Infinity Mining Limited

What Infinity Mining Limited does

Infinity Mining Limited (ASX: IMI) is an Australian mineral exploration and development company that listed on the Australian Securities Exchange on 22 December 2021. The company is pre-revenue and focused on discovering and developing copper, gold, and critical minerals resources across Australia, with a portfolio of exploration tenements spanning more than 3,700 km² across New South Wales, Victoria, and Western Australia. Its flagship asset is the Cangai Copper Project in north-western NSW, acquired in November 2024, which hosts a JORC 2012-compliant inferred Mineral Resource Estimate of 4.4Mt @ 2.5% Cu (approximately 114kt contained copper metal) plus historic stockpiles. Other assets include the Sir Walter Scott gold prospect, Bogong Copper Prospect, and Achilles Shear Project in NSW; Monkey Gully, Tanjil Bren, Walhalla South, and Prosser's Reef IRGS-style targets in Victoria; and Hillside, Panorama, and Tambourah South projects in the Pilbara region of Western Australia.

The company's core technology consists of conventional but modern mineral exploration methods, including LiDAR surveys, versatile time-domain electromagnetic (VTEM) surveys, ASTER remote sensing, drone magnetics, geochemical sampling, and drilling programs targeting VMS, IRGS, shear-hosted gold, conglomerate-gold, and nickel-sulphide mineralisation styles. Its go-to-market is investor-relations-led: as a pre-revenue explorer, Infinity raises capital through ASX equity issuance and markets its exploration pipeline to investors through ASX announcements, investor presentations, financial reports, and coverage in publications such as The West Australian, ShareCafe, Small Caps, and Mining News.net. The primary 'customer' segments are institutional and retail investors seeking exposure to battery metals and clean-energy supply chains, with a secondary segment of mining companies and majors for potential future offtake and M&A.

In 2026, Infinity Mining expanded its partnership with Orivium to tap into the $1.5 billion Australian e-waste market for critical minerals recovery and signed a joint venture to fast-track Victorian gold-antimony exploration, signalling diversification beyond primary copper-gold exploration. The company is led by Executive Chairman Cameron Petricevic, with a board including Kevin Woodthorpe, Gongkui (James) Xiao, and Steven Wood as Exploration Director, and supported by a small management team of fewer than 50 employees.

Name

Infinity Mining Limited

Legal name

Infinity Mining Limited

Website

https://infinitymining.com.au

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Infinity Mining Limited is an ASX-listed (IMI) Australian mineral exploration and development company pursuing copper, gold, and critical minerals across 3,700+ km² in NSW, Victoria, and Western Australia, led by its JORC-compliant Cangai Copper Project.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Gold Ore and Silver Ore Mining (212220), Other Metal Ore Mining (21229)

SIC

Metal Mining (1000), Gold And Silver Ores (1040), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Copper Ore Mining (Open-Pit & Underground) (IMAKADAB)

akta.pro secondary industries

Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Mine Closure, Reclamation & Environmental Services (Precious Metals Sites) (IMAKAEAL)

Keywords

• Mineral exploration services
• Copper gold exploration
• Critical minerals development
• Mining tenement portfolio
• Exploration project development

Headquarters

HQ city

Milton, Queensland

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Mineral Resource Development: Pre-revenue exploration stage company. Revenue will be generated through development and production from its copper, gold, and critical minerals portfolio once resources are defined and extracted.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Infinity Mining Limited is an Australian mineral exploration and development company that acquires, explores, and advances copper, gold, and critical-minerals (tungsten, molybdenum, tin, antimony) tenements across NSW, Victoria, and Western Australia, spanning over 3,700 km². The company currently monetises its exploration portfolio through equity issuance on the ASX and is positioned for future revenue from mineral production, offtake agreements, or asset transactions.

Product overview

Infinity Mining Limited is an Australian exploration and development company operating a diversified portfolio of mining tenure spanning over 3,700 km² across Australia, with projects in NSW, Victoria, and Western Australia focused on copper, gold, and critical base metals. The company's product portfolio consists of individual exploration projects organized by region: NSW projects include the Cangai Copper Mine (with its high-grade copper resource and Sir Walter Scott gold prospect), Bogong Copper Prospect, and Achilles Shear Project; Victorian projects include Monkey Gully, Tanjil Bren & Walhalla South Extension, and Prosser's Reef targeting IRGS-style gold systems; and Western Australian projects include Hillside, Panorama, and Tambourah South in the Pilbara region. Each project represents a distinct exploration tenure targeting specific mineralisation styles and commodity types.

