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INFINI RESOURCES LIMITED — Capital/Financing Update 2026
Jan 18, 2026
65087_rns_2026-01-18_3b67707a-0c14-44a3-be54-51d7c5230bea.pdf
Capital/Financing Update
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ASX Announcement Released 19 January 2026
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Phase 2 Rock Chip Assays Confirm Widespread Uranium Anomalism at Reynolds and Reitenbach Lake
High-grade uranium confirmed at the Titus Prospect (Reitenbach Lake), with a Phase 1 uraninite-bearing sample returning 18,986 ppm U ₃ O ₈ (1.90% U ₃ O ₈ ).[1]
Phase 2 assays returned multiple elevated uranium results, with values up to approximately 3,844 ppm U ₃ O ₈ (0.38% U ₃ O ₈ ), confirming additional zones of anomalism beyond the Titus Showing.
Samples with elevated uranium assay results are spatially coincident with EM conductors, radiometric responses and interpreted structural corridors across a continuous ~15 km × 3 km prospective corridor spanning both projects.
Results continue to upgrade and de-risk priority targets, supporting targeting and drill planning ahead of a planned maiden drill program in Q2 CY2026.
Engagement with First Nations, government permitting agencies and key contractors advancing to support drill-readiness.
Maiden drill program at Reynolds Lake and Reitenbach Lake fully funded with existing cash reserves.
Infini Resources Limited (ASX:I88) (“Infini” or the “Company”) is pleased to announce that the Company has received rock-chip assay results from the Phase 2 field program at its Reynolds Lake and Reitenbach Lake Uranium Projects in Saskatchewan, Canada.
Infini’s Chief Executive Officer, Rohan Bone, said: "Receiving the Phase 2 assay results is an important step forward for Infini. While the Titus Prospect remains a standout high-grade target, the Phase 2 results demonstrate that uranium anomalism is broader and more extensive across both Reynolds and Reitenbach than initially mapped.
Seeing multiple elevated uranium results outside the original discovery area reinforces our confidence in the potential scale of the system. With the full Phase 1 and Phase 2 dataset now in hand, we are well positioned to finalise drill targets and advance confidently toward our planned 2026 maiden drilling program.”
Phase 1 and Phase 2 Rock Chip Assay Results
A total of 181 rock-chip samples from the Reynolds Lake and Reitenbach Lake projects have now been assayed across the Phase 1 and Phase 2 field programs. Both field programs were designed to systematically test priority areas identified from airborne EM, radiometrics and structural interpretation. Rock-chip and soil sampling focused on outcropping bedrock, glacial float and geochemical dispersion patterns across these priority areas.
At Reitenbach Lake, Phase 1 sampling identified the Titus Showing, where a uraninite-bearing rock sample returned 18,986 ppm U3O8 (1.90% U3O8), confirming high-grade uranium mineralisation at surface. Phase 2 sampling returned additional elevated uranium values, with a maximum of 3,844 ppm U ₃ O ₈ , demonstrating that uranium anomalism extends beyond the initial discovery area and remains open within an interpreted structural corridor coincident with significant EM conductors.
Infini Resources Limited
www.infiniresources.com.au InfiniResources 1
ABN 77 656 098 583
Phase 2 Rock Chip Assays Confirm Widespread Uranium Anomalism at Reynolds and Reitenbach Lake
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At Reynolds Lake, both Phase 1 and Phase 2 assays confirm elevated uranium values are spatially associated with EM conductors and mapped shear zones identified during mapping. This reinforces the interpretation that mineralisation is structurally controlled and associated with priority geophysical targets.
The combined assay, geophysical and structural datasets indicate a potential coherent, system-scale uranium footprint extending over an approximately 15 km × 3 km corridor across both projects, further strengthen Infini’s geological model and indicate a geological setting potentially analogous to basementhosted uranium systems such as Rabbit Lake, where mineralisation is structurally controlled and spatially associated with graphitic units and conductive corridors.
