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INFINI RESOURCES LIMITED — Capital/Financing Update 2025
Dec 11, 2025
65087_rns_2025-12-11_a088b91b-71ef-4aa6-b160-0a5879308b00.pdf
Capital/Financing Update
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ASX Announcement Released 12 December 2025
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Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek
Phase 2 diamond drilling program successfully completed, with a total of 5,310 metres drilled across 17 drillholes at the Portland Creek Uranium Project in Newfoundland, Canada.
Drilling has returned visible uranium and elevated uranium values across multiple targets, supporting the interpretation of a potential district-scale, structurally controlled uranium system.[1]
Polymetallic pathfinders including molybdenum, zinc and copper were observed across several holes, reinforcing the potential for a large-scale polymetallic hydrothermal system.
First batch of drillhole assays, covering drillholes up to and including PCDD25-012, is expected within 4 weeks.
Airborne geophysics survey now underway, collecting time-domain electromagnetics (TDEM), magnetics and radiometrics across Infini’s expanded tenement footprint at Portland Creek.
Geophysics survey results are expected in Q1 CY2026 and will be integrated with drilling data to refine targets for a planned expanded 2026 exploration and drilling campaign.
Infini Resources Ltd (ASX: I88, “Infini” or the “Company”) is pleased to announce the successful completion of the Phase 2 diamond drilling program at the 100%-owned Portland Creek Uranium Project, located on the west coast of Newfoundland, Canada.
Portland Creek Phase 2 Drilling Program Completed
Phase 2 drilling has been completed for a total of 5,310 metres across 17 drillholes supported by favourable weather and strong operational performance. The program systematically tested 8 structural, geochemical and geophysical targets along a 6 km corridor defined by major fault structures, uranium-insoil anomalies, radiometric highs and airborne EM conductors.
Phase 2 drilling has confirmed visible uranium and elevated uranium spot pXRF values in multiple holes separated by over one kilometre, demonstrating potential for a multi-kilometre mineralised system. Furthermore, the presence of anomalous molybdenum, zinc and copper demonstrates that the mineralising system is polymetallic in nature, consistent with a fertile hydrothermal environment hosted within the structural corridor.
Geological teams have completed processing, sampling and dispatching of core from holes PCDD25007 through PCDD25-022. The first batch of drillhole assay results are expected from the commercial laboratories within 4 weeks.
1 Cautionary Statement: In relation to the disclosure of visual mineralisation, the Company cautions that visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analysis where concentrates or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. The presence of uranium minerals, including uraninite, is based on field observations and pXRF readings only. Refer to the Cautionary Statement.
Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek
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Figure 1: Phase 2 drillhole locations with logged visible uranium, demonstrating the emerging potential district-scale uranium system at Portland Creek.
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources 2
Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek
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Airborne Geophysical Survey Commenced
In parallel with the completion of drilling, Infini has commenced a helicopter-supported airborne geophysics program over the Portland Creek Project. The survey will acquire time-domain electromagnetic (TDEM), high-resolution magnetic and radiometric data across the Project’s expanded landholding, including the newly acquired claims. The airborne survey will comprise approximately 2,865 line-km flown using 100 m line spacing with orthogonal tie-lines at 40–65 m terrain-dependent altitude, utilising the Xcite™ TDEM system.
This dataset will provide detailed insight into subsurface structures, conductive corridors, lithological boundaries and potential extensions of the uranium-bearing systems intersected in drilling. The survey is expected to be completed in Q1 CY2026, with final processed results anticipated later in Q1 CY2026.
Integration of the airborne geophysics with drilling outcomes, structural mapping and geochemistry will directly inform the design of an expanded exploration and drilling campaign targeted in 2026.
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Figure 2: Overview of proposed flight path of airborne EM, magnetic and radiometric geophysics survey relative to anomalous radiometric data and Infini’s package of tenements at the Portland Creek Uranium Project.
Infini’s Chief Executive Officer, Rohan Bone, said: "The completion of the Phase 2 drilling program marks a major milestone for Infini. Over 5,000 metres drilled across 17 holes has delivered visible uranium, strong alteration, and encouraging polymetallic signatures over a strike length exceeding six kilometres. This reinforces our view that Portland Creek hosts a potential district-scale uranium system with numerous targets yet to be tested.
With drilling now completed and geophysics underway, we eagerly await the first batch of drillhole assays expected later this quarter. Combined with the airborne survey results expected in Q1 2026, these datasets will give us the clearest picture yet of the potential system and will guide planning for an expanded and more targeted drilling campaign in 2026.”
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources 3
Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek
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About Xcite™ TDEM
Xcite™ is a new generation of helicopter-borne time-domain electromagnetic (TDEM) systems developed by New Resolution Geophysics (NRG™). Axiom is an exclusive provider of this service in North America. This state-of-the-art technology provides an efficient alternative to prior TDEM technologies for mineral exploration. The system utilizes a patented inflatable transmitter loop with a diameter of approximately 20 meters, suspended about 30 meters below the helicopter. The Xcite™ system offers improved signal clarity, enabling the detection of subtle subsurface features. It features a programmable waveform with a fast turn-off time, allowing for flexibility in data acquisition and improved resolution of both shallow and deep targets.
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Figure 3: Configuration of Xcite[TM] TDEM survey system.
