Cobungra Drilling Yields Gold 0.53 g/t, Silver 6.08 g/t; San Jose Licence Pending
Infinity Metals has completed drilling at its Cobungra Gold-Copper-Silver Project in Victoria, confirming mineralisation over a 2km strike, while awaiting regulatory feedback on its San Jose Lithium Mining Licence Application in Spain.
- Completed drilling at Cobungra confirms gold-silver mineralisation over 2km strike
- Awaiting feedback on San Jose Lithium Mining Licence Application amid regional political uncertainty
- Portions of exploration permit cancelled but do not affect San Jose mining licence process
- New tin-lithium exploration licence granted in New South Wales
- Company holds A$2.25 million cash and continues to assess complementary Australian assets
Cobungra Drilling Validates Mineralisation Potential
Infinity Metals Limited has wrapped up a focused drilling campaign at its 100% owned Cobungra Project in Victoria, Australia. The recent program targeted shallow extensions of historic silver and gold workings at the Comstock (CST) Prospect, situated along the Ensay Shear. Initial 4-metre composite assays revealed low to moderate grade gold and silver mineralisation, including 4m at 0.53 g/t gold and 4m at 6.08 g/t silver, confirming mineralisation extends over a significant 2-kilometre strike.
The drilling results validate the presence of structurally controlled gold-silver mineralisation, reinforcing Cobungra’s potential as a meaningful exploration asset. The company plans to submit individual 1-metre samples for further assay to refine the understanding of mineral distribution and grade variability.
San Jose Lithium Project – Regulatory Process Continues Amid Political Flux
Meanwhile, Infinity Metals is awaiting feedback from Spanish regional authorities on its Mining Licence Application (MLA) for the San Jose Lithium Project in Extremadura, Spain. The company submitted extensive documentation in the previous quarter, with the application currently under technical review. Regional elections held in December resulted in a hung parliament, with the incumbent Partido Popular expected to govern in a minority coalition, maintaining continuity in the regulatory environment.
Notably, portions of an exploration permit held by subsidiary Castilla Mining SL were cancelled after the quarter end. However, these areas lie outside the defined mineral resource and do not impact the MLA process or the company’s ability to develop the project if approved. Infinity retains other tenure applications and appeals over adjacent ground, positioning itself to maintain strategic control pending regulatory outcomes.
Expanding Australian Footprint with Tin-Lithium Licence
In Australia, Infinity Metals secured a new exploration licence (EL 9769) in New South Wales, targeting tin and lithium mineralisation in a historically productive tin field. Early field reconnaissance has commenced, with landowner engagement underway. This addition complements the company’s existing Victorian gold-copper-silver projects and aligns with its strategy to build a diversified portfolio of critical minerals assets.
Financial Position and Strategic Outlook
As at 31 December 2025, Infinity Metals held A$2.25 million in cash, providing a solid foundation for ongoing exploration and permitting activities. The company continues to evaluate opportunities primarily within Australia for complementary gold, copper, silver, and base metal projects, while monitoring lithium market dynamics that could enhance the value of its San Jose asset.
With assay results pending from detailed sampling at Cobungra and regulatory feedback awaited in Spain, Infinity Metals stands at a pivotal juncture. The outcomes of these developments will shape the company’s near-term trajectory and its role in supplying critical minerals for emerging technologies.
Bottom Line?
Infinity Metals’ next steps hinge on assay results and Spanish regulatory clarity, setting the stage for potential growth in critical minerals.
Questions in the middle?
- What will detailed 1-metre assay results reveal about the grade and extent of mineralisation at Cobungra?
- How will the political situation in Extremadura influence the timing and outcome of the San Jose Mining Licence Application?
- What additional Australian assets might Infinity Metals pursue to complement its existing portfolio?
