08:53:45 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Inflection Resources Ltd
Symbol AUCU
Shares Issued 95,182,670
Close 2024-03-26 C$ 0.17
Market Cap C$ 16,181,054
Recent Sedar Documents

Inflection Resources appoints MacCorquodale as director

2024-03-27 10:20 ET - News Release

Mr. Alistair Waddell reports

INFLECTION RESOURCES APPOINTS FRASER MACCORQUODALE AS DIRECTOR AND DR. NEIL ADSHEAD AS ADVISOR

Inflection Resources Ltd. has appointed Fraser MacCorquodale as a non-executive director and Dr. Neil Adshead as adviser to the company, effective immediately.

Summary Highlights:

The Company has appointed Mr. MacCorquodale as a Non-Executive Director. Fraser is an exploration geologist with over 35 years' experience and until recently was Newcrest Mining's global head of exploration from 2008 to 2023, during which he was directly involved in several discoveries within Australia, Indonesia, Papua New Guinea, West Africa and Western Canada. Fraser has a deep understanding of the Macquarie Arc and the Cadia district in New South Wales where Inflection is exploring its portfolio of 100% owned projects;

The Company has also appointed Dr. Neil Adshead as Advisor. Neil is an industry veteran with extensive technical and capital markets expertise and was a portfolio manager and investment strategist at Sprott Inc. between 2012 to 2023. Prior to joining Sprott, Neil was a senior mining analyst at Passport Capital and prior to that held senior roles with Placer Dome.

Alistair Waddell, Inflection's President and CEO, states: " I am delighted to welcome Fraser and Neil to the Company, both of whom possess tremendous and highly relevant experience that complements Inflection's ongoing exploration activities in Australia. We are pleased to have attracted such accomplished and discovery-focused industry veterans with strong technical and capital market expertise. Fraser's deep technical knowledge of copper-gold porphyry deposits, especially in the Macquarie Arc, as well as Neil's global knowledge of the exploration business and capital markets will greatly assist the Company's initiatives in New South Wales, where it controls over 7,000 square kilometres of exploration licenses".

About Fraser MacCorquodale, Non-Executive Director:

Mr. MacCorquodale is an exploration geologist with over 35 years experience in exploring for gold and copper deposits globally, encompassing expertise in near mine, brownfield and greenfield exploration. Fraser led Newcrest's global exploration team from 2008 to 2023, during which he was directly involved in a number of discoveries within Australia, Indonesia, Papua New Guinea, West Africa and Western Canada.

During his tenure, Fraser played a pivotal role in formulating and executing Newcrest's growth strategy, overseeing the development of a world-class exploration team and establishing a robust growth portfolio.

Fraser has tremendous expertise in exploring for alkalic porphyry deposits, including significant experience in exploring under cover within the Macquarie Arc. This expertise is built upon a deep knowledge of the world class Cadia and the Red Chris copper-gold districts and their associated footprints, particularly at depth. Fraser was awarded the Colin Spence Award for excellence in Global Mineral Exploration in 2020 from the Association for Mineral Exploration for his role in discovery of the Havieron project located in Western Australia.

About Dr. Neil Adshead, Advisor:

Dr. Adshead's career commenced at Placer Dome, where he held various exploration, mining and managerial roles in Australia, Papua New Guinea and Canada. After a decade with Placer Dome, he worked the next twenty years on the buy-side, initially serving as a Senior Mining Analyst at San Francisco-based Passport Capital, then as an Investment Strategist and Portfolio Manager for various subsidiaries of Sprott Inc. Neil currently holds several roles including assisting a mid-tier mining company with growth initiatives and providing technically-focused investment reviews for investments funds with different mandates.

Stock Options:

The Company has granted 2,950,000 incentive stock options (the "Options") to Officers, Directors, employees and advisors to the Company. Each Option is exercisable to purchase one common share of the Company at a price of $0.20 for a five-year term and will vest six months after the date of grant. The Options are subject to the acceptance of the Canadian Securities Exchange.

About Inflection Resources Ltd.

Inflection is a technically driven copper-gold and gold focused mineral exploration company listed on the Canadian Securities Exchange under the symbol "AUCU" and on the OTCQB under the symbol "AUCUF" with projects in Australia.

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, the CMOC Northparkes deposits and Evolution Mining's Cowal deposits plus numerous exploration prospects including Boda, the discovery made by Alkane Resources. For more information, please visit the Company website at www.inflectionresources.com .

Inflection is part of the NewQuest Capital Group which is a discovery-driven investment group that builds value through the incubation and financing of mineral projects and companies.

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