Announcement PDF www.exultantmining.com.au Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 9th April 2026 MULTIPLE HIGH-PRIORITY DRILL TARGETS AT PEAK VIEW PROSPECT HIGHLIGHTS • IP survey defines four priority target zones, including a strong undrilled chargeability-resistivity anomaly open to the south • Untested western chargeability anomaly coincides with a 1.1km gravity high adjacent to the Peak View Thrust (Fig. 1) • Magnetic and gravity data highlight transverse structures interpreted to control mineralisation • Peak View Thrust interpreted as the southern continuation of the fertile Narongo Fault, which hosts the Captains Flat VMS deposit and >30 mineral occurrences along strike • Maiden drilling campaign to commence in coming weeks Exultant Mining Limited (ASX: 10X) (“Exultant” or “the Company”) is pleased to report results from recently completed induced polarisation (“IP”) and ground gravity surveys at the Peak View Prospect, located within the broader Peak View Project in New South Wales. Both surveys were designed to test the 900m-long multi-element Cu–Pb–Zn–Ag–Au soil anomaly previously defined by the Company’s soil sampling program1 . The dipole–dipole IP survey comprised four east–west oriented lines, each 1.6km in length and spaced 200m apart with 50m electrode spacing (Fig. 2). The ground gravity survey comprised 136 stations collected on a 100m x 100m grid. The newly acquired IP and gravity datasets, together with reprocessed and inverted historic airborne magnetic-radiometric data, have materially improved the Company’s understanding of the structural architecture at Peak View and defined multiple high-priority drill targets. Comment from Executive Chairman, Brett Grosvenor: “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. At a macro scale, this framework is highly comparable to that observed at major VMS deposits such as Woodlawn and Captains Flat, the latter of which lies along the same geological structure. We are highly encouraged by the strong coincident chargeability and resistivity response, which defines a compelling drill target and underpins our confidence in a potential new discovery at Peak View. www.exultantmining.com.au Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 We are now focused on final structural interpretation and drill hole design and look forward to commencing drilling in the coming weeks.” Figure 1. 3D image looking NW showing the western coincident chargeable-gravity high anomaly that is untested by historic drilling NEXT STEPS • Drilling application (APO) already lodged with the Resource Regulator for 15 drill holes • Integration and ranking of priority IP, gravity and structural targets • Targeted drill hole planning ahead of drilling at the Peak View Prospect • Finalisation of Drilling Contractor contract • Commencement of Maiden Drill Program in late April www.exultantmining.com.au Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 Figure 2. Completed dipole–dipole IP survey lines (4 x 1.6km E–W lines, 200m spaced) over mapped geology and the 900m-long Cu-Pb-Zn-Ag-Au soil anomaly (Cu displayed) at the Peak View Prospect PEAK VIEW PROSPECT - GEOPHYSICAL RESULTS Induced Polarisation Results The IP survey has defined four significant areas of interest at Peak View: 1. Western chargeability anomaly A ~700m-long moderate chargeability (>10msec) anomaly with local coincident resistivity highs has been defined to the west of historical drilling (Fig. 3). This anomaly has never been drill tested and represents a newly recognised target zone not previously identified by earlier explorers. Importantly, high-grade mineralisation intersected in historical drilling is associated with a relatively weak chargeability response (around 8msec), while the stronger, western chargeable anomaly exceeds 12msec. The anomaly appears to strengthen