Inflection Resources Granted Additional Exploration Licenses Covering New Copper-Gold Targets
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Inflection Resources Granted Additional Exploration
Licenses Covering New Copper-Gold Targets
Vancouver, British Columbia, August 27, 202 5: Inflection Resources Ltd. (CSE: AUCU /
OTCQB: AUCUF / FSE: 5VJ) (the "Company" or "Inflection") is pleased to announce the Company
has been granted several Exploration License s in the interpreted northern extension of the
Molong Volcanic Belt (“MVB”), part of the Macquarie Arc in northern New South Wales. Inflection
considers these new areas, collectively referred to as the Molong North project, to be highly
prospective for large copper-gold intrusive related mineral systems.
Summary Highlights:
• Inflection has acquired Exploration Licenses totalling 3,336 km² by applying for open
ground that covers a number of large copper-gold targets that have never been drill tested;
• Licenses cover interpreted concealed extensions of the MVB, part of the Macquarie
Arc, that exhibit prominent geophysical features under a blanket of post-mineral cover;
• Licenses strategically located north of the world-class Cadia copper-gold mine owned
by Newmont Corporation (“Newmont”) and the Boda-Kaiser copper-gold project owned by
Alkane Resources (“Alkane”); and,
• The Molong North project is 100% owned and separate and in addition to the ongoing
AngloGold Ashanti Australia Limited (“AngloGold Ashanti”) exploration alliance in the northern
extension of the Junee-Narromine belt located approximately 30km to the west.
Alistair Waddell, Inflection’s President and CEO, states: “We have acquired these licenses based
on detailed geological interpretation that models the extension of the Macquarie Arc further to the
north and undercover. These very large targets have never been drill-tested and are interpreted
by the Company to be in the same highly prospective belt of rocks that host the Tier -1 Cadia
copper-gold mine owned by Newmont. Inflection has tremendous experience exploring the
covered segment of the Macquarie Arc further to the west , and while there is an element of the
unknown regarding the interpreted geology, we view Molong North as an exciting new opportunity
to discover large mineral systems. We look forward to exploring this new search space with a
methodical, cost-effective approach and the application of sound geoscience.”
Molong North Project
The Company has acquired 3,336 km² of exploration licenses referred to by the Company as the
Molong North project (Figure 1) which comprises two principal areas referred to as Coonamble
and Mendooran. The areas were identified as part of an ongoing targeting study in Eastern
Australia that i s focused on the discovery of large copper -gold intrusion related or porphyry
systems. The study focused on the Macquarie Arc which has proven mineral endowment and
extends to the north under a blanket of post-mineral cover. These highly strategic licenses cover
a series of large copper-gold targets that have never been drill tested.
The targets are all located in what the Company interprets to be the broad continuation of the
MVB, a segment of the highly prospective Macquarie Arc. The MVB is host to several large mines
and significant projects including Newmont’s Cadia mine which is one of the largest copper-gold
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mines in the world and Alkane’s Boda-Kaiser copper-gold deposits. The Company used available
precompetitive geological and geophysical data (aeromagnetic, gravity, Aus LAMP
magnetotellurics) and case studies of known deposits to identify intrusion-like anomalies in the
interpreted Ordovician basement. These anomalies are interpreted to potentially represent large
porphyry or intrusi on-related copper-gold systems which have never been drill tested. The
Company has gained significant experience exploring the covered part of the Macquarie Arc
further to the west where it has an ongoing exploration partnership with AngloGold Ashanti.
Figure 1: Location map showing the location of the Molong North project on the covered northern extension
of the MVB and the current portfolio of Inflection exploration licenses in the Junee-Narromine belt.
Coonamble Targets
Eleven major targets, analogous with other alkalic porphyry systems in belt, have been identified
based on government aeromagnetic and gravity data. The magnetic data, collected on 200 metre
spaced flight lines, displays high amplitude signatures indicative of Ordovician basement at depth
(Figure 2) . The data also suggests that this terrain is potentially an offset segment of the
Ordovician Macquarie Arc which exhibits discreet zones of magnetite enrichment suggestive of a
porphyry-related alteration at depth.
Preliminary geological, structural and lithological interpretation by Inflection Technical Advisor Dr.
Douglas Haynes highlights a structurally complex area with potential intrusions at depth. This
structural interpretation suggests the potential for both arc-parallel and arc-normal faults, which
could potentially have localised porphyry-related copper-gold mineralisation.
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Additionally, the government -flown airborne Bouguer Gravity Residual data, collected on 2 km
flight lines over the whole of NSW, shows broad zones of elevated gravity within these licenses
suggestive of dense Ordovician volcanic basement at depth, with low zones indicative of
intrusions into the basement.