Next Steps
Results from the Phase 1 and Phase 2 field programs materially advance Infini’s understanding of both projects and provide a strong technical foundation for follow-up exploration and drill targeting. Assay results will now be integrated with geological mapping, geophysical datasets and structural interpretation to finalise and prioritise drill-ready targets across both Reynolds and Reitenbach Lake projects. Key upcoming milestones include:
-
Acquisition and consolidation of historical datasets and geophysics results relevant to the recently staked Reitenbach tenements (refer 12 January 2026 ASX Announcement), expected Q1 CY2026
-
Target refinement and drill planning integrating structural, geophysical and geochemical datasets, expected in Q1 CY2026.
-
Ongoing engagement with local First Nations, including Ya’thi Néné Lands and Resources (YNLR), alongside government permitting processes, progressing in parallel to support drilling activities.
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Appointment and mobilisation of key geological and drilling contractors ahead of commencement of drilling activities, expected in Q1 and Q2 CY2026.
-
Commencement of a maiden drill campaign across priority targets at Reynolds and Reitenbach Lake projects, subject to permitting and stakeholder engagement, targeted for Q2 CY2026.
Infini Resources Limited
www.infiniresources.com.au InfiniResources 2
ABN 77 656 098 583
Phase 2 Rock Chip Assays Confirm Widespread Uranium Anomalism at Reynolds and Reitenbach Lake
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Figure 1: Assay results from the Phase 1 and Phase 2 field programs at Reynolds and Reitenbach Lake projects highlight coincidence of anomalous uranium-bearing samples with EM anomalies, RAD anomalies and key interpreted geological structures across an approximate 15km x 3km corridor.
Infini Resources Limited
www.infiniresources.com.au InfiniResources 3
ABN 77 656 098 583
Phase 2 Rock Chip Assays Confirm Widespread Uranium Anomalism at Reynolds and Reitenbach Lake
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Figure 2: Geological map of the Titus Prospect at Reitenbach Lake, demonstrating confluence of uranium mineralisation with large EM anomalies and regional fault corridors.
Infini Resources Limited
www.infiniresources.com.au InfiniResources 4
ABN 77 656 098 583
Phase 2 Rock Chip Assays Confirm Widespread Uranium Anomalism at Reynolds and Reitenbach Lake
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References
-
ASX announcement, Infini Resources, High-Grade Uraninite Confirmed at Reitenbach Lake – Phase 1 Assay Results Received, 23 December 2025.
-
ASX announcement, Infini Resources, Infini Expands Reitenbach Lake Uranium Project Footprint by 31%, 12 January 2026 .
-
ASX announcement, Infini Resources, Amendment to ASX Announcement ; Reynolds Lake Field Program Expanded to Target New EM Anomalies, 2 October 2025 and 22 September 2025.
[END]
Release authorised by the Board of Infini Resources Ltd.
Contacts
Rohan Bone Chief Executive Officer
Infini Resources Limited
www.infiniresources.com.au InfiniResources 5
ABN 77 656 098 583
Phase 2 Rock Chip Assays Confirm Widespread Uranium Anomalism at Reynolds and Reitenbach Lake
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About Reynolds Lake & Reitenbach Lake
The Reynolds Lake and Reitenbach Lake Uranium Projects collectively comprise 22 mineral claims covering a total footprint of 766 km² on the eastern outboard margin of the Athabasca Basin in northern Saskatchewan. The projects are contiguous, with Reynolds Lake consisting of 12 claims (386 km²) and Reitenbach Lake consisting of 10 claims (381 km²) adjoining its northern boundary.
The properties are underlain by Archean to Paleoproterozoic metamorphic and igneous rocks and are bisected by the crustal-scale Needle Falls Shear Zone, a major structural corridor separating the Wollaston Domain to the west from the Peter Lake Domain to the east. The Wollaston Domain is dominated by Paleoproterozoic siliciclastic metasediments including paragneiss, quartzite, and calcsilicate units, while the Peter Lake Domain contains Archean to Paleoproterozoic granitoid gneisses and supracrustal rocks. Both domains are strongly deformed and metamorphosed, with northeast-trending isoclinal folding and later cross-cutting north–south fault systems that provide structural complexity and potential pathways for hydrothermal fluid flow.
