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Infinity Mining Limited
(Sydney:IMI)
Infinity Mining Limited (IMI) vs. iShares MSCI Australia ETF (EWA)
Infinity Mining Limited Business Overview & Revenue Model
Infinity Mining Limited Financial Statement Overview
| Breakdown | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -99.62K | -27.98K | -637.00 | -420.00 | -453.00 |
| EBITDA | -2.32M | -2.14M | -2.07M | -125.80K | -130.75K |
| Net Income | -8.73M | -2.16M | -2.07M | -102.95K | -31.16K |
Balance Sheet | |||||
| Total Assets | 8.47M | 16.41M | 17.66M | 95.19K | 77.00K |
| Cash, Cash Equivalents and Short-Term Investments | 250.79K | 3.32M | 8.24M | 6.62K | 6.27K |
| Total Debt | 322.60K | 0.00 | 47.28K | 304.94K | 232.76K |
| Total Liabilities | 604.58K | 371.64K | 187.31K | 371.55K | 250.40K |
| Stockholders Equity | 7.87M | 16.04M | 17.47M | -276.36K | -173.40K |
Cash Flow | |||||
| Free Cash Flow | -3.99M | -5.75M | -3.01M | -71.83K | -15.77K |
| Operating Cash Flow | -2.50M | -2.27M | -2.26M | -60.23K | -15.77K |
| Investing Cash Flow | -1.49M | -3.48M | -750.63K | -11.60K | 397.93K |
| Financing Cash Flow | 916.69K | 840.46K | 11.24M | 72.18K | -383.63K |
Infinity Mining Limited Technical Analysis
Infinity Mining Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
47 Neutral | AU$57.99M | ― | -57.60% | ― | ― | -300.00% | |
44 Neutral | C$980.66M | -6.79 | -13.68% | 1.76% | 17.37% | -32.98% | |
42 Neutral | AU$13.56M | ― | -6.39% | ― | ― | -6.25% | |
41 Neutral | ― | -39.86% | ― | ― | 25.14% | ||
27 Underperform | AU$3.81M | ― | -113.71% | ― | ― | -392.61% |
Infinity Mining Limited Corporate Events
Infinity Mining Limited has finalized a binding Share Sale Agreement with U Resource Pty Ltd and Evergreen Lithium Limited, transferring its interest in the Leonora Goldfields Project. This strategic move enables Infinity to focus on its core assets while retaining a stake in the project’s future through shares in Evergreen Lithium. The transaction aligns with Infinity’s strategy to unlock value and maximize shareholder returns, providing additional funding to advance its primary projects, particularly the Cangai Copper Project. The agreement is expected to offer both immediate value realization and long-term growth potential for Infinity’s stakeholders.
Infinity Mining Limited has announced the appointment of Cameron Glenn Petricevic as a director, effective April 30, 2025. This appointment is part of the company’s ongoing efforts to strengthen its leadership team, although no specific interests in securities or contracts were disclosed for the new director.
Infinity Mining Limited has announced the cessation of Michael Kale as a director, effective April 30, 2025. The final director’s interest notice reveals that Michael Kale held 544,698 ordinary shares directly and 1,690,838 ordinary shares indirectly through M.P.K.I Pty Ltd. This change in directorship may impact the company’s governance structure and could influence stakeholder perceptions.
Infinity Mining Limited has announced the appointment of Cameron Petricevic as a Non-Executive Director, following the resignation of Dr. Michael Kale. Mr. Petricevic brings over 20 years of experience in financial management and corporate strategy, which is expected to enhance Infinity’s strategic goals and shareholder value. His expertise in ASX-listed companies and early-stage growth will be instrumental in supporting Infinity’s vision and strengthening its leadership team.
Infinity Mining Limited’s recent quarterly cash flow report indicates a net cash outflow from operating and investing activities, with significant expenditures on exploration, evaluation, and administrative costs. Despite these outflows, the company has seen a substantial inflow from financing activities over the past year, primarily due to proceeds from equity securities and borrowings, which have bolstered its cash reserves. This financial maneuvering highlights Infinity Mining’s strategic focus on sustaining its exploration initiatives while managing its cash flow effectively.
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.
