Latest Infini Resources (ASX:I88) News

Infini Resources has expanded and intensified its Canadian uranium exploration, but the ASX-listed explorer remains dependent on future funding despite ending FY26 with A$6.36 million in cash. Its auditor highlighted a material uncertainty over the company’s ability to continue as a going concern.

Infini Resources has kicked off an extensive 5,000-meter diamond drilling campaign at its Portland Creek Uranium Project in Newfoundland, aiming to unlock a large hydrothermal uranium system revealed by recent geophysical surveys.

Exploration results, project funding and takeover activity drove another busy week across Australia’s materials market.
Investors rewarded new production plans and strong drill results, but several small-cap gaps quickly lost ground.

Infini Resources is ramping up its exploration at the Portland Creek Uranium Project with a major 5,000-meter diamond drilling program, backed by new geophysical insights revealing a large hydrothermal system.

Infini Resources has confirmed compelling radiometric anomalies and structural targets at its Portland Creek project in Newfoundland while completing maiden drilling at its Saskatchewan projects, setting the stage for a busy 2026 drilling campaign.

Infini Resources has launched its first-ever diamond drilling campaign at the Reynolds Lake and Reitenbach Lake uranium projects in Saskatchewan, while final assays from its Portland Creek Phase 2 drilling confirm a structurally controlled uranium system over a 6 km strike.

Infini Resources has completed a high-resolution airborne radiometric survey at its Portland Creek Uranium Project in Newfoundland, enhancing geological targeting ahead of a planned Phase 3 diamond drilling campaign in Q3 2026.

Speculative small caps drove the week, with Tasman Resources, Solis Minerals and Lithium Energy leading the board after funding, drilling and asset sale updates. At the other end, ASX Ltd and Arafura Rare Earths fell hard as investors reacted to higher costs and fresh equity issuance.

Small-cap materials stocks swung hard as fresh funding, mine build decisions and standout drill hits drove the week’s biggest moves. Gold, lithium, rare earths and tungsten names all drew buying, while a few raisings and weak follow-through after trading halts kept losses sharp.

Infini Resources has completed a landmark airborne electromagnetic and magnetic survey over its Portland Creek Uranium Project in Canada, while final Phase 2 drilling assays confirm uranium mineralisation across a 6 km strike. The company plans an expanded Phase 3 drilling campaign in Q3 2026 to target newly identified structural corridors.

Infini Resources has kicked off its inaugural diamond drilling campaign at the Reynolds Lake and Reitenbach Lake uranium projects, targeting high-grade zones including the Titus Prospect. The program aims to unlock a large, underexplored uranium system on the Athabasca Basin's eastern margin.

Infini Resources has received drill permits to begin its inaugural diamond drilling program targeting high-grade uranium at Reynolds and Reitenbach Lake projects in northern Saskatchewan. The campaign aims to test a large, underexplored system on the eastern Athabasca Basin margin, with drilling set to start in late April 2026.