Infinity Mining’s Strategic Shift Raises Questions on WA Asset Divestment and Exploration Focus

Expanding Horizons in Eastern Australia

Infinity Mining Ltd (ASX: IMI) has significantly broadened its exploration ambitions with the acquisition of a substantial new portfolio of copper, gold, and critical minerals projects across Eastern Australia. Covering approximately 3,000 square kilometres, this portfolio spans 12 tenements in New South Wales, Victoria, and Tasmania, marking a strategic shift that complements its existing Western Australian assets.

The Eastern Australian projects include the historically significant Cangai Copper Project in NSW, which hosts a JORC 2012 compliant Mineral Resource Estimate of 4.4 million tonnes at 2.5% copper inferred, plus additional indicated resources from historic stockpiles. This equates to roughly 114,000 tonnes of contained copper metal, positioning Cangai as a cornerstone asset for Infinity’s copper ambitions.

New Targets from Historical Data and Modern Techniques

During the March 2025 quarter, Infinity’s geologists re-logged historical diamond drill core from the Cangai project, identifying magnetic pyrrhotite associated with copper mineralisation. This discovery has prompted plans for a new magnetic geophysical survey aimed at delineating subsurface drill targets, leveraging cost-effective and precise exploration technology.

Similarly, reprocessing of a 2019 electromagnetic (EM) survey at the Bogong Copper Project by specialist consultants Mitre Geophysics revealed several new EM conductors, including two undrilled targets approximately 250 metres east of known mineralisation. These findings underscore the potential for discovering deeper or strike-extended porphyry copper systems, which remain largely untested.

Reviving Historic Samples to Unlock Gold Potential

In Victoria, the Tanjil Bren Gold Project is gaining renewed attention through the re-analysis of 95 historic stream sediment samples collected in 1981. These samples, originally assayed only for tin and tungsten, are now being tested with modern geochemical methods to identify gold and other pathfinder elements. This initiative, supported by veteran geologist Allan Geoffrey Rossiter, aims to refine target zones for intrusive-related gold systems near the prolific Walhalla Goldfield.

Western Australia: Maintaining Focus Amid Divestment Talks

While the company’s Eastern Australian portfolio is rapidly evolving, Infinity’s Western Australian projects in the Pilbara and Central Goldfields regions remain under review. No new drilling results were reported this quarter, but the company is actively negotiating potential divestments or partnerships for these non-core assets. Such transactions could provide additional capital to accelerate exploration in Eastern Australia.

Notably, the Central Goldfields Project holds a maiden JORC Inferred Mineral Resource of approximately 63,000 ounces of gold, with an exploration target that could extend to nearly 600,000 ounces. Meanwhile, the Pilbara projects continue to show promise for lithium, nickel, and gold, with previous drilling highlighting pegmatite-associated lithium mineralisation and elevated nickel intervals.

Financial and Strategic Outlook

As of 31 March 2025, Infinity Mining reported a cash balance of $567,373. The company’s expenditure during the quarter included $263,000 on new tenement acquisitions and security deposits, alongside exploration and corporate costs. Importantly, no payments were made to related parties, reflecting a clean governance stance.

Looking ahead, Infinity plans to prioritize its highest-potential targets in Eastern Australia through detailed data analysis, geophysical surveys, and drilling campaigns. The company has committed to regular updates on project-specific progress, signaling a proactive approach to unlocking value from its expanded portfolio.