How Will Infinity Metals Overcome Drilling Delays and Advance Its Lithium Ambitions?

Strategic Focus on Lithium Amid Exploration Challenges

Infinity Metals Limited has provided its quarterly activities report for the period ending 30 September 2025, revealing a mixed bag of progress and setbacks across its Australian and Spanish mineral projects. The company’s primary focus remains on advancing the San Jose Lithium Project in Spain, where it has submitted extensive documentation for the Mining Licence Application. However, administrative hurdles and third-party access issues have delayed some metallurgical test work, pushing expected regulatory feedback to late 2025 or early 2026.

Meanwhile, in Australia, Infinity Metals faced delays in its drilling program at the Cobungra gold-silver project in Victoria due to the unavailability of suitable tracked diamond drill rigs during the wet winter months. To overcome this, the company has revised its drilling strategy to include a broader range of rigs and has appointed a new drilling contractor post-quarter to expedite exploration activities.

Portfolio Rationalisation and Corporate Streamlining

Reflecting a more focused approach, Infinity Metals relinquished the Good Hope tenement after field assessments downgraded its potential. Additionally, the company elected not to exercise option agreements on two Victorian gold-copper-silver projects, Mitta Mitta and Corryong, following extensive due diligence and consideration of exploration timelines and resource commitments.

On the corporate front, Infinity Metals has streamlined its board and management structure to better align with its dual-asset strategy spanning Australia and Spain, aiming to reduce overheads and improve operational efficiency. The company ended the quarter with a cash balance of A$2.67 million, providing a modest runway for upcoming exploration and permitting activities.

Looking Ahead, Navigating Market and Regulatory Dynamics

With the lithium market currently stagnant, Infinity Metals is cautiously optimistic about maintaining its San Jose asset and capitalising on potential future price improvements. The company’s ability to navigate regulatory processes in Spain and accelerate drilling in Australia will be critical to unlocking value. The revised drilling program in Victoria promises more rapid and cost-effective testing, which could yield important insights into the region’s gold-copper-silver potential.

Overall, Infinity Metals is balancing the challenges of exploration delays and administrative complexities with strategic portfolio management and cost discipline. Investors will be watching closely for updates on drilling commencement in Australia and regulatory milestones in Spain, which will shape the company’s near-term trajectory.