Infini’s Uranium Ambitions Face Test as Drilling and Assays Ramp Up

Exploration Momentum Builds at Portland Creek

Infini Resources Limited (ASX – I88) has transitioned from preliminary modelling to active drilling at its flagship Portland Creek Uranium Project in Newfoundland, Canada. The company commenced Phase 2 diamond drilling in September 2025, targeting a corridor exceeding 6 kilometres marked by uranium-in-soil anomalies and structurally prospective fault zones. This drilling phase follows a successful Phase 1 campaign that confirmed the potential for shear-hosted uranium mineralisation, with soil assays peaking at an exceptional 74,997 ppm U3O8.

Infini has strategically expanded its claim holdings at Portland Creek by over 10,000 hectares, consolidating control over a 251 km² footprint in one of Canada’s emerging uranium districts. The refined exploration model identifies twelve high-priority targets associated with east-west and northeast-southwest fault systems, radiometric highs, and radon gas anomalies, setting the stage for a flexible and data-driven drilling program.

Advancing Athabasca Basin Projects with Maiden Field Campaigns

In Saskatchewan, Infini’s Reynolds Lake and Reitenbach Lake Uranium Projects are showing promising signs of shallow unconformity-style uranium mineralisation, characteristic of the world-renowned Athabasca Basin. The company completed its maiden field programs, collecting over 1,000 soil and rock-chip samples. Notably, scintillometer readings reached up to 67,540 counts per second at Reitenbach Lake, coinciding with the discovery of visible uraninite at surface, an encouraging indicator of uranium presence.

Airborne electromagnetic surveys identified multiple large-scale conductors exceeding 10 km in length, aligning with radiometric anomalies and interpreted shear zones. These findings have enabled Infini to define 14 high-priority targets, advancing these assets toward drill readiness anticipated in 2026.

Capital Raising and Corporate Strengthening

Supporting its aggressive exploration agenda, Infini Resources successfully raised approximately A$3.2 million during the quarter through a placement, followed by an additional A$12 million in flow-through funding and placements post-quarter. These capital injections, secured at premiums to market prices, underscore strong institutional and sophisticated investor confidence in Infini’s uranium portfolio.

Corporate governance enhancements include the appointment of Mr Faheem Ahmed as Non-Executive Director, bringing extensive mining and financing expertise, and the transition of Dr David Pevcic to Non-Executive Chairman. These changes aim to bolster strategic oversight as the company advances its growth phase.

Focused Strategy Amid Portfolio Optimization

While Infini maintains a diversified portfolio including lithium projects in Canada and Western Australia, the company has elected to relinquish the Parna Lithium Project to concentrate resources on its uranium assets. Exploration expenditure for the quarter totaled $1.159 million, with a closing cash balance of $2.611 million, positioning Infini to sustain its exploration momentum.

Looking ahead, assay results from ongoing drilling and field programs are eagerly awaited to validate the promising geophysical and scintillometer data. Infini’s methodical approach to exploration, combined with robust funding and experienced leadership, positions it well to unlock value in some of the world’s most prospective uranium districts.