Inflection Resources Ltd. provided an update on the ongoing drilling in New South Wales. Inflection is systematically drill testing a series of 100% owned, copper-gold alkalic porphyry targets located in the northern interpreted extension of the Macquarie Arc. The Company has intersected strong porphyry-style alteration at the Duck Creek target; Hydrothermal alteration intercepted in drill hole DCKDH002 is interpreted as being indicative of porphyry-related potassic alteration overprinted by sericite-carbonate alteration; The Company interprets this alteration to be significant and provides strong encouragement for step-out follow-up drill holes; and, Step-out drilling from hole DCKDH002 will commence shortly. Duck Creek - EL 8965: The Duck Creek project is a large alkalic porphyry-related copper-gold style target. This 4.5 x 5.0-kilometre target area covers favourable magnetic and gravity features identified by analysing pre-competitive airborne geophysical survey data which the Company considers to be part of the prospective Macquarie Arc volcanic sequence. The broad target area comprises a 10 x 15-kilometre gravity low embayment within the large regional magnetic high. The Company considers the geological setting highly analogous to the Northparkes mine located approximately 200 kilometres to the south. Specifically, the Company has identified high amplitude, complex, curvilinear magnetic patterns very similar to those typical of the intrusion-related signatures of the Macquarie Arc mineralized districts. Two drill holes DCKDH002 and DCKDH003 were drilled to test an aeromagnetic low and high, which are interpreted to represent zones of magnetite depletion and enrichment, respectively. Drill hole DCKDH002 was drilled to test an aeromagnetic low. The hole intercepted post-mineral Mesozoic sediments from surface to 365.60m, then a sequence of mixed volcaniclastics which exhibit what the Company interprets as moderate to strong outer potassic, porphyry style alteration manifest by the presence of biotite-magnetite-K-feldspar-actinolite-albite to the bottom of the hole at 466.20m. The sequence of volcanics has been intruded by a strongly hematite altered feldspar porphyry
from 407.50 to 408.28m and there is 1-3% disseminated pyrite throughout the volcanic sequence. Ptygmatic quartz veins intersected at 389.40m and 400.85m are interpreted to represent porphyry style "A veins" and thin centreline quartz-pyrite veins present at 389.4m, 391.25m and 396.6m, are interpreted to represent porphyry-style "B veins". The Company interprets drill hole DCKDH002 to be highly significant as the hydrothermal alteration is suggestive of an outer potassic, porphyry-proximal zone, which should assist with vectoring towards potential mineralisation. Drill core also contains zones of anhydrite veining which the Company specifically considers important as their presence suggests fluids may have been derived from an oxided intrusion at depth.