New Risk • Jun 27
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.4m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$3.36m market cap, or US$2.32m). Board Change • May 20
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Kevin Woodthorpe is the most experienced director on the board, commencing their role in 2024. Independent Non-Executive Chairman Cameron Petricevic was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Annuncio • Jan 14
Infinity Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 0.118823 million. Infinity Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 0.118823 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,882,299
Price\Range: AUD 0.01
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Dec 24
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Kevin Woodthorpe is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Annuncio • Nov 05
Infinity Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million. Infinity Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 100,000,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annuncio • Aug 01
Infinity Mining Limited, Annual General Meeting, Aug 29, 2025 Infinity Mining Limited, Annual General Meeting, Aug 29, 2025. Location: at level 1, 470 st pauls terrace, fortitude valley qld 4000, Australia Annuncio • May 05
U Resource Pty Ltd acquired Leonora Goldfields Project in Western Australia from Infinity Mining Limited (ASX:IMI) for AUD 0.74 million. U Resource Pty Ltd acquired Leonora Goldfields Project in Western Australia from Infinity Mining Limited (ASX:IMI) for AUD 0.74 million on May 5, 2025. Under the terms of the transaction, an initial deposit of AUD 0.04 million in cash is payable within five days of executing the Share Sale Agreement (SSA). Upon completion of the transaction, Infinity will receive 8.9 million shares of Evergreen Lithium Limited (ASX:EG1), valued at AUD 0.45 million with a deemed price of AUD 0.05 per share. Additionally, there is a provision for deferred shares amounting to AUD 0.3 million, which are contingent upon shareholder approval and will be based on a 14-day Volume Weighted Average Price (VWAP) from April 11 to April 30, 2025, with a price floor of AUD 0.035 and a cap of AUD 0.065. Furthermore, a milestone payment of AUD 0.09 million in EG1 shares is stipulated, contingent upon EG1 announcing a JORC-compliant inferred resource exceeding 100,000 ounces within three years, calculated based on a 14-day VWAP. This structured approach ensures that both immediate and future considerations are addressed, aligning incentives with the project's development milestones.
The transaction is subject to approval by regulatory board / committee, consummation of due diligence investigation and third party approval needed.
U Resource Pty Ltd completed the acquisition of Leonora Goldfields Project in Western Australia from Infinity Mining Limited (ASX:IMI) on May 5, 2025. Annuncio • Apr 11
Infinity Mining Limited has announced a Derivatives Offering in the amount of AUD 0.282011 million. Infinity Mining Limited has announced a Derivatives Offering in the amount of AUD 0.282011 million.
Security Name: Options
Security Type: Equity Option
Securities Offered: 282,010,518
Price\Range: AUD 0.001
Discount Per Security: AUD 0.00006
Transaction Features: Rights Offering Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non Executive Director Michael Kale was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Aug 30
Infinity Mining Limited Announces Board Changes Infinity Mining Limited announced that Cameron McCall and Josephus Antonio Groot (Joe Groot) retire from the Board effective 30 August 2024. The Company has appointed Kevin Woodthorpe as a Non-Executive Director of the Company effective from the same date. Mr. Woodthorpe is a resource executive with a broad range of commercial experience within public and private companies and government utilities, which has included in Europe, Africa, New Zealand, and Australia. He is recognised in feasibilities and non-process infrastructure procurement for mining projects and is a previous industry representative member on the WA Chamber of Minerals and Energy. Annuncio • Aug 02
Infinity Mining Limited, Annual General Meeting, Aug 30, 2024 Infinity Mining Limited, Annual General Meeting, Aug 30, 2024. Location: suite 1g, level 1, kings row office park, 40-52 mcdougall street, milton, queensland Australia New Risk • Jun 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 39% per year over the past 5 years. Revenue is less than US$1m (AU$41k revenue, or US$27k). Market cap is less than US$10m (AU$3.21m market cap, or US$2.12m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Shareholders have been diluted in the past year (5.9% increase in shares outstanding). Board Change • Apr 22
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non Executive Director Michael Kale was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 11
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non Executive Director Michael Kale was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 23
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non Executive Director Michael Kale was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Dec 19
Infinity Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.65 million. Infinity Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.65 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,200,000
Price\Range: AUD 0.125
Transaction Features: Subsequent Direct Listing Annuncio • Dec 15
Infinity Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 0.4 million. Infinity Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 0.4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,200,000
Price\Range: AUD 0.125
Transaction Features: Subsequent Direct Listing Reported Earnings • Dec 06
First half 2024 earnings released: AU$0.016 loss per share (vs AU$0.014 loss in 1H 2023) First half 2024 results: AU$0.016 loss per share (further deteriorated from AU$0.014 loss in 1H 2023). Net loss: AU$1.83m (loss widened 16% from 1H 2023). Annuncio • Nov 29
