Only for NTFS (both source and dest) though, no exFAT shared drives under a folder mount or what have you. I think the same is actually true of ReFS for some reason.
When you create/format the partition in the GUI tools it'll actually ask if you want to assign a drive letter or mount as a path as well.
RAW partitions can be mounted at a mount point (or drive letter).
Used to be able to use these with SQL Server.... 2000.
I just tried mounting a exFAT partition at "C:\exFAT" and it worked just fine.