Announcement PDF Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 1 October 2026 www.exultantmining.com.au HIGH-GRADE ZINC-LEAD-SILVER INTERSECTIONS EXTEND BALERION MINERALISATION AT DEPTH HIGHLIGHTS • Estimated true thickness of the principal mineralised shear increases by approximately 57% down dip, from approximately 6.4m in BLRCDD006 to 10.1m in BLRCDD005, remaining open at depth and along strike to the north • Five of six maiden drill holes intersect polymetallic mineralisation, validating the integrated geophysical targeting approach • BLRCDD005 returned 11.75m @ 9.12g/t Ag, 1.43% Zn+Pb, 0.12% Cu and 0.11g/t Au from 240.15m containing 0.8m of core loss (~10.1m true thickness), including: o 3.00m @ 25.24g/t Ag, 3.27% Zn+Pb, 0.19% Cu and 0.37g/t Au from 244.4m (~2.6m true thickness); and o 0.70m @ 49.20g/t Ag, 10.22% Zn+Pb, 0.63% Cu and 0.30g/t Au from 245.8m (~0.62m true thickness) • BLRCDD006 returned 6.65m @ 16.18g/t Ag, 1.56% Zn+Pb, 0.13% Cu and 0.29g/t Au from 186.0m (~6.4m true thickness), including: o 3.65m @ 28.62g/t Ag, 2.80% Zn+Pb, 0.24% Cu and 0.44g/t Au from 189.0m (~3.4m true thickness); and o 0.50m @ 65.40g/t Ag, 9.18% Zn+Pb, 0.88% Cu and 0.36g/t Au from 189.4m (~0.45m true thickness) • BLRCDD004 returned 4.70m @ 5.01g/t Ag and 0.93% Zn+Pb from 224.15m, containing 0.50m of core loss (~4.2m true thickness), including: o 0.65m @ 16.45g/t Ag and 4.41% Zn+Pb from 224.15m (~0.62m true thickness) • Principal near-term exploration focus now shifts to advancing the Black Hammer Cu-Au Project in the Macquarie Arc Exultant Mining Limited (ASX: 10X) (“Exultant” or “the Company”) is pleased to report final laboratory assay results from BLRCDD004, BLRCDD005 and BLRCDD006 at the Balerion Prospect, within the Company’s 100%-owned Peak View Project in New South Wales. The results confirm that the visible sulphides previously reported from the three holes contain silver- zinc-lead-copper(+/-gold) mineralisation. The BLRCDD005 and BLRCDD006 results also support the Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 www.exultantmining.com.au Company’s interpretation that the mineralised shear zone increases in thickness down dip and remains open beneath BLRCDD005 and BLRCDD004. All six holes completed during the maiden Balerion program tested their intended geophysical and geological target positions. Five of the six holes intersected zinc-lead-copper-silver(+/-gold) mineralisation of varying widths and grades. Comment from Executive Chairman, Brett Grosvenor: “When we completed the maiden Balerion drilling program, we flagged that assays were pending from three remaining holes. Those results are now in, and they confirm that the sulphides contain meaningful polymetallic grades, with locally high-grade intervals up to 65g/t silver and 10% combined zinc-lead. Importantly, the data shows the mineralised zone is getting thicker at depth, increasing approximately 57% in estimated true thickness over 100 metres down-dip, and it remains open beneath our deepest holes and along strike to the north. Five of six holes hitting mineralisation in a maiden program is a strong validation of our targeting approach. We will now integrate these results into an updated 3D geological model. As flagged in our last update, the team has already redeployed to Black Hammer, which remains our principal near-term exploration focus in the Macquarie Arc.” ASSAY RESULTS Significant intersections from BLRCDD004, BLRCDD005 and BLRCDD006 are summarised in Table 2. Estimated true thicknesses are based on the current structural interpretation and remain approximate. BLRCDD006 BLRCDD006 was designed to test a moderate IP chargeability anomaly approximately 100m up-dip of BLRCDD005 and evaluate the shallower continuity of the same mineralised shear zone. The hole intersected a talc-rich shear containing disseminated, semi-massive and locally massive sphalerite, galena, chalcopyrite and pyrite. Significant assay results include: • 6.65m @ 16.18g/t Ag, 1.07% Zn, 0.49% Pb, 0.13% Cu and 0.29g/t Au from 186.0m, including: o 3.65m @ 28.62g/t Ag, 1.92% Zn, 0.88% Pb, 0.24% Cu and 0.44g/t Au from 189.0m; o 0.90m @ 57.40g/t Ag, 3.42% Zn, 1.84% Pb, 0.52% Cu and 0.46g/t Au from 189.0m; o 0.50m @ 65.40g/t Ag, 5.97% Zn, 3.21% Pb, 0.88% Cu and 0.36g/t Au from 189.4m; o 1.55m @ 30.52g/t Ag, 2.01% Zn, 0.84% Pb, 0.25% Cu and 0.74g/t Au from 191.1m; o 0.75m @ 55.20g/t Ag, 3.06% Zn, 1.63% Pb, 0.33% Cu and 0.28g/t Au from 191.1m; and o 0.40m @ 2.01g/t Au, 12.35g/t Ag, 1.91% Zn, 0.12% Pb and 0.28% Cu from 192.25m. Based on the current structural interpretation, the reported BLRCDD006 intersections are estimated to represent approximately 96% of their downhole widths. The principal 6.65m intersection therefore has an estimated true thickness of approximately 6.4m. Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 www.exultantmining.com.au BLRCDD005 BLRCDD005 was designed to test a resistivity-low anomaly approximately 220m down-dip of historical drillhole PVI006 and assess the depth continuity of the mineralised shear zone. PVI006 intersected 4.4m @ 342.7g/t Ag, 4.00% Pb, 1.10% Cu, 0.74g/t Au and 0.84% Zn from 48.7m1 with an estimated true thickness of 1.7m. The hole intersected the targeted contact and returned the broadest continuously mineralised assay interval from the drilling program. Significant assay results include: • 15.90m @ 6.95g/t Ag, 0.79% Zn, 0.28% Pb, 0.09% Cu and 0.09g/t Au from 236.0m, containing 1.00m of core loss*, including: o 11.75m @ 9.12g/t Ag, 1.05% Zn, 0.37% Pb, 0.12% Cu and 0.11g/t Au from 240.15m, containing 0.80m of core loss* (Fig. 1); o 0.40m @ 25.30g/t Ag, 2.10% Zn, 1.17% Pb, 0.18% Cu and 0.09g/t Au from 240.15m; o 3.00m @ 25.24g/t Ag, 2.23% Zn, 1.05% Pb, 0.19% Cu and 0.37g/t Au from 244.4m; o 1.50m @ 41.25g/t Ag, 3.15% Zn, 1.67% Pb, 0.30% Cu and 0.62g/t Au from 245.0m; o 0.70m @ 49.20g/t Ag, 6.67% Zn, 3.55% Pb, 0.63% Cu and 0.30g/t Au from 245.8m; o 2.50m @ 6.33g/t Ag, 1.87% Zn, 0.27% Pb and 0.29% Cu from 249.4m, including o 0.60m @ 16.75g/t Ag, 6.35% Zn, 0.54% Pb and 0.99% Cu from 251.3m. Based on the current structural interpretation, the reported BLRCDD005 intersections are estimated to represent approximately 87% of their downhole widths. The principal 11.75m intersection therefore has an estimated true thickness of approximately 10.1m. The greater estimated thickness in BLRCDD005 compared with the up-dip BLRCDD006 and PVI006 intersections supports the interpretation that the mineralised shear zone appears to thicken at depth, where it remains open (Fig. 3). *Core-loss intervals have been retained within the reported downhole widths and assigned zero grade for Au, Ag, Cu, Pb and Zn when calculating the length-weighted composite grades. No top cuts have been applied. Estimated true thicknesses are preliminary and based on the current structural interpretation. They may change as additional drilling and three-dimensional geological modelling refine the orientation of the mineralised shear zone. Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 www.exultantmining.com.au Figure 1. BLRCDD005 - 11.75m @ 9.12g/t Ag, 1.05% Zn, 0.37% Pb, 0.12% Cu and 0.11g/t Au from 240.15m, containing 0.80m of core loss including 0.70m @ 49.20g/t Ag, 6.67% Zn, 3.55% Pb, 0.63% Cu and 0.30g/t Au from 245.8m Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 www.exultantmining.com.au Figure 2. Plan view of Balerion drilling on local geology Figure 3. Section 6006830N (+/-20m) showing BLRCDD005 & BLRCDD006 intersecting the mineralised shear at the rhyolite-volcaniclastic contact, down-dip of historic high-grade mineralisation intersected in PVI006 (4.4m @ 342.7g/t Ag, 4.0% Pb, 1.1% Cu, 0.74g/t Au & 0.84% Zn from 48.7m)¹ 6006830N 6006860N Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 www.exultantmining.com.au BLRCDD004 BLRCDD004 was designed to test a resistivity-low anomaly down-dip of historical drillhole PVI008 (Fig. 4) and determine whether the high-grade polymetallic mineralisation intersected in that hole continued at depth. PVI008 intersected 0.8m @ 22.0% Zn, 11.6% Pb, 1.2% Cu, 155g/t Ag and 0.5g/t Au from 152.6m1 (estimated true thickness approximately 0.47m). BLRCDD004 intersected the targeted rhyolite– volcaniclastic contact and an associated strongly altered, talc-rich shear zone. Significant assay results include: • 1.20m @ 0.43g/t Au from 181.0m. • 16.85m @ 2.78g/t Ag, 0.27% Zn, 0.14% Pb, 0.02% Cu and 0.04g/t Au from 212.0m, containing 0.50m of core loss*, including: o 5.00m @ 4.20g/t Ag, 0.32% Zn, 0.18% Pb, 0.03% Cu and 0.06g/t Au from 212.0m; o 0.50m @ 16.00g/t Ag, 2.62% Zn, 1.51% Pb, 0.20% Cu and 0.09g/t Au from 212.5m; o 1.00m @ 10.40g/t Ag and 0.14g/t Au from 216.0m; o 4.70m @ 5.01g/t Ag, 0.63% Zn, 0.31% Pb, 0.04% Cu and 0.05g/t Au from 224.15m, containing 0.50m of core loss*, including: o 0.65m @ 16.45g/t Ag, 2.91% Zn, 1.50% Pb, 0.07% Cu and 0.12g/t