Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

INFINITY MINING LIMITED Board/Management Information 2026

Apr 12, 2026

65121_rns_2026-04-12_061f25ac-e328-4b72-8739-8b68324f7922.pdf

Board/Management Information

Open in viewer

Opens in your device viewer

13 April 2026

IMI Identifies Significant Gold and Copper Anomalies & Announces Board changes

==> picture [121 x 23] intentionally omitted <==

  • Infinity Mining’s geology team has identified two significant anomaly trends

  • Gold trend extending over 10 km on Infinity tenure as the southern portion of a broader >28 km regional trend, with 21 rock chip samples in excess of 10 g/t Au and a peak of 240 g/t Au in quartz reefs. Highlights:

    • 240 g/t AU (sample 5854)

    • 39 g/t Au (sample 931077)

    • 32 g/t Au (sample 93111)

  • Copper trend over 7.5 km, with 14 samples in excess of 1.0% Cu and a peak of 7.8% Cu (and 141 g/t Ag) , associated with silver anomalies and VMS-style gossans (consistent with mineralisation styles observed in the region). Highlights:

    • 7.8% Cu (sample 203)

    • 7.1% Cu & 141 g/t Ag (sample 1974)

    • 5.6% Cu & 123 g/t Ag (sample CN0013)

  • Exploration is scheduled imminently, including surface sampling across both gold and copper targets and RC drilling programs will target each trend (Program of Works (POW) lodged and pending approvals)

  • Located less than 70km from Develop Global Limited’s (DVP-ASX) Panorama project which includes the Sulphur Springs deposit[1][& 2 ] with 17.4Mt @ 1.3% Cu; 4.2% Zn; 17g/t Ag

  • Infinity welcomes Mr Steven Wood to the Board, an experienced geologist, as an Independent Non-Executive Director.

Infinity Chairman Cameron Petricevic commented: “The Hillside Project represents a compelling multicommodity opportunity in a proven Pilbara greenstone belt. Our team’s meticulous data review, combined with modern geophysics and drilling, has defined clear gold and copper targets ready for drill-testing. We look forward to advancing this high-potential asset as a clear priority for the Company and our shareholders. We also warmly welcome Mr Steven Wood to the Board of Infinity. His extensive geological knowledge in our project areas will be invaluable as we progress out exploration program.”

Infinity Mining Limited (ASX: IMI) (Infinity) (or the Company) is pleased to announce that, following a comprehensive review of historical data by the Company’s geology team, a 7km copper target trend and a separate 10km gold target trend have been identified.

1 https://www.develop.com.au/sulphur-springs-project-2/

1

ASX:IMI Infinity Mining Limited Level 1, 470 St Pauls Terrace, Fortitude Valley, QLD Australia 4006

www.infinitymining.com.au

==> picture [264 x 388] intentionally omitted <==

==> picture [260 x 391] intentionally omitted <==

Figure 1: 7km Copper Trend Figure 2: 10km Gold Trend

Our experienced geological team, deeply familiar with the region, has made significant progress at the Hillside Project in Western Australia's Pilbara region, including the formal lodgment of a Program of Work (POW) . We are currently arranging a targeted field program to establish the necessary groundwork for our next exploration phase. This initial stage will involve comprehensive surface sampling and the verification of key field variables to further refine our gold and copper targets. These on-ground efforts will allow us to optimise site logistics and drill hole placement ahead of the Reverse Circulation (RC) drilling program , which is scheduled to begin during the winter window of June and July 2026.

This work aligns with Infinity’s strategy to focus on high-potential gold and copper projects in a rapidly evolving resource sector.

Hillside Project Background

The Hillside Project lies within the highly prospective Archaean Coongan Greenstone Belt in Western Australia’s East Pilbara, a terrane known for hosting structurally controlled gold systems and volcanogenic massive sulphide (VMS) base-metal deposits. The belt shares similar stratigraphic units and structural features with the neighbouring Panorama greenstone belt, which hosts the Develop Global Limited’s (DVPASX) significant Panorama project which includes the Sulphur Springs deposit (17.4Mt @ 1.3% Cu; 4.2% Zn; 17g/t Ag) and Kangaroo Caves VMS deposit[2] . This setting, combined with granite intrusions bounding the north–south trending greenstone sequence to the east and west, provides an attractive geological framework for the gold and copper anomalies now defined on Infinity’s tenure.

