Added to YB: 2026-10-15
Pitch date: 2026-10-13
10X.AX [bullish]
Exultant Mining Limited
Author Info
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Company Info
Exultant Mining Limited engages in the acquisition, exploration, and development of mineral resource projects in Australia and internationally.
Market Cap
AUD 4.9M
Pitch Price
AUD 0.13
Price Target
N/A
Dividend
N/A
EV/EBITDA
-1.02
P/E
-2.04
EV/Sales
20.51
Sector
Metals and Mining
Category
growth
1970s Copper Clue Has 10X Closing in on Drill Target
10X.AX (hold): Exultant Mining is a sub-$5M copper explorer with about $3M cash, implying roughly $2M for its 390km² Black Hammer project. Handheld XRF work replicated 1970s copper-zinc anomalies across 2.4km and identified a 100m-by-300m lead-copper-zinc focus. The payoff from a discovery could be substantial at this valuation, but Watsons remains pre-drill: access, expanded soil work and potential geophysics must first define a target, while drilling could consume a large share of cash.
Read full article (4 min)