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- INF has made further mining applications for its Spanish San Jose project
- While the company has only done paperwork it says this reflects a milestone
- Shareholders will be more keen to see drilling get underway
- Shares last traded at 7.5cps
Infinity Lithium (INF) has shrugged off lithium blues and pressed on with its battery metals strategy.
The company has lodged a mining application licence for a San Jose Exploitation Concession.
The Extremadura region of Spain is where Infinity is focused and it’s in this same region where the company applied for more access on Monday.
That application now sits with the relevant government entities.
Meanwhile, the company called its own success in meeting a “major project milestone” by “continued implementation of the permitting strategy.”
Shareholders will likely be paying more attention to actual drilling results, but, given Infinity is flagging a “multi-stage process,” this could be weeks or months.
Notably: the Spanish supreme court recently weighed in on lithium exploitation wholemeal, underscoring a general importance to the resource development potential.
Whether this translates into a sympathetic atmosphere for mining companies in the eyes of the court remains unclear. Shareholders are likely hopeful they’ll never need to find out as far as Infinity goes.
“The lodgement of the ECA notification represents a significant milestone for the Project and formalises the next stage of project momentum,” INF chief Ryan Parkin said.
INF shares last traded at 7.5cps.
