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 13th August 2026 www.exultantmining.com.au BALERION DRILLING INTERSECTS SULPHIDE-BEARING CONTACT ZONE HIGHLIGHTS • BLRCDD004 and BLRCDD005 successfully tested the interpreted mineralised sheared contact down-dip of historical high-grade polymetallic intersections with visible sphalerite-galena-chalcopyrite sulphides observed • Core photos and visual logging from BLRCDD004 and BLRCDD005 show disseminated, semi-massive and narrow massive sulphides within the targeted shear zone, with BLRCDD005 displaying the stronger visual sulphide development. • Results support an emerging interpretation that stronger sulphide development is focused along the sheared rhyolite-volcaniclastic contact • Assay results from BLRCDD001 & BLRCDD002 confirm base metal and silver anomalism • BLRCDD006 is underway as the planned final hole of the current program, after which drilling, assay, geological, geochemical and geophysical datasets will be integrated to determine the next phase of exploration Exultant Mining Limited (ASX: 10X) (“Exultant” or “the Company”) is pleased to provide an update on its maiden drilling program at the Balerion Prospect, located within the Company’s Peak View Project in New South Wales. This announcement reports laboratory assays from BLRCDD001 and BLRCDD002 and preliminary visual observations from BLRCDD004 and BLRCDD005. Laboratory assays for BLRCDD004 and BLRCDD005 remain pending. Comment from Executive Chairman, Brett Grosvenor: “The latest drilling has advanced our understanding of Balerion and, importantly, has intersected the targeted rhyolite-volcaniclastic contact in BLRCDD004 and BLRCDD005 down-dip of historical high-grade mineralisation. The presence of disseminated, semi-massive and narrow massive sulphides within the sheared contact zone is encouraging, particularly in BLRCDD005 where visible sulphides appear more abundant than in BLRCDD004. While laboratory assays are required before grade can be determined, the visual 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 observations are consistent with our current interpretation that the sheared contact is an important control on stronger sulphide development. The assays received from BLRCDD001 and BLRCDD002 were generally low grade, but they are still useful in refining our geological model. They suggest that the underlying volcaniclastic package is mineralised, with higher-grade sulphides more likely to be concentrated where hydrothermal fluids have exploited the sheared contact with the overlying rhyolite. This is a positive step for the program and we look forward to the receipt of the outstanding assays from BLRCDD004 and BLRCDD005 to confirm our understanding. With BLRCDD006 now underway, we look forward to integrating the full drilling, assay, geological, geochemical and geophysical datasets to guide the next phase of exploration at Balerion.” BALERION DRILLING SUMMARY Balerion is contained within Exultant’s 100%-owned EL9411 tenement, located approximately 35km northeast of Cooma in New South Wales. The prospect comprises multi-element geochemical anomalism together with IP chargeability, resistivity, gravity and magnetic responses associated with altered volcanic and sedimentary rocks. Exultant has completed five reverse circulation and diamond drill holes (BLRCDD001-BLRCDD005) at the Balerion Prospect during the current program. The holes were designed to test priority geophysical and geochemical targets defined by surveys previously completed by Exultant. Historical assay results and drilling completed to date have demonstrated the presence of a consistent, sheared and mineralised contact between an overlying unit of coarse-grained rhyolite and an underlying volcaniclastic sandstone. The higher-grade sulphide intersections identified to date are associated with the shear zone developed along this contact, while lower-grade disseminated and vein-hosted sulphides occur within the underlying volcaniclastic package. The results from these holes are discussed and presented below. BLRCDD004 – visual results BLRCDD004 