2 ASX: DVP announcements “Sulphur Springs Resource Upgrade” dated 21 March 2018 and “Kangaroo Caves Resource Upgrade” dated 22 September 2015

2

ASX:IMI Infinity Mining Limited Level 1, 470 St Pauls Terrace, Fortitude Valley, QLD Australia 4006

www.infinitymining.com.au

==> picture [528 x 458] intentionally omitted <==

Figure 3: Infinity Mining’s Pilbara Project Location Map. The Hillside Project is shown in green.

Hillside Project Copper and Gold Trends

The review has highlighted anomalous samples distributed over two distinct trends (see Figures above). Figures 1 and 2 provide a summary of both trends’ prospectivity and target areas.

A copper trend that can be followed over 7.5 km, with over 14 samples returning values above 1.0% Cu and a maximum of 7.8% Cu. Higher copper anomalies often coincide with elevated silver (maximum 141 g/t Ag). Historic field descriptions of these samples note gossans linked to chert and/or barite horizons, consistent with VMS-style mineralisation.

3

ASX:IMI Infinity Mining Limited Level 1, 470 St Pauls Terrace, Fortitude Valley, QLD Australia 4006

www.infinitymining.com.au

Table 1: Historic Rock Chip Samples with results > 1% Cu

Sample_ID Easting Northing Grid Ag ppm Au ppm Co ppm Cu Pb ppm Zn
203 775268 7586249 MGA94_50 N/A 0.3 N/A 7.80% N/A 3.50%
93195 775380 7590235 MGA94_50 N/A N/A N/A 2.30% 314 0.68%
93207 775240 7588520 MGA94_50 N/A N/A N/A 2.40% 373 0.760%
93210 775320 7587780 MGA94_50 N/A N/A N/A 1.80% 285 1.34%
93212 775360 7587700 MGA94_50 N/A N/A N/A 2.10% 197 0.15%
111431 775320 7588220 MGA94_50 N/A 0.29 N/A 1.35% 290 0.140%
111432 775265 7586960 MGA94_50 N/A 0.09 N/A 1.55% 220 0.600%
CN0008 775399 7584860 MGA94_50 39.4 0.3 56 3.18% 196 1.70%
CN0013 775292 7586064 MGA94_50 123 0.45 567 5.58% 519 1.61%
CN0014 775295 7586061 MGA94_50 28.6 0.46 457 4.86% 121 0.89%
CN0019 775472 7589907 MGA94_50 22.3 0.33 93 2.08% 285 1.70%
CN0024 775586 7591145 MGA94_50 36.7 0.19 72 2.82% 884 3.80%
CN0029 775646 7592271 MGA94_50 134 0.48 453 4.58% 440 2.90%
H20012 775402 7589103 MGA94_50 141 0.03 291 7.08% N/A 0.51%

N/A – not assayed

A parallel gold trend located approximately 1 km to the west extends over 10 km on Infinity tenure (southern portion of a broader >28 km regional trend). A total of 21 samples on that trend returned assays above 10 g/t Au with a maximum of 240 g/t Au. Available descriptions note quartz reefs, some presenting visible gold at surface.

Table 2: Historic Rock Chip Samples with results > 10 g/t Au

Sample ID Easting Northing Grid Aug/t **Cuppm ** **Nippm **
93131 773670 7586930 MGA94_50 55 102 40
931077 774120 7592075 MGA94_50 39 24 9
92236 776300 7603215 MGA94_50 37 90 130
93111 773950 7592420 MGA94_50 32 3300 33
931093 773940 7593740 MGA94_50 23 1 34
93110 774120 7592000 MGA94_50 22 5 26
93108 773870 7592430 MGA94_50 16 246 34
93106 773450 7584510 MGA94_50 16 1
91041 774770 7599556 MGA94_50 15 49 4
931071 773960 7591750 MGA94_50 12 11 12
931070 773430 7584525 MGA94_50 12
932341 773679 7586860 MGA94_50 11 1360 76
931069 773430 7584530 MGA94_50 11 1
5854 774388 7588450 MGA94_50 240 270 37
1149 773965 7583537 MGA94_50 31 41
1184 774027 7583582 MGA94_50 19 820
5655 774413 7588412 MGA94_50 17.5 47 20
4614 775460 7609017 MGA94_50 13 45 48
H20032 774558 7589395 MGA94_50 30 32 -1
H20031 774558 7589395 MGA94_50 22 218 80
TM07493 775534 7609020 MGA94_50 16 9 145

