Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

INFINI RESOURCES LIMITED Capital/Financing Update 2026

Feb 8, 2026

65087_rns_2026-02-08_7b2ba1ec-56af-43ea-b7f6-5798638b5550.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

ASX Announcement Released 9 February 2026

==> picture [111 x 33] intentionally omitted <==

Assays Confirm Structurally Controlled Uranium System at Portland Creek

First batch of assay results received from the Phase 2 drilling program at the Portland Creek Uranium Project, covering holes PCDD25-007 to PCDD25-018 (excluding -011A).

Assays confirm uranium mineralisation across holes PCDD25-008, 10, 12, 14 and 16 spanning across >2 km strike length, up to 347 ppm U3O8.

The multiple broad spaced drillholes encountering low levels of uranium mineralisation indicate a significant hydrothermal event through the district.

Assays establish a direct correlation between uranium levels encountered in drillholes and the fracturing levels of the host rock, consistent with Infini’s exploration model of a shear-hosted mineralisation system.

Phase 2 drill program, together with past soil assays up to 74,997 ppm U3O8, confirms an enriched uranium system is present at Portland Creek and major focus will be on intersecting favorable fractured / brecciated structure which has emplaced the high-grade system.

Polymetallic signatures confirmed in laboratory assays, including uranium associated with molybdenum, zinc and copper, supporting the presence of a fertile hydrothermal system.

Portland Creek airborne geophysics survey results expected in Q1 CY2026 to drive target refinement for an expanded 2026 exploration and drilling campaign.

Infini Resources Ltd (ASX: I88, “Infini” or the “Company”) has received the first batch of laboratory assay results from the Phase 2 diamond drilling program at its flagship Portland Creek Uranium Project in Newfoundland, Canada. The assays cover drillholes PCDD25-007 to PCDD25-018 (excluding PCDD25-011A) from the completed Phase 2 drilling program.

The assay results identified anomalous uranium (25 – 347 ppm U3O8) in 5 adjacent drillholes (PCDD25010, 12, 14, 16 and 17) defining a mineralised zone trending NE-SW with a maximum downhole thickness of 300m. These results validate geological logging and guidance from scintillometer and portable XRF readings reported during drilling. The association of uranium with fractures within sheared granite are consistent with a structurally controlled shear-hosted uranium system.

In addition to uranium mineralisation, laboratory assays confirm localised enrichment, zinc and copper, reinforcing the interpretation of a fertile hydrothermal system at Portland Creek.

Infini’s Chief Executive Officer, Rohan Bone, said: "The first batch of assays from Phase 2 drilling provides strong validation of our exploration model at Portland Creek, confirming uranium mineralisation across multiple holes and targets within a structurally controlled hydrothermal system. Importantly, these results represent only a portion of the broader opportunity at Portland Creek. Large areas of the Project remain untested, including the source of the exceptionally high uranium-in-soil anomalies identified at Falls Lake, which continue to represent a compelling target.

Assays Confirm Structurally Controlled Uranium System at Portland Creek

==> picture [111 x 34] intentionally omitted <==

As we integrate these assay results with geological observations and the high-resolution airborne EM, magnetic and radiometric data being acquired, we expect to significantly improve our understanding of the mineralising system, its primary fluid pathways and structural controls. This combined dataset will be critical in refining target prioritisation and designing a more focused and higher-impact exploration and drilling program in 2026. We believe Portland Creek has substantial upside, and these next steps position Infini well to unlock the full potential of the Project.”

Uranium Mineralisation Confirms the Presence of a Structurally Controlled System

Assay results from Phase 2 drilling confirm the presence of uranium mineralisation and a fertile hydrothermal system across multiple drillholes within the Falls Lake Prospect and the broader Trident Lake Zone. While grades are variable, uranium has been consistently identified in multiple locations, providing confirmation that uranium-bearing fluids have circulated through a broad structural framework at Portland Creek.

Laboratory assays validate earlier indications from surface geochemistry, radiometric data and downhole observations, demonstrating that the exploration targeting applied during Phase 2 drilling is effective in identifying mineralised zones. Uranium mineralisation is predominantly hosted within fractures, joints, breccias and cavity zones developed within granitic host rocks, often coincident with zones of enhanced brittle deformation. This distribution is consistent with uranium precipitation from structurally focused fluid flow, rather than stratigraphically controlled mineralisation.

