Inflection Resources Advances Copper-Gold Projects with AngloGold Ashanti Partnership

Inflection Resources ( (TSE:AUCU) ) has issued an update.

Inflection Resources Ltd. announced that AngloGold Ashanti has completed Phase I of their Exploration Earn-in Agreement by investing AUD$10,000,000 in Inflection’s copper-gold projects in New South Wales. AngloGold Ashanti has selected four projects—Duck Creek, Trangie, Crooked Creek, and Nyngan—to advance to Phase II, which involves funding exploration expenditures of AUD$7,000,000 on each project over three years. This development marks a significant milestone for Inflection, as it not only secures necessary capital for project development but also strengthens its partnership with AngloGold Ashanti, which has acquired a 9.9% equity position in Inflection. The ongoing drilling at the Trangie project, part of Phase II, is particularly promising, with recent drill results indicating potential for significant mineralization.

More about Inflection Resources

Inflection Resources Ltd. operates in the mining industry, focusing on the exploration and development of copper-gold projects. The company is primarily engaged in projects located in New South Wales, Australia, with a market focus on the discovery and development of mineral resources.

YTD Price Performance: 100.0%

Average Trading Volume: 68,521

Technical Sentiment Signal: Sell

Current Market Cap: $23.71M

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