4

ASX:IMI Infinity Mining Limited Level 1, 470 St Pauls Terrace, Fortitude Valley, QLD Australia 4006

www.infinitymining.com.au

Hillside Next Steps

Exploration planning is well progressed for the immediate cooler period to:

  • Conduct surface sampling for both the gold and copper targets

  • Implement an RC drilling program for the gold and copper targets

A Program of Works (POW) has been lodged and is pending approval. Further details on the planned programs will be provided in due course

Infinity shall be updating the market as the program advances.

Appointment of Mr Steven Wood to Board of Directors and Remuneration Matters

Infinity has today appointed Mr Seven Wood as an Independent, Non-Executive Director.

Mr Wood has been a professional geologist with over 30 years’ experience in exploration and is a member of the Australian Institute of Mining and Metallurgy.

He has worked as an Exploration geologist at Wiluna Mines for over 9 years exploring for gold, nickel and base metals, for Agincourt Resources in Brazil as Project geologist, exploring the Para region of Brazil for gold and iron and he has also worked for the Territory Uranium Company exploring for gold, uranium and base metals. For 7 years Steven has worked as a geological consultant for various companies exploring mainly for gold, base metals, and rare earths and is currently the exploration manager for Argent Minerals (ARD: ASX).

With vast experience, most notably Mr Wood was previously employed for five years at Develop Global Limited (ASX: DVP, formerly Venturex Resources), where he attained the position of Exploration Manager. The company explored for VMS base metals and gold, this included the Sulphur Springs Project (17.4Mt at 1.3% Cu, 4.2% Zn and 17 Ag g/t[3] ), approximately 20km from the border of Infinity’s tenements.

Infinity looks forward to Mr Wood’s contribution to the Board and in particular his geological knowledge to help drive Infinity’s strategic objectives.

With respect to this engagement, Mr Wood shall receive $45,000 in cash per annum (including superannuation, excluding any applicable GST). Mr Wood has named his fellow geological colleague, Mr Vincent Bellandi, as his alternate Director if required. Mr Wood shall also be the Company’s Competent Person for the purposes of geological matters and the JORC compliance.

Infinity acknowledges the current remuneration of its two executive Directors, Mr Cameron Petricevic and Mr Kevin Woodthorpe, is well below market rates at $45,000 cash per annum and which has been paid for almost the past 6 months. In light of this, Infinity has amended the remuneration of these two executives, in line with market rates, to a base of $245,000 per annum (including superannuation, excluding any applicable GST) commencing 1 March 2026. This base remuneration shall be paid as $45,000 in cash and $200,000 in shares (that is, 28 million shares in lieu of cash based on the approximate 10 Day VWAP of securities prior to this announcement). It should be noted that each of these two executives have agreed to take a large component of their base remuneration (~82%) in shares in alignment with shareholders and to preserve the cash of the Company for the pursuit of its strategic objectives.

3 ASX: DVP announcements “Sulphur Springs Resource Upgrade” dated 21 March 2018 and “Kangaroo Caves Resource Upgrade” dated 22 September 2015 and Investor Presentation dated 30 May 2018

5

ASX:IMI Infinity Mining Limited Level 1, 470 St Pauls Terrace, Fortitude Valley, QLD Australia 4006

www.infinitymining.com.au

The remuneration package has a Short-Term Incentive (STI) of up to 20% of base remuneration per annum, awarded on the achievement of performance milestones (linked to the Company’s strategic objectives) provided continuous service is achieved during the period. The package has a Long-Term Incentive (LTI) in performance rights (3 years from date of issue, converting to ordinary fully paid shares) of up to $220,000 (that is, 30 million shares in lieu of cash based on the approximate 10 Day VWAP of securities prior to this announcement), split equally over 3 tranches and awarded on the achievement of 3 Total Shareholder Return milestones (25%, 40% and 70%) provided continuous service is achieved up to the time of achievement. If the shares are not approved by shareholders at the next General Meeting of the Company, and where relevant the award has vested, those shares shall instead be paid in cash.