Au from 224.15m. Based on the current structural interpretation, the reported BLRCDD004 intersections are estimated to represent approximately 91% of their downhole widths. The principal 4.70m intersection therefore has an estimated true thickness of approximately 4.2m. *Core-loss intervals have been retained within the reported downhole widths and assigned zero grade for Au, Ag, Cu, Pb and Zn when calculating the length-weighted composite grades. No top cuts have been applied. Estimated true thicknesses are preliminary and based on the current structural interpretation. They may change as additional drilling and three-dimensional geological modelling refine the orientation of the mineralised shear zone. Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 www.exultantmining.com.au Figure 4. Section 6006860N (+/-20m) looking north showing BLRCDD004 intersecting mineralisation at the rhyolite-volcaniclastic contact, down-dip of historic high-grade mineralisation intersected in PVI008 (0.8m @ 22.0% Zn, 11.6% Pb, 1.2% Cu, 155g/t Ag and 0.5g/t Au from 152.6m)¹ TECHNICAL DISCUSSION Drilling has defined a consistent volcano-sedimentary sequence that dips approximately 60 degrees to the east at Balerion. From the base upwards, the sequence comprises siltstone and fine-grained sandstone of the Yalmy Group, referred to locally as the footwall sediments; felsic volcaniclastic rocks comprising chiefly fine- to medium-grained sandstone with local pumice breccia; a variable-thickness unit of coherent, coarse-grained porphyritic rhyolite; and rhythmically bedded siltstone and fine-grained sandstone of the Yalmy Group, referred to as the hangingwall sediments. Exultant’s drilling provided the first oriented diamond core from Balerion. Measurements of bedding, foliation, cleavage and other kinematic indicators indicate strong compressional deformation and strain partitioning between rock units of contrasting competency. Although the polymetallic association and volcanic setting initially supported consideration of a VMS-style model, the available geological and structural evidence is now considered more consistent with a structurally controlled epigenetic system. Regional shortening produced disharmonic folding and concentrated deformation along the basal contact of the competent rhyolite, forming the talc-rich mineralised shear zone. Local dilation and enhanced permeability within the shear are interpreted to have focused metal-bearing hydrothermal fluids and provided sites for sulphide deposition. Variations in shear-zone thickness, internal Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 www.exultantmining.com.au deformation and the distribution of dilation sites may account for changes in mineralised width and grade between drill holes. On the BLRCDD005–BLRCDD006 section, the estimated true thickness of the principal mineralised interval increases from approximately 6.4m in BLRCDD006 to approximately 10.1m in BLRCDD005, located approximately 100m down dip. This represents an increase of approximately 57% and supports apparent thickening of the mineralised shear with depth. Drilling has not closed the mineralised system below BLRCDD004 or BLRCDD005, although further drilling would be required to establish its continuity and geometry. Mineralisation also remains unclosed along strike to the north. The northernmost historical drillhole, PV002, returned 1.5m @ 188g/t Ag, 5.10% Zn, 3.25% Pb and 0.40% Cu from 164.1m² (Fig. 5), indicating that the mineralised contact may continue beyond the current northern limit of drilling. All six holes completed during the maiden Balerion program tested their intended geological or geophysical target positions, with five intersecting zinc–lead–copper–silver mineralisation of varying widths and grades. This outcome supports the geological interpretation and the use of combined geological mapping, surface geochemistry, induced-polarisation chargeability and resistivity, and gravity data to identify prospective positions along the mineralised rhyolite–volcaniclastic contact. These datasets assist with target definition but are not direct indicators of grade. Figure 5. Balerion long section looking west showing downhole Zn assays suggesting the prospect is still open at depth and along strike to the north OPEN OPEN Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 www.exultantmining.com.au PROGRAM OUTCOME AND NEXT STEPS Program Outcome • Five of