Graphitic schists and gneisses, key lithologies known to host unconformity-associated uranium mineralisation, have been identified within the project area and are spatially associated with electromagnetic conductors, radiometric anomalies and elevated uranium-in-lake sediment samples. Recent exploration has confirmed primary uranium mineralisation at surface at Reitenbach Lake, while petrographic analysis has validated a structurally prepared and hydrothermally altered basement environment consistent with an unconformity-related uranium system.
Regionally, the geological setting is considered analogous to uranium systems at Eagle Point and Rabbit Lake, where mineralisation occurs along graphitic shear zones at the boundary between Wollaston metasediments and granitoid basement.
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Figure 3: Location of the Reynolds Lake Uranium Project and Reitenbach Uranium Project relative to the world-renowned Athabasca Basin, synonymous with high-grade uranium deposits, and in close proximity to existing operations, access and infrastructure.
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources 6
Phase 2 Rock Chip Assays Confirm Widespread Uranium Anomalism at Reynolds and Reitenbach Lake
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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 4: 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 Reynolds Lake Uranium Project and Reitenbach Lake Uranium Project is based on, and fairly represents, information and supporting documentation compiled and evaluated by Mark Couzens, Principal Geologist of 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 Reynolds Lake Uranium Project and the Reitenbach Lake Uranium Project.
This announcement contains information on the Reynolds Lake Uranium Project and the Reitenbach Lake Uranium Project extracted from ASX market announcements dated 25 February 2025, 31 March 2025, 24 July 2025, 20 August 2025, 9 September 2025, 22 September 2025, 2 October 2025, 3 October 2025, 26 November 2025, 23 December 2025 and 12 January 2026 and 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 announcement 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
Infini Resources Limited
www.infiniresources.com.au InfiniResources 7
ABN 77 656 098 583
Phase 2 Rock Chip Assays Confirm Widespread Uranium Anomalism at Reynolds and Reitenbach Lake
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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.
Infini Resources Limited
www.infiniresources.com.au InfiniResources 8
ABN 77 656 098 583
Phase 2 Rock Chip Assays Confirm Widespread Uranium Anomalism at Reynolds and Reitenbach Lake
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Appendix 1: Reynolds and Reitenbach Lake Phase 2 field program rock chip sample assay results
Table 1: Recently completed rock chip sample assay results from the Reynolds Lake and Reitenbach Lake Phase 2 field program. All survey sites are projected in NAD83 UTM Zone 13.
| Sample ID |
UTM East (m) |
UTM North (m) |
UTM Elevation (m) |
U3O8 (ppm) |
Th (ppm) |
As (ppm) |
Co (ppm) |
Ni (ppm) |
Pb 204 (ppm) |
Pb 206 (ppm) |
Pb 207 (ppm) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D201413 | 623162 | 6423678 | 387 | 3278 | 22.8 | 1.1 | 16.0 | 7.4 | 0.1 | 922.0 | 102.5 |
| D201414 | 628391 | 6421215 | 374 | 20 | 95.2 | 0.8 | 1.5 | 2.7 | 0.3 | 11.5 | 5.4 |
| D201415 | 628382 | 6421235 | 366 | 86 | 189.0 | 1.5 | 2.1 | 3.9 | 0.3 | 36.2 | 7.3 |
| D201416 | 628382 | 6421247 | 374 | 62 | 100.5 | 0.5 | 1.8 | 3.6 | 0.3 | 23.5 | 6.9 |
| D201417 | 628301 | 6421403 | 382 | 11 | 25.9 | 0.7 | 1.9 | 2.1 | 0.7 | 23.2 | 11.6 |
| D201418 | 629604 | 6421783 | 373 | 25 | 50.7 | 0.4 | 1.8 | 1.7 | 0.5 | 17.3 | 8.6 |
| D201419 | 629468 | 6422216 | 359 | 11 | 24.8 | 1.4 | 1.7 | 1.7 | 0.8 | 17.8 | 13.4 |
| D201420 | 626262 | 6413486 | 383 | 5 | 19.9 | 2.0 | 6.2 | 13.5 | 0.2 | 5.0 | 3.6 |
