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Infini Resources Limited (ASX:I88)

ALERT: Price-sensitive ASX Announcement for I88
Current share price for I88 : $0.135 -0.055 (-28.95%)+
Announcement
Release
30 Apr 2026 1:42PM
Price at Release
$0.190
Full Release
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Summary
Infini Resources Limited, an Australian energy metals company, provided a quarterly update on their activities and financials for the period ending 31 March 2026. The company focused on exploration at its Portland Creek Uranium Project in Newfoundland, where Phase 2 drilling confirmed uranium mineralisation. Financially, the company reported an operating cash outflow of $415,000, with substantial funds allocated to exploration and evaluation. At the quarter's end, Infini Resources had $8.28 million in cash. They plan further geophysical surveys and fieldwork in the next quarter to enhance exploration efforts.
Key Points
  • Infini Resources Limited reported on their exploration activities and financials for the quarter ending 31 March 2026.
  • The company conducted a Phase 2 diamond drilling program at the Portland Creek Uranium Project in Newfoundland, confirming the presence of uranium mineralisation.
  • Infini Resources’ cash flow statement revealed operating cash outflows of $415,000 for the quarter, with significant expenditures on exploration and evaluation.
  • The company reported cash and cash equivalents of $8.28 million at the end of the quarter.
  • Infini Resources plans to conduct a project-wide airborne geophysical survey and follow-up field program at Portland Creek in Q2 2026.
  • The Appendix 5B cash flow report provides detailed financial information including net cash used in operating and investing activities, and financing activities.
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.