Exultant Mining Articles
10X Share Price & Investment Performance
Investment Summery
- Date of Investment Announcement 9th February 2026
- Entry Price $0.20
- Returns from Entry +0%
- High Point +0%
Company Milestones
- Initial investment: $0.20
- Geophysical survey
- Target definition
- Drilling at Peak View
- Drilling at Black Hammer
- Assay results
- Follow-up drilling
Why We Like Exultant Mining
10X is sitting on multiple Australian projects in districts that have delivered major discoveries before. At $2.7 million enterprise value with drills about to turn, one decent result could change how this company is priced overnight.
Gold is above US$5,000. Silver has run from $20 to $80 in two years. Copper keeps climbing while supply falls further behind. 10X gives us exposure to all three at a valuation that assumes none of it works.
The projects carry serious historical grades that nobody has gone back to test with modern gear. A tight register of 37 million shares means any result that lands is going to move the price. With drilling funded and targets being ranked now, the next few months will tell us a lot.
10X is early, funded, and working in parts of Australia that get attention when results come through. That’s the kind of setup we look for.
Why Gold, Silver and Copper
Gold has doubled since the start of 2024. Central banks keep buying, retail investors keep piling in, and there’s no quick fix for the inflation and debt problems driving it higher. Investment banks are now calling for US$6,000 by year end.
Silver has its own demand story building underneath the safe-haven trade. Solar panels, electronics, EV infrastructure and data centres all need more of it than the market expected. Supply hasn’t kept up. Years of underinvestment have left inventories thin and new discoveries aren’t replacing what’s being consumed.
Copper is the one we keep coming back to. Demand from electrification, grid upgrades, EVs and AI data centres keeps rising while grades fall and new discoveries dry up. S&P Global estimates supply will fall 10 million tonnes short of demand by 2040. That’s a massive gap against 28 million tonnes of annual production.
Since 10X listed in December 2025, all three commodities have moved higher while the share price has drifted the other way. That disconnect is part of why we got involved.
10X's Projects in Proven Mining Districts
10X holds ground across the Macquarie Arc, the East Lachlan Fold Belt in NSW, and the Mt Ida-Ularring Greenstone Belt in Western Australia. These are belts that have delivered major discoveries before.
Peak View sits in the East Lachlan Fold Belt. It’s a polymetallic sulphide system carrying copper, lead, zinc, silver and gold. Historical drilling returned grades like 2.1m at 1.79% Cu, 5.89% Pb, 11.83% Zn and 105 g/t Ag. Most of the prospective horizon remains untested. Soil sampling and geophysics are wrapping up, with drilling to start in the coming weeks.
Black Hammer covers a large footprint in the Macquarie Arc, one of Australia’s most productive copper-gold provinces. Historical records report grades up to 14% copper, 26.4 g/t gold and 283 g/t silver. Very little modern work has been done. Several prospects haven’t had a single drill hole put into them.
The company has done the groundwork first: cleaned up historical data, run surface geochemistry and geophysics, and ranked targets before putting holes in the ground. That approach tends to produce better results and doesn’t waste cash.
The Key Points of Interest
- Multiple Australian projects in proven Tier 1 mining districts
- $4.3 million in cash, fully funded to drill
- Tight capital structure with only 37 million shares on issue
- High-grade historical results at Peak View and Black Hammer never followed up with modern exploration
- Drilling starting in weeks across priority targets
- Exposure to gold, silver and copper in a cycle that keeps improving
Exultant Mining in Summary
Exultant Mining is early stage, weeks away from putting its first drill holes in the ground. At $2.7 million enterprise value, the market is pricing this company as if nothing on any of its projects is worth anything. We think that’s wrong.
The commodity backdrop has only improved since 10X listed in December. Gold is above US$5,000. Silver has quadrupled in two years. Copper inventories are at multi-year lows and the supply gap keeps widening. All three are running, and 10X gives us exposure to the lot.
Peak View has historical grades that speak for themselves, and most of the prospective ground hasn’t been touched. Black Hammer sits in the Macquarie Arc with prospects that have never seen a drill hole. The company has done the groundwork properly before turning the rig, which is more than you can say for a lot of juniors at this stage.
With $4.3 million in cash, 37 million shares on issue and no need to raise capital, the setup is tight. One decent result from any of these programs and this company looks very different at a $7 million market cap.
We’ve put our money where our mouth is. We’d rather be early than late on this one.
Disclaimer: This blog post is for informational purposes only and should not be considered as financial advice. Always consult with a financial advisor before making any investment decisions.