six maiden diamond drill holes intersected polymetallic mineralisation at the Balerion Prospect • Oriented diamond core and assay data have materially improved the understanding of stratigraphic and structural controls on mineralisation • Mineralisation is principally hosted within a talc-rich shear at the rhyolite-volcaniclastic contact • Mineralisation remains open at depth and along strike to the north Next Steps • Integrate assay results, geological logging and oriented-core structural data into an updated 3D geological model • Analyse multi-element assay data (ioGAS) to assess alteration and trace-element vectors toward additional mineralisation • Document potential down-dip and northern strike extensions to provide a technical basis for evaluating future work at Balerion • Principal near-term exploration focus remains on advancing the Black Hammer Cu-Au Project in the Macquarie Arc (Fig. 6) Figure 6. Black Hammer project on Lachlan Orogen geology Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 www.exultantmining.com.au This announcement has been approved for release by the Chairman of the Board of Directors of the Company. For further information on Exultant Mining Limited please contact: Brett Grosvenor Paul Berson Exultant Mining Limited Corporate Storytime Executive Chairman Investor Relations Info@exultantmining.com.au paul@corporatestorytime.com Ph: +61 (08) 9481 0389 Ph: +61 (0) 421 647 445 1 - Refer to ASX announcement dated 9 April 2026, “Multiple High-Priority Drill Targets at Peak View Prospect” 2 - Refer to ASX announcement dated 16 December 2025, "10X Commences Exploration with Key Land Access Granted" ABOUT THE PEAK VIEW PROJECT The Peak View Project is located 35km NE of Cooma within the Lachlan Fold Belt. The project is prospective for gold, silver, copper & base metals and hosts the Balerion (formerly Peak View), Big Badja and Undoo Creek prospects. Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 www.exultantmining.com.au Disclaimer Someofthestatementsappearinginthisannouncementmay beinthenatureofforward-lookingstatements. You should be aware that such statements are only predictions and are subject to inherent risks and uncertainties.ThoserisksanduncertaintiesincludefactorsandrisksspecifictotheindustriesinwhichExultant operates and proposes to operate as well as general economic conditions, prevailing exchange rates and interest rates and conditions in the financial markets, among other things. Actual events or results may differ materially from the events or results expressed or implied in any forward-looking statement. No forward- looking statement is a guarantee or representation as to future performance or any other future matters, which will be influenced by a number of factors and subject to various uncertainties and contingencies, many of which will be outside Exultant’s control. Exultant does not undertake any obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today’s date or to reflect the occurrence of unanticipated events. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in this announcement. To the maximum extent permitted by law, none of Exultant, its Directors, employees, advisors or agents, nor any other person, accepts any liability for any loss arising from the use of the information contained in this announcement. You are cautioned not to place undue reliance on any forward-looking statement. The forward-looking statements in this announcement reflect views held only as of the date of this announcement. This announcement is not an offer, invitation or recommendation to subscribe for or purchase securities by Exultant. Nor does this announcement constitute investment or financial product advice (nor tax, accounting or legal advice) and is not intended to be used for the basis of making an investment decision. Investors should obtain their own advice before making any investment decision. Competent Person Statement The information in this announcement that relates to Exploration Results is based on, and fairly represents, informationcompiledandreviewedbySebastianHind.Mr Hind isanExplorationManagerforExultantMining LimitedandaMemberoftheAustralasianInstituteofMiningandMetallurgy(Membershipnumber3116971). Mr Hind has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr Hind consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 www.exultantmining.com.au Table 1: Balerion Prospect Drillhole Locations HOLE ID MGA20z55_E