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Infinity Mining Identifies New Gold Target and Refocuses Strategy

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Infinity Mining Identifies New Gold Target and Refocuses Strategy

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

Infinity Mining Limited has identified a new gold target at the Sir Walter Scott Gold prospect within the Cangai Project in New South Wales, enhancing its exploration potential in the region. The company has also executed a Share Sale Agreement to divest the Leonora Goldfields Project, aligning with its strategy to concentrate on core assets. Additionally, Infinity completed a Loyalty Option Offer, raising approximately $282,010 to support its exploration activities and appointed Mr. Cameron Petricevic as a Non-Executive Director.

More about Infinity Mining Limited

Infinity Mining Limited is a company operating in the mining industry, focusing on exploration projects across Eastern and Western Australia. The company is primarily involved in high-grade copper and gold projects, as well as critical minerals, with a significant exploration portfolio spanning approximately 3,000 km2 in New South Wales, Victoria, and Tasmania.

Average Trading Volume: 474,386

Technical Sentiment Signal: Sell

Current Market Cap: A$3.81M

Find detailed analytics on IMI stock on TipRanks’ Stock Analysis page.

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