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Infini Resources Ltd. ( (AU:I88) ) has issued an update.
Infini Resources advanced its Canadian uranium portfolio in the March quarter, with Phase 2 drilling at its flagship Portland Creek project in Newfoundland confirming structurally controlled uranium mineralisation across multiple drillholes more than one kilometre apart. The company also expanded the Portland Creek tenement by 30% to over 32,000 hectares, consolidating its control over a district-scale uranium system and underpinning plans for further geophysics and a Phase 3 drilling campaign later in 2026.
At its Reynolds Lake and Reitenbach Lake projects in Saskatchewan, rock chip assays from recent field programs confirmed widespread uranium anomalism along a roughly 15 kilometre by 3 kilometre corridor associated with key geophysical and structural features. Infini enlarged the Reitenbach Lake footprint, finalised high-priority drill targets, and appointed contractors for a minimum 2,500 metre maiden drilling program scheduled to commence in the second quarter of 2026, positioning the company for an expanded exploration push across its Canadian portfolio.
More about Infini Resources Ltd.
Infini Resources Ltd. is an ASX-listed uranium exploration company focused on Canadian projects, including the flagship Portland Creek Uranium Project in Newfoundland and the Reynolds Lake and Reitenbach Lake projects in Saskatchewan. The company targets structurally controlled, hydrothermal uranium systems across large, district-scale landholdings in highly prospective geological corridors.
Average Trading Volume: 291,231
Technical Sentiment Signal: Hold
Current Market Cap: A$21.64M
For detailed information about I88 stock, go to TipRanks’ Stock Analysis page.