Infinity Mining (ASX:IMI) has pinpointed significant gold and copper anomalies in the Pilbara, with historic samples hitting 240 g/t gold and 7.8% copper. The company plans surface sampling and drilling this winter, while appointing geologist Steven Wood to its board.
- Gold anomaly trend extends over 10 km with peak 240 g/t Au
- Copper anomaly trend spans 7.5 km with up to 7.8% Cu and 141 g/t Ag
- Reverse Circulation drilling planned for June-July 2026 pending approvals
- Steven Wood joins board bringing regional exploration expertise
- Executive remuneration adjusted with majority paid in shares
High-Grade Gold and Copper Anomalies Discovered
Infinity Mining Limited (ASX:IMI) has revealed compelling exploration prospects at its Hillside Project in Western Australia’s Pilbara region, identifying two substantial mineral anomaly trends. Historic rock chip sampling across the company’s tenure has uncovered a gold trend extending over 10 kilometres, boasting assays as high as 240 grams per tonne (g/t) gold, alongside a 7.5-kilometre copper trend with samples peaking at 7.8% copper and 141 g/t silver. These results position Hillside as a significant multi-commodity target in a well-established greenstone belt.
The gold anomaly forms the southern segment of a broader regional trend exceeding 28 kilometres, with 21 rock chip samples surpassing 10 g/t gold. Notable assays include 240 g/t from quartz reefs and multiple samples above 30 g/t. Meanwhile, the copper trend is characterised by volcanogenic massive sulphide (VMS)-style gossans, consistent with the geological setting, with 14 samples exceeding 1% copper and associated silver anomalies.
Exploration Plans and Regional Context
Infinity has lodged a Program of Works (POW) and is poised to commence surface sampling followed by Reverse Circulation (RC) drilling during the winter months of June and July 2026, subject to regulatory approval. The company’s geology team is currently arranging targeted fieldwork to refine drill targets and optimise logistics ahead of the drilling campaign.
The Hillside Project lies within the Archaean Coongan Greenstone Belt, a geological setting known for structurally controlled gold systems and VMS base metal deposits. This belt shares stratigraphic and structural similarities with the nearby Panorama greenstone belt, home to Develop Global Limited’s (ASX:DVP) Panorama project. That project includes the Sulphur Springs deposit, containing 17.4 million tonnes at 1.3% copper, 4.2% zinc, and 17 g/t silver, located less than 70 kilometres from Infinity’s tenure. This proximity enhances the prospectivity of Infinity’s targets, as detailed in the company’s announcement and supported by the regional exploration framework.
Board Appointment and Executive Remuneration Update
In a strategic move to bolster its technical expertise, Infinity has appointed Steven Wood as an Independent Non-Executive Director. Mr Wood brings over 30 years of exploration experience, including a five-year tenure as Exploration Manager at Develop Global Limited, where he contributed to the advancement of the Sulphur Springs VMS project. His appointment is expected to strengthen Infinity’s geological oversight and support the company’s exploration ambitions.
Concurrently, Infinity has adjusted the remuneration of its executive directors Cameron Petricevic and Kevin Woodthorpe to market rates of $245,000 per annum, effective from March 1, 2026. Importantly, approximately 82% of their base pay will be delivered in shares, aligning management interests with shareholders and conserving company cash. The remuneration packages include short- and long-term incentives linked to performance milestones, with shareholder approval to be sought at the next general meeting.
This remuneration update follows recent initiatives by Infinity to fund exploration and technology development, such as its earlier capital raise to boost Victorian gold and Cangai tech and the partnership deploying Super Oxidiser technology at Cangai to unlock hidden metals.
Caution on Historical Data and Next Steps
While the historic rock chip results underpin the exploration targets, Infinity cautions that these samples require validation through new fieldwork and assays. No drilling has yet been conducted on the Hillside Project, and the Program of Works is still pending approval. The company plans further surface sampling to confirm anomalies before advancing to RC drilling.
Infinity’s next updates will focus on assay results from the upcoming sampling and the progress of drilling approvals. The company’s multi-commodity focus, combined with experienced leadership and proximity to significant deposits, sets a watchpoint for investors interested in Pilbara exploration plays.
Bottom Line?
Infinity’s identification of high-grade gold and copper anomalies at Hillside sets the stage for a pivotal exploration phase, but confirmation through drilling and assay results remains critical.
Questions in the middle?
- Will the upcoming drilling confirm the continuity and economic viability of the identified gold and copper anomalies?
- How will Steven Wood’s regional expertise influence Infinity’s exploration strategy and project prioritisation?
- What impact will the significant share-based remuneration have on shareholder dilution and company cash preservation?