| D201421 | 626403 | 6414124 | 363 | 47 | 32.4 | 0.4 | 0.4 | 0.5 | 0.5 | 18.9 | 8.4 |
| D201422 | 626446 | 6414167 | 374 | 3 | 8.7 | 0.9 | 0.7 | 1.5 | 0.1 | 1.6 | 0.9 |
| D201423 | 627034 | 6414301 | 361 | 139 | 540.0 | 0.4 | 1.0 | 1.4 | 0.6 | 50.7 | 12.8 |
| K665557 | 623341 | 6424114 | 379 | 145 | 17.9 | 0.4 | 3.0 | 2.6 | 0.1 | 54.9 | 7.0 |
| K665558 | 623490 | 6423952 | 377 | 2700 | 44.8 | 0.3 | 2.4 | 1.5 | 0.2 | 728.0 | 80.6 |
| K665559 | 627793 | 6421044 | 380 | 20 | 35.6 | 0.3 | 0.8 | 1.3 | 0.7 | 20.8 | 11.6 |
| K665560 | 622803 | 6425992 | N/A | 8 | 47.3 | 0.2 | 3.4 | 1.4 | 0.7 | 14.1 | 11.6 |
| K665561 | 625430 | 6415056 | N/A | 83 | 314.0 | 0.4 | 1.3 | 1.5 | 0.5 | 31.5 | 10.1 |
| K665562 | 625541 | 6415470 | 364 | 12 | 54.3 | 0.2 | 4.3 | 11.3 | 0.4 | 9.3 | 6.1 |
| K665651 | 623430 | 6424004 | 381 | 3844 | 14.0 | 2.4 | 25.2 | 50.2 | 0.2 | 1200.0 | 135.5 |
| K665652 | 623447 | 6423972 | 378 | 1071 | 28.1 | 0.6 | 4.0 | 1.7 | 0.2 | 320.0 | 38.5 |
| K665653 | 623756 | 6424390 | 381 | 544 | 30.5 | 0.2 | 5.0 | 1.8 | 0.3 | 183.5 | 24.4 |
| K665654 | 627584 | 6420832 | 377 | 4 | 45.8 | 0.2 | 2.6 | 3.4 | 0.5 | 8.7 | 7.3 |
| K665655 | 628091 | 6420948 | N/A | 22 | 226.0 | 0.3 | 8.6 | 13.3 | 0.3 | 17.7 | 5.7 |
| K665656 | 623456 | 6424079 | 388 | 14 | 273.0 | 0.4 | 1.0 | 0.6 | 0.6 | 12.7 | 8.8 |
| K665657 | 623545 | 6424256 | 377 | 6 | 174.0 | 0.1 | 1.2 | 2.1 | 0.1 | 2.4 | 1.3 |
| K665658 | 626252 | 6413486 | 367 | 105 | 123.0 | 0.3 | 0.8 | 1.7 | 0.5 | 36.0 | 9.7 |
| K665659 | 626412 | 6414110 | 371 | 50 | 26.2 | 0.2 | 0.4 | 0.7 | 0.6 | 22.2 | 10.2 |
| K665660 | 626396 | 6414136 | 369 | 39 | 40.6 | 0.2 | 0.4 | 0.5 | 0.8 | 28.9 | 14.4 |
| K665661 | 626785 | 6414118 | 366 | 59 | 42.3 | 0.4 | 0.7 | 0.6 | 0.5 | 32.1 | 10.2 |
| K665662 | 627186 | 6414675 | 351 | 17 | 90.9 | 0.4 | 0.9 | 2.2 | 0.5 | 62.2 | 13.6 |
| K665663 | 627268 | 6414878 | 351 | 266 | 181.5 | 0.4 | 0.5 | 1.3 | 0.1 | 60.0 | 7.3 |
Infini Resources Limited
www.infiniresources.com.au InfiniResources 9
ABN 77 656 098 583
Phase 2 Rock Chip Assays Confirm Widespread Uranium Anomalism at Reynolds and Reitenbach Lake
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| Sample ID |
UTM East (m) |
UTM North (m) |
UTM Elevation (m) |
U3O8 (ppm) |
Th (ppm) |
As (ppm) |
Co (ppm) |
Ni (ppm) |
Pb 204 (ppm) |
Pb 206 (ppm) |
Pb 207 (ppm) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| K665701 | 629409 | 6420567 | 408 | 131 | 12.9 | 0.5 | 0.8 | 1.2 | 0.2 | 33.0 | 6.0 |
| K665702 | 625806 | 6415377 | N/A | 5 | 27.4 | 0.2 | 0.6 | 0.7 | 0.5 | 8.6 | 7.2 |
| K665703 | 625525 | 6414981 | N/A | 12 | 49.9 | 0.3 | 1.5 | 1.5 | 0.4 | 12.7 | 7.3 |
| K665704 | 625489 | 6415430 | N/A | 12 | 55.6 | 0.2 | 1.1 | 2.3 | 0.3 | 5.7 | 4.5 |
| K665705 | 625687 | 6415584 | N/A | 33 | 24.8 | 0.2 | 0.3 | 0.4 | 0.6 | 17.0 | 9.9 |
Infini Resources Limited
www.infiniresources.com.au InfiniResources 10
ABN 77 656 098 583
Phase 2 Rock Chip Assays Confirm Widespread Uranium Anomalism at Reynolds and Reitenbach Lake
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JORC Code, 2012 Edition – Table 1
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Sampling techniques |
• Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. • In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information. |
• Mapping and Prospecting Samples Mapping and prospecting include both select grab samples and lithological geochemical (LGC) grab samples. Select samples are guided by a handheld scintillometer (RS-125 Super-SPEC), targeting anomalous readings greater than 400 cps. LGC samples are prioritized based on lithology, alteration, and mineralisation, consistent with industry standards. For both sampling types, UTM coordinates (UTM Zone 13), sample site details, and lithology / alteration / mineralisation descriptions are collected and stored digitally. |
| 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.). |
