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Infini Resources Limited (ASX:I88)

ALERT: Price-sensitive ASX Announcement for I88
Current share price for I88 : $0.110 -0.005 (-4.35%)+
Announcement
Release
12 Aug 2026 8:18AM
Price at Release
$0.115
Full Release
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Summary
Infini Resources Ltd has completed its first-ever diamond drilling program at the Reynolds Lake and Reitenbach Lake uranium projects, located on the eastern margin of the Athabasca Basin. This involves 16 drill holes totaling 3,314 meters, aimed at testing the company's exploration model. The projects target graphitic horizons and structurally complex zones, known to be prospective for uranium mineralization. The outcomes are expected to shape subsequent exploration strategies and potential Phase 2 drilling. These initiatives underline Infini's commitment to leveraging its Canadian uranium portfolio, enhancing its potential in the energy metals sector.
Key Points
  • Infini Resources Ltd has completed its first diamond drilling program at Reynolds Lake and Reitenbach Lake.
  • The projects are on the eastern margin of the Athabasca Basin, known for high-grade uranium deposits.
  • 16 drill holes were completed, providing data on graphitic horizons, brittle structures, and hydrothermal alteration.
  • The exploration targeted areas with coinciding mineralization vectors such as EM conductors and magnetic lows.
  • Results from the drilling program will guide further exploration activities and potential Phase 2 drilling.
  • The projects cover 767 km² and are believed to host uranium systems similar to those at Eagle Point and Rabbit Lake.
  • Infini Resources is focused on increasing shareholder wealth through exploration and development of uranium and lithium projects.
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.