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Infinity Mining Limited (ASX:IMI)

ALERT: Price-sensitive ASX Announcement for IMI
Current share price for IMI : $0.008 0.003 (45.45%)+
Announcement
Release
1 Jul 2026 9:18AM
Price at Release
$0.006
Full Release
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Summary
Infinity Mining Limited has announced a significant breakthrough in extracting high-grade copper from historical smelter waste at its Cangai site in New South Wales using Orivium Global's technology. Laboratory tests have achieved near 100% copper recovery from this waste, which originated from inefficient early 20th-century smelting processes. This development is part of a joint venture with Orivium, focusing on a Memorandum of Cooperation to leverage Orivium’s extraction technology. The company plans to design a processing plant and explore extraction of other metals. The results so far are promising, suggesting economic viability for commercial extraction, pending further studies.
Key Points
  • Infinity Mining achieved near 100% copper recovery from historical waste.
  • Orivium Global's technology played a crucial role in this breakthrough.
  • The Cangai site has significant copper trapped in old smelter waste.
  • A Memorandum of Cooperation exists between Infinity Mining and Orivium.
  • Plans for a processing plant are underway to expand capabilities.
  • Further testing will assess extraction of other base and precious metals.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.