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Infinity Mining (ASX: $IMI) announces maiden gold resource estimate

Infinity Mining's Maiden Gold Resource Estimate


Infinity Mining Limited (ASX: $IMI) has announced its maiden gold resource estimate, revealing an inferred mineral resource estimate of 60,300 ounces. The company has completed a gold exploration target estimate and is on track to monetize Goldfields assets in Q1 2024. The Central Goldfields Project, located in the prolific gold district of Leonora in the Eastern Goldfields region of Western Australia, comprises 10 mining and prospecting licenses.

Executive Commentary on Gold Resource Estimate


Infinity Mining continues to refocus and plan high value generative steps for lithium discoveries in the Pilbara Lithium Province. The company is also actively undertaking negotiations with third parties in relation to the sale or partnerships of non-core assets including the Central Goldfields Project. Any resultant transactions may provide the Company with further funds to expedite lithium-related activities.

Summary of Maiden Gold Resource Estimate


Infinity Mining's maiden gold resource estimate of 60,300 ounces, along with the completion of a gold exploration target estimate, marks a significant milestone for the company. The Central Goldfields Project, with its highly prospective tenements in Western Australia, presents a promising opportunity for Infinity Mining. The company's strategic focus on lithium exploration in the Pilbara Lithium Province aligns with its long-term goals. Infinity Mining's proactive approach to negotiating the sale or partnerships of non-core assets demonstrates its commitment to optimizing its portfolio and maximizing value for its stakeholders. The outlook for Infinity Mining appears positive as it continues to pursue its ambitions in both the gold and lithium sectors.

Sourcehttps://announcements.asx.com.au/asxpdf/20240116/pdf/05zgpbzhk0ybyd.pdf

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