Inflection Resources to Acquire Copper-Gold Projects from Newmont
Inflection’s Australian Acquisition
Inflection Resources has agreed to acquire a portfolio of Australian copper-gold exploration assets from subsidiaries of Newmont Corporation. The finalized deal, signed on June 13, 2025, involves a 100% stake in these promising projects, expanding Inflection’s exploration footprint.
Project Details
The acquisition includes the Tennant East project in the Northern Territory. This project comprises twelve exploration licenses. Additionally, the Bell River project in New South Wales is part of the deal. This project is known for its potential porphyry systems.
The Tennant East project is located in Australia’s Northern Territory, covering several Iron Oxide Copper Gold targets. The Bell River project is situated in the Macquarie Arc, a major mineral belt in Australia.
“These properties align with Inflection’s current exploration activities and satisfy the company’s exploration standards.”
—Alistair Waddell, CEO, Inflection
The global copper market is experiencing significant growth, driven by increasing demand from electric vehicles and renewable energy infrastructure. In 2024, copper prices reached record highs, reflecting the metal’s crucial role in the green energy transition (S&P Global 2024).
Strategic Approach
Inflection’s CEO, Alistair Waddell, highlighted that these acquisitions fit well within existing exploration initiatives. The company, supported by AngloGold Ashanti, aims to generate value from these assets using a focused approach.
The acquisition signals a strategic move by Inflection Resources to bolster its portfolio. The company is focused on identifying and developing promising copper-gold projects in Australia.
