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INFINI RESOURCES LIMITED — Capital/Financing Update 2025
Nov 20, 2025
65087_rns_2025-11-20_b82c40fa-feae-4c8f-8af6-c3298fa6b872.pdf
Capital/Financing Update
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ASX Announcement Released 21 November 2025
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Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes at Portland Creek
Visible uranium and elevated uranium values intersected across multiple holes over a kilometre apart, including uraninite-bearing fractures and spot pXRF readings up to 5,500 ppm U in PCDD25-019 and 6,600 ppm U in PCDD25-014[1] .
Combined with the high-grade uranium previously reported in PCDD25-012, including up to 1.20% U using pXRF[1] , the emerging trend of widespread uranium mineralisation at shallow depths strongly supports the interpretation of a large, structurally controlled uranium system with district-scale potential.
To date the program has drilled 3,910m, representing partial drill-testing of 5 out of 12 priority targets within a >6km corridor of uranium-in-soil anomalies (up to 74,997 ppm U ₃ O ₈ ), associated with prominent faults, with drilling activities ongoing.
Planning underway for an airborne geophysical survey (Magnetics, Time-Domain EM and Radiometrics) across the existing and newly acquired tenements, scheduled for late Q4 CY2025 or Q1 CY2026, to further refine structural and lithological targeting.
Drilling expected to continue until early December 2025, assays for samples up to and including PCDD25-012 expected in Q4 2025.
Planning underway for an expanded 2026 drill campaign to further evaluate existing and newly defined structural targets and mineralised corridors.
Infini Resources Ltd (ASX: I88, “Infini” or the “Company”) is pleased to provide an update on the ongoing Phase 2 diamond drilling program at its flagship Portland Creek Uranium Project in Newfoundland, Canada. Favourable weather conditions and strong operational performance have enabled the Company to significantly expand drilling activity beyond the originally planned 2,500 drill metre program, with a total of 3,910 metres drilled to date across multiple high-priority targets.
The expanded program has allowed Infini to systematically test structural, geochemical and geophysical anomalies within a 6-kilometre corridor defined by uranium-in-soil anomalies, radiometric highs and airborne EM conductors. Drilling has now intersected visible uranium minerals and elevated uranium values across several targets separated by kilometres, providing compelling evidence for a potential district-scale, structurally-controlled uranium system.
1 Cautionary Statement: Portable XRF (pXRF) readings cited in this release are qualitative spot measurements and should not be considered equivalent to laboratory assay results. pXRF values are subject to variability due to sample heterogeneity, surface effects and instrument limitations. They are intended only as an indication of elemental presence and relative abundance and are not representative of bulk grade or mineralisation. Definitive results will be confirmed through laboratory assays. 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.
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
1
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes at Portland Creek
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In parallel, the Company continues to observe polymetallic signatures across several holes, including zinc, copper, molybdenum and titanium enrichment associated with hydrothermal alteration zones, highlighting the potential for a large-scale polymetallic uranium system at Portland Creek.
The Company remains encouraged by the indications of a large mineralised system encountered to date and looks forward to reporting further progress as Phase 2 drilling continues into early December 2025 and the first batch of assays is received, expected later in Q4 CY2025.
Infini’s Chief Executive Officer, Rohan Bone, said: "The Phase 2 drilling program at Portland Creek continues to surpass our expectations. We are now seeing visible uranium and elevated U readings across multiple targets over a kilometre apart, demonstrating the potential scale of this emerging district. The additional presence of zinc, copper and molybdenum further reinforces the potential for a significant polymetallic uranium system. With nearly 4,000 metres drilled already and several high-priority structures still to be tested, Portland Creek is quickly shaping into one of the most compelling early-stage uranium projects in Canada.”
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Figure 1: Visible uranium observed in PCDD25-014 (470462E, 5558025N, UTM Zone 21) at a drillhole depth of 28.0m.
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
2
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes at Portland Creek
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Figure 2: Phase 2 drillhole locations with logged visible uranium, demonstrating the emerging potential district-scale uranium system at Portland Creek.