to the north, where it remains open. 2. Coincident chargeability and resistivity high beneath main soil anomaly A strong coincident chargeability high and resistivity high, with values up to 18msec and 4,900Ωm, respectively, has been identified beneath the widest part of the 900m-long multi-element soil anomaly. Significantly, this anomaly has never been tested by historical drilling and remains open to the south. PVI010 was drilled within 40m of the anomaly and returned 1.3m @ 3.4% Zn, 1.4% Pb, 21g/t Ag & 0.14% Cu from 106.1m3 (Fig. 4). www.exultantmining.com.au Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 3. Resistivity low anomaly down-dip of known massive sulphides A previously untested resistivity low, interpreted as a conductive anomaly, has been identified down-dip of massive sulphides intersected in historical drilling (Fig. 5). This target provides an important down-dip follow-up opportunity relative to known high-grade mineralisation. 4. Chargeability anomaly on sediment–granite contact A discrete chargeability high has been identified on the contact between sediments and granite to the east. This target represents an additional, previously untested position within the broader Peak View mineralised system. Figure 3. Plan view of IP chargeability at Peak View showing 8–20msec shells (top) and >12msec shells (bottom). Historical drilling targeted the weaker ~8msec response, while the stronger western anomaly remains untested Section 6006625 OPEN OPEN OPEN OPEN www.exultantmining.com.au Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 Figure 4. Section 6006625 (+/-25m) - showing historic drilling relative to coincident chargeability (green- red) and high resistivity shells (blue) underneath Cu-Pb-Zn-Ag-Au soil anomaly (Cu displayed) Figure 5. Cross section 6006835N (+/-20m) looking north showing untested resistivity low anomaly (green shells) down-dip from PVI006 (4.4m @ 342.7g/t Ag, 4% Pb, 1.1% Cu, 0.74g/t Au & 0.84% Zn from 48.7m)3 www.exultantmining.com.au Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 Ground Gravity Results The ground gravity survey has defined a 1.1km-long gravity high anomaly that is spatially coincident with the western ~700m-long chargeability anomaly (Fig. 1 & 6) and its associated local resistivity highs. The coincidence of these responses materially upgrades this target corridor and suggests potential for sulphide accumulation and/or dense alteration within a structurally favourable setting. The survey has also defined a ~1km-long gravity low anomaly that appears to coincide with the area targeted by much of the historical drilling. This contrast highlights that significant parts of the broader system, including the newly recognised gravity high corridor, remain effectively untested by earlier exploration. TECHNICAL DISCUSSION To provide further context for the IP and gravity results, the Company has reprocessed and inverted historic airborne magnetic-radiometric data acquired by Denehurst in 19942 . This work has materially improved structural interpretation across the prospect area and delineated several NW–SE trending transverse structures that intersect the Peak View Prospect. This structural architecture is comparable with that recognised at nearby VMS deposits such as Captains Flat and Woodlawn, where subtle cross-structures are interpreted to play an important role in localising mineralisation. At Peak View, these transverse structures appear to be influencing both the geophysical and geochemical anomaly patterns (Fig. 6). Notably, the multi-element surface geochemical anomaly broadens markedly where one of these structures intersects the prospect, broadly coincident with a strong chargeability and resistivity high defined by the IP survey (Fig. 3 & 4). This southern anomaly is interpreted to lie within the footwall and may reflect an