Inflection Resources: Trangie Exploration: 92 Holes Completed, AngloGold Ashanti Exploration Partner
Summary
Inflection and partner AngloGold Ashanti are systematically grid-drilling a 15-square-kilometer porphyry copper-gold target under cover at Trangie, NSW, fully funded by AngloGold.
The 92-hole air-core program enables district-scale mapping of alteration, geology, and 52-element geochemistry to vector toward Northparkes-style alkalic porphyry deposits.
Multi-element assaying at 2-meter sample intervals builds a geochemical heat map within 6 to 8 weeks, guiding diamond drill targeting on the highest-priority zones.
At Endurance, gravity and IP surveys over Big Eye and Barrel Eye anomalies are positioning maiden IOCG scout drilling before year end.
Northern Territory and NSW government co-funding grants give Inflection non-dilutive capital to advance ground geophysics this year and qualify targets for major-miner partnerships.
Key points on Anglogold Ashanti
- AngloGold Ashanti is fully funding Inflection's systematic air core drill program at the Trangie Project in northern New South Wales; assays from the remaining six holes of the 92-hole program are expected in roughly 6-8 weeks as of mid-September 2026.
- The guest notes AngloGold's own technical team is working closely with Inflection's geological team on the ground in NSW, and the two will jointly design the follow-up diamond drilling program after the air core results are integrated.
- AngloGold partnered only after Inflection had already drilled initial holes to prove up the porphyry concept at Trangie; the partners then elected to step back and grid-drill ~15 sq km at ~250-metre spacings before committing to deeper, more expensive diamond drilling.
Key points on Evolution Mining
- The guest cites Evolution Mining's North Park's deposit in NSW as the nearest analogue, characterising it as a cluster of finger-like alkalic ('pencil') porphyry bodies typically spread over about 5-6 sq km — the model he thinks Trangie may also fit.
Key points on Newmont
- The Endurance Project portfolio in the Northern Territory was acquired from Newmont; the guest explains these properties were originally generated by Newcrest and were effectively orphaned by the Newcrest-Newmont merger before Inflection picked them up.
Alistair Waddell's takeaways
- Top takeaway The guest argues Trangie is best read as a district of clustered alkalic porphyry centres rather than a single target, with the two known mineralised zones ~5 km apart and possible additional systems in between — the reason he and AngloGold Ashanti chose a systematic ~15 sq km grid-drill approach before more expensive diamond drilling.
- He frames the air core program as essentially an 'advanced soil sampling programme' giving ~15 m of geological control, assaying 52 elements every 2 m to vector on copper, gold, and pathfinder anomalies at the cover-basement contact, and expects the integrated dataset to produce a clear 'heat map' of warmer/cooler areas for the next drill phase.
- On Endurance, he stresses the IOCG targets (Barrel Eye, Big Eye) are large and have never been drilled, so the plan is early-stage air core / RC scout holes later in 2026 using NT government co-funding, followed by courting a major partner — explicitly repeating the playbook that brought AngloGold Ashanti into NSW.
- He highlights that the prospect-generator strategy is being actively supported by non-dilutive government grants (~$300k from the NT in 2026, ~$700k from NSW over recent years), allowing Inflection to advance targets without tapping equity markets, while an active pipeline of new project-generation work continues in the background.