About the Magnetic System
The airborne magnetic data at Portland Creek is being acquired using the Scintrex CS-3 optically pumped cesium vapour magnetometer, integrated directly into the NRG Xcite™ helicopter-borne HTDEM system.
The CS-3 system provides high-sensitivity, high-frequency total magnetic field measurements with an absolute accuracy of ±0.1 nT and sampling up to 20 Hz. This configuration is specifically designed for close-terrain, high-resolution surveying at 40–65 m altitude, enabling detailed detection of fault zones, lithological contacts, magnetic lows associated with graphitic horizons, and alteration zones—all key features in structurally controlled uranium systems.
Processed magnetic products will include total magnetic intensity (TMI), first vertical derivatives, reducedto-pole (RTP) grids, susceptibility models and 3D inversions, enabling refinement of geological models and prioritisation of drill targets.
Cautionary Statements
The Company has defined the mineralisation in the field by using handheld pXRF technology to analysis drill samples in real time. This allows for immediate on-site decisions to be made to adjust drilling strategies.
While pXRF readings provide a useful indication of mineral content and approximate grades, they are not a substitute for laboratory-derived assay grades and will not be used in any resource estimation. All drill intercepts will be sent to an independent laboratory for accurate analysis, with assay results expected in the current quarter. Portable pXRF results reported are considered semi-quantitative, as such, results from pXRF analysis are stated as indicative only, provide confirmation that mineralisation is present however may not be representative of elemental concentration within the material sampled and are preliminary to subsequent confirmation (or otherwise) by geochemical laboratory analysis. Results of pXRF analyses are included in Appendix 2 for reference, and laboratory assays will be provided when
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources 4
Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek
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these become available.
Limitations include; very small analysis window, possible inhomogeneous distribution of mineralisation, analytical penetration depth, possible effects from irregular rock surfaces. Results are not considered to be entirely representative of the rock samples, as the analyses were made of what were interpreted to be areas on drill samples with potential to be uranium. The analyses were carried out on drill core specimens and not ground powders. The pXRF is calibrated periodically against prepared standards. The samples that are the subject of this report will be submitted for laboratory assay and some variation from the results presented herein should be expected. Caution should be exercised until the official assay laboratory results have been received.
While these preliminary results provide compelling evidence of high-grade mineralisation, the Company notes that assay confirmation remains pending and further exploration is required to determine the continuity and thickness of mineralised zones, which will be critical in defining the economic potential of the mineralisation.
The Company cautions that visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analysis where concentrates or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. The presence of uranium minerals, including uraninite, is based on field observations and scintillometer readings only. These indicators are preliminary in nature and should not be considered a substitute for laboratory analysis. The identification of uranium mineralisation remains conceptual until confirmed through geochemical assay and mineralogical reporting from accredited laboratories.
References
-
ASX Release, Infini Resources, Phase 2 Drilling at Portland Creek Set to Unlock High-Grade Uranium Targets , 28[th] July 2025.
-
ASX Release, Infini Resources, Extensive Downhole Uranium Intersected at Portland Creek , 9[th] October 2025.
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ASX Release, Infini Resources, Infini Expands Strategic Footprint at Portland Creek by 68%, 13[th] October 2025.
-
ASX Release, Infini Resources, Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes at Portland Creek , 21[st] November 2025.
[END]
Release authorised by the Chairman of Infini Resources Ltd.
Contacts
Rohan Bone Chief Executive Officer E: [email protected]
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
5
Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek
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About Portland Creek Uranium Project
The Portland Creek Uranium Project spans 251 km² and lies within the Precambrian Long-Range Complex of the Humber Tectonic-Stratigraphic Zone. The geology consists of metaquartzite and a suite of paragneisses, intruded by leucocratic granite, which are believed to have been thrust westward over Paleozoic carbonate-dominant sediments.
The project area covers a large regional uranium anomaly, first identified in the 1970’s through a Newfoundland government lake sediment sampling program. Originally, one uranium showing was recorded in the Newfoundland Mineral Deposit Index, reporting 2,180 ppm U ₃ O ₈ . A compilation of historic and recent exploration data has since delineated a 6 km zone of anomalous uranium and radon gas in lake sediments, soils and in an airborne radiometric survey. This anomaly closely follows a prominent fault scarp, marking the edge of a granitic plateau interpreted as a deep-seated fault.
Since listing, the Company has verified historical uranium anomalies and completed a soil sampling grid over the Falls Lake Prospect (formerly the Talus Prospect). This work defined a ~800 m x 100 m highgrade uranium anomaly, with a peak result of 74,997 ppm U ₃ O ₈ . This anomaly is located down-ice and west of a 1.5 km radiometric anomaly. Additionally, Infini has identified a southern 500 m-wide cluster of high-grade soil samples, which includes a peak of 1,500 ppm U ₃ O ₈ and lies 1.5 km from the recently completed Phase 2 drill program.
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Figure 4: Overview of prospective exploration areas at Portland Creek, demonstrating the occurrence of soil sampling grades up to 74,997 ppm U ₃ O ₈ , anomalous radiometric data and Infini’s package of tenements.