Collectively, the results confirm the presence of a broader uranium mineralising system and establish a sound geological framework for continued exploration. While Portland Creek remains a greenfield project, the confirmation of uranium mineralisation across multiple targets materially reduces geological uncertainty and supports further systematic evaluation of the Project.

==> picture [329 x 342] intentionally omitted <==

Figure 1: Photo of split core from drillhole PCDD25-014 (470462E, 5558025N, UTM Zone 21, sample ID H091491) demonstrating visual uraninite mineralisation along joint surfaces and along fractures in split drill core from at downhole depth of 28m. Laboratory analysis of a 1m interval including this sample returned 124 ppm U3O8 (refer to Appendix 1).

Infini Resources Limited

www.infiniresources.com.au InfiniResources 2

ABN 77 656 098 583

Assays Confirm Structurally Controlled Uranium System at Portland Creek

==> picture [111 x 34] intentionally omitted <==

==> picture [460 x 628] intentionally omitted <==

Figure 2: Phase 2 drillhole locations with logged visible uranium across multiple drillholes and multiple priority targets, demonstrating the emerging potential district-scale uranium system at Portland Creek.

==> picture [12 x 11] intentionally omitted <==

Infini Resources Limited

www.infiniresources.com.au

ABN 77 656 098 583

InfiniResources 3

Assays Confirm Structurally Controlled Uranium System at Portland Creek

==> picture [111 x 34] intentionally omitted <==

Hydrothermal Alteration and Structural Controls on Mineralisation

Phase 2 drilling intersected widespread hydrothermal alteration across much of the drilled area, with alteration assemblages dominated by sodic alteration (albite ± quartz), locally overprinted by hematite and trace chlorite. Uranium mineralisation is most commonly associated with hematite-rich zones, particularly along the surfaces of suspected reactivated shear planes, indicating a close relationship between alteration, structure and mineralisation.

At Target 2, drilling intersected zones of moderate uranium mineralisation spatially associated with these hematite-altered structures. Although drillhole PCDD25-014 itself returned only limited uranium mineralisation, it intersected a broad zone of faulting characterised by shearing and brecciation, refer to Figure 3. This structural corridor is interpreted to represent a significant fluid pathway and is also independently identified in the first vertical derivative (1VD) magnetic interpretation, where it trends approximately 040[o] and is interpreted to dip steeply to the southeast. Oriented core data confirms the steep structural geometry observed in the geophysical interpretation.

Importantly, uranium mineralisation observed in nearby drillholes appears to be marginal to, rather than centrally within, this major structure, suggesting that mineralisation may be focused along subsidiary fractures or structural splays adjacent to the primary fault zone. This relationship is consistent with structurally controlled hydrothermal systems, where mineral deposition commonly occurs in zones of enhanced permeability peripheral to major fault cores.

Laboratory assays have also identified elevated copper (up to 479 ppm), molybdenum (up to 321 ppm) and zinc (up to 676 ppm) within the drill core. A notable interval in PCDD25-009A from 151.59 m returned a 5.11 m interval averaging 303 ppm copper, 166 ppm molybdenum and 202 ppm zinc, along with elevated pathfinder elements. These polymetallic associations are consistent with hydrothermal fluid activity and support the interpretation of a broader mineralising system at Portland Creek.

While results to date confirm the presence of a coherent hydrothermal system, the bedrock source responsible for the exceptionally high uranium-in-soil anomalies at Falls Lake (up to 7.5% U ₃ O ₈ ) remains unresolved. Phase 2 drilling has focused on selected targets within the Falls Lake Prospect and the broader Trident Lake Zone; however, the origin of these extreme soil anomalies remains a key area for further investigation.

Numerous untested structural, geochemical and geophysical targets remain across the Portland Creek Project, including extensions of interpreted structural corridors and secondary fault splays beyond the current drill coverage. These features represent important exploration opportunities as the Company continues to refine its understanding of the mineralising system and also represent significant exploration upside.

Unlocking the Next Phase of Growth at Portland Creek

With Phase 2 drilling completed and initial assay results in hand, Infini is now focused on advancing the Project through integrated interpretation and target refinement ahead of the next phase of exploration.

