Inflection Resources Intercepts 3 Metres Grading 7.72 g/t Gold in New Zone at Trangie in New South Wales, Australia and Plans Eighty-Three Additional Drill Holes

Executive Summary

• High‑grade gold (3.0 m @ 7.72 g/t Au) intersected in new standalone target (hole TRNDH032) on the Trangie project, confirming a previously untested zone 5.5 km south of known porphyry mineralisation.
• An extensive Phase II air‑core program of 83 holes is slated to start in February 2026 across the Trangie district, with additional drilling completed on Nyngan, Duck Creek and Crooked Creek projects.
• AngloGold Ashanti’s earn‑in agreement outlines a step‑wise path for it to acquire up to 75 % interest in four designated NSW projects (Trangie, Nyngan, Duck Creek, Crooked Creek) contingent on funded expenditures and delivery of a PFS meeting a 2 M oz resource threshold.

Key Details

• Hole TRNDH032 (Trangie) – 3.0 m @ 7.72 g/t Au from 190.0‑193.0 m; also intersected Cu mineralisation (2.0 m @ 0.19 % Cu, 1.85 m @ 0.20 % Cu, 1.6 m @ 0.10 % Cu).
• Hole TRNDH029 – Follow‑up to TRNDH023; intersected 10.0 m @ 0.12 g/t Au (221‑231 m) and Mo up to 12.25 ppm (369‑371 m).
• Hole TRNDH031 – Encountered potassic alteration with peak assays of 783 ppm Cu, 0.015 g/t Au and 4.93 ppm Mo over 1.7 m (572.3‑574.0 m).
• Nyngan Project – Two holes (total 675.8 m) drilled; low‑tenor Cu/Au assays, no significant mineralisation.
• Duck Creek Project – Hole REEDH001 (380‑427 m) intersected limestone and calcareous sandstone; low‑tenor assays, no sulphides.
• Crooked Creek Project – Hole CCKDH001 (386 m) intersected native copper in andesite but no sulphide mineralisation; low‑tenor assays.
• Planned Drilling – 83 air‑core holes on Trangie, targeting a 15 km² area on ~250 m spacing to infill data gaps; start scheduled for February 2026 pending permits and landowner agreements.
• AngloGold Ashanti Earn‑in Structure
• Phase II: AUD 7 M per project (4 projects) within 36 months → initial 51 % interest.
• Phase III: Additional AUD 20 M per project within 24 months → extra 14 % (total 65 %). Failure to complete reverts AngloGold to 49 %.
• Phase IV: Deliver PFS with ≥2 M oz gold or Au‑Cu equivalent resources within 36 months of notice; grant Inflection a 2 % NSR (or 1 % if existing royalties) plus right for AngloGold to buy back portions of the royalty.
• Qualified Person: Carl Swensson, FAusIMM (director & shareholder).

Notable Quotes

“The discovery of high‑grade gold in a new target area within the Trangie district represents a significant development… validates our exploration approach of systematic drilling across multiple targets…” – Alistair Waddell, President & CEO.