Infinity Mining Limited has announced the dispatch of documents related to its Loyalty Option Offer, allowing eligible shareholders to subscribe for new options. This move is part of a pro-rata non-renounceable entitlement issue, providing shareholders the opportunity to acquire options at a minimal price, potentially enhancing their investment in the company. The offer is open until May 5, 2025, and aims to strengthen Infinity Mining’s financial position and shareholder engagement.
Infinity Mining Limited has announced a pro-rata non-renounceable entitlement issue of new options to its eligible shareholders, aiming to raise approximately $282,010. The offer is fully underwritten by CPS Capital Group Pty Ltd and partially sub-underwritten by a substantial shareholder, David Michael. This strategic move is expected to strengthen the company’s financial position and potentially enhance shareholder value.
Infinity Mining Limited announced a proposed issue of securities, specifically a non-renounceable pro rata issue of loyalty options, totaling up to 282,010,518 securities. This strategic move aims to strengthen the company’s financial position and enhance shareholder value, potentially impacting its market standing and offering benefits to stakeholders.
Infinity Mining Limited has announced a pro-rata non-renounceable entitlement issue of new options to its shareholders, aimed at raising approximately $282,010. The offer is designed to reward shareholder loyalty and provide working capital for the company. CPS Capital Group Pty Ltd will manage and fully underwrite the offer, with substantial shareholder David Michael partially sub-underwriting. The new options are exercisable at $0.02 and expire 42 months from issue, with the offer open to shareholders in Australia and New Zealand. The company will apply for ASX quotation of the new options, although there is no guarantee of approval.
Infinity Mining Limited has announced a strategic review aimed at adapting to changing market conditions in the resources sector. The company is considering divesting its Western Australian assets to reduce fixed costs and increase cash resources. The focus will shift to advancing gold and copper exploration projects acquired in 2024, including the historic Cangai Copper Project, which holds significant development potential. These strategic moves are expected to unlock additional value for shareholders and enhance the company’s market positioning.
Infinity Mining Limited has announced that New Frontier Minerals Ltd has become a substantial holder in the company, acquiring a 9.46% voting power through the purchase of 40,000,000 ordinary shares. This acquisition, valued at $600,000, signifies a significant investment in Infinity Mining Limited, potentially impacting its market positioning and shareholder dynamics.
Infinity Mining Limited has identified new electromagnetic (EM) geophysical targets at the Bogong Copper Prospect in New South Wales. The recent review of the 2019 Fixed-Loop Electromagnetic (FLEM) survey has revealed multiple new EM conductors, enhancing the exploration potential of the project. One conductor is associated with known copper mineralization, while two additional untested conductors have been identified east of the main zone. These findings suggest significant potential for further exploration and development of a larger porphyry-related copper system, which could have implications for the company’s operations and positioning within the industry.
Infinity Mining Limited has issued 2,000,000 ordinary shares without disclosure under Part 6D.2 of the Corporations Act, as announced to the Australian Securities Exchange. The company confirms compliance with relevant provisions of the Corporations Act and states there is no excluded information that needs to be disclosed, indicating a transparent approach to its operations.
Infinity Mining Limited has announced the issuance of 2,000,000 fully paid ordinary securities to be quoted on the Australian Securities Exchange (ASX) under the code IMI. This move is part of a previously announced transaction, potentially enhancing the company’s liquidity and market presence, which could have implications for its stakeholders and industry positioning.
Infinity Mining Limited has announced significant findings from the re-logging of diamond drill core at the Cangai Copper Project, identifying magnetic pyrrhotite within the copper mineralisation zone. This discovery supports the implementation of a new high-resolution drone-based magnetic survey to delineate new subsurface drill targets, potentially expanding the project’s copper resources. The use of modern magnetic geophysical techniques is expected to enhance exploration efficiency and cost-effectiveness, potentially benefiting stakeholders by increasing the project’s resource base and value.
Infinity Mining Limited has signed a Service Agreement with geologist Dr. Allan Rossiter to enhance its exploration efforts at the Tanjil Bren Project. The agreement involves reanalyzing 95 historic stream sediment samples using modern geochemical techniques, which could potentially uncover significant gold mineralization. This strategic move positions Infinity Mining to capitalize on the high-grade gold potential in the region, potentially impacting its market positioning and offering promising implications for stakeholders.