Favourable weather conditions have allowed Infini to continue advancing the Phase 2 diamond drilling program at Portland Creek with minimal interruption, enabling the Company to significantly expand drilling beyond the original 2,500 m plan. As at the date of this announcement, a total of 3,910 m has been drilled across holes PCDD25-013 to PCDD25-019, efficiently testing multiple high-priority structural, geochemical and geophysical targets within a ~6 km corridor of uranium-in-soil anomalies, radiometric highs and EM structures.
The program has been delivered with high operational efficiency, controlled aviation hours, and limited downtime. The expanded drill coverage has enabled Infini to test a wide variety of structural domains and geological settings greatly enhancing the Company’s understanding of the controls on mineralisation across the broader Portland Creek system.
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources 3
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes at Portland Creek
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Visible uranium detected in multiple areas and target areas[1]
Phase 2 drilling continues to confirm the widespread presence of uranium mineralisation across multiple targets separated by kilometres, reinforcing the potential for a district-scale uranium system at Portland Creek.
Drillholes completed during this period have intersected visible uranium in several locations:
-
PCDD25-019 – Recorded visible uraninite at 16 m, 42 m and 215 m, with portable XRF[1] values up to 5,500 ppm U and fracture-hosted zones consistently returning 1,000–1,500 ppm U (Figure 3).
-
PCDD25-016 – Intersected multiple uranium-bearing fracture zones with peak pXRF[1] values of 2,500–4,000 ppm U within a faulted corridor from 139–151 m. Visible uranium was also identified at 407 m with pXRF[1] values up to 2,800 ppm U, confirming mineralisation persists at depth within the structural system (Figure 4).
-
PCDD25-014 – Intersected visible uranium at 28 m, with pXRF[1] spot readings of 4,700 ppm U, hosted within a brecciated and hematite-altered interval near surface (Figure 4).
Refer to Appendix 2 for further details regarding significant intercepts of uranium and critical mineral mineralisation.
The findings within these intersections are a significant outcome due to the mineralised zones occurring within structurally distinct corridors, which are separated by more than 1 km, indicating uranium-bearing fluids have circulated throughout a broad, multi-kilometre system rather than being confined to a single prospect.
Combined with the high-grade uranium previously reported in PCDD25-012, including up to 1.20% U using pXRF[1] , the emerging trend of widespread uranium mineralisation at shallow depths continues to supports the interpretation of a large, structurally controlled uranium system with district-scale potential.
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, pXRF 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. Refer to Cautionary Statement on page 8.
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
4
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes at Portland Creek
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Figure 3: Drill core from PCDD25-019 (470813E, 5558967N, UTM Zone 21) demonstrating uraninite mineralisation in fractures.
a) From 16.0m showing up to 5,500 ppm U with pXRF[1] .
b) From 42.0m showing up to 2,000 ppm U with pXRF[1] .
- c) From 215.0m showing up to 3,100 ppm U with pXRF[1] .
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
5
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes at Portland Creek
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Figure 4: Drill core from PCDD25-014 (470462E, 5558025N, UTM Zone 21) and PCDD25-016 (470515E, 5558036N, UTM Zone 21) demonstrating significant mineralisation of Zn, Cu and Mo in fractures.
a) PCDD25-014 from 28.0m showing up to 4,700 ppm U with pXRF[1] .
b) PCDD25-016 from 37.0m showing up to 3,700 ppm U with pXRF[1] .
c) PCDD25-016 from 407.0m showing up to 2,800 ppm U with pXRF[1] .
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
6
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes at Portland Creek
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Figure 5: Drill core from PCDD25-019 (470813E, 5558967N, UTM Zone 21) demonstrating significant mineralisation of Zn, Cu and Mo in fractures.
a) From 112.0m showing up to 8,000 ppm Zn with pXRF[1] .
b) From 137.0m showing up to 800 ppm U, 1,500 ppm Cu and 330 ppm Zn with pXRF[1]
c) From 185.5.0m showing up to 1,800 ppm Mo with pXRF[1] .
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources 7
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes at Portland Creek
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Preliminary observations indicate potential for a polymetallic system
Preliminary geological observations from drillholes PCDD25-013 through PCDD25-019 continue to highlight the presence of a polymetallic hydrothermal system, with multiple metals detected across various structural domains.