Differentiator

Problem solved

Functional benefit

Products and services

• Cangai Copper Project High-grade historic copper mine located in north-western NSW, approximately 220 km south of Brisbane, with a JORC 2012-compliant Inferred Mineral Resource Estimate of 4.4Mt @ 2.5% Cu insitu plus 0.2Mt @ 1.35% Cu from historic stockpiles (~114kt contained copper metal) with zinc, gold, and silver credits. Targeted at investors and future offtake partners seeking exposure to ASX-listed battery-metal resources.
• Sir Walter Scott Gold Prospect High-grade gold target within the broader NSW portfolio that historically produced 1,790 oz of gold from 2,203 tonnes of ore at ~25 g/t Au average grade in the 1890s, with recent exploration confirming peak rock-chip assays of 68.6 g/t Au and a 2023 LiDAR survey revealing multiple historical workings along a 1 km NW-trending structure. Targeted at investors and joint-venture partners.
• Bogong Copper Prospect Large-scale copper-gold system in NSW covering approximately 115 km² along a 16 km trend within Silurian Volcanics, including historic drill intercepts of 54.9m at 1.1% Cu and 9.2m at 2.02% Cu. Targeted at investors and potential joint-venture or offtake partners in the copper-gold exploration space.
• Achilles Shear Project Strategic NSW gold exploration project spanning 14 km² targeting 5 km of underexplored Southern Cobar Basin and key Ural Volcanic units, positioned ~15 km along strike from AGC's standout intercept of 5m at 16.9 g/t Au. Targeted at investors and joint-venture partners seeking Cobar-belt gold exposure.
• Monkey Gully Victorian IRGS-style gold-tungsten-molybdenum system located 25 km east of the Sunday Creek deposit, hosting classic IRGS geochemical signatures across W, Mo, Sn, and Au associated with fractionated granites and magnetic highs, with prior expenditure of approximately $1.5 million. Targeted at investors and joint-venture partners.
• Tanjil Bren & Walhalla South Extension Historic Victorian high-grade gold fields within the Woods Point-Walhalla goldfield, which has produced over 5 Moz of gold, targeting quartz reef/dyke gold and IRGS potential within the Charity Creek and Tyers River catchments. Targeted at investors and joint-venture partners.
• Prosser's Reef Large-scale Victorian IRGS opportunity spanning 543 km² located approximately 28 km southeast of the Sunday Creek discovery, targeting gold mineralisation in Buxton ring-dyke and Black Range Granodiorite settings. Targeted at investors and joint-venture partners.
• Hillside Project Western Australian exploration project in the Archaean Coongan Greenstone Belt featuring an 18 km strike-length discontinuous gossan with strong Cu and Au surface geochemistry, including samples exceeding 10 g/t Au, prospective for VMS-style copper-lead-zinc, Komatiite-hosted nickel-sulphide, and shear-hosted gold deposits. Targeted at investors and joint-venture partners.
• Panorama Project Western Australian project highly prospective for shear-hosted gold systems, conglomerate-gold hosted systems overlying the Mount Roe basalt, and Volcanogenic Massive Sulphide (VMS) base-metal deposits, positioned immediately south of the Sulphur Springs and Kangaroo Caves base-metal deposits. Targeted at investors and joint-venture partners.
• Tambourah South Western Australian exploration project at Sulphur Springs targeting nickel mineralisation, with the historic Brisbane Nickel Prospect returning 6,319 ppm Ni from costean sampling, plus potential for gold in conglomerate stratigraphy similar to Pilbara-region discoveries. Targeted at investors and joint-venture partners.

Quantifiable outcome

• 4.4Mt @ 2.5% Cu inferred resource at Cangai with ~114kt contained copper metal
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• OriviumcoreStrategic or Co-development Partner · 20 April 2026Infinity Mining expanded its partnership with Orivium to tap into the $1.5 billion Australian e-waste market. The partnership aims to develop extraction technology and potentially recover critical minerals from electronic waste streams, complementing Infinity's NSW copper exploration activities.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Argent Minerals: ASX-listed gold and base metals explorer (ARD) operating across NSW Lachlan Fold Belt and other Australian jurisdictions. Highly comparable to Infinity given shared personnel (Steven Wood serves as Exploration Manager at Argent) and overlapping commodity focus on gold and copper in NSW.
• Develop Global Limited: ASX-listed base metals developer (DVP, formerly Venturex Resources) with Australian copper/zinc projects. Kevin Woodthorpe previously served as Exploration Manager at Develop Global for 5 years; the two companies share sector focus and operating geographies.
• Castile Resources: ASX-listed gold and base metals explorer/developer (CST) with Northern Territory assets. Comparable as an ASX-listed junior focused on copper-gold and base metals, similar market cap band to Infinity Mining.
• PNX Metals: ASX-listed gold and base metals explorer (PNX) with projects in the Northern Territory. Comparable as a small-cap Australian explorer pursuing diversified gold and base metals exposure across multiple prospects.
• Sky Metals (formerly Big Bang Securities restructured): ASX-listed gold and base metals explorer (SKY) with tenements in NSW including the southern Cobar Basin near Infinity's Achilles Shear Project. Both companies target similar VMS/shear-hosted gold-copper systems in the same geological corridor.
• Strickland Metals: ASX-listed gold and base metals explorer (STK) with active drilling programs in Western Australia and NSW. Comparable scale, commodity focus, and exploration-stage profile to Infinity Mining.
• Koonenberry Gold: ASX-listed (KNB) early-stage gold explorer focused on NSW. Similar pre-resource, exploration-stage profile to Infinity with comparable market capitalization range and Australian gold focus.
• Australian Gold and Copper (AGC): ASX-listed explorer (AGC) actively exploring the southern Cobar Basin with standout high-grade gold intercepts. Directly comparable to Infinity's Achilles Shear Project, which is positioned ~15 km along strike from AGC's discovery — making AGC the most relevant geological peer for that asset.
• Macarthur Minerals: ASX/TSXV-listed gold and lithium explorer (MIO/MMS/MMSDF). Closely comparable governance profile given shared Company Secretary (Mima Wirakara); both are small-cap Australian-listed explorers with diversified critical minerals exposure.

Broad incumbents

• Genesis Minerals: Mid-tier Australian gold producer and explorer (ASX: GMD) operating across Western Australia. Comparable as a broader Australian gold-focused operator; relevant as a potential acquirer or benchmark for Infinity's Western Australian gold projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/infinity-mining-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Infinity Mining Limited