Infinity shall grant performance rights up to 10 million shares in total (3 years from date of issue, converting to ordinary fully paid shares) to key members of technical team. These performance rights shall be awarded on the achievement of performance milestones (including, but not limited to, defining a new JORC resource) provided continuous service is achieved during the period. All securities proposed to be granted to Directors are subject to shareholder approval at the next General Meeting of the Company.

Cautionary Statement

Information in this release is considered as historical by nature, and while all care has been taken to review previous reports, field testing and confirmation of geology and assays is yet to be completed by the company. It is expected historical analysis was conducted by reputable laboratories and relevant QAQC was conducted. There is no guarantee that these results are representative until further sampling and assaying is conducted by the Company. The company confirms that it is not aware of any new information or data that materially affects the information included in the announcement.

-END-

This announcement has been authorised for release by the Board of Infinity Mining Limited.

For further information, please contact:

Media & Investor Enquiries NWR Communications

Melissa Tempra E: [email protected]

ABOUT INFINITY MINING

Infinity Mining Limited holds a diverse portfolio of projects, spanning over 3,700 km² across highly prospective regions, including NSW's Macquarie Arc, Victoria's Melbourne Zone, and the East Pilbara in Western Australia. These tenements host potential high-grade resources, including copper, gold, other base metals, and lithium.

Importantly Infinity has a binding Memorandum of Cooperation with Orivium Global Pte Ltd to use the patented ‘Super Oxidiser’ technology at the flagship Cangai Copper Project. Cangai is a historic high-grade copper mine with a JORCcompliant resource and offers near-term economic viability to process copper and precious metals (ASX:IMI 3 November 2025).

Competent Persons Statement

The information contained in this report that relates to the Exploration Results is based on information compiled by Vincent Bellandi and Steven Wood. Steven Wood is a member of the Australian Institute of Mining and Metallurgy while Vincent Bellandi is a member of the Australian Institute of Geoscientists. Mr Wood is a Geological Consultant for Infinity Mining and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian JORC Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Wood and Mr Bellandi consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.

6

ASX:IMI Infinity Mining Limited Level 1, 470 St Pauls Terrace, Fortitude Valley, QLD Australia 4006

www.infinitymining.com.au

Caution Regarding Forward Looking Statements

Certain of the statements made and information contained in this press release may constitute forward-looking information and forward-looking statements (collectively, “forward-looking statements”) within the meaning of applicable securities laws. All statements herein, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, including but not limited to statements regarding exploration results and Mineral Resource estimates or the eventual mining of any of the projects, are forward-looking statements. The forward-looking statements in this press release reflect the current expectations, assumptions or beliefs of the Company based upon information currently available to the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements do not guarantee future performance, and no assurance can be given that these expectations will prove to be correct as actual results or developments may differ materially from those projected in the forward-looking statements. Factors that could cause actual results to differ materially from those in forwardlooking statements include but are not limited to: unforeseen technology changes that results in a reduction in copper, nickel or gold demand or substitution by other metals or materials; the discovery of new large low cost deposits of copper, nickel or gold; the general level of global economic activity; failure to proceed with exploration programs or determination of Mineral resources; inability to demonstrate economic viability of Mineral Resources; and failure to obtain mining approvals. Readers are cautioned not to place undue reliance on forward- looking statements due to the inherent uncertainty thereof. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. The forward-looking statements contained in this press release are made as of the date of this press release and except as may otherwise be required pursuant to applicable laws, the Company does not assume any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

7

ASX:IMI Infinity Mining Limited Level 1, 470 St Pauls Terrace, Fortitude Valley, QLD Australia 4006

www.infinitymining.com.au

– JORC Code, 2012 Edition Table 1 report

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections)