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources 6
Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek
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About Infini Resources Ltd (ASX: I88)
Infini Resources Ltd is an Australian energy metals company focused on mineral exploration in Canada and Western Australia for uranium and lithium. The company has a diversified and highly prospective portfolio of assets that includes greenfield and more advanced brownfield projects. The company’s mission is to increase shareholder wealth through exploration growth and mine development.
| JORC 2012 Mineral Resource Deposit |
JORC 2012 Classification |
Tonnes and Grade |
|---|---|---|
| Des Herbiers (U) | Inferred Combined Resource |
162 Mt @ 123ppm U3O8 (43.95mlb) |
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Figure 5: Overview of Infini's portfolio of projects and global footprint.
Competent Person & Compliance Statement
The information in this report that relates to exploration results for the Portland Creek Project is based on, and fairly represents, information and supporting documentation compiled and evaluated by Mark Couzens, Principal Geologist for the Company who is a Member of the AusIMM. Mr. Couzens has sufficient experience relevant to the style of mineralisation, type of deposit under consideration, and the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves (JORC Code). Mr. Couzens consents to the inclusion of the information in the form and context in which it appears. The information in the market announcement is an accurate representation of the available data and studies for the Portland Creek Project.
This announcement contains information on the Portland Creek Project extracted from ASX market announcements dated 10 January 2024, 15 January 2024, 29 January 2024, 19 February 2024, 28 May 2024, 1 July 2024, 10 July 2024, 22 July 2024, 14 October 2024, 23 December 2024, 26 March 2025, 4 July 2025, 14 July 2025, 28 July 2025, 30 July 2025, 3 September 2025, 11 September 2025, 9 October 2025, 13 October 2025 and 21 November reported in accordance with the 2012 edition of the “Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (JORC Code). The original market announcements are available to view on www.infiniresources.com.au and www.asx.com.au. The Company is not aware of any new information or data that materially affects the
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources 7
Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek
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information included in the original market announcement.
This report contains information regarding the Des Herbiers Mineral Resources Estimate extracted from the Company’s Prospectus dated 30 November 2023 and released to the ASX market announcements platform on 10 January 2024, reported in accordance with the 2012 edition of the “Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (JORC Code). The Company confirms that it is not aware of any new information or data that materially affects the information included in any original announcement and that all material assumptions and technical parameters underpinning the estimates in the original market announcement continue to apply and have not materially changed. The original market announcements are available to view on www.infiniresources.com.au and www.asx.com.au.
Forward Looking Statements
This announcement may contain certain forward-looking statements and projections. Such forward looking statements/projections are estimates for discussion purposes only and should not be relied upon. Forward looking statements/projections are inherently uncertain and may therefore differ materially from results ultimately achieved. Infini Resources Limited does not make any representations and provides no warranties concerning the accuracy of the projections and disclaims any obligation to update or revise any forward-looking statements/projects based on new information, future events or otherwise except to the extent required by applicable laws. While the information contained in this report has been prepared in good faith, neither Infini Resources Limited or any of its directors, officers, agents, employees or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this announcement.
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources 8
Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek
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Appendix 1: Phase 2 completed drillhole details
Table 1: Details of completed drillholes to date at the Portland Creek Phase 2 drilling program.
| Hole | UTM East | UTM North | UTM Elevation (m) | Azimuth | Dip | Length (m) |
|---|---|---|---|---|---|---|
| PCDD25-007 | 470745 | 5559555 | 131 | 160 | -45 | 130 |
| PCDD25-008 | 470730 | 5559405 | 128 | 320 | -45 | 200 |
| PCDD25-009A | 470740 | 5559787 | 132 | 184 | -45 | 317 |
| PCDD25-010 | 470291 | 5557916 | 123 | 170 | -45 | 263 |
| PCDD25-011A | 470291 | 5557915 | 123 | 170 | -65 | 161 |
| PCDD25-012 | 470461 | 5557972 | 123 | 170 | -45 | 350 |
| PCDD25-013 | 470635 | 5558966 | 128 | 340 | -45 | 221 |
| PCDD25-014 | 470462 | 5558025 | 131 | 170 | -45 | 446 |
| PCDD25-015 | 470488 | 5556666 | 118 | 170 | -45 | 332 |
| PCDD25-016 | 470515 | 5558036 | 133 | 170 | -45 | 425 |
| PCDD25-017 | 470699 | 5557873 | 135 | 327 | -45 | 491 |
| PCDD25-018 | 470718 | 5558182 | 131 | 3 | -45 | 251 |
| PCDD25-019 | 470808 | 5558973 | 127 | 106 | -60 | 323 |
| PCDD25-020 | 470701 | 5559211 | 133 | 35 | -55 | 314 |
| PCDD25-021 | 470727 | 5559029 | 125 | 120 | -60 | 380 |
| PCDD25-022 | 470888 | 5557033 | 118 | 180 | -45 | 320 |
| PCDD25-023 | 470898 | 5557131 | 123 | 350 | -50 | 386 |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources 9
Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek
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Appendix 2: Significant mineralisation detected using spot pXRF
Table 2: Overview of significant mineralisation (U >600 ppm, Mo > 0.2%, Ti > 10%, Cu > 0.1%, Zn > 0.1%) detected using spot pXRF at the Portland Creek Phase 2 drilling program. Depths are indicative only based on drill blocks for PCDD25-011A and PCDD25-019 with no geotechnical work completed yet.