Key pXRF[1] readings include:
-
PCDD25-019 – Elevated zinc (up to 8,000 ppm Zn), copper (up to 1,500 ppm Cu) and molybdenum (up to 1,000 ppm Mo) within fracture-controlled uranium zones between 99–141 m (Figure 5).
-
PCDD25-018 – Uranium-bearing fractures at 57.5 m accompanied by molybdenum around 100 ppm Mo, and structurally controlled alteration zones containing zinc and other pathfinders.
-
PCDD25-015 – Multiple albitised and hematite-altered zones with fracture-hosted uranium (100– 1,000 ppm U) and evidence of ductile deformation, suggesting deeper structural connectivity and fluid flow.
-
PCDD25-014 – Quartz-vein breccias and silicified zones hosting uranium up to 6,500 ppm U and 1,600 ppm Mo near the top of the hole.
These multi-metal associations, coupled with widespread albite, chlorite, sericite and hematite alteration, indicate the presence of a fertile magmatic-hydrothermal system capable of transporting not only uranium but also molybdenum, zinc, copper and other critical metals.
Together with earlier pXRF[1] reading of 2.38% Mo in a 4 m section within PCDD25-009A, the cumulative evidence suggests that Portland Creek may represent a polymetallic uranium system of considerable scale.
Cautionary Statement
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 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~~
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources 8
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes at Portland Creek
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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.
Next Steps
Phase 2 drilling is expected to continue through to early December 2025, weather permitting, before concluding ahead of the onset of winter conditions in Newfoundland. Remaining drilling will focus on completing priority follow-up holes identified from recent structural and geophysical interpretations.
Geological teams are currently processing and sampling drill core from holes PCDD25-013 through PCDD25-019. Samples from earlier holes, up to and including PCDD25-012, have been dispatched to commercial laboratories, with first assay results expected later in Q4 CY2025. These assay results will provide the first laboratory-confirmed geochemical dataset for Phase 2 drilling and will underpin ongoing interpretation of structural controls, alteration zoning and mineralisation.
In parallel with drilling, Infini is now planning a high-resolution helicopter-supported airborne geophysical survey, including magnetics, time-domain EM and radiometrics, to be flown across both the existing and newly acquired Portland Creek tenements in late Q4 CY2025 or Q1 CY2026.
Insights from drilling, geophysics and geochemical results will collectively guide the design of an expanded exploration and drilling campaign in 2026, aimed at advancing the most prospective targets and further evaluating the potential for a district-scale polymetallic uranium system at Portland Creek.
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.
[END]
Release authorised by the Board 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
9
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes 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 1 drill program.
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Figure 6: 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 10
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes 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 7: 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 and 13 October 2025 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 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
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
11
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes at Portland Creek
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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
12
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes 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 | 470752 | 5559564 | 131 | 160 | -45 | 130 |
| PCDD25-008 | 470730 | 5559405 | 128 | 320 | -45 | 200 |
| PCDD25-009A | 470740 | 5559787 | 132 | 184 | -45 | 317 |
| PCDD25-010 | 470290 | 5557910 | 123 | 170 | -45 | 263 |
| PCDD25-011A | 470290 | 5557910 | 123 | 170 | -65 | 161 |
| PCDD25-012 | 470459 | 5557965 | 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 | 470721 | 5558178 | 131 | 3 | -45 | 251 |
| PCDD25-019 | 470813 | 5558967 | 127 | 106 | -60 | 323 |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
13
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes at Portland Creek
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Appendix 2: Significant intercepts of mineralisation
Table 2: Overview of significant intercepts of mineralisation (U >600 ppm, Mo > 0.2%, Ti > 10%, Cu > 0.1%, Zn > 0.1%) detected using pXRF at the Portland Creek Phase 2 drilling program. Depths are indictive 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 14
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes 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
15
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes 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
16
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes 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
17
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes 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
18
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes 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 |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
19