accumulation of disseminated sulphides within an envelope of silicic alteration, producing the combined chargeability-high and resistivity-high response. In a VMS setting, this type of response may be consistent with a footwall feeder zone, which is commonly associated with copper-rich sulphides, although the source of the anomaly remains untested and will require drilling to confirm. In addition to the NW–SE transverse structures, a major NNW-striking mapped thrust fault, locally termed the Peak View Thrust, forms the contact between the Yalmy Group to the east and the Jerangle Metamorphic Complex to the west. This structure is interpreted to represent the southern continuation of the Narongo Fault, a major regional mineralising conduit that hosts the Captains Flat VMS deposit and more than 30 recorded mineral occurrences between Captains Flat and the Peak View Prospect (Fig. 7), highlighting the apparent fertility of this structural corridor. Significantly, the 1.1km-long gravity high with coincident IP chargeability is located directly adjacent to the Peak View Thrust and is intersected by several transverse structures, defining a compelling untested structural target. The combined chargeability and density response may reflect either a dense accumulation of disseminated sulphides or disseminated sulphides developed within an iron-rich alteration system, although the anomaly remains untested. Importantly, the Company’s surface geochemical sampling did not extend sufficiently west to fully test the Peak View Thrust corridor. www.exultantmining.com.au Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 A third key feature is the low resistivity anomaly identified directly down-dip of, and along the same prospective horizon as one of the best historical drill intercept at the prospect, PVI006 (4.4m @ 342.7g/t Ag, 4.0% Pb, 1.1% Cu, 0.74g/t Au and 0.84% Zn from 48.7m3 ) (Fig. 5). This anomaly may indicate a thicker accumulation of more conductive sulphides along the same horizon that hosts massive sulphide mineralisation intersected in historical drilling. By contrast, the ~1km-long gravity low appears to coincide with a unit of coarse- to fine-grained rhyolite, suggesting lithological density contrast may explain at least part of that response. The combination of favourable structural architecture, strong surface geochemical anomalism and multiple untested geophysical anomalies materially upgrades the prospectivity of Peak View and supports priority drill testing. www.exultantmining.com.au Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 Figure 6. Plan view of the Peak View Prospect ground gravity survey with interpreted structures and the mapped Peak View thrust fault showing the coincident chargeable-gravity high (red) anomaly west of historic drilling www.exultantmining.com.au Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 Figure 7. Bouguer gravity image on tilt-angle filtered magnetic imagery with Lachlan Orogen structures and recorded mineral occurrences highlighting the fertile Narongo Fault www.exultantmining.com.au Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 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 - See ASX 10X announcement "Strong Soil Anomalies Deliver High-Priority Targets-PeakView" - 11th February 2026 2 - Denehurst Limited., 1994. Annual Report for EL4613 For the Period Ending October 29, 1994 - R00001119 (GS1995/044) 3 - Refer to Table 1 www.exultantmining.com.au Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 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 Peak View, Big Badja and Undoo Creek prospects. www.exultantmining.com.au Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 Disclaimer Some of the statements appearing in this announcement may be in the nature of forward-looking statements.You should be aware that suchstatements are only predictions and are subject to inherent risks and uncertainties. Those risks and uncertainties include factors and risks specific to the industries in which Exultant 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, information compiled and reviewed by Sebastian Hind. Mr Hind is a senior geologist for Exultant Mining Limited and a Member of the Australasian Institute of Mining and Metallurgy (Membership number 3116971). 