| Hole ID | UTM East | UTM North | UTM Elevation (m) | Azimuth | Dip | Depth (m) | Mineralisation (%) | Description |
|---|---|---|---|---|---|---|---|---|
| PCDD25-007 | 470752 | 5559564 | 131 | 160 | -45 | No significant pXRF mineralisation values | ||
| PCDD25-008 | 470730 | 5559405 | 128 | 320 | -45 | 175.5 | 14.4% Ti | Cavity Fill |
| PCDD25-009A | 470740 | 5559787 | 132 | 184 | -45 | 153.5 | 2.38% Mo | Vein + Blebs |
| PCDD25-010 | 470290 | 5557910 | 123 | 170 | -45 | 39.5 | 1,200ppm U | Blebs |
| 80.0 | 0.28% Mo | Fracture Fill | ||||||
| 160.0 | 650ppm U | Blebs | ||||||
| PCDD25-011A | 470290 | 5557910 | 123 | 170 | -65 | 9.0 | 600ppm U | Fracture Fill |
| PCDD25-012 | 470459 | 5557965 | 123 | 170 | -45 | 28.0 | 3,200ppm U | Fracture Fill |
| 54.0 | 1,400ppm U | Fracture Fill | ||||||
| 62.0 | 2,800ppm U | Joint Surface | ||||||
| 69.0 | 1,200ppm U | Fracture Fill | ||||||
| 70.6 | 1,000ppm U | Fracture Fill | ||||||
| 107.0 | 1,000ppm U | Fracture Fill | ||||||
| 110.0 | 1,200ppm U | Fracture Fill | ||||||
| 121.0 | 2,000ppm U | Fracture Fill |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources 10
Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek
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| Hole ID | UTM East | UTM North | UTM Elevation (m) | Azimuth | Dip | Depth (m) | Mineralisation (%) | Description |
|---|---|---|---|---|---|---|---|---|
| PCDD25-012 | 470459 | 5557965 | 123 | 170 | -45 | 121.2 | 2,500ppm U | Fracture Fill |
| 124.0 | 1,600ppm U | Fracture Fill | ||||||
| 130.0 | 2,000ppm U | Fracture Fill | ||||||
| 133.0 | 1,500ppm U | Fracture Fill | ||||||
| 144.0 | 1,000ppm U | Fracture Fill | ||||||
| 158.0 | 1,000 ppm U | Joint Surface | ||||||
| 175.0 | 6,600ppm U | Fracture Fill | ||||||
| 179.5 | 2,500 ppm U | Joint Surface | ||||||
| 196.0 | 2,300 ppm U | Fracture Fill | ||||||
| 199.0 | 1,100 ppm U | Fracture Fill | ||||||
| 203.0 | 1,000 ppm U | Joint Surface | ||||||
| 219.0 | 2,300 ppm U | Joint Surface | ||||||
| 255.0 | 3,600 ppm U | Cavity Fill | ||||||
| 270.0 | 12,000 ppm U | Joint Surface | ||||||
| 289.0 | 11,700 ppm U | Fracture Fill | ||||||
| 295.5 | 3,400 ppm U | Fracture Fill | ||||||
| 306.0 | 1,000 ppm U | Joint Surface | ||||||
| 312.0 | 4,200 ppm U | Fracture Zone | ||||||
| 315.0 | 1,100 ppm U | Micro-fracture | ||||||
| 319.5 | 2,000 ppm U | Fracture Surface | ||||||
| 350.0 | 2,900 ppm U | Fracture Fill |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources 11
Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek
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| Hole ID | UTM East | UTM North | UTM Elevation (m) | Azimuth | Dip | Depth (m) | Mineralisation (%) | Description |
|---|---|---|---|---|---|---|---|---|
| PCDD25-013 | 470635 | 5558966 | 128 | 340 | -45 | 220.0 | 1,900 ppm U | Joint Surface |
| 220.5 | 1,500 ppm U | Joint Surface | ||||||
| PCDD25-014 | 470462 | 5558025 | 131 | 170 | -45 | 28.0 | 4,700 ppm U | Joint Surface |
| 35.0 | 1,200 ppm U | Joint Surface | ||||||
| 40.0 | 6,500 ppm U | Fracture Fill | ||||||
| PCDD25-015 | 470488 | 5556666 | 118 | 170 | -45 | 109.5 | 2,000 ppm U | Joint Surface |
| 181.0 | 1,000 ppm U | Joint Surface | ||||||
| 184.0 | 1,000 ppm U | Joint Surface | ||||||
| 196.0 | 1,000 ppm U | Joint Surface | ||||||
| 197.0 | 1,000 ppm U | Joint Surface | ||||||
| 204.0 | 1,000 ppm U | Joint Surface | ||||||
| 220.0 | 1,000 ppm U | Joint Surface | ||||||
| 223.0 | 1,600 ppm U | Joint Surface | ||||||
| 265.0 | 1,000 ppm U | Joint Surface | ||||||
| 266.0 | 1,000 ppm U | Joint Surface | ||||||
| PCDD25-016 | 470515 | 5558036 | 133 | 170 | -45 | 17.0 | 3,000 ppm U | Joint Surface |
| 22.5 | 4,000 ppm U | Fracture Fill | ||||||
| 37.0 | 3,700 ppm U | Fracture Fill | ||||||
| 39.0 | 2,500 ppm U | Fracture Fill | ||||||
| 40.0 | 2,000 ppm U | Joint Surface | ||||||
| 43.0 | 2,500 ppm U | Joint Surface | ||||||
| 44.0 | 2,000 ppm U | Joint Surface |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
12
Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek
