according to a Monday filing with the Australian bourse.
The company also reported a decline in cash and cash equivalents for the quarter ended June 30 to AU$53,000 from the previous quarter's AU$118,000, with spending going toward staff costs and administration and corporate costs.
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