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Exultant Mining Limited (ASX:10X)

ALERT: Price-sensitive ASX Announcement for 10X
Current share price for 10X : $0.155 0 (0%)+
Announcement
Release
28 Jul 2026 8:24AM
Price at Release
$0.155
Full Release
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Summary
Exultant Mining Limited's quarterly report for June 2026 highlights significant progress in their exploration activities, particularly at the Peak View Project in New South Wales, which has now been renamed to the Balerion Prospect. The company received drilling approval and commenced a 12-hole, 3,425m reverse circulation drill program aiming to test high-priority targets. Concurrently, Exultant expanded its landholding at the Black Hammer Project with the grant of the Swatchfield licence, increasing its area to 390km². The company reported a cash balance of $3.5 million with no debt as of 30 June 2026. The quarterly cashflow report included exploration expenditures and payments to related parties, with a forecast indicating sufficient funding for approximately 12.4 quarters.
Key Points
  • Drilling approval received for Balerion Prospect.
  • Commencement of maiden drilling at Balerion.
  • Expansion of Black Hammer Project with Swatchfield licence.
  • Cash balance of $3.5 million with no debt.
  • 12-hole, 3,425m drill program at Balerion.
  • Sufficient funding for approximately 12.4 quarters.
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.