# Quarterly Activities/Appendix 5B Cash Flow Report                                                                                                                  16 										                                             pages                                                                                       									                                                                                                                          1.5MB

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-5mb--ff14e2ef-88e1-49c8-b259-ee45b8f47ed8

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03118647

Publisher: asx

Original announcement: 2026-07-28T00:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-01T00:48:39.139Z

Atlas analysis updated: 2026-10-01T00:48:39.139Z

- Company: Exultant Mining Limited

- Ticker: 10X

- Exchange: ASX

- Region: New South Wales

- Primary commodity: Gold

- Secondary commodities: Silver, Copper, Zinc, Lead

- Document categories: Drill results, Other

- Extracted: 2026-10-01 00:48:39 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Exultant Mining Limited commenced its maiden 12-hole RC drilling program at the Balerion Prospect \(Peak View Project\) in NSW, with initial diamond drilling intersecting visual chalcopyrite, sphalerite, and galena mineralisation, confirming the geological model ahead of assay results. Additionally, post-quarter end, re-sampling of historical drill core at the Tuglow Copper Mines \(Black Hammer Project\) revealed previously unsampled gold and silver anomalism, alongside narrow base metal intervals, suggesting a broader mineralised system. The company also expanded its Black Hammer landholding with the grant of the Swatchfield licence.

Reasoning: Exultant Mining commenced maiden drilling at the Balerion Prospect with encouraging visual sulphide observations, and re-assayed historical core at Tuglow revealing previously unrecognized gold and silver anomalism, indicating exploration progress, though new assay results are pending for the current program.

- Positive factor: Maiden drilling commenced at a new prospect, Balerion.

- Positive factor: Visual sulphide mineralisation \(chalcopyrite, sphalerite, galena\) observed in new drill holes BLRCDD001 and BLRCDD002, supporting the geological model.

- Positive factor: Re-assay of previously unsampled historical core at Tuglow revealed gold and silver anomalism, suggesting a broader mineralised system.

- Positive factor: Expansion of the Black Hammer landholding with the grant of the Swatchfield licence.

- Negative factor: New drill results from Balerion are currently visual observations only; laboratory assays are pending.

- Negative factor: The reported gold and silver anomalism from Tuglow is from historical core re-assays, not new drilling, and grades are low.

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 19

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The announcement states that the information is compiled and reviewed by Sebastian Hind, a Member of the Australasian Institute of Mining and Metallurgy \(AusIMM\) and a Competent Person as defined by JORC Code 2012.

Evidence · text

> The information in this announcement that relates to Exploration Results is based on, and fairly represents, information compiled and reviewed by Sebastian Hind. Mr Hind is a senior geologist for Exultant Mining Limited and a Member of the Australasian Institute of Mining and Metallurgy \(Membership number 3116971\). Mr Hind has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(JORC Code\).

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: The intercepts PVI006 and PVI008 are explicitly referenced as being from a prior ASX announcement dated 7th May 2026, indicating they are not new results from this report.

Evidence · text

> 1 - See ASX 10X announcement "Drilling Approval Received &amp; High Priority Targets Finalised" - 7th May 2026

**Historical Estimate Only**

Polarity: negative

Story-specific tag

Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.

Why it applies: The gold and silver anomalism and base metal intervals from TDDH1 and TDDH2 are from previously unsampled historical drill core from 1974, not new drilling.

Evidence · text

> Subsequent to quarter end, Exultant received assay results from previously unsampled intervals of historic diamond drill core from the Tuglow Copper Mines within EL9826 at the Black Hammer Project. Sampling of 1974 Le Nickel drill core stored at the WB Clarke Geoscience Centre returned broad, low-grade gold and silver anomalism in TDDH1

**Maiden Drilling**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The document explicitly states that 'maiden drilling commenced at Balerion, marking the first systematic drill test of targets generated from Exultant’s modern integrated exploration programs'.

Evidence · text

> Maiden drilling commenced at Balerion, marking the first systematic drill test of targets generated from Exultant’s modern integrated exploration programs

**Apparent Width Only**

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: All reported drill intercepts are given as downhole lengths without any mention of true width or drill orientation relative to mineralisation.