Key upcoming milestones include:

  • Final batch of Phase 2 drill assays expected in Q2 CY2026, due to current congestion and extended turnaround times within laboratory assay services.

  • Completion of detailed integration of assay results with geological logging, structural interpretation and existing geophysical datasets.

  • Completion and interpretation of the airborne EM-magnetic-radiometric survey, with results expected in Q2 CY2026.

  • Field program at Portland Creek commencing in Q2 CY2026 to ground-truth priority targets through detailed geological mapping, structural measurements and focused surface geochemical sampling in areas highlighted by drilling and geophysical interpretation

==> picture [12 x 11] intentionally omitted <==

Infini Resources Limited

www.infiniresources.com.au

ABN 77 656 098 583

InfiniResources 4

Assays Confirm Structurally Controlled Uranium System at Portland Creek

==> picture [111 x 34] intentionally omitted <==

  • Refinement and prioritisation of new and existing targets, including untested structural corridors associated with the highest uranium-in-soil anomalies.

Design of an expanded exploration and drilling program for H2 CY2026, aimed at testing the principal fluid pathways and structural traps interpreted to control uranium mineralisation.

==> picture [428 x 562] intentionally omitted <==

Figure 3: Cross-section of holes PCDD25-012 (470459E, 5557965N, UTM Zone 21) and PCDD25-014 (470462E, 5558025N, UTM Zone 21) illustrating uranium mineralisation observed in nearby drillholes appears to be marginal to, rather than centrally within, a broad zone of faulting characterised by shearing and brecciation.

==> picture [12 x 11] intentionally omitted <==

Infini Resources Limited

www.infiniresources.com.au

ABN 77 656 098 583

InfiniResources 5

Assays Confirm Structurally Controlled Uranium System at Portland Creek

==> picture [111 x 34] intentionally omitted <==

References

  1. ASX Release, Infini Resources, Extensive Downhole Uranium Intersected at Portland Creek , 9[th] October 2025.

  2. ASX Release, Infini Resources, Multiple Uranium-Bearing Zones Encountered Across Multiple Drill Holes at Portland Creek , 21[st] November 2025.

  3. ASX Release, Infini Resources, Phase 2 Drilling Complete and Airborne Survey Initiated at Portland Creek , 12[th] December 2025.

[END]

Release authorised by the Board of Infini Resources Ltd.

Contacts

Rohan Bone Chief Executive Officer E: [email protected]

==> picture [12 x 11] intentionally omitted <==

Infini Resources Limited

www.infiniresources.com.au

ABN 77 656 098 583

InfiniResources 6

Assays Confirm Structurally Controlled Uranium System at Portland Creek

==> picture [111 x 34] intentionally omitted <==

About Portland Creek Uranium Project

The Portland Creek Uranium Project spans 328 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.

==> picture [458 x 299] intentionally omitted <==

Figure 4: Overview of prospective exploration areas at Portland Creek, demonstrating the occurrence of soil sampling assays up to 74,997 ppm UO, anomalous radiometric data and Infini’s package of tenements.

==> picture [12 x 11] intentionally omitted <==

Infini Resources Limited

www.infiniresources.com.au

ABN 77 656 098 583

InfiniResources 7

Assays Confirm Structurally Controlled Uranium System at Portland Creek

==> picture [111 x 34] intentionally omitted <==

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)

==> picture [463 x 261] intentionally omitted <==

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, 21 November 2025 and 12 December 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.

==> picture [12 x 11] intentionally omitted <==

Infini Resources Limited

www.infiniresources.com.au

ABN 77 656 098 583

InfiniResources 8

Assays Confirm Structurally Controlled Uranium System at Portland Creek

==> picture [111 x 34] intentionally omitted <==

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.

==> picture [12 x 11] intentionally omitted <==

Infini Resources Limited

www.infiniresources.com.au

ABN 77 656 098 583

InfiniResources 9

Assays Confirm Structurally Controlled Uranium System at Portland Creek

==> picture [111 x 33] intentionally omitted <==

Appendix 1: Intersections of anomalous uranium observed in the first batch of assays from Phase 2 drilling at Portland Creek

Table 1: Material drill hole samples (mineralised intervals >100 ppm U3O8) taken from the Phase 2 drilling program at Portland Creek demonstrating localised uranium intercepts. Intervals are down hole length. True width not known.

