Inflection Resources Awarded AUD$300,000 in Northern Territory Government Grants for Endurance Project Exploration
Vancouver, British Columbia — June 11, 2026 — Leads & Copy — Inflection Resources Ltd. (CSE: AUCU) (OTCQB: AUCUF) (FSE: 5VJ), through its wholly-owned Australian subsidiary, has been awarded three exploration grants totaling AUD$300,000 from the Northern Territory Government’s Geophysics and Drilling Collaborations (GDC) Program. These funds will support planned exploration drilling and geophysical surveys at the Company’s 100%-owned Endurance Project located in Australia’s Northern Territory.
The grants are earmarked for advancing exploration at the Endurance Project, where the Company is searching for large Iron Oxide Copper Gold (IOCG) deposits. Specifically, AUD$140,000 has been allocated for drilling the Flashlight Target (E10). This target is characterized by a significant magnetic and gravity anomaly, coupled with chargeability features, which are interpreted as indicative of a potential concealed IOCG system.
An additional AUD$80,000 will fund an induced polarisation and magnetotelluric (IP-MT) geophysical program over the Bigeye and Barreleye Targets (E1 and E2). The objective of this survey is to better delineate conductivity and chargeability anomalies beneath the project’s surface cover.
Furthermore, AUD$80,000 has been awarded for drilling at the Bigeye and Barreleye Targets (E1-E2) after the completion of the planned IP-MT geophysical survey. These targets also present as large, coincident magnetic and gravity anomalies, deemed prospective for IOCG-style mineralization.
Field activities funded by these grants are anticipated to commence during the 2026 Northern Territory field season, pending finalization of grant documentation and contractor availability. Crucially, all necessary aboriginal clearances, pastoralist agreements, and government drilling permits are now secured.
Alistair Waddell, Chief Executive Officer of Inflection Resources, expressed his satisfaction with the grants, viewing them as a strong endorsement from the Northern Territory Government. He highlighted the government’s commitment to supporting innovative, technically driven exploration in unlocking the region’s mineral potential. Waddell specifically noted the excitement surrounding the advancement of the Flashlight, Bigeye, and Barreleye targets as compelling concealed IOCG opportunities to be tested in the upcoming season.
The GDC Program, administered by the Northern Territory Geological Survey as part of the Northern Territory Government’s Resourcing the Territory initiative, aims to stimulate innovative mineral exploration and enhance geological knowledge in underexplored areas. The Endurance Project itself encompasses a substantial landholding of approximately 4,200 square kilometres, covering prospective Proterozoic basement concealed beneath sedimentary cover of the Georgina Basin. The project area exhibits multiple large-scale coincident magnetic, gravity, and chargeability anomalies that suggest the presence of potential IOCG systems, comparable to those found in South Australia’s Gawler Craton and Queensland’s Cloncurry district.
The scientific and technical information within this release has been reviewed and approved by Mr. Carl Swensson (FAusIMM), a Qualified Person as defined by National Instrument 43-101. Mr. Swensson is a director of the Company’s subsidiary and a shareholder of the Company.
Inflection Resources Ltd. is a gold-copper-focused mineral exploration company with projects in New South Wales and the Northern Territory, Australia. It is 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”.
Inflection is part of the NewQuest Capital Group, an investment group dedicated to building value through the incubation and financing of early-stage mineral exploration projects globally.
Source: Inflection Resources Ltd.
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