was drilled to a total depth of 267.4m and intersected a package of sedimentary and volcanic rocks with a strongly altered, talc-rich shear zone at the contact between an overlying rhyolite and underlying volcaniclastic sandstone. Narrow intervals of semi-massive and locally massive sulphides were observed within the shear zone (Fig. 1). BLRCDD004 targeted a resistivity-low anomaly approximately 190m down-dip from high-grade massive sulphides intersected in historical drillhole PVI003 which previously returned 2.5m @ 5.87% Zn, 3.33% Pb, 0.67% Cu & 22g/t Ag from 53.7m1 and approximately 80m down-dip of PVI008, which previously returned 0.8m @ 22.0% Zn, 11.6% Pb, 1.2% Cu, 155g/t Ag and 0.5g/t Au from 152.6m¹ (Fig. 2). Visual sulphide estimates for BLRCDD004 are provided in Table 2. Visual estimates of mineral abundance are preliminary and should not be considered a proxy or substitute for laboratory analysis. They do not determine metal grades and may not identify impurities or deleterious physical properties relevant to 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 valuation. Samples from BLRCDD004 have been submitted to the laboratory for analysis, with results expected in 4 - 6 weeks. BLRCDD005 samples are expected to be dispatched in 1 week with results expected in 6 - 8 weeks. BLRCDD005 – visual results BLRCDD005 targeted a resistivity-low anomaly approximately 220m down-dip of historical drillhole PVI006 (Fig. 3), which previously intersected 4.4m @ 342.7g/t Ag, 4.0% Pb, 1.1% Cu, 0.74g/t Au & 0.84% Zn from 48.7m.¹ The hole was drilled to a total depth of 271.9m and intersected the same stratigraphic package and strongly altered, talc-rich sulphide-bearing shear zone observed in BLRCDD004 (Fig. 1). Disseminated, semi-massive and massive sulphides were more abundant in BLRCDD005 than in BLRCDD004. Visual sulphide estimates for BLRCDD005 are provided in Table 2. The abundance and distribution of visible sulphides do not establish metal grades, which can only be determined by laboratory analysis. Samples from BLRCDD005 are pending submission. 6.5cm (a) (b) 6.5cm 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. (a) Massive sphalerite-pyrite-galena-chalcopyrite mineralisation hosted within a talc shear zone in BLRCDD005, 251.75m. (b) Heavy disseminated sphalerite-pyrite-galena-chalcopyrite mineralisation in BLRCDD004, 212.5m. (c) Semi-massive sphalerite-pyrite-galena in talc-rich shear zone in BLRCDD005, 247m. (d) Sphalerite-galena-pyrite mineralisation in talc-rich shear zone in BLRCDD005, 251.4m. Visual estimate only; assays pending. Refer to Table 2 for visual sulphide estimates and cautionary statement. (c) (d) 6.5cm 6.5cm 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. Section 6006865 (+/-20m) showing BLRCDD004 targeting a resistivity low anomaly (green shells) down dip of historic high-grade mineralisation intersected in PVI003 (2.5m @ 5.87% Zn, 3.33% Pb, 0.67% Cu & 22g/t Ag from 53.7m)¹ and PVI008 (0.8m @ 22.0% Zn, 11.6% Pb, 1.2% Cu, 155g/t Ag and 0.5g/t Au from 152.6m)¹ Figure 3. Section 6006825 (+/-20m) showing BLRCDD005 targeting a resistivity low anomaly (green shells) 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 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 ASSAY RESULTS BLRCDD001 BLRCDD001 targeted a coincident chargeability and resistivity high located within the volcaniclastic footwall (Fig. 4). The hole intersected strongly altered volcanic and sedimentary rocks containing disseminated and narrow vein-hosted zinc-lead-copper sulphides. Laboratory assays confirmed generally low-grade zinc-lead-copper-silver mineralisation. Results included: • 3.0m @ 0.14% Zn, 0.11% Pb, 0.01% Cu and 0.58g/t Ag from 82.0m, including: o 1.0m @ 0.31% Zn, 0.21% Pb, 0.02% Cu and 0.72g/t Ag from 84.0m; and • 0.5m @ 0.29% Cu, 0.14% Pb and 2.41g/t Ag from 105.5m BLRCDD002 BLRCDD002 targeted a resistivity-low anomaly (Fig. 5) and intersected a very strongly sheared and deformed contact between overlying rhyolite and underlying volcaniclastic rocks. The contact zone contained intense alteration together with disseminated, banded