Inflection Resources Ltd. provided an update on its ongoing exploration programs in New South Wales, Australia conducted under an Exploration Agreement with AngloGold Ashanti Australia Limited announced on June 14, 2023. Initial drilling has focused on two principal target areas, Duck Creek and Myallmundi where earlier drilling by the Company intercepted favourable alteration indicative of being in proximity to a possible porphyry system; Both surveys are expected to be completed shortly. A third survey, a ground gravity study, was just completed by the Company; and Four follow-up drill holes completed on the Myallmundi target intersected chalcopyrite and molybdenite bearing quartz veins which locally exhibit K-feldspar selvages along with early biotite-magnetite-epidote alteration indicative of being in the porphyry proximal environment.

The occurrence of chalcopyrite and Molybdenitebearing quartz veins have been reported on the margins of mineralised porphyry copper deposits in the Macquarie Arc including Newcrest's Cadia East mine. Nine additional drill holes (DCKDH007-015) totalling 4,632 m have recently been completed on the Duck Creek exploration license. Drill hole DCKDH007 was drilled to a depth of 819 metres on the northern target where previous Inflection drilling intersected strongly hydrothermally altered rocks with characteristics similar to those often found adjacent to mineralised alkalic copper-gold systems such as Newcrest's Cadia mine and the Northparkes mine complex.

Previous Inflection drill holes DCKDH002, 005 and 006 intercepted porphyry-style alteration over an approximate 400 by 250 metre area which included biotite-albite-K-feldspar-tourmaline and blebs of bornite. The principal target area of interest is associated with an 800 by 1,300 metre aeromagnetic low feature interpreted to represent magnetite destruction associated with hydrothermal alteration. The decision was taken, in conjunction with AngloGold, to complete three different geophysical surveys over this specific area prior to the next phase of deeper drill holes.

These surveys are almost complete and drilling in this specific area is expected to recommence once all the processed data has been received and interpreted in late October, 2023. Eight additional scout holes (DCKDH008-015) were drilled elsewhere on the Duck Creek license, testing new previously undrilled geophysical targets with distances ranging from 2 to 16 kilometres south from DCKDH007. Myallmundi - Drill Update: The Company has completed five additional drill holes (MYLDH014-018) totaling 2,214 metres on the Myallmundi targets, testing an approximate 1.5 by 2.0-kilometre zone of magnetite enrichment evident in aeromagnetic data.

The drill program was designed to step out from porphyry-style quartz-chalcopyrite-molybdenite bearing veins intersected in first-pass drill hole MYLDH003. Four of these drill holes (MYLDH015, MYLDH015, MYLD H016 and MYLDH017) which extend over an approximate distance of ~1,400 metres intersected chalcopyrites and molybdenitebearing veins that locally exhibit K-fieldspar selvages and are suggestive of a porphyry-proximal environment. The occurrence of Chalcopyrite and mlybdenite bearing quartz veins have been reported on The margins of mineralised porphyRY copper-gold deposits such as Newcrest'sCia East mine.

The occurrence of chal copyrite and molyb Denite bearing quartz veins have been reports on the margins of mineralised Porphyry copper-gold deposits such as new mineralised porphyry copper-gold deposits including Newcrest's CadIA East mine.