Infini Resources confirms structurally controlled uranium mineralisation at Portland Creek and prepares maiden drilling at Reynolds and Reitenbach Lake projects in Saskatchewan.
- Phase 2 drilling assays confirm uranium at Portland Creek
- Portland Creek footprint expanded by 30%
- Widespread uranium anomalism at Reynolds and Reitenbach Lake
- Maiden 2,500m drilling campaign set for Q2 2026
- Cash balance of AUD 8.28 million with disciplined exploration spend
Portland Creek Drilling Confirms District-Scale Uranium System
Infini Resources Ltd (ASX:I88) has fortified its position in the uranium exploration sector with assay results from its Phase 2 drilling at the Portland Creek Project in Newfoundland. The initial batch of assays confirms uranium mineralisation across multiple drillholes spaced over a kilometre apart, validating a structurally controlled hydrothermal system. This supports the company’s interpretation of fluid pathways driving mineralisation within fractures, breccias, and altered granite zones.
Adding weight to the discovery potential, elevated polymetallic pathfinder elements such as molybdenum, zinc, and copper were identified, consistent with a fertile hydrothermal system. The company also completed a 30% expansion of the Portland Creek footprint to over 32,000 hectares, consolidating control over a district-scale uranium system that has been the focus of historic and recent exploration efforts.
These developments build on earlier work confirming high-grade soil anomalies up to 74,997 ppm U3O8 and a coherent 6 km uranium anomaly zone along a prominent fault scarp marking a deep-seated structural feature. Infini plans an airborne geophysical survey in Q2 2026 to refine structural models and guide a focused Phase 3 drilling campaign aimed at principal structural corridors controlling mineralisation.
Saskatchewan Projects Poised for Maiden Drilling Campaign
Meanwhile, Infini’s Reynolds Lake and Reitenbach Lake Projects on the eastern margin of the Athabasca Basin in Saskatchewan have advanced rapidly toward their first drill program. Phase 2 fieldwork, including rock chip assays, confirmed widespread uranium anomalism beyond the initial 1.9% U3O8 Titus Prospect discovery, defining a mineralised corridor approximately 15 km by 3 km in size. This corridor aligns spatially with electromagnetic conductors, radiometric anomalies, and key structural features.
The company expanded the Reitenbach Lake project area by 36%, staking additional tenements that capture extensions of key EM conductors and structurally complex corridors. Integrated geological, geochemical, and geophysical datasets have been used to generate high-confidence drill targets.
Infini has appointed experienced contractors Rodren Drilling Ltd and Archer Cathro & Associates Ltd to execute the maiden diamond drilling program scheduled for Q2 CY2026. The minimum 2,500-metre campaign will systematically test priority targets characterised by conductive horizons and uranium geochemical anomalism, marking the first-ever drill testing of this underexplored corridor. This follows the company’s recent finalised drill targets and contractor appointments for the Saskatchewan projects.
Portfolio Management and Corporate Developments
Infini also streamlined its portfolio by relinquishing the Boulding Lake Project to focus resources on its higher-priority assets. Other projects, including Des Herbiers in Quebec and Yeelirrie North and Bellah Bore East in Western Australia, saw no significant activity during the quarter.
On the corporate front, the company strengthened its technical expertise with the appointment of Andy Yackulic as Strategic Technical Advisor. Yackulic brings over 20 years of uranium exploration experience in the Athabasca Basin, offering valuable guidance on target refinement and drill planning.
Financially, Infini closed the quarter with a cash balance of AUD 8.281 million, having spent AUD 3.022 million on exploration and development, primarily at Portland Creek and the Saskatchewan projects. The company’s capital structure remains robust with over 108 million shares and 42 million options on issue. Shareholders reaffirmed support at the recent General Meeting, passing all resolutions put to vote.
As Infini prepares to ramp up drilling activity across its key projects, market watchers will be keen to see how the pending Phase 2 assay results from Portland Creek and the maiden drilling outcomes at Reynolds and Reitenbach Lake shape the company’s exploration narrative and valuation trajectory.
Bottom Line?
Infini Resources is transitioning from exploration to active drilling across its Canadian uranium assets, with assay results and maiden campaigns set to define its next growth phase.
Questions in the middle?
- Will the remaining Phase 2 assays at Portland Creek confirm the extent of the uranium system?
- How will the maiden drilling at Reynolds and Reitenbach Lake influence Infini’s resource potential in the Athabasca margin?
- What impact will the appointment of a seasoned technical advisor have on exploration efficiency and discovery success?