Inflection Resources Outlines Large-Scale Copper-Gold Targets on the Endurance Projects, Northern Territory, Australia

Executive Summary

• Inflection Resources announced the acquisition and formal transfer of the Endurance Projects in Australia’s Northern Territory, comprising twelve 100 % owned licences (4,592 km²) with sixteen IOCG targets.
• The company highlighted geophysical and historic drill data that suggest IOCG‑style alteration at several high‑priority targets (e.g., Bigeye, Barreleye, Fangtooth, Flashlight).
• Inflection plans a first‑pass air‑core drilling program across the targets in H1 2026 after the wet season to test concealed basement mineralisation.

Key Details

• Project Scope: 12 exploration licences covering 4,592 km²; 16 principal IOCG targets identified by magnetic, gravity, and AEM anomalies.
• Acquisition: Endurance Projects purchased from a Newmont subsidiary (originally sourced from Newcrest Mining) – announced June 16 2025; licences now formally transferred to Inflection.
• Geological Context: Targets lie along a large northeast‑trending crustal‑scale structure considered a major fluid conduit for IOCG mineralisation; historic drill core (Hole NDIBK07) intersected 1,652 Ma hematite‑pyrite altered sediments with quartz veining and anomalous assay values (Ba, Th, Ce, La, Y, K).
• Key Targets & Characteristics:
• Bigeye (E1): 8 km × 8 km circular magnetic high; coincident gravity anomaly; AEM conductors on margins; historic drill intersected hematite‑rich alteration.
• Barreleye (E2): 2.5 km × 0.5 km elongated magnetic high with offset AEM conductivity suggesting sulphide accumulation.
• Fangtooth (E3): Magnetic & gravity highs with elevated IP chargeability; West anomaly ~3,000 m × 1,200 m, East ~2,200 m × 1,200 m.
• Flashlight (E10): Subtle magnetic high (≈500 m × 400 m) with elevated gravity and IP chargeability indicating possible deep sulphides; designated high‑priority drill target.
• Additional targets (Angler, Chimaera, Viper, Loosejaw, Lantern, Hook, Goblin, Daggertooth) described with size, geophysical signatures, and any historic assay highlights (e.g., Lantern: 4 m @ 0.2 % Cu from Newmont scout drilling).
• Exploration Plan:
• Ongoing permitting and land‑access negotiations with Aboriginal stakeholders.
• First‑pass air‑core drilling slated for the first half of 2026 (post‑wet season) to efficiently penetrate cover (60–170 m) and obtain short diamond‑core tails into basement rocks.
• Technical Validation: Qualified Person Carl Swensson (FAusIMM) reviewed technical content; core sampling, assay methods, QA/QC procedures detailed.
• Strategic Rationale (CEO Quote): “The acquisition strengthens our Northern Territory portfolio, complements NSW programs, and positions us to drill‑test large‑scale IOCG systems with Tier‑1 discovery potential.”

Notable Quotes

Alistair Waddell, President & CEO: “We are excited to have completed the acquisition of this large portfolio of copper‑gold projects… Our exploration strategy will continue to apply a mineral systems approach, utilising highest‑quality geoscience to unlock the full potential of these large copper‑gold targets.”