14:21:26 EDT Thu 11 Jun 2026
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Inflection Resources Ltd
Symbol AUCU
Shares Issued 127,288,569
Close 2026-06-10 C$ 0.20
Market Cap C$ 25,457,714
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Inflection awarded $300K(Aus) for Endurance exploration

2026-06-11 11:52 ET - News Release

Mr. Alistair Waddell reports

INFLECTION RESOURCES AWARDED AUD$300,000 IN EXPLORATION GRANTS FROM THE NORTHERN TERRITORY GOVERNMENT

Inflection Resources Ltd.'s wholly owned Australian subsidiary has been awarded three exploration grants totalling $300,000 (Australian) by the Northern Territory government's geophysics and drilling collaborations (GDC) program. The grants will be applied to planned exploration drilling and geophysical surveys on the company's 100-per-cent-owned Endurance project in Australia's Northern Territory.

Summary highlights:

  • The company has been awarded three Northern Territory government GDC grants totalling $300,000 (Australian) to advance exploration at the company's Endurance project in the Northern Territory, where it is exploring for large iron-oxide-copper-gold (IOCG) deposits.
  • A total of $140,000 (Australian) was awarded for drilling of the Flashlight target (E10), a compelling coincident magnetic and gravity anomaly with associated chargeability features interpreted to represent a potential concealed IOCG system.
  • A total of $80,000 (Australian) was awarded 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 cover.
  • A total of $80,000 (Australian) was awarded for drilling of the Bigeye and Barreleye targets (E1-E2) following completion of a planned IP-MT geophysical survey. These targets comprise large coincident magnetic and gravity anomalies considered prospective for IOCG-style mineralization.
  • The company expects field activities associated with the grants to commence during the 2026 Northern Territory field season, subject to final grant documentation and contractor availability. All aboriginal clearances, pastoralizt agreements and government permits to drill are now in place.

Alistair Waddell, chief executive officer of Inflection Resources, states: "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."

The GDC program is administered by the Northern Territory Geological Survey as part of the Northern Territory government's Resourcing the Territory initiative, and is designed to encourage innovative mineral exploration and increase geological knowledge in underexplored regions.

The Endurance project comprises a large land position of approximately 4,200 square kilometres covering prospective proterozoic basement concealed beneath Georgina basin sedimentary cover. The project hosts multiple large-scale coincident magnetic, gravity and chargeability anomalies interpreted to represent potential IOCG systems analogous to those found in the Gawler Craton of South Australia and the Cloncurry district of Queensland.

About the Endurance project

The Endurance project is located in the East Tennant region of the Northern Territory and is prospective for concealed IOCG-style mineralization beneath shallow sedimentary cover. The area contains numerous coincident magnetic and gravity anomalies identified through regional geophysical data sets and is considered highly prospective for large-scale copper-gold discoveries.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Carl Swensson (FAusIMM), a qualified person (QP) as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Swensson is not independent, as he is a director of the company's subsidiary and a shareholder of the company.

About Inflection Resources Ltd.

Inflection is a gold-copper-focused mineral exploration company listed on the Canadian Securities Exchange under the symbol AUCU, on the OTCQB under the symbol AUCUF and on the Frankfurt Stock Exchange under the symbol 5VJ, with projects in New South Wales and the Northern Territory, Australia.

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