Announcement PDF 1 Investor Presentation | October 2025 UNLOCKING HIGH-POTENTIAL GOLD, SILVER, COPPER AND BASE METAL DEPOSITS IN TIER 1 JURISDICTIONS December 2025 Investor Presentation ASX: 10X 2 Important Notices and Disclaimer These presentation has been prepared by Exultant Mining Ltd (Company) as at 12 December 2025 and statements are current only as at that date. Information in the Presentation Materials remains subject to change without notice. The Company has no responsibility or obligation to inform you of any matter arising or coming to its notice, after the date of this document, which may affect any matter referred to in this document. By receiving the Presentation Materials, you acknowledge and represent to the Company that you have read, understood and accepted the terms of this disclaimer. 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The information in the Presentation Materials is of a general nature and does not purport to contain all the information which a prospective investor may require in evaluating a possible investment in the Company or that would be required in a prospectus or product disclosure statement or other offering document prepared in accordance with the requirements of Australian law or the laws of any other jurisdiction, including the United States of America. While reasonable care has been taken in relation to the preparation of the Presentation Materials, none of the Company or its directors, officers, employees, contractors, agents, or advisers nor any other person (Limited Party) guarantees or makes any representations or warranties, express or implied, as to or takes responsibility for, the accuracy, reliability, completeness or fairness of the information, opinions, forecasts, reports, estimates and conclusions contained in this document. 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JORC DISCLAIMER The information in the Presentation Materials relating to exploration results has been reported by the Company in accordance with the 2012 Edition of the ‘Australasian Code for Reporting of Exploration results, Mineral Resources and Ore Reserves’ (JORC Code) previously (refer to the Company’s prospectus dated 23 October 2025 available at https://www.asx.com.au/markets/company/10X). The Company confirms that it is not aware of any new information as at the date of the Presentation Materials that materially affects the information included in the Presentation Materials and that all material assumptions and technical parameters underpinning the estimates in the Company’s prospectus continue to apply and have not materially changed. FORWARD LOOKING STATEMENTS Certain statements contained in the Presentation Materials, including information as to the future financial or operating performance of the Company and its projects, are forward looking statements. Such forward looking statements involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company and which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. Forward looking statements are provided as a general guide only, and should not be relied on as an indication or guarantee of future performance. Given these uncertainties, recipients are cautioned to not place undue reliance on any forward looking statement. Subject to any continuing obligations under applicable law the Company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward looking statements in this document to reflect any change in expectations in relation to any forward looking statements or any change in events, conditions or circumstances on which any such statement is based. 