Infinity Mining Limited (ASX: IMI) has entered into binding term sheets to acquire a portfolio of gold and copper exploration projects in New South Wales, Victoria and Tasmania, via two separate transactions with private companies.
While Infinity said it considers its existing project portfolio in Western Australia as diversified and it views the new Eastern Australian gold and copper exploration project portfolio to be acquired, as an attractive and complimentary addition to its existing lithium, gold, copper and base metal assets.
The new projects would also significantly increase Infinity’s project footprint and extend the company’s activities into three additional world class exploration areas in NSW, Victoria and Tasmania.
The portfolio includes several gold projects, such as Tanjil Bren and Harden, all located in historically productive gold regions with promising geological settings and recent neighbouring exploration success.
Utilising the recently recognised application of the Intrusion-Related Gold System (IRGS) exploration model in Victoria, these projects show good potential for significant discoveries by focusing on fertile, reduced intrusive complexes.
Beyond gold, the portfolio encompasses projects with diverse mineralisation, including copper, tungsten, molybdenum, tin, copper, and other base metals. Notable Monkey Gully and Bogong Copper Project, offering multiple avenues for potential valuable resource discoveries.
Key projects such as Harden are strategically located near established mining operations, providing potential synergies in processing and infrastructure utilisation, which can significantly enhance project economics and development timelines. Additionally, the projects benefit from extensive historical exploration data and workings.
This strong foundation of existing knowledge and planned activities positions the projects for accelerated exploration and potential resource definition.
Next steps
With several identified drill-ready targets, the next phase will prioritise immediate drilling while concurrently conducting thorough review and extraction of all existing historical exploration data, including any geological surveys, drilling results, geophysical and geochemical analyses, and nearby resource estimates.
This historical data will undergo rigorous verification to ensure it meets JORC standards, involving re-assaying existing samples, conducting independent reviews of historical reports, and validating data through modern exploration techniques.
Once verified, this data will be digitised and integrated into a centralised geological database to facilitate comprehensive analysis. Utilising this compiled data, high-potential exploration targets will be identified, focusing on areas.
with significant historical mineralisation and geological anomalies. Advanced geospatial and data analytics tools will be employed to refine target areas and prioritise drilling locations based on geological, geophysical, and geochemical signatures.
Initial drilling programmes will be designed and executed in parallel with the data review, tailored to each project's unique geological setting. This includes detailed geophysical and geochemical surveys to refine targets and guide drilling efforts.
Drilling campaigns will be conducted to test and confirm these high-priority targets, with drill samples analysed to validate historical data and enhance the understanding of subsurface geology and mineralisation.
“Infinity Mining is eager to release the detailed JORC-compliant technical information and drill plans for these projects in the coming months, as Infinity completes its technical due diligence on each project and compiles a comprehensive new internal database,” Executive Chairman, Joe Phillips, said.
“Infinity will further welcome the highly skilled technical guidance for the advancement of these projects, ensuring that the company can concurrently maintain its focus on the Western Australian assets.
“Infinity is excited to create short-term news flow, keeping stakeholders informed and engaged with the ongoing exploration progress and potential discoveries.”