Hole number UTM East UTM North UTM
Elevation
**Azimuth (o) ** **Dip (o) ** From (m) To (m) Interval (m) Sample ID U3O8 (ppm)
PCDD25-008 470730 5559405 128 320 -45 143.00 143.30 0.30 L458639 229
PCDD25-010 470291 5557916 123 170 -45 79.28 80.00 0.59 L458896 103
PCDD25-010 470291 5557916 123 170 -45 114.22 114.56 0.36 L458919 110
PCDD25-010 470291 5557916 123 170 -45 159.69 160.12 0.52 L458956 108
PCDD25-010 470291 5557916 123 170 -45 160.62 161.50 0.72 L458958 176
PCDD25-010 470291 5557916 123 170 -45 161.50 162.50 0.34 L458959 142
PCDD25-010 470291 5557916 123 170 -45 261.40 262.40 0.43 H091463 110
PCDD25-012 470461 5557972 123 170 -45 35.51 36.10 0.88 H091026 108
PCDD25-012 470461 5557972 123 170 -45 54.12 54.48 1.00 H091042 116
PCDD25-012 470461 5557972 123 170 -45 54.48 55.00 1.00 H091043 104
PCDD25-012 470461 5557972 123 170 -45 143.13 143.62 1.00 H091156 112
PCDD25-012 470461 5557972 123 170 -45 144.50 145.00 0.49 H091159 116
PCDD25-012 470461 5557972 123 170 -45 145.00 145.50 0.50 H091161 114
PCDD25-012 470461 5557972 123 170 -45 171.75 172.23 0.50 H091196 120
PCDD25-012 470461 5557972 123 170 -45 214.91 215.91 0.48 H091258 106
PCDD25-012 470461 5557972 123 170 -45 228.18 228.62 0.44 H091275 124
PCDD25-012 470461 5557972 123 170 -45 254.27 254.85 0.58 H091311 347

==> picture [12 x 12] intentionally omitted <==

Infini Resources Limited

www.infiniresources.com.au

ABN 77 656 098 583

InfiniResources

10

Assays Confirm Structurally Controlled Uranium System at Portland Creek

==> picture [111 x 33] intentionally omitted <==

Hole number UTM East UTM North UTM
Elevation
**Azimuth (o) ** **Dip (o) ** From (m) To (m) Interval (m) Sample ID U3O8 (ppm)
PCDD25-012 470461 5557972 123 170 -45 254.85 255.15 0.30 H091312 171
PCDD25-012 470461 5557972 123 170 -45 255.15 255.80 0.65 H091313 113
PCDD25-012 470461 5557972 123 170 -45 255.80 256.15 0.35 H091314 342
PCDD25-012 470461 5557972 123 170 -45 257.15 257.52 0.37 H091316 209
PCDD25-012 470461 5557972 123 170 -45 257.52 258.02 0.50 H091317 218
PCDD25-012 470461 5557972 123 170 -45 258.02 258.52 0.50 H091318 129
PCDD25-012 470461 5557972 123 170 -45 258.52 259.52 1.00 H091319 104
PCDD25-012 470461 5557972 123 170 -45 262.30 262.80 0.50 H091324 267
PCDD25-012 470461 5557972 123 170 -45 267.80 268.00 0.20 H091331 150
PCDD25-012 470461 5557972 123 170 -45 269.60 269.90 0.30 H091334 252
PCDD25-012 470461 5557972 123 170 -45 270.30 271.30 1.00 H091336 105
PCDD25-012 470461 5557972 123 170 -45 277.70 278.38 0.68 H091346 324
PCDD25-012 470461 5557972 123 170 -45 281.38 282.40 1.02 H091351 153
PCDD25-012 470461 5557972 123 170 -45 291.00 291.40 0.40 H091367 152
PCDD25-012 470461 5557972 123 170 -45 296.47 297.47 1.00 H091375 134
PCDD25-012 470461 5557972 123 170 -45 297.47 298.47 1.00 H091376 142
PCDD25-012 470461 5557972 123 170 -45 298.47 299.38 0.91 H091377 120
PCDD25-012 470461 5557972 123 170 -45 299.38 300.38 1.00 H091378 107
PCDD25-012 470461 5557972 123 170 -45 305.40 305.94 0.54 H091385 165
PCDD25-014 470462 5558025 131 170 -45 27.70 28.05 0.35 H091491 124
PCDD25-016 470515 5558036 133 170 -45 50.64 51.22 0.58 H091644 143

