https://newsletter.mw.creamermedia.com
Copper|Exploration|Gold|Mining|PROJECT|Projects
Copper|Exploration|Gold|Mining|PROJECT|Projects
copper|exploration|gold|mining|project|projects

Infinity buys NSW copper project from Castillo

3rd October 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Exploration and development company Infinity Mining has entered into a binding term sheet with fellow ASX-listed Castillo Copper to acquire the Cangai project, comprising three granted tenements in the north-western corner of New South Wales.

The tenements EL8625, EL8635 and EL8601 are adjacent exploration licences making up the Cangai copper project.

Cangai was renowned for its high-grade ore, which was mined from the rich sulphide ore bodies in the area. During its operation, the mine processed ore with copper grades of about 7% to 10%.

Historic production of the Cangai, from 1904 to 1917, produced about 5 000 t of copper along with notable quantities of gold and silver.

“The acquisition of the Cangai copper project represents a significant opportunity for Infinity Mining, aligning with our recent acquisitions,” said executive chairperson Joe Phillips.

The company in August announced the acquisition of a portfolio of gold and copper exploration projects in New South Wales, Victoria and Tasmania from various vendors.

“With rising copper demand and the Cangai project's outstanding historical grades, we are eager to unlock its full potential through targeted exploration and development, creating additional value for our shareholders,” he added.

Infinity Mining plans to initiate an extensive exploration programme at the Cangai site, focusing on unmined sections and the high-grade supergene copper zone.

Edited by Creamer Media Reporter

Comments

Research Reports

Showroom

SAJ Electrics
SAJ Electrics

Smart energy storage solutions for efficient, safe, and profitable power.

VISIT SHOWROOM 
The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
17th September 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.077 0.181s - 126pq - 2rq
Subscribe Now