Latest news with #InfiniResources
West Australian
02-06-2025
- Business
- West Australian
Infini ratchets up exploration across Canadian uranium projects
Infini Resources has ratcheted up exploration activities at its suite of promising Canadian uranium projects. After completing airborne electromagnetic surveys across two recent acquisitions, the company is preparing to test major targets at its flagship Portland Creek project in Newfoundland. Infini is eagerly anticipating the imminent arrival of phase one drilling results from Portland Creek and preparing to recommence exploration along the prospective Trident Lake fault. The Portland Creek project sits on the 6-kilometre uranium-enriched corridor, which remains largely untested. Infini expects to kick off its latest program over the next three months, after a temporary pause for seasonal caribou migration. It will test a high-grade soil anomaly within the Trident Lake zone measuring 800 metres by 100m as well as multiple other nearby targets. Infini also recently completed 2400km line time-domain electromagnetic (TDEM) and magnetic airborne surveys across its newly acquired Boulding Lake and Reynolds Lake uranium projects in the renowned Athabasca region in Saskatchewan, Canada. It used a new-generation helicopter-borne TDEM system that improves on prior TDEM mineral exploration technology. The new-age system uses a 20m diameter inflatable transmitter loop suspended about 30m below a helicopter, offering improved signal clarity for detection of subtle subsurface features and better resolution of shallow and deeper targets. Infini has already had a breakthrough at Portland Creek, when soil sampling results last year set the market into a spin. Assay results up to 74,997 parts per million uranium oxide put a rocket under Infini's share price, making it one of last year's big share market winners. In fact, the mineralisation was so high that the samples exceeded the initial lab's capabilities and Infini needed to send the lab-busting assays to a second lab for testing. Management says an initial six-hole drilling program at the company's Falls Lake prospect at Portland Creek exhibited encouraging signs, which they believe illustrates the prospect's significant upside potential. The drill program results will help guide an upcoming phase-two diamond drilling program, based on observed geological structures and geochemical assays. Falls Lake is part of the wider Trident Lake zone, a 6km corridor of anomalous uranium and radon gas identified in soils and lake sediments. Portland Creek hosts prospective geological indicators, including surface anomalism, favourable structures and widespread hydrothermal alteration. The company believes its ongoing data-driven approach is delivering drill targets that are adjusted to new geological information, maximising the project's discovery potential. Infini Resources chief executive officer Rohan Bone said: 'Portland Creek is a rare exploration opportunity, a project which has the potential to host a large-scale uranium system in a tier-one jurisdiction. Weather, slow production rates and wildlife considerations undoubtedly slowed our momentum, but they've done nothing to diminish our confidence in the asset.' Bone said the company remains fully committed to aggressive exploration with multiple programs planned at Portland Creek and its Athabasca properties in the second half of this year. The company announced Bone's appointment a few weeks ago. He has a brief to deliver the next phase of growth across the company's portfolio of uranium and lithium projects in Canada and Western Australia. Bone brings 18 years of global experience across multiple mining roles throughout Australia, South East Asia, Canada and Europe. The upcoming drill program will be managed by the company's recently appointed in-country exploration manager Nick Mitchell. Infini recently completed the acquisition of two prospective uranium plays in Canada's renowned Athabasca Basin, which are both perched within 100km of several world-class high-grade uranium mines. The fully-owned Reynolds and Boulding Lake projects comprise a total 931 square kilometres of land, significantly expanding the company's grounds in the highly sought-after and richly endowed 100,000-square-kilometre Athabasca Basin. The 677-square-kilometre Reynolds project contains reported anomalous uranium in-lake sediments and radiometric anomalies close to the underexplored Needle Falls shear zone. It is a shallow unconformity-style uranium exploration play in a jurisdiction distinguished by a regional fault, radioactive boulders along trend and numerous surface showings. The adjacent, 254-square-kilometre Boulding Lake contains a plethora of radioactive boulders. The company says a magnetic low, interpreted as basin sediments, indicates the project offers potential as a primary uranium source. Boulding Lake lies immediately west of Denison Mines' Johnston Lake uranium project and is close to the globally leading Cigar Lake operating mine. Cigar Lake's underground mine has a total mineral reserve of 551,400 tonnes at a coffee-spitting grade of 15.87 per cent uranium oxide - about 160,000ppm - for 192.9 million pounds of product. The nearby high-grade McArthur River mine contains a reserve of 2.49Mt at a solid 6.55 per cent uranium oxide for a massive 359.6M pounds. United States President Donald Trump recently issued executive orders to expedite the approvals process for projects deemed to contain strategically important critical minerals, including uranium, to fuel the rollout of modular nuclear energy reactors and to safeguard the US's national security. Trump's intervention may prove a major boon for the active Canadian junior uranium explorer, if its exploration activities prove successful. Is your ASX-listed company doing something interesting? Contact:
