Inflection Resources Awarded Aud$300,000 in Exploration Grants from the Northern Territory Government

Executive Summary

• Inflection Resources Ltd. has been awarded three exploration grants totaling AUD$300,000 from the Northern Territory Government's Geophysics and Drilling Collaborations (GDC) Program.
• The funding will finance planned drilling and geophysical surveys at the company’s 100%-owned Endurance Project to advance exploration for concealed Iron Oxide Copper Gold (IOCG) deposits.
• All necessary aboriginal clearances, pastoralist agreements, and government drilling permits are secured, with field activities expected to commence during the 2026 Northern Territory field season.

Key Details

• Total grant value: AUD$300,000 from the Northern Territory Government's GDC Program.
• AUD$140,000 allocated for drilling at the Flashlight Target (E10), a coincident magnetic and gravity anomaly interpreted as a potential concealed IOCG system.
• AUD$80,000 allocated for an induced polarisation and magnetotelluric (IP-MT) geophysical program over the Bigeye and Barreleye Targets (E1 and E2) to better define conductivity and chargeability anomalies beneath sedimentary cover.
• AUD$80,000 allocated for subsequent drilling at the Bigeye and Barreleye Targets (E1-E2) following the IP-MT survey completion.
• Project scope: The Endurance Project comprises approximately 4,200 square kilometres in the East Tennant region of the Northern Territory, covering prospective Proterozoic basement concealed beneath Georgina Basin sedimentary cover.
• Regulatory status: All aboriginal clearances, pastoralist agreements, and government permits to drill are fully in place.
• Timeline: Field activities associated with the grants are expected to commence during the 2026 Northern Territory field season, subject to final grant documentation and contractor availability.
• Qualified Person: Mr. Carl Swensson (FAusIMM), director of the Company’s subsidiary and shareholder, has reviewed and approved the technical information.

Notable Quotes

• Alistair Waddell, Chief Executive Officer: “We are very pleased to receive this strong endorsement from the Northern Territory Government through the award of three GDC grants. The Government’s continued support for innovative, technically driven exploration is helping unlock the significant mineral potential of this region. We are particularly excited to advance the Flashlight, Bigeye and Barreleye targets, each of which represents a compelling concealed IOCG opportunity and we look forward to testing these priority targets during the upcoming season.”