Evidence · text

> 4.4m @ 342.7g/t Ag, 4% Pb, 1.1% Cu, 0.74g/t Au &amp; 0.84% Zn from 48.7m

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The planned drilling program at Balerion is designed to 'sharpen the remaining five holes onto the down-dip extensions of the historic high-grade intercepts'.

Evidence · text

> sharpen the remaining five holes onto the down-dip extensions of the historic high-grade intercepts

## Extracted facts

Stored fact records: 19. Some facts used in scoring do not have a stored record.

## Drill Results (19)

### PVI006

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-5mb--ff14e2ef-88e1-49c8-b259-ee45b8f47ed8#fact-drill-facts-0)

Peak View · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: PVI006
- Project: Peak View
- Commodity: silver
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: 10X

#### Geometry

- Grade: 342.7
- Grade Unit: g/t
- Intercept: 4.4 m
- From: 48.7 m
- To: 53.1 m
- Intercept Depth: 48.7 m

#### Classification

- Deposit Type: vms
- Program: exploration
- Sample Type: drill
- Group ID: PVI006:48.7-53.1
- Mining Method: underground

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-05-07T00:00:00.000Z

#### Dates

- Event date: 2026-07-28T00:00:00.000Z

Reasoning: This historical intercept shows a high silver grade over a good width, indicative of significant mineralisation in a VMS setting, though it is not a new result.

- Positive factor: High silver grade for a VMS deposit.

- Positive factor: Significant intercept length.

- Negative factor: Result is historical, not new.

Evidence · text

> PVI006 \(4.4m @ 342.7g/t Ag, 4% Pb, 1.1% Cu, 0.74g/t Au &amp; 0.84% Zn from 48.7m\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### PVI006

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-5mb--ff14e2ef-88e1-49c8-b259-ee45b8f47ed8#fact-drill-facts-1)

Peak View · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: PVI006
- Project: Peak View
- Commodity: lead
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: 10X

#### Geometry

- Grade: 4
- Grade Unit: %
- Intercept: 4.4 m
- From: 48.7 m
- To: 53.1 m
- Intercept Depth: 48.7 m

#### Classification

- Deposit Type: vms
- Program: exploration
- Sample Type: drill
- Group ID: PVI006:48.7-53.1
- Mining Method: underground

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-05-07T00:00:00.000Z

#### Dates

- Event date: 2026-07-28T00:00:00.000Z

Reasoning: This historical intercept shows a high lead grade over a good width, indicative of significant mineralisation in a VMS setting, though it is not a new result.

- Positive factor: High lead grade for a VMS deposit.

- Positive factor: Significant intercept length.

- Negative factor: Result is historical, not new.

Evidence · text

> PVI006 \(4.4m @ 342.7g/t Ag, 4% Pb, 1.1% Cu, 0.74g/t Au &amp; 0.84% Zn from 48.7m\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### PVI006

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-5mb--ff14e2ef-88e1-49c8-b259-ee45b8f47ed8#fact-drill-facts-2)

Peak View · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: PVI006
- Project: Peak View
- Commodity: copper
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: 10X

#### Geometry

- Grade: 1.1
- Grade Unit: %
- Intercept: 4.4 m
- From: 48.7 m
- To: 53.1 m
- Intercept Depth: 48.7 m

#### Classification

- Deposit Type: vms
- Program: exploration
- Sample Type: drill
- Group ID: PVI006:48.7-53.1
- Mining Method: underground

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-05-07T00:00:00.000Z

#### Dates

- Event date: 2026-07-28T00:00:00.000Z

Reasoning: This historical intercept shows a high copper grade over a good width, indicative of significant mineralisation in a VMS setting, though it is not a new result.

- Positive factor: High copper grade for a VMS deposit.

- Positive factor: Significant intercept length.

- Negative factor: Result is historical, not new.

Evidence · text

> PVI006 \(4.4m @ 342.7g/t Ag, 4% Pb, 1.1% Cu, 0.74g/t Au &amp; 0.84% Zn from 48.7m\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### PVI006

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-5mb--ff14e2ef-88e1-49c8-b259-ee45b8f47ed8#fact-drill-facts-3)

Peak View · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: PVI006
- Project: Peak View
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: 10X

#### Geometry

- Grade: 0.74
- Grade Unit: g/t
- Intercept: 4.4 m
- From: 48.7 m
- To: 53.1 m
- Intercept Depth: 48.7 m

#### Classification

- Deposit Type: vms
- Program: exploration
- Sample Type: drill
- Group ID: PVI006:48.7-53.1
- Mining Method: underground

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-05-07T00:00:00.000Z

#### Dates

- Event date: 2026-07-28T00:00:00.000Z

Reasoning: This historical intercept shows a good gold grade over a good width, indicative of significant mineralisation in a VMS setting, though it is not a new result.