==> picture [12 x 12] intentionally omitted <==

Infini Resources Limited

www.infiniresources.com.au

ABN 77 656 098 583

InfiniResources

11

Assays Confirm Structurally Controlled Uranium System at Portland Creek

==> picture [111 x 33] intentionally omitted <==

Hole number UTM East UTM North UTM
Elevation
**Azimuth (o) ** **Dip (o) ** From (m) To (m) Interval (m) Sample ID U3O8 (ppm)
PCDD25-016 470515 5558036 133 170 -45 57.54 58.00 0.46 H091649 106
PCDD25-016 470515 5558036 133 170 -45 80.63 81.19 0.56 H091662 245
PCDD25-016 470515 5558036 133 170 -45 113.00 114.00 1.00 H091689 297
PCDD25-016 470515 5558036 133 170 -45 124.88 125.88 1.00 H091706 106

==> picture [12 x 12] intentionally omitted <==

Infini Resources Limited

www.infiniresources.com.au

ABN 77 656 098 583

InfiniResources

12

Assays Confirm Structurally Controlled Uranium System at Portland Creek

==> picture [111 x 33] intentionally omitted <==

Appendix 2: Intersections of anomalous elements associated with hydrothermal fluids observed in the first batch of assays from Phase 2 drilling at Portland Creek

Table 2: Material drill hole samples (mineralised intervals >100 ppm Cu, or >100 ppm Mo, or >100 ppm Zn) taken from the Phase 2 drilling program at Portland Creek demonstrating localised intercepts of elements associated with hydrothermal fluids. Intervals are down hole length. True width not known.

Hole number UTM East UTM North UTM
Elevation
**Azimuth (o) ** **Dip (o) ** From (m) To (m) Interval
(m)
Sample ID Cu (ppm) Mo (ppm) Zn (ppm)
PCDD25-008 470730 5559405 128 320 -45 27.17 27.48 0.31 L458585 1 2 262
PCDD25-008 470730 5559405 128 320 -45 35.68 36.15 0.47 L458591 0 1 173
PCDD25-008 470730 5559405 128 320 -45 44.00 45.00 1.00 L458597 29 1 101
PCDD25-008 470730 5559405 128 320 -45 45.00 46.08 1.08 L458598 28 1 101
PCDD25-008 470730 5559405 128 320 -45 69.00 70.00 1.00 L458612 2 1 334
PCDD25-009A 470740 5559787 132 184 -45 151.00 151.59 0.59 L458769 47 48 135
PCDD25-009A 470740 5559787 132 184 -45 151.59 152.00 0.41 L458771 273 220 676
PCDD25-009A 470740 5559787 132 184 -45 152.00 152.33 0.33 L458772 318 256 220
PCDD25-009A 470740 5559787 132 184 -45 152.33 152.66 0.33 L458773 479 186 273
PCDD25-009A 470740 5559787 132 184 -45 152.66 153.00 0.34 L458774 387 104 99
PCDD25-009A 470740 5559787 132 184 -45 153.00 153.33 0.33 L458775 290 54 452
PCDD25-009A 470740 5559787 132 184 -45 153.33 153.66 0.33 L458776 275 121 179
PCDD25-009A 470740 5559787 132 184 -45 153.66 154.00 0.34 L458777 413 280 207
PCDD25-009A 470740 5559787 132 184 -45 154.00 154.33 0.33 L458778 338 139 64
PCDD25-009A 470740 5559787 132 184 -45 154.33 154.66 0.33 L458779 450 321 67
PCDD25-009A 470740 5559787 132 184 -45 154.66 155.00 0.34 L458781 175 110 68
PCDD25-009A 470740 5559787 132 184 -45 155.00 155.73 0.73 L458782 125 150 50

