Infinity Lithium Corporation Limited Declines Dart Mining Option, Refocusing on Cobungra Gold-Silver Drilling and Strategic Growth Opportunities

Monday, July 28, 2025
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8:58 am
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Infinity Lithium Corporation Limited has decided against exercising its option on gold, silver, and copper projects with Dart Mining. Instead, the company will concentrate on starting drilling at its Cobungra gold-silver project in Victoria and continue assessing other strategic opportunities.

Infinity Lithium Corporation Limited has announced that after an extended due diligence process, it has decided not to exercise its option with Dart Mining Limited over the Miša Miša intrusive gold-copper project and the Corryong copper-silver-molybdenum porphyry project. Originally entered into with Dart Mining, the option agreement received a 30-day due diligence extension until 25 July 2025. Despite the projects’ attractive geological and exploration potential, Infinity Lithium’s management and Board have concluded that they do not align with the company’s current strategic focus. Instead of pursuing these projects, the company will concentrate on advancing the drilling phase at its fully owned Cobungra gold-silver project in Victoria while evaluating other strategic opportunities. In line with this decision, the Board has resolved to withdraw resolutions related to potential securities considerations from the Extraordinary General Meeting scheduled for Friday 1 August 2025. This withdrawal will not affect the validity of any proxy forms or cast votes connected to the remaining matters to be decided by shareholders. The news presents a mixed sentiment. On one hand, the emphasis on the Cobungra project reflects a bullish stance, as refining focus on a fully controlled asset could improve project execution and shareholder value in the upcoming drilling phase. On the other hand, the decision to forego the Dart Mining projects might be viewed as bearish by investors who were anticipating a broader portfolio of exploration assets. Overall, the measured strategic approach suggests a commitment to quality over quantity, as Infinity Lithium directs its resources toward projects deemed a better fit with its long-term objectives.

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