Criteria JORC Code explanation Commentary
Sampling
techniques
Nature and quality of sampling (eg cut channels, random chips, or
specific specialised industry standard measurement tools appropriate
to the minerals under investigation, such as down hole gamma
sondes, or handheld XRF instruments, etc). These examples should
not be taken as limiting the broad meaning of sampling.
Include reference to measures taken to ensure sample representivity
and the appropriate calibration of any measurement tools or systems
used.
Aspects of the determination of mineralisation that are Material to
the Public Report.
In cases where ‘industry standard’ work has been done this would be
relatively simple (e.g., ‘reverse circulation drilling was used to obtain 1
m samples from which 3 kg was pulverised to produce a 30 g charge
for fire assay’). In other cases, more explanation may be required,
such as where there is coarse gold that has inherent sampling
problems. Unusual commodities or mineralisation types (e.g.,
submarine nodules) may warrant disclosure of detailed information.
Samples presented are historic rock
chips samples collected by multiple
explorers over the years.
Rock chip samples representative of
outcrops with samples collected from
mineralised and non-mineralised rocks.
Drilling
techniques
Drill type (e.g., core, reverse circulation, open-hole hammer, rotary air
blast, auger, Bangka, sonic, etc) and details (e.g., core diameter, triple
or standard tube, depth of diamond tails, face-sampling bit or other
type, whether core is oriented and if so, by what method, etc).
N/A – No drilling was undertaken.
Drill sample
recovery
Method of recording and assessing core and chip sample recoveries
and results assessed.
Measures taken to maximise sample recovery and ensure
representative nature of the samples.
Whether a relationship exists between sample recovery and grade
and whether sample bias may have occurred due to preferential
loss/gain of fine/coarse material.
N/A – No drilling was undertaken.
Logging Whether core and chip samples have been geologically and
geotechnically logged to a level of detail to support appropriate
Mineral Resource estimation, mining studies and metallurgical
studies.
N/A – No drilling was undertaken.
The Project areas is currently classified
as early stage of exploration, and no
Mineral Resource estimation is

8

ASX:IMI Infinity Mining Limited Level 1, 470 St Pauls Terrace, Fortitude Valley, QLD Australia 4006

www.infinitymining.com.au

Criteria JORC Code explanation Commentary
Whether logging is qualitative or quantitative in nature. Core (or
costean, channel, etc) photography.
The total length and percentage of the relevant intersections logged.
appliable.
Sub-
sampling
techniques
and sample
preparation
If core, whether cut or sawn and whether quarter, half or all core
taken.
If non-core, whether riffled, tube sampled, rotary split, etc and
whether sampled wet or dry.
For all sample types, the nature, quality and appropriateness of the
sample preparation technique.
Quality control procedures adopted for all sub-sampling stages to
maximise representivity of samples.
Measures taken to ensure that the sampling is representative of the
in-situ material collected, including for instance results for field
duplicate/second-half sampling.
Whether sample sizes are appropriate to the grain size of the
material being sampled.
All samples were collected from
outcrop in the field.
No field duplicates for rock chip
samples were collected during those
historic sampling exercise and no sub-
sampling is needed for compositing.
Quality of
assay data
and
laboratory
tests
The nature, quality and appropriateness of the assaying and
laboratory procedures used and whether the technique is considered
partial or total.
For geophysical tools, spectrometers, handheld XRF instruments, etc,
the parameters used in determining the analysis including instrument
make and model, reading times, calibrations factors applied and their
derivation, etc.
Nature of quality control procedures adopted (e.g., standards, blanks,
duplicates, external laboratory checks) and whether acceptable levels
of accuracy (i.e., lack of bias) and precision have been established.
Assays results presented come from
historic reporting. While reporting
occasionally contains laboratory used
for assay, methodology used were not
reported.
Further sampling to confirm the validity
of collected results will be required.
Verification
of sampling
and
assaying
The verification of significant intersections by either independent or
alternative company personnel.
The use of twinned holes.
Documentation of primary data, data entry procedures, data
verification, data storage (physical and electronic) protocols.
Discuss any adjustment to assay data.
All samples were extracted from public
open files (WAMEX).
Historic reporting indicates that sample
locations were collected by handheld
GPS.
All sample data was transferred into a
computer database.

