Inflection granted exploration licences in NSW

Executive Summary

• Inflection Resources Ltd. has been granted exploration licenses covering 3,336 square kilometers in northern New South Wales, Australia, establishing the new "Molong North" project.
• The project targets large, undrilled copper-gold intrusive-related mineral systems within the interpreted northern extension of the Molong volcanic belt (MVB) and Macquarie Arc.
• The acquired licenses are strategically located north of major regional assets, including Newmont Corp.'s Cadia mine and Alkane Resources' Boda-Kaiser project.

Key Details

• License Acquisition: Total area of 3,336 square kilometers acquired via open ground applications.
• Project Name: Molong North project, comprising two principal areas: Coonamble and Mendooran.
• Ownership: 100% owned by Inflection Resources.
• Geological Context:
  • Located in the interpreted northern extension of the Molong volcanic belt (MVB), part of the Macquarie Arc.
  • Targets are concealed under post-mineral cover.
  • Interpreted to be in the same prospective rock belt as the Tier 1 Cadia copper-gold mine (Newmont) and Boda-Kaiser deposits (Alkane).
• Coonamble Targets:
  • Eleven major targets identified based on government aeromagnetic and gravity data.
  • Magnetic data shows high amplitude signatures indicative of Ordovician basement at depth.
  • Data suggests offset segments of the Ordovician Macquarie Arc with discreet zones of magnetite enrichment suggestive of porphyry-related alteration.
  • Gravity residual data shows broad zones of elevated gravity (dense Ordovician volcanic basement) and low zones indicative of intrusions.
• Mendooran Targets:
  • Series of interpreted intrusions following a northwest-southeast-trending structural corridor (cross-arc structure).
  • Cross-arc structures are considered important for vectoring fluid flow and emplacing large-scale intrusive bodies.
  • 3-D inversion models of aeromagnetic data delivered by Newexco Exploration Pty. Ltd. identified high-conviction, previously undrilled porphyry copper-gold targets.
• Technical Review:
  • Qualified Person: Carl Swensson (FAusIMM), Director of a subsidiary and shareholder of the company.
  • Technical Adviser: Dr. Douglas Haynes.
  • Data Sources: Government aeromagnetic, gravity, and AusLAMP magnetotellurics data.

Notable Quotes

• "We have acquired these licences 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." — Alistair Waddell, President and CEO