==> picture [12 x 12] intentionally omitted <==

Infini Resources Limited

www.infiniresources.com.au

ABN 77 656 098 583

InfiniResources

13

Assays Confirm Structurally Controlled Uranium System at Portland Creek

==> picture [111 x 33] intentionally omitted <==

Hole number UTM East UTM North UTM
Elevation
**Azimuth (o) ** **Dip (o) ** From (m) To (m) Interval
(m)
Sample ID Cu (ppm) Mo (ppm) Zn (ppm)
PCDD25-009A 470740 5559787 132 184 -45 155.73 156.70 0.97 L458783 119 54 65
PCDD25-009A 470740 5559787 132 184 -45 180.76 181.76 1.00 L458794 16 3 143
PCDD25-009A 470740 5559787 132 184 -45 181.76 182.76 1.00 L458795 9 3 128
PCDD25-009A 470740 5559787 132 184 -45 210.00 210.30 0.30 L458798 5 2 213
PCDD25-009A 470740 5559787 132 184 -45 221.00 221.30 0.30 L458799 8 2 147
PCDD25-009A 470740 5559787 132 184 -45 283.25 284.00 0.75 L458813 18 3 108
PCDD25-009A 470740 5559787 132 184 -45 284.00 285.00 1.00 L458814 98 6 390
PCDD25-009A 470740 5559787 132 184 -45 285.00 285.49 0.49 L458815 55 3 407
PCDD25-009A 470740 5559787 132 184 -45 285.49 286.13 0.64 L458816 76 9 259
PCDD25-009A 470740 5559787 132 184 -45 298.92 299.92 1.00 L458834 102 2 55
PCDD25-010 470291 5557916 123 170 -45 79.28 80.00 0.72 L458896 5 240 26
PCDD25-010 470291 5557916 123 170 -45 127.00 128.00 1.00 L458928 1 154 7
PCDD25-014 470462 5558025 131 170 -45 424.41 425.03 0.62 H091557 39 4 105
PCDD25-015 470488 5556666 118 170 -45 278.00 279.00 1.00 H091606 35 1 130
PCDD25-015 470488 5556666 118 170 -45 281.00 282.00 1.00 H091607 64 2 110
PCDD25-015 470488 5556666 118 170 -45 286.31 287.00 0.69 H091611 183 25 103
PCDD25-015 470488 5556666 118 170 -45 288.00 289.00 1.00 H091613 22 1 141
PCDD25-015 470488 5556666 118 170 -45 295.41 296.00 0.59 H091614 49 4 225
PCDD25-015 470488 5556666 118 170 -45 296.00 296.66 0.66 H091615 27 1 168
PCDD25-017 4706700 5557873 135 327 -45 30.00 30.30 0.30 H091947 5 1 102
PCDD25-017 4706700 5557873 135 327 -45 40.00 40.30 0.30 H091948 6 1 110

==> picture [12 x 12] intentionally omitted <==

Infini Resources Limited

www.infiniresources.com.au

ABN 77 656 098 583

InfiniResources

14

Assays Confirm Structurally Controlled Uranium System at Portland Creek

==> picture [111 x 33] intentionally omitted <==

Hole number UTM East UTM North UTM
Elevation
**Azimuth (o) ** **Dip (o) ** From (m) To (m) Interval
(m)
Sample ID Cu (ppm) Mo (ppm) Zn (ppm)
PCDD25-017 4706700 5557873 135 327 -45 50.00 50.30 0.30 H091949 6 1 127
PCDD25-017 4706700 5557873 135 327 -45 81.91 83.00 1.09 H091958 13 1 101
PCDD25-017 4706700 5557873 135 327 -45 83.00 84.00 1.00 H091959 11 1 123
PCDD25-017 4706700 5557873 135 327 -45 84.00 85.00 1.00 H091961 54 2 106
PCDD25-017 4706700 5557873 135 327 -45 85.00 86.00 1.00 H091962 10 2 130
PCDD25-017 4706700 5557873 135 327 -45 86.00 87.00 1.00 H091963 8 2 124
PCDD25-017 4706700 5557873 135 327 -45 89.00 90.00 1.00 H091966 12 1 125
PCDD25-017 4706700 5557873 135 327 -45 90.36 91.00 0.64 H091968 12 2 137
PCDD25-017 4706700 5557873 135 327 -45 91.00 91.54 0.54 H091969 7 2 103
PCDD25-017 4706700 5557873 135 327 -45 91.54 92.06 0.52 H091971 4 3 156
PCDD25-017 4706700 5557873 135 327 -45 92.06 92.51 0.45 H091972 16 3 146
PCDD25-017 4706700 5557873 135 327 -45 103.31 104.00 0.69 H091976 8 1 129
PCDD25-017 4706700 5557873 135 327 -45 104.00 105.00 1.00 H091977 8 1 132
PCDD25-017 4706700 5557873 135 327 -45 105.00 105.96 0.96 H091978 8 2 129
PCDD25-017 4706700 5557873 135 327 -45 237.94 238.31 0.37 H097128 17 1 436
PCDD25-018 470718 5558182 131 3 -45 16.00 17.00 1.00 H097292 6 1 169
PCDD25-018 470718 5558182 131 3 -45 20.98 22.00 1.02 H097293 10 2 203
PCDD25-018 470718 5558182 131 3 -45 22.00 24.00 2.00 H097294 9 1 131

