Exultant Mining Ltd (ASX:10X) High-Priority Drill Targets Finalised at Balerion With Drilling Imminent
7 May 2026
Price Sensitive Announcement $
Highlights:
- Drilling approval received; contractors secured for rapid mobilisation
- Peak View Prospect renamed to the Balerion Prospect following
advancement to drill-ready targets - 12-hole targeted drill program finalised at the Balerion Prospect within the Peak View Project, NSW
- Drill targets defined from integrated multi-element soil geochemistry and induced polarisation survey results, with gravity and magnetic data used to further refine targeting and structural interpretation
- Drill program designed to test undrilled targets and extensions to known high-grade mineralisation
Overview:
Exultant Mining Limited has announced that it has received drilling approval from the NSW Resources Regulator and has finalised a targeted 12-hole RC drill program at the Balerion Prospect, formerly referred to as the Peak View Prospect, within its Peak View Project in New South Wales.
The program has been finalised following the Company’s recent soil geochemistry program, which defined a 900m-long coincident Cu-Pb-Zn-Ag-Au soil anomaly, and subsequent geophysical work, which identified multiple high-priority IP (Fig. 1) and gravity anomalies and materially improved structural understanding across the prospect.
Following final target ranking and drillhole design, the Company has renamed the Peak View Prospect to the Balerion Prospect. The Peak View Project name remains unchanged.
Next Steps:
Earthworks and drilling contractors have already been secured to prepare access and drill sites, and to carry out the planned drill program.
With approval now in place, the Company intends to:
- Complete earthworks and drill pad preparation
- Mobilise the drilling contractor to site
- Commence drilling of the priority targets
- Integrate drilling results with the existing geochemical, IP, gravity and magnetic datasets to refine the broader geological model
Company Notes:
Comment from Executive Chairman, Brett Grosvenor:
“Finalising this drill program is an important step in advancing Balerion toward first-pass drill testing of targets generated from our recent geochemical and geophysical work.
The holes have been designed to test the strongest and most coherent anomalies defined from the integration of soil geochemistry and IP, with gravity, magnetic and historical drilling data providing further support in several areas.
With the drilling approval received, contractors secured and ready to mobilise, we are very close to commencement of drilling and unlocking the secrets of Balerion. This is exactly what we have been working towards and this will become a pivotal point for 10X and our shareholders”
Full ASX Announcement: Exultant Mining Full ASX Announcement