• Not applicable due to no drilling undertaken. |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
11
Phase 2 Rock Chip Assays Confirm Widespread Uranium Anomalism at Reynolds and Reitenbach Lake
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| Criteria | JORC Code explanation | Commentary | ||
|---|---|---|---|---|
| Drill sample | • | Method of recording and assessing core and chip sample | • | Not applicable due to no drilling undertaken. |
| recovery | recoveries and results assessed. | |||
| • | Measures taken to maximise sample recovery and ensure | |||
| representative nature of the samples. | ||||
| • | Whether a relationship exists between sample recovery and | |||
| grade and whether sample bias may have occurred due to | ||||
| preferential loss/gain of fine/coarse material. | ||||
| Logging | • | Whether core and chip samples have been geologically and | • | Not applicable due to no drilling undertaken. |
| 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. | |||
| 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 | • | Rock samples were prepared using ALS method PREP-31, |
| techniques | core taken. | where samples are crushed to 70% passing 2 mm, a ~250 g | ||
| and sample preparation |
• • • |
If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. |
split is taken, and the split is pulverized to 85% passing 75 µm. Analytical work was completed with ME-MS61L, a four- acid digestion followed by ICP-MS multi-element analysis. For selected samples—particularly those containing quartz veins, flooded textures, or fine-grained disseminated sulphides—an additional gold assay was carried out using Au-AA23, a 30 g fire assay with AAS finish. The four-acid |
|
| • | Measures taken to ensure that the sampling is | digestion provides a near-total digestion for most silicate, | ||
| representative of the in situ material collected, including for | oxide, and sulphide minerals, while fire assay is considered | |||
| instance results for field duplicate/second-half sampling. | the most reliable technique for gold determination. | |||
| • | Whether sample sizes are appropriate to the grain size of | |||
| the material being sampled. |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
12
Phase 2 Rock Chip Assays Confirm Widespread Uranium Anomalism at Reynolds and Reitenbach Lake
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| Criteria | JORC Code explanation | Commentary | ||
|---|---|---|---|---|
| Quality of | • | The nature, quality and appropriateness of the assaying | • | No quality control procedures (e.g. standards, blanks, |
| assay data | and laboratory procedures used and whether the technique | duplicates were added to the samples submitted due to the | ||
| and laboratory | is considered partial or total. | exploratory nature of the sample types. Normal lab QAQC | ||
| tests | • | For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the |
insertions will be performed by ALS Global, an ISO-certified lab in Sudbury, Ontario. |
|
| analysis including instrument make and model, reading | ||||
| times, calibrations factors applied and their derivation, etc. | ||||
| • | Nature of quality control procedures adopted (e.g. | |||
| standards, blanks, duplicates, external laboratory checks) | ||||
| and whether acceptable levels of accuracy (i.e. lack of bias) | ||||
| and precision have been established. | ||||
| Verification of | • | The verification of significant intersections by either | • | All sample sites and relevant data regarding the site, material |
| sampling and | independent or alternative company personnel. | sampled and Lith, Alt and Mineralisation are recorded by the | ||
| assaying | • | The use of twinned holes. | geologist and stored in a database. | |
| • | Documentation of primary data, data entry procedures, data | |||
| verification, data storage (physical and electronic) | ||||
| protocols. | ||||
| • | Discuss any adjustment to assay data. | |||