==> picture [12 x 12] intentionally omitted <==

Infini Resources Limited

www.infiniresources.com.au

ABN 77 656 098 583

InfiniResources

15

Assays Confirm Structurally Controlled Uranium System at Portland Creek

==> picture [112 x 33] intentionally omitted <==

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).

Core was also analysed using a portable XL3t gold+ XRF
devide (pXRF) at every meter marker as well as at random
locations. Where spot mineralisation exceeded 200 ppm
the core is tested at 25 cm spacing in the preceding and
following meter of core.

Based upon the scintollometer and pXRF readings sample
size for the drill core was selected. Sample sizes ranged
from 0.3m up to just over 2m.
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).

Drilling was undertaken by one heli-transportable diamond
drill rig. The core was NG gauge on a single 10m core tube.
The core was oriented with a ACT III RD tool.

==> picture [12 x 11] intentionally omitted <==

Infini Resources Limited

www.infiniresources.com.au

ABN 77 656 098 583

InfiniResources 16

Assays Confirm Structurally Controlled Uranium System at Portland Creek

==> picture [112 x 33] intentionally omitted <==

Criteria JORC Code explanation Commentary
Drill sample Method of recording and assessing core and chip sample Core recovery was based on depths assigned by the
recovery recoveries and results assessed. drillers 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 was 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 were 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 was 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 was photographed and the imagery imported into
an online database (Imago)
Each hole was 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 were 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 consisted of one half of the cut NQ drill
core.
Each sample was bagged with a numbered tag. Prep-31 was
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

Measures taken to ensure that the sampling is
representative of the in situ material collected, including for
instance results for field duplicate/second-half sampling.
Whether sample sizes are appropriate to the grain size of
the material being sampled.
4.

PUL-31 Pulverize up to 250g 85% <75 µm
Analysis was completed using ME-MS61L, with selective
PbIS for Pb isotopes.
Select samples were also tested for gold mineralization
using Au-AA23.

==> picture [12 x 11] intentionally omitted <==

Infini Resources Limited

www.infiniresources.com.au

ABN 77 656 098 583

InfiniResources

17

Assays Confirm Structurally Controlled Uranium System at Portland Creek

==> picture [112 x 33] intentionally omitted <==

Criteria JORC Code explanation Commentary
Flourine analysis was also completed using F-IC881.
ALS Global laboratories performed the analytical work.
Quality of The nature, quality and appropriateness of the assaying At the start of each day the pXRF was 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
tests For geophysical tools, spectrometers, handheld XRF
instruments, etc., the parameters used in determining the
were inserted every 30 samples, and a calibration check
was completed.
analysis including instrument make and model, reading Blanks and certified reference materials were inserted
times, calibrations factors applied and their derivation, etc. every 30 samples, respectively. QAQC samples were
Nature of quality control procedures adopted (e.g.
standards, blanks, duplicates, external laboratory checks)
reviewed for contamination or failure, defined as 3x SDV of
the reference material with was ISO certified.
and whether acceptable levels of accuracy (i.e. lack of bias) Samples of core from the drilling program were submitted
and precision have been established. to 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 was conducted by
sampling and independent or alternative company personnel. Infini Resources’ Exploration Manager.
assaying The use of twinned holes. Data collected was 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 were uploaded each evening and stored on a
cloud server. Internal data checks and quality control were
built into the logging software to ensure no gaps or incorrect
coding was used.
pXRF measurements were 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. Collar and soil sample locations were surveyed using
Specification of the grid system used. handheld GPS.
Quality and adequacy of topographic control. LIDAR data flown by Infini was used to establish collar RL