MGA20z55_N RL DIP AZI (Grid) FINAL DEPTH (m) BLRCDD001 713551 6006584 940 -60 245 245.5 BLRCDD002 713669 6006639 944 -80 245 189.4 BLRC003 713346 6006618 976 -65 270 198 BLRCDD004 713708 6006859 958 -75 245 267.4 BLRCDD005 713736 6006831 955 -80 240 271.9 BLRCDD006 713675 6006835 967 -70 245 198.1 Table 2: Reported assay intersections from BLRCDD004, BLRCDD005 & BLRCDD006 HOLE ID From (m) To (m) Width (m) True thickness (m) Au (g/t) Ag (g/t) Cu (%) Pb (%) Zn (%) Notes BLRCDD004 181.00 182.2 1.20 ~1.16m (96%) 0.43 0.15 <0.01 <0.01 <0.01 BLRCDD004 212.00 228.85 16.85 ~15.32m (91%) 0.04 2.78 0.02 0.14 0.27 Contains 0.50mofcore loss* 212.00 217.00 5.00 ~4.58m (92%) 0.06 4.20 0.03 0.18 0.32 Including 212.50 213.00 0.50 ~0.44m (88%) 0.09 16.00 0.20 1.51 2.62 Including 216.00 217.00 1.00 ~0.92m (92%) 0.14 10.40 0.02 0.03 0.10 Including 224.15 228.85 4.70 ~4.24m (90%) 0.05 5.01 0.04 0.31 0.63 Including; contains 0.50mofcore loss* 224.15 224.80 0.65 ~0.62m (95%) 0.12 16.45 0.07 1.50 2.91 Including BLRCDD005 236.00 251.90 15.90 ~13.78m (87%) 0.09 6.95 0.09 0.28 0.79 Contains 1.00mofcore loss* 240.15 251.90 11.75 ~10.07m (86%) 0.11 9.12 0.12 0.37 1.05 Including; contains 0.80mofcore loss* Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 www.exultantmining.com.au 240.15 240.55 0.40 ~0.36m (90%) 0.09 25.30 0.18 1.17 2.10 Including 244.40 247.40 3.00 ~2.61m (87%) 0.37 25.24 0.19 1.05 2.23 Including 245.00 246.50 1.50 ~1.33m (89%) 0.62 41.25 0.30 1.67 3.15 Including 245.80 246.50 0.70 ~0.62m (89%) 0.30 49.20 0.63 3.55 6.67 Including 249.40 251.90 2.50 ~1.98m (79%) 0.05 6.33 0.29 0.27 1.87 Including 251.30 251.90 0.60 ~0.48m (80%) 0.15 16.75 0.99 0.54 6.35 Including BLRCDD006 186.00 192.65 6.65 ~6.39m (96%) 0.29 16.18 0.13 0.49 1.07 189.00 192.65 3.65 ~3.44m (94%) 0.44 28.62 0.24 0.88 1.92 Including 189.00 189.90 0.90 ~0.84m (93%) 0.46 57.40 0.52 1.84 3.42 Including 189.40 189.90 0.50 ~0.45m (90%) 0.36 65.40 0.88 3.21 5.97 Including 191.10 192.65 1.55 ~1.50m (97%) 0.74 30.52 0.25 0.84 2.01 Including 191.10 191.85 0.75 ~0.73m (97%) 0.28 55.20 0.33 1.63 3.06 Including 192.25 192.65 0.40 ~0.39m (97%) 2.01 12.35 0.28 0.12 1.91 Including *Core-loss intervals were retained within the reported downhole widths and assigned zero grade for Au, Ag, Cu, Pb and Zn. Their estimated physical thickness was retained when calculating true thickness. Estimated true thicknesses were calculated by summing the sample-scale values across each composite interval. Composite grades remain weighted by downhole sample length. No top cuts were applied. “Including” intervals overlap and must not be added together. Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 www.exultantmining.com.au Appendix A: Peak View Project - JORC Code, 2012 Edition, Table 1 Section 1 Sampling Techniques and Data Criteria JORC Code Explanation Commentary Sampling techniques • Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information. • The Balerion drilling program used a combination of reverse-circulation drilling and HQ diamond drilling. BLRCDD004, BLRCDD005 and BLRCDD006 comprised RC pre-collars followed by HQ diamond tails through the target zones. • RC drilling collected nominal 1m samples through a cyclone and cone splitter. Outside visually mineralised zones, 2m to 6m composite samples of approximately 2kg to 4kg were collected by using a PVC spear to sample each constituent 1m bag. Individual cyclone-split samples were collected within visually mineralised zones. • Diamond core sampling focused on visually mineralised and altered intervals, with additional samples collected at approximately 30m spacing to provide broader multi-element geochemical coverage. • HQ core was marked up, photographed and cut longitudinally using a core saw. Half core was submitted for laboratory analysis and the remaining half retained. • Diamond sample lengths were selected with reference to geological, alteration and structural boundaries. Sample lengths in BLRCDD004– BLRCDD006 generally ranged from 0.25m to 1.35m within the sampled diamond-core sections. • Portable XRF measurements were collected during logging to assist geological interpretation and sample selection. Portable XRF results were not used to calculate or report any of the laboratory assay intersections in this announcement. • The Exploration Results reported in this announcement are based on Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 www.exultantmining.com.au