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Exultant Mining Limited (ASX:10X)

ALERT: Price-sensitive ASX Announcement for 10X
Current share price for 10X : $0.180 0.015 (9.09%)+
Announcement
Release
1 Jul 2026 8:13AM
Price at Release
$0.165
Full Release
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Summary
Exultant Mining Limited announced the results of their maiden drilling program at the Balerion Prospect, located in the Peak View Project, New South Wales. The program, which initially included 12 RC drillholes, has been reduced to 8, focusing on the most promising sections. Initial drilling intersected sulphide mineralisation, with holes BLRCDD001 and BLRCDD002 showing promising signs of chalcopyrite, sphalerite, and galena. Assay results are pending, and further drilling will concentrate on key geophysical anomalies. The drilling decision was altered to diamond drilling due to excessive water encountered, allowing for better geological control.
Key Points
  • Three drillholes completed at Balerion Prospect totaling 632.5m.
  • BLRCDD001 and BLRCDD002 intersected chalcopyrite, sphalerite, and galena.
  • Initial drilling refined the program to five priority drillholes.
  • Assays pending for completed drillholes.
  • Program focuses on most prospective parts of Balerion.
  • Transition to diamond drilling due to water issues.
  • Five remaining holes targeting geophysical anomalies.
  • Balerion located 35km northeast of Cooma, New South Wales.
  • Tenement EL9411 wholly owned by Exultant Mining.
  • Visual estimates indicate promising sulphide mineralisation.
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.