Figure 2: Total magnetic intensity map with reduced-to-pole filters. Regional magmatic complex situated
on the under-cover extension of the interpreted northern MVB coincident with magnetic features interpreted
to represent potential intrusive related copper -gold targets. Figure shows Inflection exploration license
(Black lines) with the structural interpretation (Red lines).
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Mendooran Targets
The Mendooran target area (Figure 3) comprises of a series of interpreted intrusions which
broadly follow an interpreted NW-SE trending structural corridor construed to be a significant
cross-arc structure. Cross-arc structures are widely considered important in the Macquarie Arc
and in other volcanic arcs elsewhere as they are known to vector fluid flow and often influence
the emplacement of large-scale intrusive bodies and mineral systems.
The Inflection team utilised available geological and geophysical data to define a series of high
conviction, previously undrilled porphyry copper-gold targets. This targeting approach is based
on the geophysical signatures for other major mines and projects in the belt. The Company
engaged Perth base geophysical consultancy Newexco Exploration Pty Ltd. to deliver 3D
inversion models of the aeromagnetic data which was used to identify and prioritize targets
suggestive of magnetite -bearing copper-gold porphyries at depth in the Ordovician basement
sequence.
Figure 3: Mendooran targets on total magnetic intensity map with reduced-to-pole filter s. Regional
magmatic complex situated on the under-cover extension of the northern MVB coincident with corridor of
northwest trending magnetic features (Yellow) interpreted to represent potential intrusive related copper -
gold targets. Figure shows exploration license (Black lines) with the structural interpretation (Red lines).
Qualified Person and Sampling Quality Control:
The scientific and technical information contained in this news release has been reviewed and
approved by Mr. Carl Swensson (FAusIMM) , a “Qualified Person” (“QP”) as defined in National
Instrument 43 -101 – Standards of Disclosure for Mineral Projects. Mr. Swensson is not
independent by reason he is a director of the Company’s subsidiary and a shareholder of the
Company.
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About Inflection Resources Ltd. Inflection is a technically driven copper-gold focused mineral
exploration company listed on the Canadian Securities Exchange under the symbol “AUCU” , on
the OTCQB under the symbol “AUCUF” and on the Frankfurt Stock Exchange under the symbol
“5FJ”, with projects in New South Wales, Australia. For more information, please visit the
Company website at www.inflectionresources.com.
Inflection is part of the NewQuest Capital Group which is an entrepreneurial, discovery -driven
investment group that builds value through the incubation and financing of early -stage mineral
exploration projects globally. Further information about NewQuest can be found at
www.nqcapitalgroup.com
On behalf of the Board of Directors
Alistair Waddell
President and CEO
For further information, please contact:
Brennan Zerb
Investor Relations Manager
+1 (778) 867-5016
Forward-Looking Statements: This news release includes certain forward -looking statements and
forward-looking information (collectively, "forward -looking statements") within the meaning of applicable
Canadian securities legislation. All statements, other than statements of historical fact, included herein
including, without limitation, statements regarding future exploration expenditures by AngloGold Ashanti,
amount of drilling, commencement and cost of exploration programs in respect of the Company's projects
and mineral properties, AngloGold Ashanti’s anticipated funding of the Phase II Exploration Expenditures
and timing thereof, and the anticipated business plans and timing of future activities of the Company, are
forward-looking statements. Although the Company believes that such statements are reasonable, it can
give no assurance that such expectations will prove to be correct. Often, but not always, forward looking
information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such
words including negative variations thereof, and phrases that refer to certain actions, events or results that
may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known
and unknown risks, uncertainties and other factors which may cause the actual results, performance or
achievements of the Company to differ materially from any future results, performance or ach ievements
expressed or implied by the forward -looking statements. Such risks and other factors include, among
others, statements as to the anticipated business plans and timing of future activities of the Company,
including the Company's exploration plans. the proposed expenditures for exploration work thereon, the
ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in
obtaining governmental and regulatory approvals (including of the Canadian Securities Exchange), permits
or financing, changes in laws, regulations and policies affecting mining operations, the Company's limited
operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well
as those factors discussed under the heading "Risk Factors" in the Company's prospectus dated June 12,
2020 and other filings of the Company with the Canadian Securities Authorities, copies of which can be
found under the Company's profile on the SEDAR+ website at www.sedarplus.ca. Readers are cautioned
not to place undue reliance on forward -looking statements. The Company undertakes no obligation to
update any of the forward-looking statements, except as otherwise required by law.