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| Hole ID | UTM East | UTM North | UTM Elevation (m) | Azimuth | Dip | Depth (m) | Mineralisation (%) | Description |
|---|---|---|---|---|---|---|---|---|
| PCDD25-016 | 470515 | 5558036 | 133 | 170 | -45 | 49.0 | 1,000 ppm U | Joint Surface |
| 50.0 | 3,000 ppm U | Fracture Fill | ||||||
| 63.0 | 1,500 ppm U | Joint Surface | ||||||
| 69,0 | 3,000 ppm U | Joint Surface | ||||||
| 72.0 | 3,300 ppm U | Fracture Fill | ||||||
| 76.5 | 1,000 ppm U | Fracture Fill | ||||||
| 83.0 | 1,200 ppm U | Joint Surface | ||||||
| 84,5 | 1,300 ppm U | Joint Surface | ||||||
| 91.0 | 1,500 ppm U | Fracture Fill | ||||||
| 95.0 | 1,200 ppm U | Fracture Fill | ||||||
| 114.0 | 1,000 ppm U | Fracture Fill | ||||||
| 120.0 | 4,000 ppm U | Fracture Fill | ||||||
| 121.0 | 2,000 ppm U | Fracture Fill | ||||||
| 131.5 | 1,000 ppm U | Fracture Fill | ||||||
| 136.0 | 1,000 ppm U | Fracture Fill | ||||||
| 146.0 | 1,000 ppm U | Breccia Hosted | ||||||
| 229.0 | 2,500 ppm U | Bleb | ||||||
| 241.0 | 1,500 ppm U | Fracture Fill | ||||||
| 318.0 | 2,500 ppm U | Joint Surface | ||||||
| 334.0 | 1,000 ppm U | Joint Surface | ||||||
| 354.0 | 1,000 ppm U | Fracture Fill | ||||||
| 407.0 | 2,800 ppm U | Bleb |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources 13
Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek
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| Hole ID | UTM East | UTM North | UTM Elevation (m) | Azimuth | Dip | Depth (m) | Mineralisation (%) | Description |
|---|---|---|---|---|---|---|---|---|
| PCDD25-016 | 470515 | 5558036 | 133 | 170 | -45 | 419.5 | 1,500 ppm U | Fracture Fill |
| PCDD25-017 | 470699 | 5557873 | 135 | 327 | -45 | 306.0 | 700 ppm U | Joint Surface |
| 318.0 | 1,400 ppm U | Joint Surface | ||||||
| 319.5 | 800 ppm U | Joint Surface | ||||||
| 477.5 | 800 ppm U | Joint Surface | ||||||
| PCDD25-018 | 470721 | 5558178 | 131 | 3 | -45 | 51.0 | 1,100 ppm U | Joint Surface |
| 57.5 | 1,350 ppm U | Joint Surface | ||||||
| 126.0 | 1,200 ppm U | Joint Surface | ||||||
| 187.0 | 1.5% Mo | Joint Surface | ||||||
| PCDD25-019 | 470813 | 5558967 | 127 | 106 | -60 | 15.0 | 1,000 ppm U | Joint Surface |
| 16.0 | 5,500 ppm U | Joint Surface | ||||||
| 18.0 | 1,500 ppm U | Joint Surface | ||||||
| 42.0 | 2,000 ppm U | Joint Surface | ||||||
| 43.5 | 1,400 ppm U | Fracture Fill | ||||||
| 99.5 | 1,300 ppm U | Fracture Fill | ||||||
| 112.0 | 0.8% Zn | Fracture Fill | ||||||
| 114.0 | 800 ppm U | Joint Surface | ||||||
| 0.15% Cu | Joint Surface | |||||||
| 157.0 | 2,000 ppm U | Joint Surface | ||||||
| 162.0 | 1,800 ppm U | Joint Surface | ||||||
| 0.36% Zn | Joint Surface | |||||||
| 177.5 | 1,100 ppm U | Joint Surface |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources 14
Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek
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| Hole ID | UTM East | UTM North | UTM Elevation (m) | Azimuth | Dip | Depth (m) | Mineralisation (%) | Description |
|---|---|---|---|---|---|---|---|---|
| PCDD25-019 | 470813 | 5558967 | 127 | 106 | -60 | 198.5 | 2,100 ppm U | Joint Surface |
| 199.0 | 3,000 ppm U | Joint Surface | ||||||
| 215.0 | 3,100 ppm U | Fracture Fill | ||||||
| 266.0 | 1,300 ppm Zn | Joint Surface | ||||||
| 304.5 | 600 ppm U | Joint Surface | ||||||
| 320.5 | 950 ppm U | Joint Surface | ||||||
| 322.0 | 1,000 ppm U | Joint Surface | ||||||
| PCDD25-020 | 470701 | 5559211 | 133 | 35 | -55 | 53.0 | 1,000 ppm U | Joint Surface |
| 64.0 | 1,300 ppm U | Joint Surface | ||||||
| 82.0 | 3,100 ppm U | Joint Surface | ||||||
| 144.0 | 1,400 ppm U | Joint Surface | ||||||
| PCDD25-021 | 470727 | 5559029 | 125 | 120 | -60 | No significant pXRF mineralisation values | ||
| PCDD25-022 | 470888 | 5557033 | 118 | 180 | -45 | No significant pXRF mineralisation values | ||
| PCDD25-023 | 470898 | 5557131 | 123 | 350 | -50 | No significant pXRF mineralisation values |
Note: Refer Cautionary Statement on page 4.