- Positive factor: Good gold grade for a VMS deposit.

- Positive factor: Significant intercept length.

- Negative factor: Result is historical, not new.

Evidence · text

> PVI006 \(4.4m @ 342.7g/t Ag, 4% Pb, 1.1% Cu, 0.74g/t Au &amp; 0.84% Zn from 48.7m\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### PVI006

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-5mb--ff14e2ef-88e1-49c8-b259-ee45b8f47ed8#fact-drill-facts-4)

Peak View · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: PVI006
- Project: Peak View
- Commodity: zinc
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: 10X

#### Geometry

- Grade: 0.84
- Grade Unit: %
- Intercept: 4.4 m
- From: 48.7 m
- To: 53.1 m
- Intercept Depth: 48.7 m

#### Classification

- Deposit Type: vms
- Program: exploration
- Sample Type: drill
- Group ID: PVI006:48.7-53.1
- Mining Method: underground

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-05-07T00:00:00.000Z

#### Dates

- Event date: 2026-07-28T00:00:00.000Z

Reasoning: This historical intercept shows a good zinc grade over a good width, indicative of significant mineralisation in a VMS setting, though it is not a new result.

- Positive factor: Good zinc grade for a VMS deposit.

- Positive factor: Significant intercept length.

- Negative factor: Result is historical, not new.

Evidence · text

> PVI006 \(4.4m @ 342.7g/t Ag, 4% Pb, 1.1% Cu, 0.74g/t Au &amp; 0.84% Zn from 48.7m\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### PVI008

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-5mb--ff14e2ef-88e1-49c8-b259-ee45b8f47ed8#fact-drill-facts-5)

Peak View · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: PVI008
- Project: Peak View
- Commodity: zinc
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: 10X

#### Geometry

- Grade: 22
- Grade Unit: %
- Intercept: 0.8 m
- From: 152.6 m
- To: 153.4 m
- Intercept Depth: 152.6 m

#### Classification

- Deposit Type: vms
- Program: exploration
- Sample Type: drill
- Group ID: PVI008:152.6-153.4
- Mining Method: underground

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-05-07T00:00:00.000Z

#### Dates

- Event date: 2026-07-28T00:00:00.000Z

Reasoning: This historical intercept shows an exceptionally high zinc grade, indicative of very strong mineralisation in a VMS setting, though it is not a new result and is narrow.

- Positive factor: Exceptional zinc grade for a VMS deposit.

- Positive factor: High-grade intercept.

- Negative factor: Result is historical, not new.

- Negative factor: Narrow intercept length.

Evidence · text

> PVI008 \(pictured: 0.8m @ 22% Zn, 11.6% Pb, 1.2% Cu, 155g/t Ag, 0.5g/t Au from 152.6m1\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### PVI008

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-5mb--ff14e2ef-88e1-49c8-b259-ee45b8f47ed8#fact-drill-facts-6)

Peak View · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: PVI008
- Project: Peak View
- Commodity: lead
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: 10X

#### Geometry

- Grade: 11.6
- Grade Unit: %
- Intercept: 0.8 m
- From: 152.6 m
- To: 153.4 m
- Intercept Depth: 152.6 m

#### Classification

- Deposit Type: vms
- Program: exploration
- Sample Type: drill
- Group ID: PVI008:152.6-153.4
- Mining Method: underground

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-05-07T00:00:00.000Z

#### Dates

- Event date: 2026-07-28T00:00:00.000Z

Reasoning: This historical intercept shows an exceptionally high lead grade, indicative of very strong mineralisation in a VMS setting, though it is not a new result and is narrow.

- Positive factor: Exceptional lead grade for a VMS deposit.

- Positive factor: High-grade intercept.

- Negative factor: Result is historical, not new.

- Negative factor: Narrow intercept length.

