Quarterly Activities/Appendix 5B Cash Flow Report 16 pages 1.8MB
Original announcement by asx on
- Company
- Exultant Mining Limited
- Ticker
- 10X
- Exchange
- ASX
- Region
- New South Wales
- Primary commodity
- Gold
- Secondary commodities
- Silver, Lead, Copper, Zinc
- Document categories
- Drill results, Other
- Extracted
- 2026-10-01 00:53:39 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Exultant Mining Limited reported significant exploration progress during the March 2026 quarter, highlighted by very high-grade rock chip results including 50.9 g/t gold and 339 g/t silver. The company defined a large 900m polymetallic soil anomaly with VMS characteristics at Peak View and successfully completed geophysical surveys to refine high-priority drill targets. These results have materially upgraded the prospectivity of the Peak View Project, with maiden drilling planned to commence soon, supported by a healthy cash balance of A$3.785M.
Reasoning: Exultant Mining reported exceptional high-grade rock chip results for gold and silver, coupled with successful geophysical surveys that have defined multiple high-priority drill targets, significantly advancing the prospectivity of its Peak View Project towards maiden drilling.
Positive factors
- Very high-grade gold rock chip results (up to 50.9 g/t Au)
- High-grade silver rock chip results (339 g/t Ag)
- Large, coherent polymetallic soil anomaly defined (900m Cu-Pb-Zn-Ag-Au)
- Successful geophysical surveys (IP, gravity) refining drill targets
- VMS characteristics confirmed at Peak View
- Multiple priority drill targets identified
- Strong cash position for continued exploration
Negative factors
- Rock chip samples are selective and do not establish grade continuity
- No drill results yet, still early-stage exploration
- Land access negotiations ongoing for Black Hammer Project
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 7
Classification and evidence
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: 50.9 g/t Au exceeds 5 g/t exceptional threshold for gold.
Evidence · text
“High-grade gold rock chip results of up to 50.9g/t Au”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release includes a Competent Person statement in accordance with 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).”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: 12.6 g/t Au exceeds 5 g/t exceptional threshold for gold.
Evidence · text
“including 50.9g/t Au, 12.6g/t Au, 8.4g/t Au and 6.4g/t Au.”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: 8.4 g/t Au exceeds 5 g/t exceptional threshold for gold.
Evidence · text
“including 50.9g/t Au, 12.6g/t Au, 8.4g/t Au and 6.4g/t Au.”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: 6.4 g/t Au exceeds 5 g/t exceptional threshold for gold.
Evidence · text
“including 50.9g/t Au, 12.6g/t Au, 8.4g/t Au and 6.4g/t Au.”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: 339 g/t Ag exceeds 200 g/t strong threshold for silver.
Evidence · text
“Rock chip sample 8931-032, collected from mullock surrounding the shaft, returned 339g/t Ag”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: The soil anomaly at the Peak View Prospect remains open and increases in width to the south, identifying high-priority, underexplored target areas.
Evidence · text
“The anomaly at the Peak View Prospect remains open and increases in width to the south, identifying high-priority, underexplored target areas”
Extracted facts
Stored fact records: 7. Some facts used in scoring do not have a stored record.
Drill Results (7)
Fact 1Peak View Project · goldGrade: 50.9Grade Unit: g/tView all detailsHide details
Identity
- Project
- Peak View Project
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- 10X
Geometry
- Grade
- 50.9
- Grade Unit
- g/t
Classification
- Deposit Type
- vms
- Program
- exploration
- Sample Type
- surface
Location
- Location
- Undoo Creek prospect
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-30T00:00:00.000Z
Reasoning: Exceptional gold grade from rock chip sampling, indicating significant prospectivity at the Undoo Creek prospect.
Positive factors
- Exceptional gold grade from rock chip sampling
- Defined mineralised quartz vein system over 360m strike
Negative factors
- Rock chip samples are selective and do not establish grade continuity
Evidence · text
“High-grade gold rock chip results of up to 50.9g/t Au”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "30 April 2026 Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantminin"
Fact 2Peak View Project · goldGrade: 12.6Grade Unit: g/tView all detailsHide details
Identity
- Project
- Peak View Project
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- 10X
Geometry
- Grade
- 12.6
- Grade Unit
- g/t
Classification
- Deposit Type
- vms
- Program
- exploration
- Sample Type
- surface
Location
- Location
- Undoo Creek prospect
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-30T00:00:00.000Z
Reasoning: Exceptional gold grade from rock chip sampling, contributing to the prospectivity of the vein system at Undoo Creek.
