Infinity Mining has lit the fuse on a fully funded foray into Victoria’s gold and antimony heartland, locking in a binding farm-in and joint venture with global consultancy Mining One.

The joint venture (JV) partner is set to bankroll up to $500,000 in exploration across Infinity’s Tanjil Bren and Walhalla South Extended projects.

The pact hands Mining One the right to earn up to 51 per cent, while Infinity keeps a firm grip on upside while leveraging external capital and top-tier technical talent to tackle high-grade antimony showings across a standout 1.5km-wide undrilled magnetic target.

The new JV will be structured in two stages, with $200,000 in initial exploration over 12 months, unlocking a 25 per cent stake, followed by a follow-up $300,000 drilling blitz for 1500 m of reverse circulation (RC) or diamond drilling, which will lift Mining One to a majority 51 per cent ownership.

Infinity says the funding framework will free the company from near-term cash calls and fast-tracks boots-on-ground activity, ensuring targets transition swiftly from theory to drill testing.

Geologically, the ground sits within the proven Eastern Victorian goldfields, a region renowned for intrusion-related, structurally controlled mineral systems.

At Tanjil Bren, revisited stream sediment sampling has sharpened the exploration picture, with 34 of 95 samples returning anomalous gold above 20 parts per billion (ppb) and peaking at 70ppb.

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 is shaping as the sharpest spear tip, delivering rock chip assays grading from 21.6 per cent up to a striking 51.4 per cent 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 1.5km 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 lay down gold and stibnite within quartz veins and altered host rocks – a playbook that mirrors proven gold antimony systems across Victoria.

This agreement delivers a capital-efficient pathway to advance our Victorian gold–antimony assets, with Mining One fully funding exploration through to drilling.

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.

Across its broader portfolio, the company has been trimming the fat to sharpen its sights 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 weighing 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. The savvy move appears to signal a tilt towards a smarter, tech-driven recovery of metal.

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 will centre on systematic sampling, target refinement and a rapid march towards drilling priority prospects at the company’s Tanjil Bren and Walhalla South Extended gold-antimony plays. 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 looks 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.

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