INFLECTION RESOURCES LTD - AUCUF STOCK NEWS

Inflection Resources (CSE:AUCU) has entered a non-binding Heads of Agreement with AngloGold Ashanti for a potential multi-year Earn-in Agreement on its copper-gold projects in New South Wales, Australia. AngloGold will conduct due diligence within 60 days and may fund up to AUD$10 million in exploration over three years, with a minimum of AUD$6 million earmarked for Phase I. The agreement allows AngloGold to earn up to a 65% interest in selected projects through staged investments totaling AUD$135 million. Inflection's projects are located in the Macquarie Arc, a significant copper-gold region.

Inflection Resources Ltd. (CSE: AUCU; OTCQB: AUCUF) has begun drilling at its Carron Gold Project in Northern Queensland, targeting high-grade gold-bearing quartz veins similar to those in the historic Croydon gold mining district. The project covers roughly 30 kilometers of geological features, with 25 drill targets identified and initial drilling set for nine priority sites. Previous drilling indicated weak gold presence, but results bolster confidence in the geological model. The company aims to earn up to 100% interest in the project, currently holding a 50% stake.

Inflection Resources Ltd. (CSE: AUCU) has provided an exploration update detailing progress in Northern New South Wales. The company completed first-pass drilling at several targets, with notable results from the Marra target, returning significant values for Zirconium and Rare Earth Elements (REE). Follow-up drilling is underway at priority areas including Trangie and Nine Mile, while a magnetic anomaly at Marra suggests potential additional mineralization. The company’s holdings span over 8,730 km² in a promising geological area.

Inflection Resources Ltd. (CSE: AUCU) has identified five new priority copper-gold exploration targets in Northern New South Wales, Australia. The targets, named Duck Creek, Bogan West, Mundadoo North, Ginghet North, and Walgett East, are all 100% owned by the Company and have been identified using regional aeromagnetic and gravity data. Inflection has already granted two exploration licenses and has applied for three more. The Company plans to systematically drill test these targets, aiming to discover a significant copper-gold deposit as part of its ongoing exploration program.

Headwater Gold Inc. has successfully obtained the final receipt for its non-offering prospectus from the British Columbia Securities Commission on May 31, 2021. This approval paves the way for the Company's common shares to commence trading on the Canadian Securities Exchange under the symbol HWG within ten days. President and CEO Caleb Stroup expressed gratitude to the exceptional team and shareholders for their support. Headwater is focused on high-grade precious metal exploration in the Western USA and has ambitious plans for drilling its 100% owned projects in 2021.

Inflection Resources Ltd. (CSE: AUCU / OTCQB: AUCUF) has raised $4.44 million through a non-brokered private placement, selling 13.87 million units at $0.32 each. The offering was oversubscribed by over $1.4 million, attracting significant support from existing shareholders and new investors like Crescat Capital LLC. The proceeds will fund an aggressive drilling program in New South Wales and the Carron Project in Queensland. Insiders purchased 1.54 million units, qualifying the transaction as a related party deal, but under the necessary market cap threshold.