and vein-hosted sulphides. Assays returned broad, generally low-grade silver and base-metal anomalism, including: • 10.7m @ 2.70g/t Ag from 125.6m, containing 3.9m of core loss, including: o 1.5m @ 7.30g/t Ag from 131.8m; • 10.3m @ 0.21% Zn, 0.05% Pb and 0.57g/t Ag from 149.0m, containing 2.1m of core loss, including: o 0.6m @ 1.12% Zn, 0.17% Pb, 0.07% Cu and 2.35g/t Ag from 152.0m; and • 4.3m @ 0.16% Cu and 1.09g/t Ag from 164.0m BLRCDD002 intersected multiple zones of significant shearing. The 10.7m interval from 125.6m contains 3.9m of core loss, while the 10.3m interval from 149.0m contains 2.1m of core loss. Core-loss intervals have been retained within the reported downhole widths and assigned zero grade for Zn, Pb, Cu and Ag when calculating length-weighted composite grades. The assay results from BLRCDD001 and BLRCDD002 confirm the presence of zinc-lead-copper-silver mineralisation, although grades were generally low. The geological and structural information obtained from the holes will be incorporated into the Company’s interpretation of the Balerion Prospect. BLRC003 No significant assay results were returned from BLRC003. 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 6006565N (+/- 25m) showing BLRCDD001 drill trace and assay results in relation to the coincident chargeable (green-red shells) - resistive high anomaly it was targeting Figure 5. Section 60066405N (+/- 25m) showing BLRCDD002 drill trace and assay results in relation to the resistivity low (green shells) anomaly it was targeting down dip of PVI010 (1.3m @ 3.4% Zn, 1.4% Pb, 21 g/t Ag & 0.14% Cu from 106.1m)1 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 STATUS & NEXT STEPS • BLRCDD006 is currently being drilled and was at a depth of 95m at the time of writing. • BLRCDD006 is planned as the final hole of the current drilling program, following the completion of five holes at Balerion and is planned to test a chargeable anomaly up-dip of BLRCDD004 & BLRCDD005 • The program has tested the priority geophysical and geochemical targets, including targets down-dip of historical high-grade mineralisation and the interpreted sheared contact between the rhyolite and underlying volcaniclastic package. • Outstanding assays from BLRCDD004 and BLRCDD005 will be incorporated into this interpretation and used to determine the next phase of exploration at Balerion. • Following completion of BLRCDD006, the Company will integrate the drilling, assay, geological, geochemical and geophysical datasets to refine its interpretation of the Balerion mineralised system. Figure 6. Balerion Drilling Plan with IP chargeability shells (green-yellow-red) and gravity high shells (red) 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” 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 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 Table 2: BLRCDD004 & BLRCDD005 Visual Sulphide Estimates INTERVAL (M) Mineralisation Description (%) From (m) To (m) Width (m) BLRCDD004 212.5 212.8 0.3 Heavy disseminated to semi-massive Sp (10%) – Py (10%) – Gn (5%) and lesser Cpy (2.5%) 224.35 225.35 1 Shear hosted Sp (7.5%) – Gn (5%) - Py (5%). Sulphides are present as narrow (<4cm) bands of massive sulphides and bands throughout the talc shear foliation. 225.35 226.5 1.15 Blebs/masses of Sp (5%) – Gn (2.5%) – Py (1%) hosted throughout a brecciated quartz vein 228.4 228.85 0.45 Heavy disseminated Py (7.5%) – Cpy (1%) – Gn (1%) – Sp (1%) in a talc shear zone BLRCDD005 240.15 240.55 0.4 Dominantly fine-grained disseminated Sp (12%) – Py (12%) – Gn (5%) and minor Cpy (1%) in Py-Cpy veins 240.55 244.4 3.85 Fine-grained disseminated Py (1%) – Sp (1%) – Gn (0.5%) throughout shear zone 245.8 246.3 0.5 Heavy disseminated Sp (5%) – Py (5%) 246.3 246.5 0.2 Brecciated massive Sp (50%) – Py (30%) – Gn (10%) 246.5 247.5 1 Disseminated to semi-massive Sp (5%) – Py (5%) – Gn (2.5%) – Cpy (2%) 250.1 251.75 1.65 Heavy disseminated to semi-massive Sp (10%) – Py (10%) – Gn (5%) 251.75 251.9 0.15 Massive Sp (60%) – Py (20%) – Gn (10%) – Cpy (5%) Cautionary Statement: In relation to the disclosure of visual mineralisation, the Company cautions that visual estimates of sulphide material abundance should never be considered a proxy or substitute for laboratory analysis. Laboratory assay results are required to determine the widths and grade of the visible mineralisation reported in preliminary geological logging. The Company will update the market when laboratory analytical results become available. Cpy = chalcopyrite; Po = pyrrhotite; Py = pyrite; Sp = sphalerite; Gn = galena; Qtz = quartz; Chl = chlorite; Cb = Carbonate. 