==> picture [12 x 11] intentionally omitted <==

Infini Resources Limited

www.infiniresources.com.au

ABN 77 656 098 583

InfiniResources

18

Assays Confirm Structurally Controlled Uranium System at Portland Creek

==> picture [112 x 33] intentionally omitted <==

Criteria JORC Code explanation Commentary
Data spacing Data spacing for reporting of Exploration Results. Soil sample spacing was considered appropriate at this
and
distribution
Whether the data spacing and distribution is sufficient to
establish the degree of geological and grade continuity
stage of exploration
Drillhole collar spacing was designed to intersect the
appropriate for the Mineral Resource and Ore Reserve source of anomalous uranium in soil and not determine a
estimation procedure(s) and classifications applied. resource 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 was 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 was transported by helicopter from the drill site
security to the core logging facility. All drill core was logged,
photographed and the altered intervals were tagged for
sampling. The core was then split. Groups of samples were
sealed in large bags with lab security tags attached to
maintain a chain of custody. Samples were stored in a locked
facility and shipped using a bonded courier. All sample
preparation
and
analysis
was
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.

==> picture [12 x 11] intentionally omitted <==

Infini Resources Limited

www.infiniresources.com.au

ABN 77 656 098 583

InfiniResources

19

Assays Confirm Structurally Controlled Uranium System at Portland Creek

==> picture [112 x 33] intentionally omitted <==

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 thirteen
mineral claims (036683M, 036684M, 036685M, 037492M,
037490M, 037496M, 037495M, 039752M, 039753M,
The security of the tenure held at the time of reporting along 039754M, 039755M, 036831M and 036832M). The
with any known impediments to obtaining a licence to company first staked the project in 2023/24 before
operate in the area. expanding the footprint in October 2025 and December
2025 (100% ownership). A 2% Net Smelter Return (NSR)
Royalty is applicable on tenements 036831M and
036832M. The company is not aware of any other 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.

==> picture [12 x 11] intentionally omitted <==

Infini Resources Limited

www.infiniresources.com.au

ABN 77 656 098 583

InfiniResources

20

Assays Confirm Structurally Controlled Uranium System at Portland Creek

==> picture [112 x 33] intentionally omitted <==

Criteria
JORC Code explanation
Commentary Commentary Commentary Commentary Commentary Commentary











Publicly available data was sourced from the Canadian
Airborne Geophysical Database (CAGD) for an airborne
magnetic and radiometric geophysics survey conducted
over the Great Northern Peninsula (North Arm) that was
flown by a fixed-wing aircraft in 1987 at a height of 250m
and line spacing of 1,000m for a total of 11,892 line km.
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.
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)
470745
5559555
131
160
-45
130
470730
5559405
128
320
-45
200
470740
5559787
132
184
-45
317
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

==> picture [12 x 11] intentionally omitted <==

Infini Resources Limited

www.infiniresources.com.au

ABN 77 656 098 583

InfiniResources

21

Assays Confirm Structurally Controlled Uranium System at Portland Creek

==> picture [112 x 33] intentionally omitted <==

Criteria
JORC Code explanation
Commentary Commentary Commentary
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
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

==> picture [12 x 11] intentionally omitted <==

Infini Resources Limited

www.infiniresources.com.au

ABN 77 656 098 583

InfiniResources

22

Assays Confirm Structurally Controlled Uranium System at Portland Creek

==> picture [112 x 33] intentionally omitted <==

Criteria JORC Code explanation Commentary
Data In reporting Exploration Results, weighting averaging No aggregation methods have been used as assay data
aggregation techniques, maximum and/or minimum grade truncations not yet received.
methods (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.
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.

==> picture [12 x 11] intentionally omitted <==

Infini Resources Limited

www.infiniresources.com.au

ABN 77 656 098 583

InfiniResources

23

Assays Confirm Structurally Controlled Uranium System at Portland Creek

==> picture [112 x 33] intentionally omitted <==

Criteria JORC Code explanation Commentary
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.

==> picture [12 x 11] intentionally omitted <==

Infini Resources Limited

www.infiniresources.com.au

ABN 77 656 098 583

InfiniResources

24