ACTIVEX LIMITED — Interim / Quarterly Report 2009

Oct 28, 2009

Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.

Name of entity

	Name	of entity	of entity	of entity
		ACTIVEX LIMITED
	ABN			Quarter ended (“current quarter”)
		11 113 452 896		30 SEPTEMBER 2009
	Consolidated statement of cash flows
Cash flows related to operating activities			Current quarter$A’000		Year to date$A’000
1.1		Receipts from product sales and related debtors
1.2		Payments for(a) exploration and evaluation		(75)	(75)
		(b) development
		(c) production
		(d) administration		(66)	(66)
1.3		Dividends received
1.4		Interest and other items of a similar naturereceived		4	4
1.5		Interest and other costs of finance paid
1.6		Income taxes paid
1.7		Other (provide details if material)
		Net Operating Cash Flows		(137)	(137)
		Cash flows related to investing activities
1.8		Payment for purchases of: (a)prospects
		(b)equity investments
		(c) other fixed assets		(1)	(1)
1.9		Proceeds from sale of:(a)prospects
		(b)equity investments
		(c)other fixed assets
1.10		Loans to other entities
1.11		Loans repaid by other entities
1.12		Other (provide details if material)
		Net investing cash flows		(4)	(4)
1.13		Total operating and investing cash flows (carriedforward)		(138)	(138)

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

1.13	Total operating and investing cash flows (broughtforward)	(138)	(138)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc.	1,025	1,025
1.15	Proceeds from sale of forfeited shares
1.16	Proceeds from borrowings
1.17	Repayment of borrowings
1.18	Dividends paid
1.19	Other:
	Cost of share issue	(123)	(123)
	Net financing cash flows	902	902
	Net increase (decrease) in cash held	764	764
1.20	Cash at beginning of quarter/year to date	109	109
1.21	Exchange rate adjustments to item 1.20	-	-
1.22	Cash at end of quarter	873	873

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

		Current quarter
		$A'000
1.23	Aggregate amount of payments to the parties included in item 1.2	40
1.24	Aggregate amount of loans to the parties included in item 1.10	Nil
1.25	Explanation necessaryfor an understandingof the transactions
	Executive Director salary and accrual - $30,000
	Services byentityassociated with non-executive director -$10,000

Non-cash financing and investing activities

2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

nil

• 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

nil

Financing facilities available

Add notes as necessary for an understanding of the position.

		Amount available	Amount used
		$A’000	$A’000
3.1	Loan facilities	Nil	Nil
3.2	Credit standby arrangements	Nil	Nil

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

Estimated cash outflows for next quarter

Estimated cash outflows for next quarter
4.1Exploration and evaluation4.2Development	$A’000
	300
	Nil
Total	300

Reconciliation of cash

Reconciliation of cash
Reconciliation of cash at the end of the quarter (asshown in the consolidated statement of cash flows) to therelated items in the accounts is as follows.	Current quarter$A’000	Previous quarter$A’000
5.1Cash on hand and at bank5.2Deposits at call5.3Bank overdraft5.4Other (provide details)	873	109
Total: cash at end of quarter(item 1.22)	873	109

Changes in interests in mining tenements

6.1Interests in miningtenements relinquished,reduced or lapsed6.2Interests in miningtenements acquired orincreased	Tenementreference	Nature of interest(note (2))	Interest atbeginningofquarter	Interest atend ofquarter

• See chapter 19 for defined terms.

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Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

7.1Preference+securities(description)7.2Changes during quarter(a) Increases through issues(b) Decreases through returns ofcapital,buy-backs,redemptions7.3+Ordinary securities7.4Changes during quarter(a) Increases through issues(b) Decreases through returns ofcapital,buy-backs7.5+Convertible debt securities(description)7.6Changes during quarter(a) Increases through issues(b) Decreases through securitiesmatured,converted	Totalnumber61,992,33320,503,611	NumberquotedIssue price persecurity(seenote 3) (cents)Amount paid up persecurity (see note 3)(cents)61,992,33320,503,611	NumberquotedIssue price persecurity(seenote 3) (cents)Amount paid up persecurity (see note 3)(cents)61,992,33320,503,611	NumberquotedIssue price persecurity(seenote 3) (cents)Amount paid up persecurity (see note 3)(cents)61,992,33320,503,611
7.7Options (description andconversion factor)Listed OptionsUnlisted Staff OptionsUnlisted Staff OptionsUnlisted OptionsUnlisted Staff OptionsUnlisted Staff Options7.8Issued during quarter7.9Exercised during quarter7.10Expired duringquarter	15,797,362450,000150,000750,000200,000600,000	15,797,362nilnilnilnilnil	Exercise price8 cents25 cents25 cents12 cents15 cents12 cents	Expiry date31 July 201018 December 201131 August 201230 September 201030 November 201331 December 2013
	15,806,612	15,806,612
	9,250	9,250
7.11Debentures(totals only)
7.12Unsecured notes(totals only)

Compliance statement

1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4).

• 2 This statement does /does not* (delete one) give a true and fair view of the matters disclosed.

==> picture [110 x 35] intentionally omitted <==

Sign here: ............................................................ Date: 30 November 2009 (Director/Company secretary)

Print name: Paul Crawford

• See chapter 19 for defined terms.

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Notes

• 1 The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

• 2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

• 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities .

• 4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.

• 5 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

== == == == ==

• See chapter 19 for defined terms.

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