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes 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 | | Nature and quality of sampling (eg cut channels, random | | Details of Infini’s soil sampling and historic lake sediment |
| techniques | chips, or specific specialised industry standard | sampling have been reported previously (ASX 1stJuly 2024 | ||
| measurement tools appropriate to the minerals under | & 10thJuly 2024). | |||
| 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. |
| 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 |
||
| | Include reference to measures taken to ensure sample | then tested using a portable XL3t gold+ XRF device set on | ||
| representivity and the appropriate calibration of any | Test All Geo mode (60 second duration) to confirm the tenor | |||
| measurement tools or systems used. | of any uranium mineralisation detected and to confirm that it | |||
| | Aspects of the determination of mineralisation that are Material to the Public Report. |
is in fact uranium and not other radioactive elements such as thorium. |
||
| | 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. |
|
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. |
|
| Unusual commodities or mineralisation types (e.g. | | Core is also analysed using a portable XRF (pXRF) at | ||
| submarine nodules) may warrant disclosure of detailed | every meter marker. Where spot mineralisation exceeds | |||
| information. | 200 ppm the core is tested at 25 cm spacing in the | |||
| preceding and following meter of core. | ||||
| Drilling | | Drill type (e.g. core, reverse circulation, open-hole hammer, | |
Details of Infini’s drilling have been reported previously (ASX |
| techniques | rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. | 28thJuly 2025, 30thJuly 2025, 3rdSeptember 2025 and 9th | ||
| core diameter, triple or standard tube, depth of diamond | October 2025). | |||
| tails, face-sampling bit or other type, whether core is | ||||
| oriented and if so, by what method, etc.). |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
20
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes 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
21
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes 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
22
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes 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
23
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes 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
24
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes at Portland Creek
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| Criteria JORC Code explanation |
Commentary | Commentary | Commentary | Commentary | Commentary | Commentary | |
|---|---|---|---|---|---|---|---|
| Drill hole Information A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: easting and northing of the drill hole collar elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar 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. |
|
Locations and results of most holes drilled by the Conwest JV are unknown. The limited historical exploration records are publicly available in the Government of Newfoundland and Labrador’s GeoScience OnLine system under the report IDs: 012I/03/0125 and NFLD/3082. 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. Drill hole details: UTM East UTM North UTM Elevation (m) Azi- muth Dip Length (m) 470752 5559564 131 160 -45 130 470730 5559405 128 320 -45 200 470740 5559787 132 184 -45 317 470290 5557910 123 170 -45 263 470290 5557910 123 170 -65 161 470459 5557965 123 170 -45 350 470635 5558966 128 340 -45 221 470462 5558025 131 170 -45 446 470488 5556666 118 170 -45 332 |
|||||
| Hole | UTM East |
UTM North |
UTM Elevation (m) |
Azi- muth |
Dip | Length (m) |
|
| PCDD 25-007 |
470752 | 5559564 | 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 |
470290 | 5557910 | 123 | 170 | -45 | 263 | |
| PCDD 25- 011A |
470290 | 5557910 | 123 | 170 | -65 | 161 | |
| PCDD 25-012 |
470459 | 5557965 | 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
25
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes at Portland Creek
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| Criteria JORC Code explanation |
Commentary | Commentary | Commentary | Commentary | Commentary | Commentary | Commentary | Commentary |
|---|---|---|---|---|---|---|---|---|
| PCDD 25-016 |
470515 | 5558036 | 133 | 170 | -45 | 425 | ||
| PCDD 25-017 |
470699 | 5557873 | 135 | 327 | -45 | 491 | ||
| PCDD 25-018 |
470721 | 5558178 | 131 | 3 | -45 | 251 | ||
| PCDD 25-019 |
470813 | 5558967 | 127 | 106 | -60 | 323 | ||
| 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 been used as assay data not yet received. |
|||||||
| Relationship between mineralisation widths and intercept lengths These relationships are particularly important in the reporting of Exploration Results. 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 ‘down hole length, true width not known’). |
Only downhole lengths are reported. Insufficient intersections have been made thus far to establish a relationship between mineralisation widths and intercept lengths. Geometry of target mineralisation has not been verified. |
|||||||
| Diagrams Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. |
Appropriate diagrams are included in the main body of this report. No significant discovery is being reported. |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
26
Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes at Portland Creek
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| Criteria | JORC Code explanation | Commentary | ||
|---|---|---|---|---|
| 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
27