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources 15
Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek
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JORC Code, 2012 Edition – Table 1
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Sampling techniques |
• Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. • In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information. |
• Details of Infini’s soil sampling and historic lake sediment sampling have been reported previously (ASX 1stJuly 2024 & 10thJuly 2024). • Drill core was tested using a RS-125 scintillometer over each tray of core to get a representative value for the amount of radiation it contains. Random high scintillometer values were then tested using a portable XL3t gold+ XRF device set on Test All Geo mode (60 second duration) to confirm the tenor of any uranium mineralisation detected and to confirm that it is in fact uranium and not other radioactive elements such as thorium. • When high values for uranium were obtained two further XRF checks were done in this general area to confirm the grades detected and an average was recorded. Not all high uranium values have been recorded with the highest value for a given core tray was often used as a representative number. • Core is also analysed using a portable XRF (pXRF) at every meter marker. Where spot mineralisation exceeds 200 ppm the core is tested at 25 cm spacing in the preceding and following meter of core. |
| Drilling techniques |
• Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc.). |
• Details of Infini’s drilling have been reported previously (ASX 28thJuly 2025, 30thJuly 2025, 3rdSeptember 2025, 9th October 2025 and 21stNovember 2025). |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources 16
Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek
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| Criteria | JORC Code explanation | Commentary | |||
|---|---|---|---|---|---|
| • | Drilling is undertaken by one heli-transportable diamond | ||||
| drill rig. The core is NG gauge on a single 10m core tube. | |||||
| The core is oriented with a ACT III RD tool. | |||||
| Drill sample | • | Method of recording and assessing core and chip sample | • | Core recovery is based on depths assigned by the drillers | |
| recovery | recoveries and results assessed. | and measurement of core for that interval by Infini’s | |||
| • | Measures taken to maximise sample recovery and ensure | contractors and recorded in a spreadsheet. | |||
| representative nature of the samples. | • | Recovery is generally better than 95%, so no special | |||
| • | Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to |
measures are required. In areas with lower recovery, core loss was assigned to the intervals with broken and faulted |
|||
| preferential loss/gain of fine/coarse material. | core. | ||||
| • | No relationship between sample recovery and grade was | ||||
| established. | |||||
| Logging | • | Whether core and chip samples have been geologically and | • | Core is being visually logged, which is qualitative in nature. | |
| • | geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. |
• • |
All core is photographed and the imagery imported into an online database (Imago) Each hole is logged in its entirety |
||
| Core (or costean, channel, etc) photography. | |||||
| • | The total length and percentage of the relevant | ||||
| intersections logged. | |||||
| Sub-sampling | • | If core, whether cut or sawn and whether quarter, half or all | • | Core samples are cut in half with a core splitter. | |
| techniques and sample preparation |
• | core taken. If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. |
• • |
Each sample interval consists of one half of the cut NQ drill core. Each sample is bagged with a numbered tag. Prep-31 is |
|
| • | For all sample types, the nature, quality and | completed on each sample: | |||
| appropriateness of the sample preparation technique. | 1. | PUL-QC Pulverizing QC Test | |||
| • | Quality control procedures adopted for all sub-sampling | 2. | CRU-31 Fine crushing – 70% <2mm | ||
| stages to maximise representivity of samples. | 3. | SPL-21 Split sample – riffle splitter | |||
| 4. | PUL-31 Pulverize up to 250g 85% <75 µm |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
17
Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek
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| Criteria | JORC Code explanation | Commentary | ||
|---|---|---|---|---|
| • | Measures taken to ensure that the sampling is | • | Analysis is completed using ME-MS61L, with selective ME- | |
| representative of the in situ material collected, including for | MS61L for Pb isotopes. | |||
| instance results for field duplicate/second-half sampling. | • | ALS Global was the lab selected for analytical work. | ||
| • | Whether sample sizes are appropriate to the grain size of | |||
| the material being sampled. | ||||
| Quality of | • | The nature, quality and appropriateness of the assaying | • | At the start of each day the pXRF is calibration checked |
| assay data | and laboratory procedures used and whether the technique | and both a silica blank (blank) and uranium certified | ||
| and laboratory | is considered partial or total. | reference material analysed (CRM). Blanks and CRMs are | ||
| tests | • | For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the |
inserted every 30 samples, and a calibration check is completed. |
|
| analysis including instrument make and model, reading | • | Blanks and certified reference materials are inserted every | ||
| times, calibrations factors applied and their derivation, etc. | 30 samples, respectively. QAQC samples are reviewed for | |||
| • | Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) |
contamination or failure, defined as 3x SDV of the reference material with is ISO certified. |
||
| and whether acceptable levels of accuracy (i.e. lack of bias) | • | Samples of core from the drilling program are submitted to | ||
| and precision have been established. | ALS Global for trace element assays, in line with ALS | |||
| Global’s QA/QC processes. | ||||
| Verification of | • | The verification of significant intersections by either | • | Verification of encountered intersections is conducted by |
| sampling and | independent or alternative company personnel. | Infini Resources’ Exploration Manager. | ||
| assaying | • | The use of twinned holes. | • | Data collected is completed using a logging program MX |
| • • |
Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. Discuss any adjustment to assay data. |