Sydney Morning Herald
02-06-2025
- Business
- Sydney Morning Herald
Infini ratchets up exploration across Canadian uranium projects
Infini Resources has ratcheted up exploration activities at its suite of promising Canadian uranium projects. After completing airborne electromagnetic surveys across two recent acquisitions, the company is preparing to test major targets at its flagship Portland Creek project in Newfoundland. Infini is eagerly anticipating the imminent arrival of phase one drilling results from Portland Creek and preparing to recommence exploration along the prospective Trident Lake fault. The Portland Creek project sits on the 6-kilometre uranium-enriched corridor, which remains largely untested. Infini expects to kick off its latest program over the next three months, after a temporary pause for seasonal caribou migration. It will test a high-grade soil anomaly within the Trident Lake zone measuring 800 metres by 100m as well as multiple other nearby targets. Infini also recently completed 2400km line time-domain electromagnetic (TDEM) and magnetic airborne surveys across its newly acquired Boulding Lake and Reynolds Lake uranium projects in the renowned Athabasca region in Saskatchewan, Canada. It used a new-generation helicopter-borne TDEM system that improves on prior TDEM mineral exploration technology. The new-age system uses a 20m diameter inflatable transmitter loop suspended about 30m below a helicopter, offering improved signal clarity for detection of subtle subsurface features and better resolution of shallow and deeper targets. 'Portland Creek is a rare exploration opportunity, a project which has the potential to host a large-scale uranium system in a tier-one jurisdiction.' Infini Resources chief executive officer Rohan Bone Infini has already had a breakthrough at Portland Creek, when soil sampling results last year set the market into a spin. Assay results up to 74,997 parts per million uranium oxide put a rocket under Infini's share price, making it one of last year's big share market winners. In fact, the mineralisation was so high that the samples exceeded the initial lab's capabilities and Infini needed to send the lab-busting assays to a second lab for testing. Management says an initial six-hole drilling program at the company's Falls Lake prospect at Portland Creek exhibited encouraging signs, which they believe illustrates the prospect's significant upside potential. The drill program results will help guide an upcoming phase-two diamond drilling program, based on observed geological structures and geochemical assays.
The Age
02-06-2025
- Business
- The Age
Infini ratchets up exploration across Canadian uranium projects
Infini Resources has ratcheted up exploration activities at its suite of promising Canadian uranium projects. After completing airborne electromagnetic surveys across two recent acquisitions, the company is preparing to test major targets at its flagship Portland Creek project in Newfoundland. Infini is eagerly anticipating the imminent arrival of phase one drilling results from Portland Creek and preparing to recommence exploration along the prospective Trident Lake fault. The Portland Creek project sits on the 6-kilometre uranium-enriched corridor, which remains largely untested. Infini expects to kick off its latest program over the next three months, after a temporary pause for seasonal caribou migration. It will test a high-grade soil anomaly within the Trident Lake zone measuring 800 metres by 100m as well as multiple other nearby targets. Infini also recently completed 2400km line time-domain electromagnetic (TDEM) and magnetic airborne surveys across its newly acquired Boulding Lake and Reynolds Lake uranium projects in the renowned Athabasca region in Saskatchewan, Canada. It used a new-generation helicopter-borne TDEM system that improves on prior TDEM mineral exploration technology. The new-age system uses a 20m diameter inflatable transmitter loop suspended about 30m below a helicopter, offering improved signal clarity for detection of subtle subsurface features and better resolution of shallow and deeper targets. 'Portland Creek is a rare exploration opportunity, a project which has the potential to host a large-scale uranium system in a tier-one jurisdiction.' Infini Resources chief executive officer Rohan Bone Infini has already had a breakthrough at Portland Creek, when soil sampling results last year set the market into a spin. Assay results up to 74,997 parts per million uranium oxide put a rocket under Infini's share price, making it one of last year's big share market winners. In fact, the mineralisation was so high that the samples exceeded the initial lab's capabilities and Infini needed to send the lab-busting assays to a second lab for testing. Management says an initial six-hole drilling program at the company's Falls Lake prospect at Portland Creek exhibited encouraging signs, which they believe illustrates the prospect's significant upside potential. The drill program results will help guide an upcoming phase-two diamond drilling program, based on observed geological structures and geochemical assays.