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. www.exultantmining.com.au Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 Table 1: Summary of Peak View Prospect Significant Intersects (3% Zn+Pb or 0.5% Cu or 30g/t Ag or 0.5g/t Au Cut-off) ID FROM TO LENGTH (m) Ag ppm Au ppm Cu % Pb % Zn % PV001 78.7 79.2 0.5 114.0 0.17 3.08 8.28 PV001 79.2 80.0 0.8 36.0 0.46 1.10 PV002 25.0 25.2 0.2 31.0 0.25 PV002 164.1 164.8 0.7 95.0 2.60 2.09 PV002 164.8 165.5 0.8 269.0 0.75 3.82 7.74 PV002 165.5 166.5 1.0 63.0 0.12 0.63 1.51 PVD003 32.2 32.3 0.1 90.0 0.05 3.40 1.39 3.60 PVD003 32.3 32.4 0.1 70.0 0.05 1.55 1.61 4.50 PVD003 32.4 32.5 0.1 70.0 2.30 1.56 4.20 PVD003 32.5 32.6 0.1 80.0 0.05 1.53 1.83 4.90 PVD003 32.6 32.7 0.1 100.0 0.15 1.79 7.40 6.90 PVD003 32.7 32.8 0.1 110.0 0.10 1.76 4.50 10.30 PVD003 32.8 32.9 0.1 140.0 0.10 2.80 2.20 6.10 PVD003 32.9 33.0 0.1 100.0 0.10 2.60 5.10 11.20 PVD003 33.0 33.1 0.1 110.0 0.25 1.02 10.10 18.90 PVD003 33.1 33.2 0.1 110.0 0.25 9.50 17.90 PVD003 33.2 33.3 0.1 110.0 0.20 10.90 18.20 PVD003 33.3 33.4 0.1 90.0 0.20 1.06 7.60 15.20 PVD003 33.4 33.5 0.1 100.0 0.20 1.63 7.90 15.80 PVD003 33.5 33.6 0.1 100.0 0.25 4.40 6.70 14.50 PVD003 33.6 33.7 0.1 90.0 0.10 5.60 3.60 7.30 PVD003 33.7 33.8 0.1 70.0 0.20 1.71 5.60 14.30 PVD003 33.8 33.9 0.1 110.0 0.15 1.28 4.50 15.40 PVD003 33.9 34.0 0.1 200.0 0.35 1.39 7.80 22.00 PVD003 34.0 34.1 0.1 190.0 0.25 1.71 11.90 22.00 PVD003 34.1 34.2 0.1 100.0 0.20 9.20 9.70 PVD003 37.6 37.7 0.1 70.0 2.90 5.60 PVD005 50.0 53.0 3.0 17.0 0.30 1.27 2.30 PVD005 52.3 52.8 0.5 90.0 0.30 8.50 15.60 PVD006 50.6 51.0 0.4 150.0 0.05 2.90 5.50 PVD006 51.0 51.6 0.6 46.0 0.10 1.28 2.30 PVD007 91.0 92.8 1.9 60.0 0.40 4.25 1.23 2.90 PVD007 92.8 93.2 0.4 40.0 0.50 3.70 11.00 PVD007 93.2 93.6 0.4 25.0 0.05 1.39 PVD012 36.0 38.0 2.0 5.0 1.92 2.50 PVD012 48.0 48.2 0.2 5.0 1.00 PVD013 200.1 201.0 1.0 22.0 0.05 1.16 3.20 www.exultantmining.com.au Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 ID FROM TO LENGTH (m) Ag ppm Au ppm Cu % Pb % Zn % PVD013 201.0 201.5 0.5 60.0 0.10 1.15 3.20 11.20 PVD013 201.5 201.9 0.4 27.0 0.05 1.44 1.35 PVD014 215.5 215.7 0.2 90.0 2.60 4.60 PVD014 216.1 216.4 0.3 140.0 0.50 1.00 PVD014 217.0 219.0 2.0 130.0 PVI001 180.0 180.4 0.4 62.6 0.70 PVI001 183.2 183.6 0.4 2.0 0.50 PVI002 160.1 160.2 0.1 64.2 0.50 1.37 2.75 PVI002 218.4 218.9 0.5 3.3 1.33 2.43 PVI003 45.9 46.4 0.5 41.5 0.30 2.35 4.96 PVI003 46.4 47.5 1.1 35.5 PVI003 47.5 48.4 0.9 131.0 0.60 1.18 PVI003 48.4 49.9 1.5 34.2 PVI003 53.0 53.7 0.7 6.1 PVI003 53.7 54.0 0.3 28.0 0.20 3.47 6.71 PVI003 54.0 54.5 0.5 12.0 1.22 2.32 PVI003 54.5 56.2 1.7 24.0 0.30 0.99 3.93 6.77 PVI003 56.2 57.4 1.2 60.0 PVI003 83.3 84.4 1.1 2.0 0.80 PVI005 48.3 48.5 0.2 28.0 0.30 1.29 3.39 PVI006 48.7 49.7 1.0 150.0 0.24 1.46 PVI006 49.7 50.2 0.5 334.0 2.29 2.58 7.31 PVI006 50.2 50.9 0.7 1270.0 0.36 1.41 7.02 PVI006 50.9 51.7 0.8 72.0 0.64 1.62 PVI006 51.7 52.3 0.6 155.0 0.51 1.05 2.67 PVI006 52.3 53.1 0.8 75.0 0.40 4.33 3.73 PVI006 53.1 54.3 1.2 13.0 0.10 1.38 2.48 PVI007 93.7 94.1 0.4 7.0 1.40 PVI008 152.6 153.3 0.8 155.0 0.50 1.21 11.60 22.00 PVI008 153.3 153.5 0.2 10.0 1.57 PVI009 253.5 254.5 1.0 6.0 PVI009 254.5 255.0 0.5 3.0 1.22 PVI009 255.0 255.6 0.6 6.0 0.20 3.55 5.76 PVI009 256.0 257.0 1.0 4.0 1.38 2.80 PVI009 258.0 258.6 0.6 33.0 3.46 6.15 PVI010 106.1 106.3 0.2 28.0 0.40 1.38 2.71 PVI010 106.3 106.8 0.5 13.0 PVI010 106.8 107.4 0.6 22.0 2.79 7.34 