Evidence · text

> PVI008 \(pictured: 0.8m @ 22% Zn, 11.6% Pb, 1.2% Cu, 155g/t Ag, 0.5g/t Au from 152.6m1\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### PVI008

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-5mb--ff14e2ef-88e1-49c8-b259-ee45b8f47ed8#fact-drill-facts-7)

Peak View · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: PVI008
- Project: Peak View
- Commodity: copper
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: 10X

#### Geometry

- Grade: 1.2
- Grade Unit: %
- Intercept: 0.8 m
- From: 152.6 m
- To: 153.4 m
- Intercept Depth: 152.6 m

#### Classification

- Deposit Type: vms
- Program: exploration
- Sample Type: drill
- Group ID: PVI008:152.6-153.4
- Mining Method: underground

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-05-07T00:00:00.000Z

#### Dates

- Event date: 2026-07-28T00:00:00.000Z

Reasoning: This historical intercept shows a strong copper grade, indicative of significant mineralisation in a VMS setting, though it is not a new result and is narrow.

- Positive factor: Strong copper grade for a VMS deposit.

- Positive factor: High-grade intercept.

- Negative factor: Result is historical, not new.

- Negative factor: Narrow intercept length.

Evidence · text

> PVI008 \(pictured: 0.8m @ 22% Zn, 11.6% Pb, 1.2% Cu, 155g/t Ag, 0.5g/t Au from 152.6m1\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### PVI008

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-5mb--ff14e2ef-88e1-49c8-b259-ee45b8f47ed8#fact-drill-facts-8)

Peak View · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: PVI008
- Project: Peak View
- Commodity: silver
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: 10X

#### Geometry

- Grade: 155
- Grade Unit: g/t
- Intercept: 0.8 m
- From: 152.6 m
- To: 153.4 m
- Intercept Depth: 152.6 m

#### Classification

- Deposit Type: vms
- Program: exploration
- Sample Type: drill
- Group ID: PVI008:152.6-153.4
- Mining Method: underground

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-05-07T00:00:00.000Z

#### Dates

- Event date: 2026-07-28T00:00:00.000Z

Reasoning: This historical intercept shows a strong silver grade, indicative of significant mineralisation in a VMS setting, though it is not a new result and is narrow.

- Positive factor: Strong silver grade for a VMS deposit.

- Positive factor: High-grade intercept.

- Negative factor: Result is historical, not new.

- Negative factor: Narrow intercept length.

Evidence · text

> PVI008 \(pictured: 0.8m @ 22% Zn, 11.6% Pb, 1.2% Cu, 155g/t Ag, 0.5g/t Au from 152.6m1\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### PVI008

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-5mb--ff14e2ef-88e1-49c8-b259-ee45b8f47ed8#fact-drill-facts-9)

Peak View · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: PVI008
- Project: Peak View
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: 10X

#### Geometry

- Grade: 0.5
- Grade Unit: g/t
- Intercept: 0.8 m
- From: 152.6 m
- To: 153.4 m
- Intercept Depth: 152.6 m

#### Classification

- Deposit Type: vms
- Program: exploration
- Sample Type: drill
- Group ID: PVI008:152.6-153.4
- Mining Method: underground

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-05-07T00:00:00.000Z

#### Dates

- Event date: 2026-07-28T00:00:00.000Z

Reasoning: This historical intercept shows a moderate gold grade, indicative of significant mineralisation in a VMS setting, though it is not a new result and is narrow.

- Positive factor: Moderate gold grade for a VMS deposit.

- Positive factor: High-grade intercept.

- Negative factor: Result is historical, not new.

- Negative factor: Narrow intercept length.

Evidence · text

> PVI008 \(pictured: 0.8m @ 22% Zn, 11.6% Pb, 1.2% Cu, 155g/t Ag, 0.5g/t Au from 152.6m1\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### TDDH1

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-5mb--ff14e2ef-88e1-49c8-b259-ee45b8f47ed8#fact-drill-facts-10)

Black Hammer · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TDDH1
- Project: Black Hammer
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: 10X

#### Geometry

- Grade: 0.18
- Grade Unit: g/t
- Intercept: 21.1 m
- From: 3.4 m
- To: 24.5 m
- Intercept Depth: 3.4 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TDDH1:3.4-24.5
- Mining Method: unknown

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-07-21T00:00:00.000Z

#### Dates

- Event date: 2026-07-28T00:00:00.000Z

Reasoning: This re-assay of historical core reveals new gold anomalism over a broad interval, suggesting potential for a broader mineralised system, despite the low grade.

