Inflection completes ANT survey in New South Wales

Jul 10, 2024

2024-07-10 09:55 ET – News Release

Mr. Alistair Waddell reports

INFLECTION RESOURCES COMPLETES 1,800 KM2 AMBIENT NOISE TOMOGRAPHY SURVEY ACROSS PORTFOLIO OF PROJECTS IN NEW SOUTH WALES

Inflection Resources Ltd. has completed the previously announced (see news release dated June 12, 2024) large-scale geophysical survey in New South Wales, Australia, conducted under an exploration agreement with AngloGold Ashanti Australia Ltd. and in partnership with Fleet Space Technologies.

Summary highlights:

Inflection and Fleet Space have completed the approximately 1,800-square-kilometre ambient noise tomography (ANT) survey across the Inflection portfolio of projects in New South Wales, all of which are included as part of the exploration agreement with AngloGold.
The survey was designed to collect large-scale , 3-D subsurface data to identify belt-scale architecture of the prospect basement rocks, including potential cross-arc structures, which are known to vector fluid flow and often influence the emplacement of large-scale intrusive bodies and mineral systems.
The outputs of the survey are currently being interpreted and results are expected in the coming weeks. The results will be incorporated into Inflection’s evolving interpretation of the Macquarie Arc with the goal of prioritizing the existing drill targets and potentially generating new ones.

Alistair Waddell, Inflection’s president and chief executive officer, stated: “We are very excited to have completed this first-of-its-kind survey, which was a large logistical exercise laying out and later recovering ANT smart seismic sensors over 1,800 square kilometres. We look forward to interpreting the results and incorporating the data into our geological model. It’s our goal that ANT results will enhance our evolving understanding of the covered northern portion of the Macquarie Arc and ultimately assist in the discovery of new mineral deposits in the region.”

Ambient noise tomography survey

Inflection and Fleet Space have now completed the 1,800-square-kilometre ANT survey across Inflection’s 100-per-cent-owned projects in New South Wales. The aim of the survey was to collect large, homogeneous, multimodal, 3-D subsurface primary data to identify belt-scale architecture, including large intrusive bodies and potential cross-arc structures. Cross-arc structures are widely considered important in the Macquarie Arc and in 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 outputs of the survey are currently being interpreted and applied to Inflection’s evolving interpretation of the covered northern extension of the Macquarie Arc with the goal of prioritizing the existing targets and potentially generating new ones.

Inflection and Fleet Space Technologies are pioneering the use of space technology to accelerate the discovery of large-scale copper-gold deposits in Australia’s Macquarie Arc. Fleet Space’s real-time data acquisition capabilities are enabled by its proprietary satellite constellation, smart seismic sensors (Geodes) and 3-D data processing to enhance the speed and precision of on-site decision making. ANT survey data have shown to be highly effective when compared with other geophysical methods due to its inherent scalability, which allows for the generation of high-quality 3-D data sets at any scale with equal effectiveness.

AngloGold exploration agreement terms

The AngloGold agreement is a multiphase agreement where AngloGold is sole financing up to $10-million (Australian) on exploration expenditures across a wide range of different intrusion-related exploration targets in phase I.

Phase II of the agreement provides AngloGold the right to designate up to five individual projects where it may potentially earn up to a 75-per-cent interest in each by completing various milestones. AngloGold designated the Duck Creek exploration licence as a phase II project in May, 2024. See Inflection’s news releases dated June 14, 2023, and May 2, 2024, for further details.

Stock options

The company has granted 200,000 incentive stock options to a consultant of the company. Each option is exercisable to purchase one common share of the company at a price of 20 cents for a three-year term. The options are subject to the acceptance of the Canadian Securities Exchange.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Carl Swensson, FAusIMM, a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Inflection’s New South Wales projects

The company is systematically exploring for large copper-gold deposits in the northern interpreted extension of the Macquarie Arc, part of the Lachlan fold belt in New South Wales.

The Macquarie Arc is Australia’s premier porphyry copper-gold province host to Newmont’s Cadia deposits, Evolution Mining’s Cowal and Northparkes deposits plus numerous exploration prospects, including Boda, the discovery made by Alkane Resources.

The company is using cost-effective mud-rotary drilling to cut through unmineralized postmineral sedimentary cover before transitioning to diamond core drilling once the prospective basement is reached. It is well documented that mineralized bodies elsewhere in the belt, in particular porphyry and intrusive-related systems, have large district-scale alteration and geochemical halos or footprints surrounding them. The company typically completes a series of short diamond drill holes into the basement bedrock with multiple data points gained from alteration and mineral geochemistry, which are then used to vector additional deeper holes. This is a proven exploration methodology in the covered segments of the Macquarie Arc, having been directly responsible for the discovery of the Northparkes and Cowal deposits.

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.

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.

We seek Safe Harbor.

https://inflectionresources.com/