Inflection Resources – AngloGold Ashanti Signs a Non-Binding Multi-Year Exploration Earn-in Across A Portfolio of Copper-Gold Projects in Australia
Alistair Waddell, President and CEO of Inflection Resources (CSE:AUCU – OTCQB:AUCUF) joins us to discuss the February 23rd news release reporting AngloGold Ashanti singing a non-binding multi-year exploration earn-in agreement for a portfolio of copper-gold projects in Australia. This is very big deal for Inflection as AngloGold could be spending a lot of money on a number of Projects to earn up to 75%. See the table below for a summary of the 4 Phase earn-in agreement.
We have Alistair recap how the Company got to the this point and provide some further details on the earn-in agreement.
If you have any follow up questions for Alistair please email us at Shad@kereport.com or Fleck@kereport.com.
Click here to visit the Inflection Resources website and read over the full news release.
I meant to add that this is more evidence the majors must think some of these land packages have gotten too cheap to pass on.
Good news for Inflection shareholders. I thought about pulling the trigger but I do worry about the overburden layer there adding to mining costs. Maybe they will hit something bigly enough where it doesn’t matter but for now I’m in wait and see mode.