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Infinity Mining and Beyond

26 August 2022 12:06
ASX: IMI

News on the Tambourah project’s lithium potential has seen Infinity Mining surge on the ASX, with an enviable 21.87 per cent increase since last Friday to now be trading at 19.5c.

The increase can likely be attributed to a combination of identification of visible spodumene and drilling results revealing up to 2.3 per cent lithium oxide at the Western Australian project — raising considerable confidence in its lithium potential.

After uncovering evidence of a spodumene-rich lithium system, the explorer has its drill program lined up to imminently begin testing deeper into the earth following Program of Works approval and completion of a Cultural Heritage survey.

“The combination of assay rock sample results and the planned drilling program have the potential to significantly enhance this project both in terms of scale and prospectivity,” chief executive Joe Groot said.

Infinity show no signs of slowing down, with both a plotted drill campaign and further exploration across its Pilbara and Central Goldfields tenements for all of its lithium, gold, copper and nickel promise.

Share prices accurate as of 11:23 am (UTC+8 hours).

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