Exultant Mining Peak View Drilling Campaign Targets Four Priority Anomalies

Exultant Mining Prepares for Maiden Drilling Campaign as Geophysics Defines Multiple High-Priority Targets at Peak View

Exultant Mining Limited (ASX: 10X) has delivered a significant advancement in its exploration strategy, with recently completed induced polarisation and ground gravity surveys defining four distinct high-priority drill targets at its Peak View Prospect in New South Wales. The Exultant Mining Peak View drilling campaign is now positioned to commence in the coming weeks, targeting what could potentially be a new discovery in a highly prospective geological setting.

The geophysical surveys have materially improved the company's understanding of the structural architecture at Peak View, revealing multiple compelling anomalies that remain largely untested by historical drilling. Most notably, the surveys have identified a 700m-long chargeability anomaly coincident with a 1.1km gravity high that has never been drill tested, representing a completely new target zone not previously recognised by earlier explorers.

Four Priority Targets Emerge from Comprehensive Geophysical Program

The recently completed surveys comprised a dipole-dipole IP survey with four east-west oriented lines, each 1.6km in length and spaced 200m apart, combined with a ground gravity survey of 136 stations collected on a 100m x 100m grid. These surveys were specifically designed to test the 900m-long multi-element Cu-Pb-Zn-Ag-Au soil anomaly previously defined by the company's soil sampling program.

The most compelling discovery is the western chargeability anomaly, which shows significantly stronger geophysical response than areas where historical drilling intersected high-grade mineralisation. Furthermore, while previous drilling targeted zones with approximately 8msec chargeability response, this new western anomaly exceeds 12msec and remains completely open to the north.

Understanding Induced Polarisation: A Key Tool for VMS Discovery

Induced Polarisation (IP) is a geophysical technique that measures how well subsurface materials hold electrical charge. When an electrical current is applied to the ground and then switched off, certain materials—particularly metallic sulphides—release the stored charge slowly, creating a measurable "chargeability" response.

For VMS (Volcanogenic Massive Sulphide) exploration, IP surveys are particularly valuable because:

• Sulphide minerals (containing copper, lead, zinc) produce strong chargeability responses
• Massive sulphide accumulations create both chargeability and resistivity anomalies
• Disseminated sulphides in alteration zones generate distinct geophysical signatures

At Peak View, the IP survey has been crucial in identifying untested zones with stronger responses than areas where historical drilling already confirmed high-grade mineralisation. Consequently, this suggests potential for even more significant discoveries as the Exultant Mining Peak View drilling campaign progresses.

Strategic Structural Setting Comparable to Major VMS Deposits

The geophysical work has revealed a structural architecture that Executive Chairman Brett Grosvenor describes as "highly comparable to that observed at major VMS deposits such as Woodlawn and Captains Flat." The Peak View Thrust is interpreted as the southern continuation of the fertile Narongo Fault, which hosts the Captains Flat VMS deposit and more than 30 mineral occurrences along its strike.

"These results represent a major step forward in advancing Peak View toward drilling in the coming weeks. The geophysical surveys have defined multiple compelling anomalies and, importantly, provide context for historical drilling results within a broader structural framework."

— Brett Grosvenor, Executive Chairman

Key geological features supporting the exploration thesis include:

• NW-SE trending transverse structures that intersect the prospect and appear to influence both geophysical and geochemical anomaly patterns

• Coincident geophysical and geochemical responses where transverse structures intersect the prospect

• Major NNW-striking Peak View Thrust forming contact between geological units

• 1.1km gravity high directly adjacent to the thrust fault and intersected by several transverse structures

Immediate Drilling Timeline and Operational Readiness

Exultant has already lodged its Application for Permit to Operate (APO) with the Resource Regulator for 15 drill holes, positioning the company for rapid deployment once final preparations are complete. The Exultant Mining Peak View drilling campaign is scheduled to commence in late April, following:

1. Integration and ranking of priority IP, gravity and structural targets

2. Targeted drill hole planning ahead of drilling at Peak View

3. Finalisation of drilling contractor agreements

4. Final structural interpretation and drill hole design

The drilling programme will test multiple target types, from potential footwall feeder zones (which may be consistent with copper-rich sulphides) to down-dip extensions of known high-grade mineralisation. For instance, historical drilling at Peak View intersected notable results including 4.4m @ 342.7g/t Ag, 4% Pb, 1.1% Cu, 0.74g/t Au & 0.84% Zn from 48.7m in hole PVI006.