www.exultantmining.com.au Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 Table 2: Summary of Peak View Historic Drill Collars ID MGA20z55_ E MGA20z55_ N RL DI P AZ I DEPT H COMPANY PVD001 713561 6006751 950 -60 255 108.8 Western Mining Corporation Limited PVD002 713561 6006751 950 -90 0 107 Western Mining Corporation Limited PVD003 713351 6007164 988 -75 255 118.5 Western Mining Corporation Limited PVD004 713701 6006138 939 -60 255 122.2 Western Mining Corporation Limited PVD005 713395 6007112 983 -60 270 79.8 Western Mining Corporation Limited PVD006 713358 6007214 995 -60 270 89.4 Western Mining Corporation Limited PVD007 713406 6007162 991 -75 270 110 Western Mining Corporation Limited PVD008 713423 6007060 978 -60 270 99 Western Mining Corporation Limited PVD009 713459 6006959 978 -75 270 80 Western Mining Corporation Limited PVD012 713669 6006241 935 -60 270 106.7 Western Mining Corporation Limited PVD013 713487 6007161 989 -75 270 231.7 Western Mining Corporation Limited PVD014 713479 6007261 994 -75 270 284.5 Western Mining Corporation Limited PVD015 A 713554 6007057 976 -60 270 79.9 Western Mining Corporation Limited PVD015 B 713554 6007057 976 -65 270 234.9 Western Mining Corporation Limited PV001 713372 6007277 998 -60 270 109.5 Denehurst PV002 713368 6007269 998 -90 0 181.5 Denehurst PVI001 713432 6007225 100 9 -75 265 220 Ironbark Zinc Limited PVI002 713507 6007097 100 0 -75 255 243.8 Ironbark Zinc Limited PVI003 713509 6006880 967 -75 255 89.5 Ironbark Zinc Limited PVI004 713446 6007016 979 -75 270 125.4 Ironbark Zinc Limited PVI005 713498 6006921 966 -75 270 69.5 Ironbark Zinc Limited PVI005B 713498 6006920 966 -75 240 78.1 Ironbark Zinc Limited PVI006 713537 6006825 970 -75 275 69.3 Ironbark Zinc Limited PVI007 713537 6006825 970 -85 80 126.3 Ironbark Zinc Limited PVI008 713601 6006861 995 -75 275 264.5 Ironbark Zinc Limited PVI009 713558 6007164 985 -75 275 306.6 Ironbark Zinc Limited PVI010 713598 6006639 948 -75 275 116.8 Ironbark Zinc Limited www.exultantmining.com.au Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 Table 3: References to Historic Explorers’ Drill Results Reference Source Company Year NSW Title Previously Reported under a prior JORC Code Link to source R00011711 Western Mining Corporation 1978 PL 278 No https://search.geoscience.nsw.gov.au/ report/R00011711 R00011712 Western Mining Corporation 1978 PL 278 No https://search.geoscience.nsw.gov.au/ report/R00011712 R00011276 Western Mining Corporation 1980 PL 278 No https://search.geoscience.nsw.gov.au/ report/R00011276 R00011278 Western Mining Corporation 1980 PL 278 No https://search.geoscience.nsw.gov.au/ report/R00011278 R00001119 Denehurst Limited 1994 EL 4613 No https://search.geoscience.nsw.gov.au/ report/R00001119 RE0002300 Ironbark Zinc limited 2011 EL 6925 Yes https://search.geoscience.nsw.gov.au/ report/RE0002300 RE0003813 Ironbark Zinc limited 2012 EL 6925 Yes https://search.geoscience.nsw.gov.au/ report/RE0003813 www.exultantmining.com.au Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 Appendix A: Peak View JORC Code, 2012 Table 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. Geophysics • The geophysical program comprised an induced polarisation (IP) survey and a ground gravity survey completed over the Peak View Prospect. The IP survey was designed as a time-domain dipole-dipole survey with 50m receiver dipole length and 50m transmitter dipole length. • Survey parameters included up to n=16 levels, signal dependent, with a 2 second cycle (0.125 Hz). • The planned survey comprised four east-west oriented lines of approximately 1,550m each, spaced 200m apart, for total planned coverage of approximately 6.6 line km. • The gravity survey was designed on a nominal 100m x 100m station grid over the prospect area, for approximately 136 stations, with provision for additional 50m infill