Highlights

  • Infinity Mining Limited (ASX:IMI) reported the developments covered below, including operational progress, financial implications and the main outstanding milestones.
  • At Hillside, 47 reconnaissance rock-chip samples were collected, including 36 from exposed gossanous horizons along an approximately nine-kilometre corridor.
  • At Tanjil Dome, the company reported rock-chip antimony grades reaching 48.7% alongside 1.35 grams per tonne gold from a selected sample.

Infinity Mining Limited (ASX:IMI) disclosed reconnaissance results from the Hillside copper-silver project in Western Australia and gold-antimony target work in Victoria for the September 2026 quarter. Exploration remained at an early stage, with rock-chip assays and mapped anomalies guiding future drilling priorities. The company also discussed a potential Cangai asset transaction and preparation for heritage clearance.

Hillside rock chips identify targets

At Hillside, 47 reconnaissance rock-chip samples were collected, including 36 from exposed gossanous horizons along an approximately nine-kilometre corridor. Reported peak values included 9.4% copper, 163 grams per tonne silver, 0.7 grams per tonne gold and 0.7% zinc in individual samples. Infinity identified ten exposed gossans. These are selective surface samples, not representative grades across the full corridor, and do not establish tonnage or a resource.

Drilling preparation follows mapping

The company stated after quarter-end that preliminary heritage clearance had been completed over ten proposed drill areas, with drilling targeted before the end of calendar 2026. Additional surface assays included grades up to 4.3% copper and 72.2 grams per tonne silver. Planning a drilling campaign is a meaningful procedural step, but the programme’s value will depend on completed drilling, laboratory assays and geological continuity rather than the surface results alone.

Victoria provides a second focus

At Tanjil Dome, the company reported rock-chip antimony grades reaching 48.7% alongside 1.35 grams per tonne gold from a selected sample. It also described extension of a gold anomaly to approximately one kilometre, with surface results up to 3.70 grams per tonne gold. At Good Hope, a surface grab sample assayed 12.91 grams per tonne gold. These figures highlight exploration targets, not a verified average grade of a deposit.

Technical work remains preliminary

The company’s Victorian programme incorporates geological interpretation, rock chips and soil sampling to distinguish isolated mineralised occurrences from more continuous trends. A coherent antimony-arsenic anomaly at Tanjil Dome was reported over at least 500 metres. Further field testing is necessary to establish the width and depth extent of mineralisation. The report warns that reconnaissance sampling alone is insufficient to determine economic characteristics.

Cangai transaction under consideration

Infinity reported a non-binding term sheet after quarter-end for a potential sale of Cangai for AUD 1.0 million, plus a possible AUD 0.2 million bond return, while retaining specified slag rights. Separately, laboratory work on historic smelter material continued. A non-binding term sheet should not be treated as a completed sale or as cash already received. The project portfolio therefore combines prospective field work with an unresolved asset realisation process.

For Infinity Mining Limited (ASX:IMI), the distinction between a reported result and an expected future milestone remains important. The financial and operational disclosures cover defined reporting periods, while the timing of further work, receipt of funds and outcomes of planned activities may depend on external approvals or commercial execution. Comparisons are therefore most meaningful when the measurement period, nature of the metric and any outstanding conditions are kept separate. The current position reflects the disclosed facts rather than an assumption that the next project or commercial stage has already been achieved.

Key Insights

Infinity has produced several notable early-stage surface assays, particularly at Hillside and Tanjil Dome. The decisive evidence will come from drilling and follow-up technical work, while any Cangai divestment remains conditional until finalised.