Infinity Mining Pursues Dual-Feed Strategy for Cangai Copper Project
Infinity Mining has unveiled an innovative approach to revitalise its flagship Cangai copper project in northern New South Wales, tapping into an unexpected resource. The company has executed a second binding memorandum of cooperation with Orivium Global, expanding their partnership to include the processing of lucrative electronic waste alongside historical ore stockpiles.
Strategic Expansion into E-Waste Market
This strategic move builds on a previous agreement for metals recovery, enabling Infinity Mining to pursue a two-pronged revenue stream. The company will now target both forgotten mine waste and Australia's mounting pile of electronic scrap. This expansion provides direct exposure to the Australian e-waste market, currently valued at $1.5 billion and projected to grow at 6.2 per cent annually through to 2034.
The enhanced partnership is designed to extract a high-value suite of materials, including gold, silver, copper, nickel, rare earth elements, and other critical metals. Laboratory work has already validated the recovery of minerals from historical smelter slag and ex-mine oxide dumps at the Cangai site.
Integrated Processing and Economic Benefits
In a significant development for project economics, Orivium's latest technology can process both mineral ore and e-waste through a single, integrated plant. This unified approach is expected to substantially improve output and overall project margins. Orivium engineers have also developed a capital light plant design, featuring a modular, electro-leaching system that could materially reduce upfront capital requirements compared to the original project scope.
Infinity Mining Limited executive chairman Cameron Petricevic stated, The expanded partnership is a significant step forward for Infiniti. By incorporating e-waste alongside metals-based recovery, we are enhancing the economics of our processing strategy while accessing a large and growing market.
Technical and Financial Advancements
The technical backbone of Orivium's operation is its proprietary Super Oxidiser process, a next-generation technology supporting scalable, modular metals recovery plants. Beyond extraction, this technology offers potential applications for environmental cleanup, specifically targeting hazardous cadmium and arsenic waste.
Infinity Mining is pursuing non-dilutive government grants to fund the project, avoiding shareholder dilution and opening new grant opportunities in e-waste recycling. While the expanded scope may extend the original plant construction completion target of June 30, 2026, advanced scoping studies have commenced to finalise updated plant design and operational planning.
Future Prospects and Industry Impact
Discussions are underway regarding feedstock supply and potential offtake partners, with profits from processing operations split 60/40 in favour of the feedstock supplier. This strategy positions Infinity Mining at the intersection of traditional mining and the modern circular economy, aiming for a faster, cleaner, and cheaper path to metals production.
With a capital-light modular model and ongoing studies, stakeholders will monitor Infinity's progress in securing e-waste feedstock and converting this innovative concept into sustainable cash flow.