stations over areas of interest if required. Rock Chip Sampling • Rock Chips are broken from outcrop or float using a steel Estwing geological hammer, the entire sample (nominal 0.5kg) is pulverised to produce a 30g charge for fire assay (Au-AA23) to analyse for Au and 0.25g is used for multi- element analysis (ME-MS61), where it uses a four acid digestion to dissolve nearly all minerals. It’s then measured using a mass spectrometer and optical emission spectrometer. • Sample locations are marked using handheld GPS • Sampling is conducted by Company personnel www.exultantmining.com.au Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 Criteria JORC Code Explanation Commentary • Lithology, alteration and mineralogy are logged in the field and entered into a spreadsheet by a company geologist Historic sampling • Historic sampling includes: o Stream sediment sampling by multiple explorers (WMC 1971, Delta Gold 1993). o Soil sampling campaigns by WMC at Peak View Prospect. o Drilling by WMC during 1978-82 period (14 holes), Denehurst in 1995-96 (2 holes) and Ironbark Zinc during 2010-2012 (11 holes) at Peak View Prospect with 1,170 samples analysed for Cu, Pb, Zn, As, Ag. Some of the samples were assayed for Au. • Analytical methods included AAS and fire assay; however, QAQC protocols from 1975-1995 are not consistently documented in available reports. • Rock chips collected by Peak View Exploration were pulverized to produce a 25g charge for aqua regia digestion with a MS analytical finish to analyze for 52 elements (AR25/MS52) 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). • 27 drill holes completed historically between 1975-2012, comprising: o WMC 1978 – 1982: 14 diamond drillholes for total of 1,852 metres with an average of 132 m. o Denehurst 1995-96: 2 diamond drillholes for total of 291 m. o Ironbark Zinc 2010-2012: 11 diamond drill holes for total of 1,710 m. • Hole orientations generally –60° toward local grid west. • Diamond holes were NQ/HQ Size. • Drilling unit was track mounted. • Core orientation methods not documented in available reports. www.exultantmining.com.au Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 Criteria JORC Code Explanation Commentary 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. • Recovery records are limited or inconsistently reported in historic drilling programs. • No systematic recording of core recovery or sample quality documented for early programs (1975-1995). • Potential sample bias due to preferential loss in broken ground zones cannot be assessed from available data. 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. • Historic core has been geologically logged to varying standards depending on the operator and time period. • Logging generally qualitative in nature, focusing on lithology, alteration, and mineralisation. • Core photography not systematically undertaken in early programs. • Detailed structural logging limited, though some programs noted shear- foliation oriented N-S with steep dip. • Most intersections appear to have been logged, though detail level varies significantly between operators. 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. • Measures taken to ensure that the sampling is representative of the insitu material collected, • Core sampling methods are not consistently documented across all historic programs. • RC samples collected at 0.66 m intervals in most programs; Diamond drilling samples collected at 0.1 m intervals. • Sample preparation procedures varied between operators and time periods. • No documented field duplicate or second-half sampling programs. • Quality control procedures for sub-sampling are not systematically documented for early programs. • Rock Chips are broken from outcrop or float using a steel Estwing geological hammer, the entire sample (nominal 0.5kg) is pulverised t