Exultant Mining Limited (ASX:10X) has disclosed that director Brett Grosvenor acquired 200,000 fully paid ordinary shares on-market between 9 and 12 November 2026, with the transaction conducted indirectly through Salvador Consulting Pty Ltd as trustee for the B&U Family Trust, of which Grosvenor is a beneficiary.

Key Points

  • Director Brett Grosvenor acquired 200,000 fully paid ordinary shares on-market between 9 and 12 November 2026 for consideration of $19,882.26.
  • The acquisition was made indirectly through Salvador Consulting Pty Ltd as trustee for the B&U Family Trust, of which Brett Grosvenor is a beneficiary.
  • Following the transaction, Grosvenor's indirect holding increased to 1,450,000 fully paid ordinary shares, of which 250,000 remain escrowed for 24 months from the date of official quotation of 10X securities.
  • Grosvenor also holds 750,000 unquoted options exercisable at $0.30, expiring 9 December 2028, all of which are escrowed for 24 months from the date of official quotation of 10X securities.
  • The filing confirms the trades did not occur during a closed period requiring prior written clearance.

On-Market Share Acquisition by Director Brett Grosvenor

According to the Appendix 3Y change of director's interest notice filed with the ASX, Brett Grosvenor acquired 200,000 fully paid ordinary shares in Exultant Mining Limited between 9 and 12 November 2026. The consideration paid for the acquisition was $19,882.26. The shares were purchased on-market and held indirectly through Salvador Consulting Pty Ltd as trustee for the B&U Family Trust. No shares were disposed of as part of this transaction, and Grosvenor holds no securities directly in his own name.

Post-Transaction Indirect Securities Holdings

Following the on-market purchases, Grosvenor's indirect holding in Exultant Mining stands at 1,450,000 fully paid ordinary shares. Of these, 250,000 shares remain subject to a 24-month escrow period measured from the date of official quotation of 10X securities. In addition, Grosvenor holds 750,000 unquoted options exercisable at $0.30 per share, expiring on 9 December 2028, all of which are subject to the same 24-month escrow arrangement from the date of official quotation of 10X securities. No direct securities are held by the director.

Closed Period and Contract Interest Disclosures

The filing states that the securities detailed in the notice were not traded during a closed period in which prior written clearance was required. The company confirmed that no prior written clearance was needed or provided in connection with these transactions. Under Part 2 of the Appendix 3Y notice, Grosvenor disclosed no changes to interests in contracts. All fields relating to contract interests, including registered holder, date of change, securities class, interest acquired, interest disposed, and consideration, were recorded as not applicable.