9

ASX:IMI Infinity Mining Limited Level 1, 470 St Pauls Terrace, Fortitude Valley, QLD Australia 4006

www.infinitymining.com.au

Criteria JORC Code explanation Commentary
Location of
data points
Accuracy and quality of surveys used to locate drill holes (collar and
down-hole surveys), trenches, mine workings and other locations used
in Mineral Resource estimation.
Specification of the grid system used.
Quality and adequacy of topographic control.
All rock chip locations were recorded
with a handheld GPS with +/- 5m
accuracy
Sample location was originally a mix of
AMG84 and GDA94 zone 50.
Coordinate’s locations have been
converted to GD94 zone 50.
Data
spacing and
distribution
Data spacing for reporting of Exploration Results. Whether the data
spacing and distribution is sufficient to establish the degree of
geological and grade continuity appropriate for the Mineral Resource
and Ore Reserve estimation procedure(s) and classifications applied.
Whether sample compositing has been applied.
No Mineral Resource is being
considered in this report.
Data spacing and distribution was
dependant on the identification of
mineralisation observed in outcrops.
Those samples were not a systematic
rock chip sampling program based on a
grid.
All locations of the anomalous samples
are provided in Table 1 and 2 and
illustrated in Figures 1 & 2.
There is insufficient data to determine
any economic parameters or mineral
resources.
Orientation
of data in
relation to
geological
structure
Whether the orientation of sampling achieves unbiased sampling of
possible structures and the extent to which this is known, considering
the deposit type.
If the relationship between the drilling orientation and the orientation
of key mineralised structures is considered to have introduced a
sampling bias, this should be assessed and reported if material.
All sampling were not conducted in
selective manner as this is a
presentation of historic results
Based on the early stage of exploration,
the surface grab sampling across the
mineralisation achieves an unbiases
sampling of possible structures and or
mineralisations.
Sample
security
The measures taken to ensure sample security. N/A – historic data
Audits or
reviews
The results of any audits or reviews of sampling techniques and data. No audits or reviews have been
undertaken

10

ASX:IMI Infinity Mining Limited Level 1, 470 St Pauls Terrace, Fortitude Valley, QLD Australia 4006

www.infinitymining.com.au

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section)

Criteria JORC Code explanation Commentary
Mineral
tenement
and land
tenure
status
Type, reference name/number, location and ownership
including agreements or material issues with third parties
such as joint ventures, partnerships, overriding royalties,
native title interests, historical sites, wilderness or
national park and environmental settings.
The security of the tenure held at the time of reporting
along with any known impediments to obtaining a
licence to operate in the area.
The Hillside Project comprises tenements (E
45/4685, E 45/4708, E 45/4709, E 45/4824). All
tenements are held in the name of Infinity Mining
Limited.
The Hillside Project is located approximately 45
km SW of Marble Bar in the East Pilbara Mineral
Field of Western Australia. Port Hedland is the
nearest port to the project area, located
approximately 175 km NW of the Hillside
project area.
All tenements are in good standing.
Exploration
done by other
parties
Acknowledgment and appraisal of exploration by other
parties.
The Hillside Project has been previously explored
by various companies such as Great Southern
Mining in 1984, Barcome Limited in 1993 and
Haoma Mining in 2010. Details of these programs
are included in the Infinity Prospectus dated 28
October 2021.
Historical rock chip sampling was focused along a
mapped outcropping gossan, which shows strong
potential for significant copper mineralisation.
Geology Deposit type, geological setting, and style of
mineralisation.
The Hillside Project is located in the Archaean
Coongan greenstone belt, which includes the
North Star Basalt, Mount Ada Basalt, Euro Basalt,
Duffer Formation and Strelley Pool Formation.
The tenement package is focused on the
greenstone belt, with granite intrusives lying to
the east and west.
The SW of the area is dominated by tholeiitic
metabasalts and metadolerites. There is a
complex of felsic volcanics, metasediments with
high-Mg basalts and komatiites.
The Hillside area features complex zones of
shearing and has a major fault zone running down
the centre of the tenements. The fault zone
trends north to south, is believed to be vertical in
strike-slip/oblique-slip fault orientation and is
predominantly in sheared mafics to ultramafic
rocks.
The Hillside area is prospective for a range of
metalliferous deposits including VMS style copper
mineralisation, Komatiite-hosted Nickel-sulphide
deposits and shear-hostedgold deposits.