3 EXPERIENCED TEAM PROVEN DELIVERY & RESULTS FOCUSED EXPERIENCED BOARD Brett Grosvenor Executive Chairman Over 25 years’ experience in mining industry developing projects from exploration to production. Currently a board member of Firebird Metals Ltd and Carbine Resources pty Ltd and held board positions with Perpetual Resources Ltd, and Firetail Resources Ltd. Lincoln Ho Non-Executive Director Over 8 years’ experience in ASX listed companies, including: AuKing Mining Ltd, Aldoro Resources Ltd, Redcastle Resources Ltd, Red Mountain Mining Ltd and Askari Metals Ltd. Corporate finance expert with strong networks in Australia and overseas. Alan Armstrong Non-Executive Director Experienced company director and company secretary with a strong business development background. Mr Armstrong currently serves as a Non- Executive Director of M3 Mining Limited (ASX:M3M) and as well as Company Secretary for several ASX listed companies. Ian Cooper Consultant Geologist Extensive mining and exploration experience (Broken Hill, Kalgoorlie, Leonora, Browns Creek, Cadia, Hill End, Hera, Tottenham, Cargo) Seb Hind Senior Geologist Management Senior geologist with a proven track record in the discovery of VHMS and structurally controlled base and precious metal deposits. 2019 AMEC Prospector of the year and 2022 Mines & Wines Explorer of the year recipient with the Peel Mining team. 4 CORPORATE SNAPSHOT 13.0% 11.0% 2.3% 6.7% 67.0% Founders Vendors Board Pre-IPO IPO OWNERSHIP STRUCTURE SHARES ON ISSUE 37.2M PRICE $0.185 MARKET CAP $6.9M Adjusted CASH Position after IPO costs $4.3M ENTERPRISE VALUE $2.6M OPTIONS (3YR, 30C) 6M As at COB on 12th December 2025 5 PROJECT LOCATIONS AND TARGET MINERALS All projects benefit from low-cost logistics and supportive regulatory environments. Peak View New South Wales Black Hammer New South Wales REGION & SIZE Prolific East Lachlan Basins Combined ~122km² PROSPECTIVE FOR Gold, Silver, Copper & Base Metals HIGH-GRADE HISTORIC PROSPECTS PEAK VIEW PROSPECT High-grade VMS system with standout historic drill results up to 4.25% Cu, 880 g/t Ag, 17.2% Zn, 9.1% Pb & 1.16g/t Au BIG BADJA PROSPECT Ultra high-grade quartz–sulphide veins, assays up to 9,469g/t Ag1 from shallow workings, Minimal Modern Exploration NEVER DRILLED ACCESS AGREEMENTS IN PLACE Strategically Located in Proven Mining Belts 1 - Grunberg, M., 1972. Authority to Prospect No. 3665. 12 Months Prospecting Return 2 - Carne, J.E., 1908. The Copper-Mining Industry and the Distributionof Copper Ores in New South Wales 3 - McClatchie, L., 1971. Report on a BriefExamination of Mineral Occurrences Within E.L.A 766, Taralga- Porters Retreat District 4 - https://announcements.asx.com.au/asxpdf/20200814/pdf/44lj6rj9wqk8r0.pdf REGION & SIZE Highly Prospective Macquarie Arc Combined ~310km² PROSPECTIVE FOR Gold, Silver, Copper & Base Metals MULTIPLE HIGH-GRADE HISTORIC MINES TUGLOW COPPER MINES 1.5km strike, assays up to 14% Cu, 26.4g/t Au, 283g/t Ag, 23.02% Pb, 13.1% Zn2 CHATHAM VALLEY MINES Historic gold mines, up to 9 g/t Au, shafts to 50m3. PORTERS RETREAT COPPER MINE 12% Cu, 15 g/t Au samples3, porphyry- related LITTLE TO NO MODERN EXPLORATION OR DRILLING REGION & SIZE Mt Ida-Ularring Greenstone Belt Combined ~100km² PROSPECTIVE FOR Gold UNTESTED GOLD POTENTIAL Targeting gold along strike from the Bottle Creek deposits4. 22 km of greenstone belt untested for gold – historically explored only for iron ore Major structures (Ida Fault Zone) and favourable geology (BIFs, mafic–felsic contacts) Within 30km of gold processing plants REMAINS UNTOUCHED BY MODERN EXPLORATION Deep Dykes Western Australia 6 Investor Presentation | December 2025 BLACK HAMMER PROJECT (EL9332, ELA6915) Location of major Ordovician to early Silurian porphyry and related mineral systems of the Macquarie Arc  Located 130km west of Sydney and 30km south of Oberon, NSW  Combined 310km² in the highly prospective Macquarie Arc — host to world-class deposits like Cadia Valley  <15km from Racecourse (512Mt @ 0.18% Cu)1 and Ascot (87Mt @ 0.15% Cu)1 porphyry deposits, in the same rock package  Multiple discovery opportunities:  Porphyry Cu-Au (analogous to nearby Racecourse and Ascot deposits)  Orogenic Au (<12km away from Isabella prospect)  Skarn Au-Cu (nearby <20km Lucky Draw: 1.41Mt @ 4.2g/t Au)2 Large Scale Cu-Au Discovery Potential in the World-Class Macquarie Arc 1 – https://xtractresources.com/projects-operations/bushranger-copper-gold-project/ 2 - RenisonGoldfield Consolidated Ltd, 1992, Lucky Draw Mining Lease 1212, Final Progress Report. 