CARRON GOLD PROJECT

Exploring for high-grade orogenic lode gold along trend from the historic Croydon Goldfields.

Overview

• Exploring for high-grade orogenic lode gold along trend from the historic Croydon Goldfields.
• Croydon is one of Queensland’s significant historic gold camps with >1Moz Au production with average grades of 35 g/t Au* widely reported.
• Project generated by technical team led by Dr. Douglas Haynes.

*Van Eck M, Child R 1990 – Croydon Gold deposits: in Hughes F E (Ed.), 1990 Geology of the Mineral Deposits of Australia & Papua New Guinea The AusIMM, Melbourne Mono 14, v1 pp 979-982

Carron Gold Project Target Generation

• ~61,200 ha exploration licenses.
• Interpreted, north-west concealed extension of Croydon mineralization located under post-mineral cover.
• High-grade (+1 oz/t) orogenic lode gold veins at Croydon trend in a northwesterly direction.
• ~30 km strike length of un-tested drill targets.

Inflection has completed the following

Inflection completed the following:

• 3,855-line km of 50 meter spaced airborne magnetics.
• 3D Magnetic Vector Inversion modelling.
• Constructed 3D geological model.
• Defined 25 initial drill targets.
• Completed 2 scout drill-holes

Work program

• First-pass drilling on highest priority targets.

Ownership

• Current 50% ownership. (JV with Oakland Gold Pty Ltd.)
• Option to earn up to 70% interest by investing AUD$0.5M.
• Pathway to earn a 100% interest.