• | Deposit. Logs are uploaded each evening and stored on a cloud server. Internal data checks and quality control are built into the logging software to ensure no gaps or incorrect coding was used. pXRF measurements are taken to indicate any uranium |
|
| mineralisation from a spot sample as an indicator only with | ||||
| core assays confirming the true amount of any uranium | ||||
| mineralisation. | ||||
| Location of | • | Accuracy and quality of surveys used to locate drill holes | • | All drillhole and sample co-ordinates relate to NAD83 UTM |
| data points | (collar and down-hole surveys), trenches, mine workings | Zone 21N. | ||
| and other locations used in Mineral Resource estimation. |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources 18
Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek
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| Criteria | JORC Code explanation | Commentary | ||
|---|---|---|---|---|
| • | Specification of the grid system used. | • | Collar and soil sample locations are surveyed using | |
| • | Quality and adequacy of topographic control. | handheld GPS. | ||
| • | LIDAR data flown by Infini are used to establish collar RL | |||
| Data spacing | • | Data spacing for reporting of Exploration Results. | • | Soil sample spacing is considered appropriate at this stage |
| and distribution |
• | Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity |
• | of exploration Drillhole collar spacing is designed to intersect the source |
| appropriate for the Mineral Resource and Ore Reserve | of anomalous uranium in soil and not determine a resource | |||
| estimation procedure(s) and classifications applied. | estimate. | |||
| • | Whether sample compositing has been applied. | • | Not applicable as no Mineral Resource and Ore Reserves | |
| are reported. | ||||
| • | No sample compositing has been applied. | |||
| Orientation of | • | Whether the orientation of sampling achieves unbiased | • | Drilling has been oriented perpendicular to the interpreted |
| data in relation | sampling of possible structures and the extent to which this | geological structures inferred from UAV magnetics. | ||
| to geological structure |
• | is known, considering the deposit type. If the relationship between the drilling orientation and the |
• | Relationship between drilling orientation and mineralised structures is currently unknown. |
| orientation of key mineralised structures is considered to | ||||
| have introduced a sampling bias, this should be assessed | ||||
| and reported if material. | ||||
| Sample | • | The measures taken to ensure sample security. | • | NQ drill core Is transported by helicopter from the drill site to |
| security | the core logging facility. All drill core is logged, photographed | |||
| and the altered intervals are tagged for sampling. The core | ||||
| is then split. Groups of samples are sealed in large bags with | ||||
| lab security tags attached to maintain a chain of custody. | ||||
| Samples are stored in a locked facility and shipped using a | ||||
| bonded courier. All sample preparation and analysis will be | ||||
| performed by ALS Laboratories in Vancouver, BC. | ||||
| Audits or | • | The results of any audits or reviews of sampling techniques | • | None carried out to date. |
| reviews | and data. |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
19
Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek
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Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
| Criteria | JORC Code explanation | Commentary | ||
|---|---|---|---|---|
| Mineral | • | Type, reference name/number, location and ownership | • | The Falls Lake prospect is located on 036683M and |
| tenement and | including agreements or material issues with third parties | 036684M. | ||
| land tenure status |
such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. |
• | The Portland Creek uranium project comprises eleven mineral claims (036683M, 036684M, 036685M, 037492M, 037490M, 037496M, 037495M, 039752M, 039753M, |
|
| • | The security of the tenure held at the time of reporting along | 039754M and 039755M). The company first staked the | ||
| with any known impediments to obtaining a licence to | project in 2023/24 before expanding the footprint in October | |||
| operate in the area. | 2025 (100% ownership) and is not aware of any royalties | |||
| existing on the claims or impediments to obtaining a license | ||||
| to operate in the area. | ||||
| • | The claims are currently live and in good standing. | |||
| Exploration | • | Acknowledgment and appraisal of exploration by other | • | Exploration between 1976 and 1980 was carried out by the |
| done by other | parties. | Conwest Canadian Uranium Exploration JV. Work included | ||
| parties | radon gas (Track Etch) sampling, a ground scintillometer | |||
| survey, and VLF-EM and ground magnetic surveys. Follow- | ||||
| up drilling using a portable “Pionjar” drill capable of drilling | ||||
| to 8 m depth identified a small, high grade uranium anomaly | ||||
| (so-called “loam deposit”). Only very sparse details survive | ||||
| on this drilling program with no assay results or location | ||||
| data. Five diamond holes were drilled. Partial results have | ||||
| been found for only one of these, which reported | ||||
| unmineralised granite. | ||||
| • | Subsequent exploration in 2007 included an airborne | |||
| IMPULSE EM, magnetic and radiometric survey flown on | ||||
| behalf of Ucore Uranium Inc. and collection of 8 rock | ||||
| samples. The property was abandoned shortly after. | ||||
| Geology | • | Deposit type, geological setting and style of mineralisation. | • | The target uranium deposit type is likely to be shear-zone |
| hosted (albitite-type) hosted in altered granite. |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
20
Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek
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-
Criteria JORC Code explanation Commentary
-
Drill hole • A summary of all information material to the understanding • Locations and results of most holes drilled by the Conwest Information of the exploration results including a tabulation of the JV are unknown. The limited historical exploration records following information for all Material drill holes: are publicly available in the Government of Newfoundland
-
• easting and northing of the drill hole collar and Labrador’s GeoScience OnLine system under the report IDs: 012I/03/0125 and NFLD/3082.
