Infinity Metals Limited (ASX:INF) has received regulatory approval to drill a previously untested tin target at its Yambacoona Project in New South Wales, the company said in an announcement on 6 October 2026.

According to the release, the Department NSW Resources approved the company's Assessable Prospecting Operation (APO) application, landholder access has been obtained for all areas, and Wallis Drilling has been engaged to begin a reconnaissance aircore programme in late October.

The programme

The company plans up to 35 aircore drillholes on exploration licence EL9796, which Infinity owns outright. Bedrock is estimated to sit 15 to 20 metres below transported cover. Infinity described the work as a "quick, low-cost aircore (AC) programme" designed to test for broad zones of alteration under a skarn-type mineralisation model.

The company said the target, identified by a geophysical survey, "has never been drilled", and that the programme seeks a "repeat of tin deposit along strike". Yambacoona is about 60 kilometres east of Bourke and, according to Infinity, is prospective for tin, lithium and rare earth minerals. The company said the project shares significant geological similarities with the Doradilla tin project held by Sky Metals (ASX:SKY) to the south.

Market backdrop

The company noted that tin prices are consolidating around record levels, sustaining approximately US$55,000 per tonne, and said Demand has increased consistently while Supply "has not responded".

Strategic context

Infinity was explicit that Yambacoona is not its priority. The announcement states that its "focus remains on copper-molybdenum Assets in U.S.A".

Analysis: The Yambacoona programme appears to be a low-cost way for Infinity to retain exposure to tin while prices are elevated, with its main exploration effort directed to the United States.

Uncertainties

This is reconnaissance drilling over ground with no previous effective testing, and the announcement contains no exploration results, Mineral Resources or Exploration Targets. Aircore drilling is designed to sample shallow bedrock and alteration, and favourable geology does not necessarily translate into economic mineralisation. The comparison with the Doradilla project reflects the company's geological interpretation rather than evidence of mineralisation at Yambacoona.

The competent person's statement by Chairman Adrian Byass refers to the "Corryong Project" in its confirmation sentence, although the rest of the document concerns Yambacoona; the announcement does not explain the reference.

Infinity has not given a timetable for reporting drilling results. The release says only that drilling is scheduled to start in late October, and investors will need to wait for subsequent announcements to learn whether the programme intersects the alteration the company is seeking.