7 Investor Presentation | December 2025 Multiple High-Priority, Undrilled Targets with Immediate Discovery Potential  9 anomalous areas identified along major structural conduits  High-priority:  Watson Prospect: 2.4km long Cu/Zn soil anomaly with quartz-pyrite-chalcopyrite veining. No gold assays. Never drilled  Porters Retreat Copper Mine: Historic adit and pits on quartz veins (12% Cu, 15g/t Au sample)1; associated with NE-trending porphyry intrusive. Never drilled  AC Prospect: 2m @ 1.6 ppm Au from 10m2 in air core drilling of a previously unrecognised quartz vein swarm. Never followed up Prospect location map for the Black Hammer Project on Lachlan Orogen geology 1 – McClatchie, L., 1971. Report on a BriefExamination of Mineral Occurrences Within E.L.A 766, Taralga-Porters Retreat District 2 – North Limited.,1998. Final Report on Exploration License 5371 Bimbimbie(SI 55-8) PORTERS RETREAT (EL9332) BLACK HAMMER PROJECT 8 Investor Presentation | December 2025  Large 3km x 3km hornblende monzodiorite intrusion with coincident basement magnetic anomaly  Intrusion is near surface and partially outcropping  Previously unrecognized circular basement magnetic feature  3 major structural conduits  Widespread alteration and sulphides: chlorite– sericite–pyrite plus quartz–albite–pyrite– chalcopyrite veining  Spatially associated with angular alluvial gold in the Retreat River  Represents a mineralised alkali porphyry system in the Macquarie Arc — never drill tested VRMI magnetics at Porters Retreat (EL9332) outlining Ordovician monzodiorite intrusion, unexplained basement magnetic anomaly and major structures Unexplored Porphyry Potential in the Macquarie Arc PORTERS RETREAT (EL9332) BLACK HAMMER PROJECT 9 Investor Presentation | December 2025 Underexplored Licence in the Macquarie Arc with Multiple High-Grade Targets  136km² tenementcovering the easternmost exposures of the highly prospective Macquarie Arc  10 metallic mineral occurrences recorded within the tenement including the historic Tuglow Copper Mines, Hughes Copper Mine and Chatham Valley Gold Mines  Prospective for:  Porphyry and vein-hosted Cu-Pb-Zn (Tuglow Copper Mines)  Orogenic Au (Chatham Valley Au Mines)  Alluvial and deep lead Au, sapphires, zircon & diamonds (Retreat and Tuglow Rivers)  Underexplored – No drilling since 1998 Prospect location map for EL9826 over Lachlan Orogen geology TUGLOW (EL9826) BLACK HAMMER PROJECT 10 Investor Presentation | December 2025 (a) Chalcopyrite-galena-sphalerite ore from mine dump, Hughes copper mine3. (b) Quartz-pyrite-chalcopyrite breccia in TDDH2, 39.6m (Tuglow Copper Mines). (c) Quartz-chalcopyrite-pyrite-sphalerite vein in TDDH2, 54.3m (Tuglow Copper Mines). (d) Quartz-sphalerite-galena-pyrite veining in TDDH2, 45.4m (Tuglow Copper Mines) Multiple Undrilled Historic Mines with High-Grade Potential  Tuglow Copper Mines: 1.5km’s N-S strike of workings parallel lodes with grades up to 14% Cu, 26.4g/t Au, 283g/t Ag, 23.02% Pb, 13.1% Zn1; mineralised, unsampled core in government archive (pictured)  Hughes Copper Mine: 1915 pits and shafts on intrusive-related Cu-Pb veins; never drilled  Chatham Valley Mines: 1911-1938 gold leases; quartz-limonite veins up to 9 g/t Au2; shafts to 50m, battery on site; no modern exploration  Other: Shooters Hill (gold-bearing quartz vein), Retreat and Tuglow Rivers (alluvial gold), diamonds (historic reports from Mt Werong/Vulcan SF) 1 - McClatchie, L., 1971. Report on a BriefExamination of Mineral Occurrences Within E.L.A 766, Taralga-Porters Retreat District 2 - Carne, J. E., 1908. The Copper-MiningIndustry and the Distributionof Copper Ores in New South Wales 3 – Mim Exploration Annual & Final Report for the Period 8 October 2001 to 31 March 2002 (a) (b) (c) (d) TUGLOW (EL9826) BLACK HAMMER PROJECT 11 Investor Presentation | December 2025 BLACK HAMMER PROJECT: NEXT STEPS Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q3 2025 Q4 2025 • Geological mapping • Rockchipping • Assays Q1 2026 • Aircore drilling • Magnetic survey • I.P survey • Gravity survey • Assays Q2 2026 • Targeted drilling • Assays Q3 2026 • Assays • Next steps Q3 2025 • Historic data compilation • Land access Untested porphyry potential in the