-
elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar
-
All drill hole collar locations and mineralised intercepts have been reported in this report for all holes completed to date.
-
• No relevant data has been excluded from this report.
-
dip and azimuth of the hole
| • down hole length and interception depth • hole length. • If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case. |
• |
Drill hole details: |
Drill hole details: |
p. | |||
|---|---|---|---|---|---|---|---|
| Hole | UTM East |
UTM North |
UTM Elevation (m) |
Azi- muth |
Dip | Length (m) |
|
| PCDD 25-007 |
470745 | 5559555 | 131 | 160 | -45 | 130 | |
| PCDD 25-008 |
470730 | 5559405 | 128 | 320 | -45 | 200 | |
| PCDD 25- 009A |
470740 | 5559787 | 132 | 184 | -45 | 317 | |
| PCDD 25-010 |
470291 | 5557916 | 123 | 170 | -45 | 263 | |
| PCDD 25- 011A |
470291 | 5557915 | 123 | 170 | -65 | 161 | |
| PCDD 25-012 |
470461 | 5557972 | 123 | 170 | -45 | 350 | |
| PCDD 25-013 |
470635 | 5558966 | 128 | 340 | -45 | 221 | |
| PCDD 25-014 |
470462 | 5558025 | 131 | 170 | -45 | 446 | |
| PCDD 25-015 |
470488 | 5556666 | 118 | 170 | -45 | 332 |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
21
Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek
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| Criteria JORC Code explanation |
Commentary | Commentary | Commentary | |||||
|---|---|---|---|---|---|---|---|---|
| PCDD 25-016 |
470515 | 5558036 | 133 | 170 | -45 | 425 | ||
| PCDD 25-017 |
4706700 | 5557873 | 135 | 327 | -45 | 491 | ||
| PCDD 25-018 |
470718 | 5558182 | 131 | 3 | -45 | 251 | ||
| PCDD 25-019 |
470808 | 5558973 | 127 | 106 | -60 | 323 | ||
| PCDD 25-020 |
470701 | 5559211 | 133 | 35 | -55 | 314 | ||
| PCDD 25-021 |
470727 | 5559029 | 125 | 120 | -60 | 380 | ||
| PCDD 25-022 |
470888 | 5557033 | 118 | 180 | -45 | 320 | ||
| PCDD 25-023 |
470898 | 5557131 | 123 | 350 | -50 | 386 | ||
| Data aggregation methods • In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated. • Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. • The assumptions used for any reporting of metal equivalent values should be clearly stated. |
• |
No aggregation methods have not yet received. |
been used as assay data |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
22
Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek
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| Criteria | JORC Code explanation | Commentary | ||
|---|---|---|---|---|
| Relationship | • | These relationships are particularly important in the | • | Only downhole lengths are reported. |
| between | reporting of Exploration Results. | • | Insufficient intersections have been made thus far to | |
| mineralisation widths and intercept lengths |
• • |
If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg |
• | establish a relationship between mineralisation widths and intercept lengths. Geometry of target mineralisation has not been verified. |
| ‘down hole length, true width not known’). | ||||
| Diagrams | • | Appropriate maps and sections (with scales) and tabulations | • | Appropriate diagrams are included in the main body of this |
| of intercepts should be included for any significant discovery | report. No significant discovery is being reported. | |||
| being reported These should include, but not be limited to a | ||||
| plan view of drill hole collar locations and appropriate | ||||
| sectional views. | ||||
| Balanced | • | Where comprehensive reporting of all Exploration Results is | • | Reporting of all geochemical results is considered balanced |
| reporting | not practicable, representative reporting of both low and | with results of both low and high analytes reported. | ||
| high grades and/or widths should be practiced to avoid | ||||
| misleading reporting of Exploration Results. | ||||
| Other | • | Other exploration data, if meaningful and material, should | • | No meaningful and material exploration data has been |
| substantive | be reported including (but not limited to): geological | excluded from this report. | ||
| exploration | observations; geophysical survey results; geochemical | |||
| data | survey results; bulk samples – size and method of | |||
| treatment; metallurgical test results; bulk density, | ||||
| groundwater, geotechnical and rock characteristics; | ||||
| potential deleterious or contaminating substances. | ||||
| Further work | • | The nature and scale of planned further work (e.g. tests for | • | Drilling will continue testing the 12 exploration targets, with |
| lateral extensions or depth extensions or large-scale step- | future holes aimed at identifying presence of uranium | |||
| out drilling). | mineralisation within the exploration targets. | |||
| • | Diagrams clearly highlighting the areas of possible | • | Planned hole locations have been provided in the ASX | |
| extensions, including the main geological interpretations and | announcement dated 28thJuly 2025. | |||
| future drilling areas, provided this information is not | ||||
| commercially sensitive. |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
23