Infinity Mining Limited Announces the Resignations of Joe Groot as CEO Infinity Mining Limited announced a refresh of Corporate Governance ahead of a Company Strategy update. Resignations have been received by the company from Joe Groot as CEO, effective 27 November 2023. The decision to step down comes after 2 years of dedicated service to the company. Annuncio • Jul 21
Infinity Mining Limited, Annual General Meeting, Aug 18, 2023 Infinity Mining Limited, Annual General Meeting, Aug 18, 2023, at 11:00 E. Australia Standard Time. Location: Suite 1G, Level 1, Kings Row Office Park, 40-52 McDougall Street Milton Queensland Australia Agenda: To receive and consider the Annual Financial Report of the Company for the financial year ended 31 March 2023 together with the declaration of the Directors, the Director's report, the Remuneration Report and the Auditor's report; to consider adoption of the Remuneration Report; to consider election of directors; to consider ratification of previous securities issues; to consider approval of 10% placement capacity; and to consider other matters. New Risk • Jun 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$7.5m free cash flow). Earnings have declined by 68% per year over the past 5 years. Revenue is less than US$1m (AU$42k revenue, or US$29k). Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Market cap is less than US$100m (AU$17.9m market cap, or US$12.2m). Annuncio • Jun 07
Infinity Mining Limited (ASX:IMI) acquired Tenements In East Pilbara from TasEx Geological Services Pty Ltd. Infinity Mining Limited (ASX:IMI) entered into a Sale Purchase Agreement to acquire Tenements In East Pilbara from TasEx Geological Services Pty Ltd for AUD 0.3 million on November 23, 2022. Total purchase price of AUD 0.3 million payable within 7 working days upon execution of the SPA. AUD 0.05 million in cash and AUD 0.15 million value in Infinity shares for tenements E45/5847, E46/1373 and E45/5720, AUD 0.05 million in Infinity shares for tenement application E45/6237; and AUD 0.05 million in Infinity shares for tenement application E45/6281. Consideration shares will be issued at a deemed price equal to the Volume Weighted Average Price (VWAP), as calculated by the ASX data service, for the 5 ASX trading days preceding the execution of the SPA and subject to voluntary escrow restriction, with a provision stating that upon each Completion either of the Exploration Tenements or of each one of the Applications the holding lock corresponding to the relevant. In case either of the tenement applications E45/6237 and E45/6281are not granted to the Seller, for any reason whatsoever, except for the Seller’s gross negligence in pursuing the applications, the corresponding purchase price will not be refunded. The transaction is conditional upon all applications being granted, all necessary ministerial consents for the transfer of the granted tenements being given under the Act, all necessary third-party consents to the disposal of a seller’s rights and obligations under any contracts have been obtained, the TasEx Geological Services Pty Ltd and the Infinity Mining have received all necessary shareholder and board approvals for the signing of this document and the issue of the shares, as applicable purchase price will be released. All the conditions have been met.Infinity Mining Limited (ASX:IMI) completed the acquisition of Tenements In East Pilbara from TasEx Geological Services Pty Ltd on June 7, 2023. Annuncio • Feb 01
Infinity Mining Limited Announces RC Drilling Program Commences in the Central Goldfields Infinity Mining Limited announced that the Company has commenced its first drilling program for 2023 at its Central Goldfields leases in the Leonora gold mining district of WA. Infinity has engaged drilling contractor iDrilling Australia Pty Ltd. to complete the planned program in the Goldfields, with an expected completion time of approximately three to four weeks. Infinity has planned approximately 2000 m of RC drilling program across several of its 100% owned tenements in the Central Goldfields region of Western Australia. The drilling program commenced at Coppermine, to test the prominent drone magnetic target defined in 2022, which lies adjacent to the old copper mine workings and anomalous Infinity rock chip samples returning up to 2.06% Cu. Annuncio • Jan 20
Infinity Mining Limited Announces a Grant of Five-Year Extension of Term for Exploration Licence E45/4708, with A New Expiry Date of 20 November 2027 Infinity Mining Limited announced that it has been granted a five-year extension of term for Exploration Licence E45/4708, with a new expiry date of 20 November 2027. Exploration Licence E45/4708 (27 sub-blocks) is part of Infinity's Hillside Project in the Pilbara region of Western Australia, together with three other adjoining tenements E45/4685, E45/4709 and E45/4824. The Hillside Project is highly prospective for shear-hosted gold systems, Volcanogenic Massive Hosted Sulphide (VHMS) base-metal, Ultramafic Intrusive Related Ni-Cu and Pegmatite Hosted Lithium deposits. The Project lies within the structurally deformed Coongan Greenstone Belt located between the Shaw Batholith to the west and Corunna Downs Batholith to the east. Recent Insider Transactions • Dec 01
CEO & Director recently bought AU$98k worth of stock On the 28th of November, Josephus Groot bought around 280k shares on-market at roughly AU$0.35 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$270k. Josephus has been a buyer over the last 12 months, purchasing a net total of AU$802k worth in shares. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non Executive Director Michael Kale was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 22
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non Executive Director Michael Kale was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Oct 21
Executive Director recently bought AU$50k worth of stock On the 13th of October, Alan Phillips bought around 228k shares on-market at roughly AU$0.22 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth AU$270k. Insiders have collectively bought AU$884k more in shares than they have sold in the last 12 months. 
