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Infinity Mining Expands Exploration Footprint in Eastern Australia

Story Highlights
  • Infinity Mining acquires 12 new tenements in Eastern Australia, expanding its exploration footprint.
  • The company is re-evaluating historical data to identify high-priority exploration targets in copper and gold.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Infinity Mining Expands Exploration Footprint in Eastern Australia

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Infinity Mining Limited ( (AU:IMI) ) has provided an update.

Infinity Mining Limited has expanded its exploration activities by acquiring 12 new tenements in Eastern Australia, covering approximately 3,000 km². This expansion includes the Cangai Copper Project, known for its historical copper mine and significant mineral resources. The company is re-evaluating historical data and conducting new surveys to identify high-priority exploration targets. In Western Australia, Infinity is exploring lithium, nickel, and gold projects while negotiating potential divestments of some assets. This strategic expansion and exploration could enhance Infinity’s market positioning and offer new opportunities for stakeholders.

More about Infinity Mining Limited

Infinity Mining Limited is an exploration company focused on the mining industry, primarily dealing with gold, copper, and critical minerals. The company has a diversified portfolio with projects in Eastern Australia and Western Australia, aiming to expand its footprint in world-class exploration areas.

YTD Price Performance: 20.0%

Average Trading Volume: 497,943

Technical Sentiment Signal: Buy

Current Market Cap: A$5.08M

See more data about IMI stock on TipRanks’ Stock Analysis page.

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