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 3: Reported assay intersections from BLRCDD001 and BLRCDD002 HOLE ID From (m) To (m) Width (m) Zn (%) Pb (%) Cu (%) Ag (g/t) Notes BLRCDD001 82.0 85.0 3.0 0.14 0.11 0.01 0.58 83.5 85.0 1.5 0.24 0.17 0.02 0.62 Including 84.0 85.0 1.0 0.31 0.21 0.02 0.72 Including BLRCDD001 105.5 106.0 0.5 – 0.14 0.29 2.41 BLRCDD002 124.0 125.0 1.0 0.12 – – 0.74 BLRCDD002 125.6 136.3 10.7 – – – 2.70 Contains 3.9m of core loss 131.8 135.1 3.3 – – – 5.37 Including; contains 0.7m of core loss 131.8 133.3 1.5 – – – 7.30 Including 134.0 135.1 1.1 – – – 6.16 Including BLRCDD002 149.0 159.3 10.3 0.21 0.05 – 0.57 Contains 2.1m of core loss 149.0 157.9 8.9 0.23 0.05 – 0.50 Including; contains 1.7m of core loss 149.0 152.6 3.6 0.36 0.03 0.01 0.53 Including 152.0 152.6 0.6 1.12 0.17 0.07 2.35 Including 154.3 159.3 5.0 0.18 0.08 – 0.80 Including; contains 0.4m of core loss 157.0 159.3 2.3 0.22 0.13 – 1.29 Including; contains 0.4m of core 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 157.0 157.9 0.9 0.40 0.25 – 1.68 Including 158.3 159.3 1.0 0.14 0.07 – 1.46 Including BLRCDD002 164.0 168.3 4.3 – – 0.16 1.09 164.0 165.0 1.0 – – 0.37 1.08 Including 167.0 168.3 1.3 – – 0.16 2.22 Including Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 www.exultantmining.com.au Appendix A: Peak View Project 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. • The drilling program at the Balerion Prospect used a combination of RC drilling and HQ diamond drilling. RC drilling was used to collect 1m samples from the cyclone and cone splitter. Outside visually mineralised zones, 2m to 6m composite samples were collected using a PVC spear to spear each 1m sample bag and collect a 2kg to 4kg composite sample. Within visually mineralised zones, individual 1m cyclone split samples were collected for laboratory analysis. One 1m cyclone split sample was also collected every 30m to provide broad multi-element coverage for later geochemical analysis. Diamond core sampling was restricted to visually mineralised intersections, with 1m samples also collected every 30m to provide broad multi-element coverage. Half HQ core was cut using a brick saw and submitted for laboratory analysis. Every metre of RC material and diamond core was analysed in the field using an Evident Vanta Core portable XRF instrument to support geological logging and sample selection. Portable XRF readings are preliminary and are not a substitute for 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- • Drilling comprised a combination of RC drilling 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 was completed using HQ core. Diamond core was oriented where successful Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 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 sampling bit or other type, whether core is oriented and if so, by what method, etc). orientation marks were recorded by the drillers. The program was originally designed as an RC drilling program; however, significant water inflows in BLRCDD001 and BLRCDD002 resulted in a change to diamond drilling to improve geological control and sample quality. 