- Positive factor: New gold anomalism identified from historical core.

- Positive factor: Broad intercept length.

- Negative factor: Low gold grade.

- Negative factor: Result is from historical core re-assay, not new drilling.

Evidence · text

> 21.1m @ 0.18g/t Au and 2.1g/t Ag from 3.4m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### TDDH1

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-5mb--ff14e2ef-88e1-49c8-b259-ee45b8f47ed8#fact-drill-facts-11)

Black Hammer · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TDDH1
- Project: Black Hammer
- Commodity: silver
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: 10X

#### Geometry

- Grade: 2.1
- Grade Unit: g/t
- Intercept: 21.1 m
- From: 3.4 m
- To: 24.5 m
- Intercept Depth: 3.4 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TDDH1:3.4-24.5
- Mining Method: unknown

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-07-21T00:00:00.000Z

#### Dates

- Event date: 2026-07-28T00:00:00.000Z

Reasoning: This re-assay of historical core reveals new silver anomalism over a broad interval, suggesting potential for a broader mineralised system, despite the low grade.

- Positive factor: New silver anomalism identified from historical core.

- Positive factor: Broad intercept length.

- Negative factor: Low silver grade.

- Negative factor: Result is from historical core re-assay, not new drilling.

Evidence · text

> 21.1m @ 0.18g/t Au and 2.1g/t Ag from 3.4m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### TDDH1

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-5mb--ff14e2ef-88e1-49c8-b259-ee45b8f47ed8#fact-drill-facts-12)

Black Hammer · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TDDH1
- Project: Black Hammer
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: 10X

#### Geometry

- Grade: 0.26
- Grade Unit: g/t
- Intercept: 4.5 m
- From: 20 m
- To: 24.5 m
- Intercept Depth: 3.4 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TDDH1:20-24.5
- Mining Method: unknown

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-07-21T00:00:00.000Z

#### Dates

- Event date: 2026-07-28T00:00:00.000Z

Reasoning: This re-assay of historical core reveals new gold anomalism over a moderate interval, suggesting potential for a broader mineralised system, despite the low grade.

- Positive factor: New gold anomalism identified from historical core.

- Positive factor: Moderate intercept length.

- Negative factor: Low gold grade.

- Negative factor: Result is from historical core re-assay, not new drilling.

Evidence · text

> 4.5m @ 0.26g/t Au and 4.7g/t Ag from 20.0m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### TDDH1

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-5mb--ff14e2ef-88e1-49c8-b259-ee45b8f47ed8#fact-drill-facts-13)

Black Hammer · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TDDH1
- Project: Black Hammer
- Commodity: silver
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: 10X

#### Geometry

- Grade: 4.7
- Grade Unit: g/t
- Intercept: 4.5 m
- From: 20 m
- To: 24.5 m
- Intercept Depth: 3.4 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TDDH1:20-24.5
- Mining Method: unknown

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-07-21T00:00:00.000Z

#### Dates

- Event date: 2026-07-28T00:00:00.000Z

Reasoning: This re-assay of historical core reveals new silver anomalism over a moderate interval, suggesting potential for a broader mineralised system, despite the low grade.

- Positive factor: New silver anomalism identified from historical core.

- Positive factor: Moderate intercept length.

- Negative factor: Low silver grade.

- Negative factor: Result is from historical core re-assay, not new drilling.

Evidence · text

> 4.5m @ 0.26g/t Au and 4.7g/t Ag from 20.0m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### TDDH1

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-5mb--ff14e2ef-88e1-49c8-b259-ee45b8f47ed8#fact-drill-facts-14)

Black Hammer · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TDDH1
- Project: Black Hammer
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: 10X

#### Geometry

- Grade: 0.33
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 24 m
- To: 24.5 m
- Intercept Depth: 3.4 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TDDH1:24-24.5
- Mining Method: unknown

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-07-21T00:00:00.000Z

#### Dates

- Event date: 2026-07-28T00:00:00.000Z

Reasoning: This re-assay of historical core reveals new gold anomalism, contributing to the understanding of the mineralised system, despite the low grade and narrow width.

- Positive factor: New gold anomalism identified from historical core.

- Negative factor: Low gold grade.

- Negative factor: Narrow intercept length.