11

ASX:IMI Infinity Mining Limited Level 1, 470 St Pauls Terrace, Fortitude Valley, QLD Australia 4006

www.infinitymining.com.au

Criteria JORC Code explanation Commentary
Drill hole
Information
A summary of all information material to the
understanding of the exploration results including a
tabulation of the following information for all Material
drill holes:
o easting and northing of the drill hole
collar
o elevation or RL (Reduced Level –
o elevation above sea level in metres) of
the drill hole collar
o dip and azimuth of the hole
o down hole length and interception
depth
o hole length.
If the exclusion of this information is justified on the
basis that the information is not Material and this
exclusion does not detract from the understanding of the
report, the Competent Person should clearly explain why
this is the case.
No drilling has been undertaken over the current
project area by Infinity Mining
The announcement is highlighting historic
rockchip results.
No Drilling results are reported in this
announcement
Data
aggregation
methods
In reporting Exploration Results, weighting averaging
techniques, maximum and/or minimum grade
truncations (e.g., cutting of high grades) and cut-off
grades are usually Material and should be stated.
Where aggregate intercepts incorporate short lengths of
high-grade results and longer lengths of low-grade
results, the procedure used for such aggregation should
be stated and some typical examples of such
aggregations should be shown in detail.
The assumptions used for any reporting of metal
equivalent values should be clearly stated.
No averaging or aggregating of soil or rock chip
results was undertaken.
Only highly anomalous historic results are
reported.
Relationship
between
mineralisation
widths and
intercept
lengths
These relationships are particularly important in the
reporting of Exploration Results.
If the geometry of the mineralisation with respect to the
drill hole angle is known, its nature should be reported.
If it is not known and only the down hole lengths are
reported, there should be a clear statement to this effect
(e.g., ‘down hole length, true width not known’).
All reported sample values are not true width as
this is considered grass roots exploration.
The nature and dip of the mineralisation are still
being evaluated and is currently unknown.
Diagrams Appropriate maps and sections (with scales) and
tabulations of intercepts should be included for any
Figures 1 & 2 and Table 1 & 2 have been
presented within the announcement outlining

12

ASX:IMI Infinity Mining Limited Level 1, 470 St Pauls Terrace, Fortitude Valley, QLD Australia 4006

www.infinitymining.com.au

Criteria JORC Code explanation Commentary
significant discovery being reported These should include,
but not be limited to a plan view of drill hole collar
locations and appropriate sectional views.
locations of rock chip samples sites.
Balanced
reporting
Where comprehensive reporting of all Exploration
Results is not practicable, representative reporting of
both low and high grades and/or widths should be
practiced to avoid misleading reporting of Exploration
Results.
All assays result for available significant economic
elements for samples are included in Table 1 & 2
of the announcement.
The reporting balances is considered as early
exploration results.
Other
substantive
exploration
data
Other exploration data, if meaningful and material,
should be reported including (but not limited to):
geological observations; geophysical survey results;
geochemical survey results; bulk samples – size and
method of treatment; metallurgical test results; bulk
density, groundwater, geotechnical and rock
characteristics; potential deleterious or contaminating
substances.
Metallurgical, groundwater, and geotechnical
studies have not commenced as part of the
assessment of the project.
Further work
The nature and scale of planned further work (eg
tests for lateral extensions or depth extensions or
large-scale step-out drilling).
Diagrams clearly highlighting the areas of possible
extensions, including the main geological interpretations
and future drilling areas, provided this information is not
commercially sensitive.
Further reconnaissance sampling program is
planned for implementation to confirm the
validity of the presented results.
Subsequent to validation, drilling will be planned
to test for economical mineralisations.

13

ASX:IMI Infinity Mining Limited Level 1, 470 St Pauls Terrace, Fortitude Valley, QLD Australia 4006

www.infinitymining.com.au