Positive factors
- Exceptional gold grade from rock chip sampling
- Defined mineralised quartz vein system over 360m strike
Negative factors
- Rock chip samples are selective and do not establish grade continuity
Evidence · text
“including 50.9g/t Au, 12.6g/t Au, 8.4g/t Au and 6.4g/t Au.”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "30 April 2026 Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantminin"
Fact 3Peak View Project · goldGrade: 8.4Grade Unit: g/tView all detailsHide details
Identity
- Project
- Peak View Project
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- 10X
Geometry
- Grade
- 8.4
- Grade Unit
- g/t
Classification
- Deposit Type
- vms
- Program
- exploration
- Sample Type
- surface
Location
- Location
- Undoo Creek prospect
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-30T00:00:00.000Z
Reasoning: Exceptional gold grade from rock chip sampling, contributing to the prospectivity of the vein system at Undoo Creek.
Positive factors
- Exceptional gold grade from rock chip sampling
- Defined mineralised quartz vein system over 360m strike
Negative factors
- Rock chip samples are selective and do not establish grade continuity
Evidence · text
“including 50.9g/t Au, 12.6g/t Au, 8.4g/t Au and 6.4g/t Au.”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "30 April 2026 Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantminin"
Fact 4Peak View Project · goldGrade: 6.4Grade Unit: g/tView all detailsHide details
Identity
- Project
- Peak View Project
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- 10X
Geometry
- Grade
- 6.4
- Grade Unit
- g/t
Classification
- Deposit Type
- vms
- Program
- exploration
- Sample Type
- surface
Location
- Location
- Undoo Creek prospect
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-30T00:00:00.000Z
Reasoning: Exceptional gold grade from rock chip sampling, contributing to the prospectivity of the vein system at Undoo Creek.
Positive factors
- Exceptional gold grade from rock chip sampling
- Defined mineralised quartz vein system over 360m strike
Negative factors
- Rock chip samples are selective and do not establish grade continuity
Evidence · text
“including 50.9g/t Au, 12.6g/t Au, 8.4g/t Au and 6.4g/t Au.”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "30 April 2026 Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantminin"
Fact 5Peak View Project · silverGrade: 339Grade Unit: g/tView all detailsHide details
Identity
- Project
- Peak View Project
- Commodity
- silver
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- 10X
Geometry
- Grade
- 339
- Grade Unit
- g/t
Classification
- Deposit Type
- vms
- Program
- exploration
- Sample Type
- surface
Location
- Location
- Big Badja Silver Mine
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-30T00:00:00.000Z
Reasoning: Strong silver grade from rock chip sampling, confirming high-grade mineralisation and supported by a geophysical anomaly at Big Badja.
Positive factors
- Strong silver grade from rock chip sampling
- Confirmed high-grade silver-lead mineralisation
- IP identified open chargeability anomaly beneath workings
Negative factors
- Rock chip samples are selective and do not establish grade continuity
Evidence · text
“Rock chip sample 8931-032, collected from mullock surrounding the shaft, returned 339g/t Ag”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "30 April 2026 Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantminin"
Fact 6Peak View Project · leadGrade: 1.8Grade Unit: %View all detailsHide details
Identity
- Project
- Peak View Project
- Commodity
- lead
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- 10X
Geometry
- Grade
- 1.8
- Grade Unit
- %
Classification
- Deposit Type
- vms
- Program
- exploration
- Sample Type
- surface
Location
- Location
- Big Badja Silver Mine
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-30T00:00:00.000Z
Reasoning: Weak lead grade from rock chip sampling, part of the polymetallic mineralisation at Big Badja.
Positive factors
- Weak lead grade from rock chip sampling
- Confirmed high-grade silver-lead mineralisation
- IP identified open chargeability anomaly beneath workings
Negative factors
- Rock chip samples are selective and do not establish grade continuity
Evidence · text
“returned 339g/t Ag, 1.8% Pb and 0.4g/t Au”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "30 April 2026 Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantminin"
Fact 7Peak View Project · goldGrade: 0.4Grade Unit: g/tView all detailsHide details
Identity
- Project
- Peak View Project
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- 10X
Geometry
- Grade
- 0.4
- Grade Unit
- g/t
Classification
- Deposit Type
- vms
- Program
- exploration
- Sample Type
- surface
Location
- Location
- Big Badja Silver Mine
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-30T00:00:00.000Z
Reasoning: Low gold grade from rock chip sampling, but indicates the polymetallic nature of the mineralisation at Big Badja.
Positive factors
- Presence of gold in polymetallic mineralisation
Negative factors
- Low gold grade compared to other results
- Rock chip samples are selective and do not establish grade continuity
Evidence · text
“returned 339g/t Ag, 1.8% Pb and 0.4g/t Au”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "30 April 2026 Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantminin"
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.