West Australian
12-05-2025
- Business
- West Australian
Infini unveils new CEO to drive uranium projects
Infini Resources has unveiled its new CEO, Rohan Bone, with a brief to inject the next phase of growth into the company's portfolio of uranium and lithium projects in Canada and Western Australia. Bone has 18 years of global experience across multiple mining roles throughout Australia, Southeast Asia, Canada and Europe. He has experience in a wide range of commodities and is a qualified mining engineer, having held an array of senior roles with Alcoa, Thyssenkrupp Mining Technologies and Tata Steel Minerals Canada. Bone played a key role in Alcoa's first successful diamond drilling program in Australia and had a significant hand in the execution of Tata Steel's direct-shipping-ore project in northern Quebec. His early career mining roles locally included working with BHP Nickel West at the Perseverance mine, Mining Plus and ATW Gold. The company ramped up its focus on uranium last year as the price of the energy-producing nuclear reactor fuel took off on an impressive run, after years in the doldrums. Infini's focus on the key metal was escalated to the next level when lab-busting exploration soil sampling results grading up to 74,997 parts per million (ppm) at its Falls Lake prospect, were revealed to the market. Falls Lake is part of the company's Portland Creek project in the Canadian province of Newfoundland and Labrador. The initial assessment of the project propelled the uranium hopeful's share price skywards at the time and a maiden drill campaign wrapped up at the end of March. Initial results just from an XRF reading showed up to a stellar 9391ppm uranium oxide, however delays in producing the follow up laboratory results have seen the company's stock slide backwards. Those results are pending. Management recently revealed it had completed the acquisition of two other prospective looking uranium plays in Canada's renowned Athabasca Basin, with both projects perched within 100km of several world-class high-grade uranium mines. The new 931 square kilometre land grab across the two promising projects expands the company's Canadian ground in the highly sought-after and richly-endowed Athabasca Basin. Its decision to acquire 100 per cent of the Reynolds and Boulding Lake projects significantly increases the company's landholdings in the world's premier uranium destination. The Reynolds project comprises 677 sq km and contains reported anomalous uranium in-lake sediments and radiometric anomalies close to the underexplored Needle Falls shear zone. It is a shallow unconformity-style uranium exploration play in a jurisdiction distinguished by a regional fault, radioactive boulders along trend and numerous surface showings. Boulding Lake consists of 254 square kilometres of ground adjacent to claims containing a plethora of radioactive boulders. The company says a magnetic low, interpreted as basin sediments, indicates the project offers potential as a primary uranium source. Boulding Lake lies immediately west of Denison Mines' Johnston Lake uranium project and is close to the global-leading Cigar Lake operating mine. Cigar Lake's underground mine has total mineral reserves of 551,400 tonnes at an eye-popping grade of 15.87 per cent uranium oxide - around 160,000 ppm - for 192.9 million pounds of product. The nearby high-grade McArthur River mine contains a reserve of 2.49mt at a solid 6.55pc uranium oxide for a massive 359.6m pounds. The company plans to conduct geophysical surveys across both projects to generate targets for follow-up exploration activities. The projects are in addition to its existing Des Herbiers project sitting near Portland Creek, with an existing JORC classified resource of 162mt grading 123ppm uranium oxide for 43.95m pounds. Acquiring the two new properties strengthens the company's Canadian presence, however its Portland Creek project on Canada's east coast, remains its prime focus with its off-the-scale early geological signatures. . The Athabasca Basin is regarded as the world's premium location for uranium deposits, spanning 100,000 sq km and is home to a range of prospective projects. With the uranium price remaining around US$70 per pound, Infini's new leader has plenty of projects to go on with and the final assay results from Falls Lake just might provide a springboard for him to launch from. Is your ASX-listed company doing something interesting? Contact:
Sydney Morning Herald
12-05-2025
- Business
- Sydney Morning Herald
Infini unveils new CEO to drive uranium projects
Infini Resources has unveiled its new CEO, Rohan Bone, with a brief to inject the next phase of growth into the company's portfolio of uranium and lithium projects in Canada and Western Australia. Bone has 18 years of global experience across multiple mining roles throughout Australia, Southeast Asia, Canada and Europe. He has experience in a wide range of commodities and is a qualified mining engineer, having held an array of senior roles with Alcoa, Thyssenkrupp Mining Technologies and Tata Steel Minerals Canada. Bone played a key role in Alcoa's first successful diamond drilling program in Australia and had a significant hand in the execution of Tata Steel's direct-shipping-ore project in northern Quebec. 'The Board looks forward to working closely with Rohan to unlock the full value of our portfolio.' Infini Resources executive director David Pevcic His early career mining roles locally included working with BHP Nickel West at the Perseverance mine, Mining Plus and ATW Gold. Infini Resources executive director David Pevcic said: 'His depth of experience and demonstrated success in delivering complex mining projects makes him the ideal candidate to lead Infini as we implement our strategy to transition from exploration to development. The Board looks forward to working closely with Rohan to unlock the full value of our portfolio and deliver long-term shareholder value.' The company ramped up its focus on uranium last year as the price of the energy-producing nuclear reactor fuel took off on an impressive run, after years in the doldrums. Infini's focus on the key metal was escalated to the next level when lab-busting exploration soil sampling results grading up to 74,997 parts per million (ppm) at its Falls Lake prospect, were revealed to the market. Falls Lake is part of the company's Portland Creek project in the Canadian province of Newfoundland and Labrador.
