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Exultant Mining Limited (ASX:10X)

ALERT: Price-sensitive ASX Announcement for 10X
Current share price for 10X : $0.130 -0.05 (-27.78%)+
Announcement
Release
30 Apr 2026 11:52AM
Price at Release
$0.180
Full Release
download
Summary
Exultant Mining Limited's March 2026 Quarterly Activities Report highlights significant progress at its Peak View, Undoo Creek, and Big Badja projects. The company identified a large polymetallic anomaly at the Peak View Prospect and completed geophysical surveys to refine drilling targets. High-grade gold and silver-lead mineralisation were confirmed through rock chip sampling at Undoo Creek and Big Badja, respectively. The company's cash balance was $3.785 million, with significant net cash from financing activities reported. Upcoming plans include drilling preparations at Peak View and continued exploration at Black Hammer.
Key Points
  • Exultant Mining Limited reported a large polymetallic anomaly at the Peak View Prospect.
  • Induced Polarisation and ground gravity surveys were completed to refine drill targets at Peak View.
  • High-grade rock chip sampling at Undoo Creek Prospect revealed significant gold results.
  • The Big Badja Silver Mine confirmed high-grade silver-lead mineralisation with trial IP line results.
  • Exultant Mining's cash position at the end of March 2026 was $3.785 million.
  • The company reported net cash used in operating activities as $457,000 for the quarter.
  • Proceeds from financing activities resulted in a net cash inflow of $4.799 million year-to-date.
  • Exultant Mining is preparing for maiden drilling at Peak View and continued land access negotiations at Black Hammer.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.