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An update from Infinity Mining Limited ( (AU:IMI) ) is now available.
Infinity Mining Limited has announced the discovery of stibnite (antimony sulphide) mineralisation at its Walhalla South Extended Project in Victoria. This discovery is associated with a circular magnetic target, indicating potential for intrusion-related gold systems. The company has submitted rock chip samples for assay to confirm antimony and gold grades. This finding aligns with the geological setting of the nearby Sunday Creek Gold Project, known for high-grade gold mineralisation. The discovery comes at a time when antimony prices are rising, presenting Infinity with an opportunity to expand its exploration efforts in the region.
More about Infinity Mining Limited
Infinity Mining Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is engaged in identifying and extracting valuable minerals, with a particular emphasis on antimony and gold, as evidenced by their recent activities in Victoria, Australia.
Average Trading Volume: 1,562,571
Technical Sentiment Signal: Sell
Current Market Cap: A$5.08M
For an in-depth examination of IMI stock, go to TipRanks’ Overview page.