Infinity Mining (ASX:IMI) is a micro-cap explorer that has spread its small budget across three early-stage ideas: gold and antimony in Victoria, copper-silver in Western Australia and a copper project in New South Wales. The central point is that its news flow is entirely exploration-stage, with cash measured in hundreds of thousands of dollars.

What the company does

Infinity Mining explores gold, antimony and copper. Its Annual Report for the year to 31 March 2026 was lodged on 26 June 2026.

Latest latest developments

On 27 July 2026 the company reported rock-chip assays from quartz veins at Tanjil Dome in Victoria of up to 48.7% antimony with 1.35 g/t gold. Soil sampling outlined an antimony-arsenic anomaly over at least 500 metres, with peak values of 751 ppm antimony and 791 ppm arsenic, according to the June 2026 quarterly report.

A later update, reported by a secondary news source rather than the ASX document itself, said the gold anomaly had doubled to about one kilometre, with a peak surface assay of 3.70 g/t gold from float quartz breccia. A second target, Good Hope, about three kilometres east, returned 12.91 g/t gold from a grab sample at a historical shaft. These are surface samples, not drill intersections or a mineral resource. The company said trench mapping and sampling is due to start by October 2026, with environmental approval and bond already in place.

In Western Australia, the Hillside project reconnaissance identified a nine-kilometre copper trend and ten outcropping gossans, with assay highlights of 9.4% copper, 163 g/t silver and 0.7 g/t gold. The project lies roughly 50 kilometres south-west of Develop Global’s Sulphur Springs operation. Drilling remains subject to heritage clearance and regulatory review.

At Cangai in New South Wales, metallurgical testing with partner Orivium reported effectively 100% copper extraction under laboratory conditions. The same report said the historical mineral resource estimate needed revising after block-model validation concerns, with a revised estimate listed as a forthcoming milestone.

Funding and cash

The Quarterly Report for the period ended 30 June 2026 showed cash of A$370,739. Exploration spending in the quarter was A$89,767 and administration costs were A$76,363. The company estimates funding for at least two quarters.

Two items may help. A farm-in with Mining One on the Tanjil Bren and Walhalla South Extended tenements would see Mining One contribute A$200,000 within 12 months to earn 25%, then drill at least 1,500 metres to reach 51%. Separately, the sale of Evergreen Lithium shares raised A$185,660 net, with roughly A$137,000 of holdings retained, per the quarterly report.

Sector context

Commodity price and Demand conditions for antimony, gold and copper were not verified for this article, so no sector view is offered beyond noting that early-stage results of this kind are common among junior explorers.

Risks

Surface sampling may not translate into drilling success.

The Cangai resource estimate is being revised and could change.

Heritage and regulatory approvals may delay Hillside drilling.

Upcoming milestones

Trenching at Tanjil Dome and Good Hope (due by October 2026), a revised Cangai resource estimate, continued Orivium studies and the annual general meeting, for which notice was lodged on 3 August 2026.