Infinity Mining completes strategic farm-in and technical alliance in Victoria

• Binding farm-in and joint venture agreement with Mining One
• Farminee to earn up to 51% interest in Tanjil Bren and Walhalla South Extended
• Fully funded exploration pathway to advance Victorian gold–antimony projects
• Mining One has extensive geological experience and knowledge within project area

Infinity Mining (ASX: IMI) has signed a binding farm-in and joint venture agreement with Mining One over the Tanjil Bren and Walhalla South Extended gold and antimony projects in Victoria.

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EC, Cameron Petricevic, said the agreement provides a funded pathway to progress high-priority exploration targets and aligns with Infinity’s strategy to focus on high-potential gold and copper projects with an emphasis on capital-efficient exploration.

He told shareholders the agreement also represents the beginning of a deeper relationship with Mining One, a highly regarded strategic source of geological and technical resourcing for Infinity.

“This agreement delivers a capital-efficient pathway to advance our Victorian gold–antimony assets, with Mining One fully funding exploration through to drilling,” he said.

“Importantly, it allows Infinity to retain exposure to exploration success while reducing funding risk and leveraging a highly capable technical partner with specific technical expertise in the project area. Infinity looks forward to deepening their relationship with Mining One.”

The Tanjil Bren and Walhalla South Extended tenements are located within the eastern Victorian goldfields and are considered prospective for structurally controlled gold–antimony mineralisation.

Previous exploration by Infinity has identified anomalous gold and antimony results from surface sampling at Walhalla South Extended, supporting the prospectivity of the tenure.

Mining One’s geology manager, Stuart Hutchin, said the projects are interpreted to host mineralisation styles analogous to other structurally controlled gold–antimony systems within Victoria.

“Mining One is pleased to enter into the joint venture with Infinity and considers the licences to be highly prospective for structurally controlled gold– antimony mineralisation. Formulation of a JV has involved site visits and extensive geological data review to establish an agreed strategy,” he said.

“Through the goodwill that has been developed between the parties, it is hoped that this initial JV will serve to have further mutually beneficial arrangements with Infinity.

“Mining One has extensive experience in structurally controlled gold–antimony mineralised systems, directly applicable to the geological setting of the Infinity JV licences.”

He said under the joint venture Mining One intends to apply a systematic and technically driven exploration approach to rapidly advance the licences, with the objective of defining and delineating economically significant mineralisation.

Mining One may earn its interest in the projects through a two-stage farm-in featuring funding of $200,000 of exploration expenditure within 12 months to earn a 25% interest in the tenements in stage one and funding of a minimum 1,500m RC or diamond drilling program within 12 months of completing stage one at an estimated cost of $300,000 to increase its interest to 51%, bringing the total estimated expenditure to $500,000.

Mining One is an independent, employee-owned mining consultancy with over 80 technical professionals and a global footprint, providing services across geology, geotechnical, mining engineering, metallurgy and environmental disciplines.

IMI is steady at 0.8¢. Mkt cap $4.479M.

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