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 was visually monitored by the supervising geologist during drilling. Where excessive water was encountered, sample quality and recovery were monitored, and the drilling method was changed to diamond drilling to improve geological control and recovery. Diamond core recovery was assessed by Exultant personnel during core processing. RQD measurements were collected on diamond core by an Exultant field assistant. No relationship between sample recovery and mineralisation has been established at this stage. • Core recovery and intervals of core loss were recorded during geological and geotechnical logging. Where core loss occurred, no physical sample was available for laboratory analysis from the lost interval. • Core-loss intervals were retained within the reported downhole intersection widths and were not excluded or compressed when calculating composite intervals. For the calculation of length-weighted composite grades, core-loss intervals were assigned zero grade for Zn, Pb, Cu and Ag. • This treatment is considered conservative because it prevents core loss from artificially reducing the reported composite width or increasing the calculated composite grade. The zero grade assigned to core-loss intervals is a reporting convention and should not be interpreted as an estimate of the in- situ grade of the unrecovered material. • Because the lost material was not available for analysis, its grade is unknown and any relationship between grade and recovery within the core- loss intervals cannot be directly assessed. The location and length of material core-loss intervals have therefore been disclosed with the reported intersections. • Triple-tube equipment and shortened drill runs were used to try and obtain maximum sample recovery Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 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 • Assay results for BLRCDD001 and BLRCDD002 have been received. No relationship between sample recovery and reported grade has been identified from the returned assay data. Where core loss occurred, the unrecovered material was unavailable for analysis and its grade cannot be directly assessed. Laboratory assay results for BLRCDD004 remain pending. Samples from BLRCDD005 have not yet been dispatched, while BLRCDD006 remains in progress. 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 an Exultant geologist at 1m intervals. Logging recorded lithology, oxidation, alteration, sulphides, veining and structure. Logging was recorded in Excel spreadsheets in the field. Diamond core was marked up by Exultant personnel, and orientation lines were recorded where successful core orientations were obtained by the drillers. RQD was also collected on diamond core. Logging is qualitative and quantitative where applicable and is appropriate for early-stage Exploration Results reporting. 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, including for instance results for field duplicate/second-half sampling. • RC samples were collected through a cyclone and cone splitter. Outside visually mineralised zones, 2m to 6m composite samples were collected using a PVC spear to collect 2kg to 4kg composite samples from the 1m sample bags. Within visually mineralised zones, individual 1m cyclone split samples were collected. One 1m cyclone split sample was also collected every 30m for broad multi-element geochemical coverage. Diamond core sampling was restricted to visually mineralised intervals, with 1m samples also collected every 30m for multi-element coverage. Half HQ core was submitted for laboratory analysis. Diamond core was cut using a brick saw and submitted to ALS Orange. Sample preparation at ALS included LOG- 22, CRU-31, SPL-21, PUL-23 and PUL-23a. A blank, standard and duplicate were inserted sequentially every 25 samples. Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 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 • Whether sample sizes are appropriate to the grain size of the material being sampled Quality of assay data and laboratory tests • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. • Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established. • RC composite samples collected outside visually mineralised zones were assayed for gold only using Au-AA23 at ALS Orange. Individual 1m cyclone split samples collected from visually mineralised zones were assayed for ME-MS61 and Au-AA23 at ALS Orange. Diamond core samples from visually mineralised intervals were submitted to ALS Or