Exultant Mining Ltd has commenced field exploration across three priority copper-gold targets within its 390-square-kilometre Black Hammer Project in the Macquarie Arc of New South Wales.

Fieldwork is currently underway at the Watsons Prospect, targeting an open, approximately 2.4-kilometre copper-zinc soil anomaly associated with quartz-pyrite-chalcopyrite veining at surface. The historical soil anomaly has never been tested by drilling or assayed for gold. Porters Retreat and Vermithor have been selected as the next priority targets, featuring an altered, sulphide-bearing monzonite intrusive system and a newly defined one-by-one-kilometre remanent magnetic anomaly, respectively. Neither target has been subject to historical drilling.

“Watsons Prospect provides an immediate opportunity with Porters Retreat and Vermithor as two further, distinct exploration opportunities that have compelling geological, geochemical or geophysical characteristics but have never been drill tested.”

— Brett Grosvenor, Executive Chairman

Exultant expanded the project landholding to approximately 390 square kilometres through exploration licence grants, which included securing the ~53-square-kilometre Swatchfield tenement. Initial reconnaissance exploration across the broader project area commenced in December 2025 with rock chip sampling and prospect validation.

The company is applying a staged, capital-efficient exploration approach using low-cost surface work, laboratory geochemistry and targeted geophysics to refine targets before committing capital to drilling. The field program proceeds concurrently with pending laboratory assay results from drill holes 4, 5 and 6 at the Balerion Prospect.

Read the full announcement: Black Hammer Advances with Three Priority Cu-Au Targets