Investment Thesis: Multiple Catalysts in a Proven Geological Setting

Exultant Mining presents a compelling investment opportunity as it approaches a significant inflection point with multiple upcoming catalysts:

Exploration Upside:

• Four distinct untested targets defined by comprehensive geophysical surveys
• Stronger geophysical responses than areas with confirmed high-grade mineralisation
• Structural architecture comparable to major VMS deposits like Captains Flat and Woodlawn
• Extensive strike length along the fertile Narongo Fault system

Near-term Catalysts:

• Maiden drilling campaign commencing late April with 15 planned holes
• Multiple target types providing several opportunities for discovery
• Systematic testing of previously unrecognised geological zones
• Down-dip and strike extensions of known mineralisation

Strategic Positioning:

• 100% ownership of highly prospective tenements in established mining region
• Proven geological setting with over 30 recorded mineral occurrences along trend
• Modern exploration techniques applied to historically under-tested prospect
• Experienced management team with strong track record in VMS exploration

Why Should Investors Follow This Development?

The convergence of strong geophysical results, proven geological setting, and imminent drilling activity positions Exultant Mining as a high-potential exploration story entering a crucial phase. The company has systematically advanced Peak View from soil sampling through comprehensive geophysical surveys to drill-ready status, with each step strengthening the exploration thesis.

The western chargeability anomaly represents a particularly compelling target, showing significantly stronger geophysical response than zones where historical drilling confirmed high-grade mineralisation. However, combined with its position along the fertile Narongo Fault system—which hosts the significant Captains Flat VMS deposit—this target offers genuine discovery potential in a well-established geological framework.

With the Exultant Mining Peak View drilling campaign scheduled to commence in the coming weeks and 15 holes planned across four distinct target areas, Exultant Mining offers investors exposure to multiple discovery opportunities within a single campaign. In addition, the company's systematic approach to exploration, from initial soil sampling through comprehensive geophysical surveys to targeted drilling, demonstrates the type of methodical advancement that often leads to significant discoveries in VMS terrains.

The structural setting at Peak View shows remarkable similarities to proven VMS deposits in the region. Furthermore, the geophysical signatures identified through the recent surveys exceed those recorded at locations where previous drilling confirmed high-grade mineralisation, suggesting the potential for even more significant discoveries.

Market Implications and Timing Considerations

The timing of the upcoming drilling programme is particularly significant given current market conditions and sector dynamics. VMS deposits have historically been valuable sources of multiple base and precious metals, making them attractive targets in today's commodity environment.

The systematic approach taken by Exultant Mining—progressing from soil geochemistry through detailed geophysical surveys to targeted drilling—provides investors with multiple data points supporting the exploration thesis. Each phase has strengthened the geological case for significant mineralisation at Peak View.

Moreover, the company's focus on testing completely undrilled targets identified through modern geophysical techniques represents genuine exploration upside. The 700m-long western chargeability anomaly has never been tested by historical drilling, presenting a pure exploration play with discovery potential.

Key Takeaway:
Exultant Mining has positioned itself for a potentially transformative drilling campaign at Peak View, with geophysical surveys defining multiple high-priority targets in a geological setting comparable to major VMS deposits. With the Exultant Mining Peak View drilling campaign commencing in late April and four distinct untested anomalies offering genuine discovery potential, investors should closely monitor upcoming results from this systematic exploration programme.

Could Exultant Mining's Peak View Discovery Transform Your Portfolio?

With four high-priority drill targets now defined and the maiden drilling campaign set to commence in late April, Exultant Mining presents a compelling opportunity for investors seeking exposure to genuine exploration upside. The company's systematic approach has progressed Peak View from initial soil sampling through comprehensive geophysical surveys to drill-ready status, with each phase strengthening the case for significant VMS mineralisation. As the western chargeability anomaly—showing stronger geophysical responses than areas with confirmed high-grade mineralisation—prepares for its first drill test, investors have the opportunity to position themselves ahead of potentially transformative results. Don't miss this critical inflection point in Exultant Mining's exploration journey. Discover more about Exultant Mining's Peak View project and upcoming drilling campaign.