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Infini Resources Limited (ASX:I88)

ALERT: Price-sensitive ASX Announcement for I88
Current share price for I88 : $0.100 -0.08 (-44.44%)+
Announcement
Release
24 Apr 2026 8:12AM
Price at Release
$0.180
Full Release
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Summary
Infini Resources Limited announced that they have been granted drill permits for a maiden diamond drilling program at the Reynolds and Reitenbach Lake Uranium Projects on the eastern margins of the Athabasca Basin in northern Saskatchewan, Canada. This marks a key milestone for the company as they prepare to systematically test high-priority uranium targets, with a minimum of 2,500 meters of drilling planned. The drilling will explore areas identified through 2025 exploration programs that showed high-grade uranium mineralisation, particularly at the Titus Prospect. The projects, comprising 22 mineral claims over 766 km², are set in a geological environment conducive to hosting significant uranium deposits.
Key Points
  • Drill permits granted for maiden diamond drilling program at Reynolds & Reitenbach Lake Uranium Projects.
  • Minimum 2,500m drilling to test high-priority uranium targets.
  • High-grade uranium mineralisation identified at the Titus Prospect.
  • Projects cover a total of 766 km² on the eastern margin of the Athabasca Basin.
  • First drill testing of an underexplored area prospective for uranium systems.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.