Infinity Mining has ignited a fully funded exploration campaign in Victoria’s gold and antimony heartland, securing a binding farm-in and joint venture (JV) agreement with global consultancy Mining One. The JV partner will bankroll up to $500,000 in exploration across Infinity’s Tanjil Bren and Walhalla South Extended projects.
The deal grants Mining One the right to earn up to a 51 percent interest in the projects, while Infinity retains significant upside by leveraging external capital and top-tier technical expertise to target high-grade antimony showings across a standout 1.5-kilometre-wide undrilled magnetic target.
Two-Stage JV Structure
The JV will be executed in two stages. An initial $200,000 exploration program over 12 months will unlock a 25 percent stake for Mining One. This will be followed by a $300,000 drilling blitz comprising 1,500 metres of reverse circulation (RC) or diamond drilling, which will elevate Mining One’s ownership to a majority 51 percent.
Infinity stated that this funding framework frees the company from near-term cash calls and accelerates on-ground activity, ensuring that exploration targets transition swiftly from theory to drill testing.
Geological Setting
The project ground lies within the proven Eastern Victorian goldfields, a region renowned for intrusion-related, structurally controlled mineral systems. At Tanjil Bren, recent stream sediment sampling has refined the exploration picture, with 34 of 95 samples returning anomalous gold above 20 parts per billion (ppb) and peaking at 70 ppb. Supporting signals from bismuth, tin, tungsten, lead, and antimony around the margins of the Tanjil and Toorongo granodiorites and near reduced pyritic units such as the Wilson Creek Shale have defined a coherent geochemical halo, pointing towards a concealed intrusive source.
Walhalla South Extended: High-Grade Antimony
Walhalla South Extended is emerging as a prime target, with rock chip assays grading from 21.6 percent up to a striking 51.4 percent antimony, alongside gold values reaching 0.88 grams per tonne (g/t). Field crews have confirmed quartz stibnite veining from surface at Walhalla, while the mineralisation is interpreted to hug a 1.5-kilometre circular magnetic anomaly, possibly a sub-vertical intrusive body that remains untouched by drilling. Structural controls and stratigraphic settings have added further intrigue, with mineralisation clustering around intrusive contacts, fault corridors, and reactive sedimentary units. Legacy alluvial workings and shallow historical mines scattered across the tenure have reinforced the district’s fertile footprint and hint at deeper, undiscovered sources feeding the system.
Specifically, the planned exploration will zero in on structurally controlled fluid pathways linked to intrusive bodies, where mineralising fluids deposit gold and stibnite within quartz veins and altered host rocks – a playbook that mirrors proven gold-antimony systems across Victoria.
Executive Commentary
Infinity Mining executive chairman Cameron Petricevic said: “This agreement delivers a capital-efficient pathway to advance our Victorian gold–antimony assets, with Mining One fully funding exploration through to drilling.”
Antimony’s Growing Importance
Antimony is attracting increasing attention as a critical commodity, driven by demand across energy storage, flame retardants, and defence supply chains. The West’s hunt to secure supply has tightened global availability and sharpened the spotlight on new sources. When coupled with gold, antimony deposits can deliver a powerful economic pairing that elevates project potential.
Broader Portfolio Strategy
Across its broader portfolio, Infinity has been trimming costs to sharpen its focus on high-impact gold and copper plays. Its Victorian gold-antimony ground now shapes as a near-term discovery engine alongside its flagship Cangai copper project in New South Wales, where it is evaluating development pathways and processing options. Infinity recently teamed up on proprietary “Super Oxidiser” technology to unlock value from copper feedstock at Cangai, alongside an unlikely source for an explorer – electronic waste. This move signals a tilt towards smarter, tech-driven metal recovery. Infinity says if the plan succeeds, early-stage copper production from Cangai could keep the drill bit spinning on its other projects without draining the treasury.
Next Steps
Next steps will centre on systematic sampling, target refinement, and a rapid march towards drilling priority prospects at Tanjil Bren and Walhalla South Extended. With multiple vectors converging and a sizeable geophysical target still untouched, the upcoming campaign looks set to be a decisive phase. By pairing Mining One’s specialist gold-antimony expertise with Infinity’s growing exploration dataset, the new alliance is well placed to fast-track target generation and usher in first-pass drilling across a suite of high-quality, potentially scalable prospects.
With fresh funding secured, technical firepower deployed, and multiple targets lining up, Infinity now appears to have all the ingredients needed to turn encouraging geology into genuine market momentum as the drill bit draws near.
