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An announcement from Infinity Mining Limited ( (AU:IMI) ) is now available.
Infinity Mining reported a March quarter focused on portfolio review, geological assessment and development planning at its Cangai Copper Project, underpinned by a disciplined cost approach that delivered about a 66% reduction in operating expenses and left cash of $381,600, or more than two quarters of runway. Management described the period as one of consolidation that sets up a more active June quarter as exploration and development initiatives gain momentum.
The company advanced its binding cooperation with Orivium Global on mineral extraction from historical smelter slag and oxide material at Cangai, progressing metallurgical test work and planning for commercial plant construction and permitting as part of a broader metals extraction solution. Infinity also intensified technical work across its Western Australian portfolio, including data-driven targeting at the high‑priority Hillside project, and formalised a farm‑in and strategic technical alliance with Mining One over its Victorian Tanjil Bren and Walhalla South Extended tenements, sharpening its exploration priorities while engaging potential technical and funding partners.
A systematic review of historical geological data from WAMEX and other sources is guiding exploration rationalisation and prioritisation at Hillside, Panorama and Tambourah, with in‑house geologists leading research and planning to refine targets. These steps, together with the portfolio and corporate structure rationalisation, are aimed at improving operational focus and strengthening Infinity’s positioning for future project development and stakeholder value creation.
More about Infinity Mining Limited
Infinity Mining Limited is an Australian mineral exploration and development company with projects in Western Australia and Victoria, including the Cangai Copper Project, Hillside, Panorama, Tambourah, Tanjil Bren and Walhalla South Extended. The company focuses on copper, gold and antimony opportunities and is advancing extraction technologies and partnerships to commercialise its resource portfolio while keeping a tight rein on costs and capital.
Average Trading Volume: 8,842,053
Technical Sentiment Signal: Sell
Current Market Cap: A$4.48M
See more data about IMI stock on TipRanks’ Stock Analysis page.