prospective Macquarie Arc 12 Investor Presentation | December 2025 Cu = >0.51Mt Zn = >2.45Mt Pb = >1.48Mt Au = >48t Ag = > 3700t EAST LACHLAN BASINS METAL ENDOWMENT1 Source: Endowment figures for Silurian volcano-sedimentary deposits of the East Lachlan Orogen, based on GSNSW MetIndEx data1 PEAK VIEW PROJECT (EL9411, EL8931) CONTAINING HIGH-GRADE VHMS PRECIOUS & BASE METALS PROSPECTS IN A TIER-1 JURISDICTION Project location map on geology and deposits/mines of the Lachlan Fold Belt 1 – Greenfield et al., 2015. A Review of Metalliferous Basins in New South Wales https://www.smedg.org.au/mines-and-wines-2015-files/papers/Bulletin%20M&W%202015%20v1_9.pdf 13 Investor Presentation | December 2025  <50km along strike from the historic, high-grade Captains Flat Zn-Pb-Ag-Cu-Au Mine, on the same mineralised Narongo Fault  Captains Flat delivered exceptional production: 406kt Zn, 244kt Pb, 27kt Cu, 7.4Moz Ag and 220koz Au from just 4Mt of ore1  30 recorded mineral occurrences between Captains Flat and the Peak View Prospect highlighting the fertility of the Narongo Fault  Narongo Fault extends for >18km through EL9411, offering significant exploration upside  Multiple intersecting cross-structures; ideal structural setting Bouguer gravity image on tilt-angle filtered magnetic imagery with Lachlan Orogen structures and mineral occurrences 1 - https://skylarkminerals.com/australian-brownfield-exploration/0000 Outstanding Structural Architecture with District-Scale Potential PEAK VIEW PROJECT PEAK VIEW PROSPECT (EL9411) 14 Investor Presentation | December 2025 PVD007: 1.85m @ 4.25% Cu, 1.23% Pb, 2.9% Zn & 60g/t Ag from 90.95m  Historic drilling confirms high-grade massive sulphides  Exceptional peak grades: 4.25% Cu, 880g/t Ag, 1.16g/t Au, 17.2% Zn, 9.1% Pb  Classic Captains Flat/Woodlawn-style VHMS system with >1km of mineralized strike  Prospect is open to the north and south  Significantly underexplored — no geophysics or lab-grade surface geochemistry completed since 1995 Proven High-Grade VMS, Untested by Modern Exploration Peak View Prospect – Drill collar location overlayed on Local Geology PEAK VIEW PROJECT PEAK VIEW PROSPECT (EL9411) 15 Investor Presentation | December 2025  Located on a >10km parallel structure 5km east of the historic high-grade Cawarra goldfield  ~14,000 oz Au mined by BHP in the 1930s and 19,300 oz produced by Horizon Pacific in the 1980s, with average grades of 6-8 g/t Au1  Recent nearby drilling highlights the potential of the area:  21m at 3.7 g/t Au from 32m in OCR0051  19m at 3.6 g/t Au from 105m in OCRC0051  21m at 5.1 g/t Au from 40m in OCRC0061  Historic drilling at Peak View was only selectively assayed for Au TMI RTP magnetic image of Peak View EL9411 highlighting major structures (red) and Au, Cu, Zn mineral occurrences A Golden Opportunity 1 – see https://www.zenithminerals.com.au/gold-and-base-metals/cowarra/ PEAK VIEW PROJECT PEAK VIEW PROSPECT (EL9411) 16 Investor Presentation | December 2025 High-Grade Silver-Gold Potential Along Fertile Intrusive Contact  Approx 10km of highly prospective granitic intrusive contact  Fertile contact hosting Big Badja Ag-Pb-Au Mine, Undoo Creek Au and Umeralla Mountain prospects  Big Badja Mine: high-grade quartz–sulphide veins, assays up to 9,469g/t Ag1 and 10.22kg/t Au (10,220g/t Au) from shallow workings2, minimal modern exploration, never drilled  Umeralla Mountain: gossanous rockchips to 2,600ppm Cu, 1,130ppm Pb & 3g/t Ag3 — never followed up  Undoo Creek: historic gold workings, never drill tested 1 – Grunberg, M., 1972. Authority to Prospect No. 3665. 12 Months ProspectingReturn. 2 – Herzberger, G. A & Barnes, R. G., 1978. Bega 1:250,000 Metallogenic Map, Mine Data Sheets & Metallogenic Study 3 – Western Mining Corporation, 1979. Final Exploration Report, EL871, Umaralla PEAK VIEW PROJECT BIG BADJA PROSPECT (EL8931) Geological map of the Big Badja Prospect showing prospective granite-sediment contact and mineral occurrences 17 Investor Presentation | December 2025 High-Grade Silver-Gold Potential Along Fertile Intrusive Contact  3km long Pb-Zn anomaly associated with the fertile granite-sediment intrusive contact; never followed up  The soil anomaly is along strike from the historic high-grade Big Badja Silver Mine: assays up to 9469g/t Ag1 and 10.22kg/t Au2 (10,220g/t Au) from shallow workings  Southern-most line hosts values up to 1620ppm Pb, 250ppm Cu, 100ppm Zn; still open to the south Geological map of the Big Badja project (EL8931) showing Pb-Zn soil anomaly in relation to intrusive granite-sediment contact 1 – Grunberg, M., 1972. Authority to Prospect No. 3665. 