# Quarterly Activities/Appendix 5B Cash Flow Report 16 pages 1.8MB Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-8mb--fcfa0e60-f9e5-4138-855c-d13b9dcbb328 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03088593 Publisher: asx Original announcement: 2026-04-30T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-01T00:53:38.830Z Atlas analysis updated: 2026-10-01T00:53:38.830Z - 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 Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas 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 factor: Very high-grade gold rock chip results \(up to 50.9 g/t Au\) - Positive factor: High-grade silver rock chip results \(339 g/t Ag\) - Positive factor: Large, coherent polymetallic soil anomaly defined \(900m Cu-Pb-Zn-Ag-Au\) - Positive factor: Successful geophysical surveys \(IP, gravity\) refining drill targets - Positive factor: VMS characteristics confirmed at Peak View - Positive factor: Multiple priority drill targets identified - Positive factor: Strong cash position for continued exploration - Negative factor: Rock chip samples are selective and do not establish grade continuity - Negative factor: No drill results yet, still early-stage exploration - Negative factor: 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 Intercept** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: 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 Intercept** Polarity: positive Definition: 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 Intercept** Polarity: positive Definition: 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 Intercept** Polarity: positive Definition: 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 Intercept** Polarity: positive Definition: 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 Extension** Polarity: positive Definition: 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 1 [Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-8mb--fcfa0e60-f9e5-4138-855c-d13b9dcbb328#fact-drill-facts-0) Peak View Project · gold #### 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 factor: Exceptional gold grade from rock chip sampling - Positive factor: Defined mineralised quartz vein system over 360m strike - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 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 **Nearology Play** Polarity: neutral Definition: 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 2 [Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-8mb--fcfa0e60-f9e5-4138-855c-d13b9dcbb328#fact-drill-facts-1) Peak View Project · gold #### 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 factor: Exceptional gold grade from rock chip sampling - Positive factor: Defined mineralised quartz vein system over 360m strike - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 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 **Nearology Play** Polarity: neutral Definition: 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 3 [Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-8mb--fcfa0e60-f9e5-4138-855c-d13b9dcbb328#fact-drill-facts-2) Peak View Project · gold #### 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 factor: Exceptional gold grade from rock chip sampling - Positive factor: Defined mineralised quartz vein system over 360m strike - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 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 **Nearology Play** Polarity: neutral Definition: 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 4 [Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-8mb--fcfa0e60-f9e5-4138-855c-d13b9dcbb328#fact-drill-facts-3) Peak View Project · gold #### 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 factor: Exceptional gold grade from rock chip sampling - Positive factor: Defined mineralised quartz vein system over 360m strike - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 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 **Nearology Play** Polarity: neutral Definition: 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 5 [Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-8mb--fcfa0e60-f9e5-4138-855c-d13b9dcbb328#fact-drill-facts-4) Peak View Project · silver #### 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 factor: Strong silver grade from rock chip sampling - Positive factor: Confirmed high-grade silver-lead mineralisation - Positive factor: IP identified open chargeability anomaly beneath workings - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 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 **Nearology Play** Polarity: neutral Definition: 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 6 [Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-8mb--fcfa0e60-f9e5-4138-855c-d13b9dcbb328#fact-drill-facts-5) Peak View Project · lead #### 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 factor: Weak lead grade from rock chip sampling - Positive factor: Confirmed high-grade silver-lead mineralisation - Positive factor: IP identified open chargeability anomaly beneath workings - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 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 **Nearology Play** Polarity: neutral Definition: 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 7 [Link to this fact](https://atlas-staging.minestarters.com/news/quarterly-activities-appendix-5b-cash-flow-report-16-pages-1-8mb--fcfa0e60-f9e5-4138-855c-d13b9dcbb328#fact-drill-facts-6) Peak View Project · gold #### 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 factor: Presence of gold in polymetallic mineralisation - Negative factor: Low gold grade compared to other results - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 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 **Nearology Play** Polarity: neutral Definition: 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.