New licence expands Infinity’s NSW copper-gold exploration footprint

Infinity Mining has wasted no time expanding its footprint in the New South Wales Lachlan Fold Belt, hot on the heels of buying the historic Cangai project from Castillo Copper a week ago.

The company has secured an exploration licence for the Achilles copper-gold project.

The project is 200km west of Newmont’s massive Cadia Valley project that has produced more than 50 million ounces of gold and 9.5 million tonnes of copper since its 1992 discovery.

Inifinity’s new lease is positioned in the resource-rich Achilles shear zone and adds to the company’s existing Bogong, Gundaga and Harden licences.

Achilles spans almost 20 square kilometres within the Devonian Cobar Basin, an area renowned for hosting significant base and precious metals deposits.

The area includes the 50,000 tonne per annum (tpa), Glencore-owned CSA copper mine, which is one of the highest-grade copper mines in Australia.

The Achilles project grounds are also close to Auralia Metals Peak gold mine, which in 2024 produced 30,000 ounces of gold, 316,000 ounces of silver, 18,000t of lead, 16,000t of zinc and 2000t of copper.

Acquiring the Achilles project amid recent neighbouring discoveries is an exciting milestone for Infinity. Hosting copper and gold mineral occurrences within prospective geological host rocks, Infinity’s Achilles project holds great promise for further copper-gold discoveries in the region.

Adding to the prospectivity of the new licence, recent drilling results from Australian Gold and Copper’s Achilles 3 project, 18km to the north, has thrown up some eye-popping numbers, including a 112m hole that produced 5m grading16.9 grams per tonne (g/t) gold, 1.67 kilograms per tonne of silver and 15 per cent lead and zinc.

Results from Eastern Metals’ Brown’s Reef project’s polymetallic volcanic hosted massive sulphide target, 15km east of Achilles, revealed one hole coming in with 7m grading 4.3g/t gold, 2.7g/t silver and 0.3 per cent lead from 50m.

A further hole at Brown’s Reef lit up with readings of 20m grading 0.3 per cent copper from 186m and 30m at 0.15 per cent copper from 271m.

Inifinity sees merits in Achillies as a walk-up prospect.

Apart from its proximity to some major mining projects in the region and what looks to be some exceptional recent drilling data from neighbouring explorers, the licence also contains the old timer workings of the Ural gold prospect and the Mount Bowen copper prospect.

Inifinity says its priority for the Achilles project is pulling together a complete database of historical information including drilling results, surface assays and geophysics.

When completed and verified, it will conduct a fieldtrip to take a closer look at the Ural and Mount Bowen prospects, before pinpointing drill targets for a planned 2025 drilling campaign.

The history of discovery in the region coupled with the latest stellar results from nearby junior explorers close to Achilles serve as a reminder that the Lachlan Fold Belt is “big elephant” country.

Infinity looks to be getting increasingly serious about the region’s enormous untapped potential and the part it wants to play as the potential next explorer to find a monster discovery.

Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au