- Negative factor: Result is from historical core re-assay, not new drilling.

Evidence · text

> 0.5m @ 0.33g/t Au &amp; 1.29% Zn from 24m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### TDDH1

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-5mb--ff14e2ef-88e1-49c8-b259-ee45b8f47ed8#fact-drill-facts-15)

Black Hammer · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TDDH1
- Project: Black Hammer
- Commodity: zinc
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: 10X

#### Geometry

- Grade: 1.29
- Grade Unit: %
- Intercept: 0.5 m
- From: 24 m
- To: 24.5 m
- Intercept Depth: 3.4 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TDDH1:24-24.5
- Mining Method: unknown

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-07-21T00:00:00.000Z

#### Dates

- Event date: 2026-07-28T00:00:00.000Z

Reasoning: This re-assay of historical core reveals new zinc anomalism, contributing to the understanding of the mineralised system, despite the low grade and narrow width.

- Positive factor: New zinc anomalism identified from historical core.

- Negative factor: Low zinc grade.

- Negative factor: Narrow intercept length.

- Negative factor: Result is from historical core re-assay, not new drilling.

Evidence · text

> 0.5m @ 0.33g/t Au &amp; 1.29% Zn from 24m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### TDDH2

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-5mb--ff14e2ef-88e1-49c8-b259-ee45b8f47ed8#fact-drill-facts-16)

Black Hammer · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TDDH2
- Project: Black Hammer
- Commodity: zinc
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: 10X

#### Geometry

- Grade: 3.05
- Grade Unit: %
- Intercept: 0.35 m
- From: 45.2 m
- To: 45.55 m
- Intercept Depth: 45.2 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TDDH2:45.2-45.55
- Mining Method: unknown

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-07-21T00:00:00.000Z

#### Dates

- Event date: 2026-07-28T00:00:00.000Z

Reasoning: This re-assay of historical core reveals new zinc mineralisation, contributing to the understanding of the mineralised system, despite the narrow width.

- Positive factor: New zinc mineralisation identified from historical core.

- Negative factor: Narrow intercept length.

- Negative factor: Result is from historical core re-assay, not new drilling.

Evidence · text

> 0.35m @ 3.05% Zn &amp; 0.14% Pb from 45.2m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### TDDH2

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-5mb--ff14e2ef-88e1-49c8-b259-ee45b8f47ed8#fact-drill-facts-17)

Black Hammer · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TDDH2
- Project: Black Hammer
- Commodity: lead
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: 10X

#### Geometry

- Grade: 0.14
- Grade Unit: %
- Intercept: 0.35 m
- From: 45.2 m
- To: 45.55 m
- Intercept Depth: 45.2 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TDDH2:45.2-45.55
- Mining Method: unknown

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-07-21T00:00:00.000Z

#### Dates

- Event date: 2026-07-28T00:00:00.000Z

Reasoning: This re-assay of historical core reveals new lead mineralisation, contributing to the understanding of the mineralised system, despite the low grade and narrow width.

- Positive factor: New lead mineralisation identified from historical core.

- Negative factor: Low lead grade.

- Negative factor: Narrow intercept length.

- Negative factor: Result is from historical core re-assay, not new drilling.

Evidence · text

> 0.35m @ 3.05% Zn &amp; 0.14% Pb from 45.2m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### TDDH2

[Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-5mb--ff14e2ef-88e1-49c8-b259-ee45b8f47ed8#fact-drill-facts-18)

Black Hammer · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TDDH2
- Project: Black Hammer
- Commodity: copper
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: 10X

#### Geometry

- Grade: 1.7
- Grade Unit: %
- Intercept: 0.2 m
- From: 54.1 m
- To: 54.3 m
- Intercept Depth: 45.2 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TDDH2:54.1-54.3
- Mining Method: unknown

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2026-07-21T00:00:00.000Z

#### Dates

- Event date: 2026-07-28T00:00:00.000Z

Reasoning: This re-assay of historical core reveals new copper mineralisation, contributing to the understanding of the mineralised system, despite the narrow width.

- Positive factor: New copper mineralisation identified from historical core.

- Negative factor: Narrow intercept length.

- Negative factor: Result is from historical core re-assay, not new drilling.

Evidence · text

> 0.2m @ 1.7% Cu from 54.1m3

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.