12 Months ProspectingReturn. 2 – Herzberger, G. A & Barnes, R. G., 1978. Bega 1:250,000 Metallogenic Map, Mine Data Sheets & Metallogenic Study PEAK VIEW PROJECT BIG BADJA PROSPECT (EL8931) 18 Investor Presentation | December 2025 PEAK VIEW PROJECT: NEXT STEPS High Upside in a Proven VHMS Belt Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q3 2025 Q4 2025 • Geological mapping • Rockchipping • ME-MS61 soils • Assays Q1 2026 • Gravity survey • I.P survey • Assays Q2 2026 • Targeted drilling • Assays Q3 2026 • Assays • Next steps Q3 2025 • Historic data compilation • Land access 19 Investor Presentation | December 2025  Strategic landholding in the prolific Mt Ida–Ularring Greenstone Belt, WA  Mt Ida and Bottle Creek Gold Projects (Figure 2) Alt has delivered a JORC 2012 Measured, Indicated and Inferred resource (Table 1) of 571,000oz Au @ 1.54g/t and 4,380,000oz Ag @ 20.1 g/t  Historically explored only for iron ore – no systematic gold geochemistry or drilling undertaken  Immediate upside from applying proven techniques that have delivered major discoveries in the district  Leverage to strong regional interest in gold (multiple operating plants within 30 km) Geological Map of the Deep Dykes Project showing the location of nearby deposits 1 - https://announcements.asx.com.au/asxpdf/20200814/pdf/44lj6rj9wqk8r0.pdf DEEP DYKES PROJECT (E29/1154, 55, 56 & E30/590) Underexplored Gold in the Prolific Mt Ida- Ularring Greenstone Belt 20 Investor Presentation | December 2025 DEEP DYKES PROJECT (E29/1154, 55, 56 & E30/590)  Ida Fault Zone – major gold-bearing structure transects tenure  Favourable geology – BIFs + mafic–felsic contacts, classic Archean hosts  Evidence nearby – up to 1.0 g/t Au in lag; gold in drillholes <1 km from boundary  Untested for gold – historic iron ore focus left this ground untouched  Proven analogues – geology comparable to Mt Ida 1:500k bedrock geological map of the Deep Dykes Project showing the location of nearby significant drilling and surface sampling results Untested Gold System in a Proven Belt 21 Investor Presentation | December 2025 DEEP DYKES PROJECT (E29/1154, 55, 56 & E30/590)  Regional datasets show no surface sampling across the Deep Dykes tenure  Represents 22 km of highly prospective greenstone belt left untouched for gold  Surrounding areas with similar geology host multiple gold deposits and anomalies  Unique opportunity: systematic sampling here for the first time could unlock a major discovery Tenement map of the Deep Dykes Project showing the location of historical surface sampling in the region A Blank Spot in a Proven Gold Belt 22 Investor Presentation | December 2025 DEEP DYKES PROJECT: NEXT STEPS PHASE 2 PHASE 3 PHASE 4 PHASE 5 PHASE 1 PHASE 2 • Structural mapping • Soil & auger sampling • Assays PHASE 3 • I.P survey • Gravity survey PHASE 4 • Targeted drilling RC & AC drilling • Assays PHASE 5 • Assays • Next steps PHASE 1 • Historic data compilation • Land access Untested gold system in a prospective greenstone belt 23 FORWARD PLAN AND MILESTONES PATH TO VALUE CREATION Mapping, rock chips and ME- MS61 soils at Peak View to follow up 9,469 g/t Ag Big Badja silver result; field program begins at Black Hammer. Q4 2025 Geophysical surveys over Tuglow Copper Mines and Peak View Project; aircore drilling at Black Hammer Q1 2026 Targeted drilling at Peak View Project and Black Hammer porphyry-style targets. Q2 2026 GOAL: MAKE HIGH IMPACT DISCOVERIES THROUGH APPLICATION OF MODERN EXPLORATION TECHNIQUES 24 Investor Presentation | October 2025 CONTACT ASX: 10X Brett Grosvenor Executive Chairman, Exultant Mining brett@exultantmining.com.au