Criteria JORC Code Explanation Commentary laboratory assays. Drilling Techniques • Drill type (e.g. core, reverse circulation, open- hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face- sampling bit or other type, whether core is oriented and if so, by what method, etc). • Drilling comprised reverse-circulation and HQ diamond drilling. • RC drilling used a 125mm hammer and 140mm drill bit, with samples collected through a cyclone and cone splitter. • Diamond drilling used HQ core. Core was oriented where successful orientation marks were obtained. • Significant water inflows during BLRCDD001 and BLRCDD002 resulted in increased use of diamond drilling to improve sample recovery, geological control and structural information. • Triple-tube equipment and shortened drill runs were used where required to maximise core recovery through broken or strongly sheared ground. Drill Sample Recovery • Method of recording and assessing core and chip sample recoveries and results assessed. • Measures taken to maximise sample recovery and ensure representative nature of the samples. • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. • RC sample recovery and sample condition were visually monitored by the supervising geologist during drilling. • Diamond-core recovery and core loss were measured and recorded during geological and geotechnical logging. RQD measurements were also collected. • Where core loss occurred, no physical material was available for laboratory analysis. • Core-loss intervals were retained within the reported downhole intersection widths and assigned zero grade for Au, Ag, Cu, Pb and Zn when calculating length-weighted composite grades. • The zero-grade assignment is a conservative reporting convention and is not an estimate of the in-situ grade of the unrecovered material. • The 16.85m BLRCDD004 intersection contains 0.50m of core loss and is approximately 97.0% sampled. Its 4.70m higher-grade component contains the same 0.50m core-loss interval and is approximately 89.4% sampled. • The 15.90m BLRCDD005 intersection contains 1.00m of core loss and is approximately 93.7% sampled. Its 11.75m internal interval contains 0.80m of core loss and is approximately 93.2% sampled. Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 www.exultantmining.com.au Criteria JORC Code Explanation Commentary • The reported 6.65m BLRCDD006 intersection contains no recorded core loss. • No systematic relationship between recovery and grade has been established. The grade of unrecovered material is unknown and preferential loss or retention of mineralised material cannot be excluded within core-loss intervals. Logging • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • The total length and percentage of the relevant intersections logged. • All RC samples and diamond core were geologically logged by Exultant personnel. • Logging recorded lithology, oxidation, alteration, mineralisation, sulphide abundance, veining, structure and geotechnical characteristics. • Diamond core was marked up and photographed. Orientation lines were recorded where successful core orientations were obtained, and RQD was measured. • Oriented core allowed measurements of bedding, foliation, cleavage and other kinematic indicators to be collected. • Logging was qualitative and quantitative where applicable and is considered appropriate for early-stage Exploration Results reporting. • The full drilled length of each hole was geologically logged. Subsampling techniques and sample preparation • If core, whether cut or sawn and whether quarter, half or all core taken. • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. • For all sample types, the nature, quality and appropriateness of the sample preparation technique. • Quality control procedures adopted for all sub- sampling stages to maximise representivity of samples. • RC samples were collected through a cyclone and cone splitter. Individual 1m split samples were retained within visually mineralised zones. Outside these zones, 2m to 6m PVC-spear composites were collected from the constituent 1m bags. • HQ diamond core was cut longitudinally and half core submitted for laboratory analysis. The corresponding half core was retained in the core tray. • Samples were bagged and labelled by Exultant personnel before delivery to ALS Orange. • ALS sample preparation included LOG-22, CRU-31, SPL-21, PUL-23 and Level 8, 216 St Georges Terrace, Perth, Western Au