| Location of | • | Accuracy and quality of surveys used to locate drill holes | • | Not applicable due to no drilling undertaken. |
| data points | (collar and down-hole surveys), trenches, mine workings | |||
| and other locations used in Mineral Resource estimation. | ||||
| • | Specification of the grid system used. | |||
| • | Quality and adequacy of topographic control. | |||
| Data spacing | • | Data spacing for reporting of Exploration Results. | • | Not applicable as no Mineral Resource and Ore Reserves |
| and distribution |
• | Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity |
• | are reported. No sample compositing has been applied. |
| appropriate for the Mineral Resource and Ore Reserve | ||||
| estimation procedure(s) and classifications applied. | ||||
| • | Whether sample compositing has been applied. |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
13
Phase 2 Rock Chip Assays Confirm Widespread Uranium Anomalism at Reynolds and Reitenbach Lake
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| Criteria | JORC Code explanation | Commentary | |||
|---|---|---|---|---|---|
| Orientation of | • | Whether the orientation of sampling achieves unbiased | • | Current understanding is still evolving and the mineralized | |
| data in relation | sampling of possible structures and the extent to which this | strike directions | are unknown. Rock sampling was | ||
| to geological | is known, considering the deposit type. | completed across | and along strike of outcrop and subcrop | ||
| structure | • | If the relationship between the drilling orientation and the | sample locations. | ||
| 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. | • | All samples were | within the contractors' possession with a |
| security | strong chain of custody protocol. They have been shipped in | ||||
| sealed and manifested sample bags and delivered by a | |||||
| bonded courier to | ALS Global in Sudbury, Ontario, an ISO | ||||
| certified lab. | |||||
| Audits or | • | The results of any audits or reviews of sampling techniques | • | Not applicable | |
| reviews | and data. |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
14
Phase 2 Rock Chip Assays Confirm Widespread Uranium Anomalism at Reynolds and Reitenbach Lake
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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 Reynolds Lake Uranium Project comprises twelve |
| tenement and | including agreements or material issues with third parties | mineral claims (MC00016423 - MC00016434). The | ||
| land tenure | such as joint ventures, partnerships, overriding royalties, | company acquired the project in 2025 (100% ownership) | ||
| status | native title interests, historical sites, wilderness or national | and is not aware of any royalties existing on the claims or | ||
| park and environmental settings. | impediments to obtaining a license to operate in the area. | |||
| • | The security of the tenure held at the time of reporting along | • |
The Reitenbach Lake Uranium Project comprises ten | |
| with any known impediments to obtaining a licence to | mineral claims (MC00018042 - MC00018048, MC00023249 | |||
| operate in the area. | - MC00023251). The company acquired the project in 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 | • | Historical exploration data is available through the Canadian |
| done by other | parties. | Geological Society’s portal. | ||
| parties | ||||
| Geology | • | Deposit type, geological setting and style of mineralisation. | • | The target uranium deposit type remains uncertain at this |
| early stage of exploration but may include high-grade | ||||
| unconformity-style deposits (e.g., Rabbit Lake in |
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| Saskatchewan) or structurally controlled albitite-type | ||||
| deposits (also referred to as shear zone-hosted uranium). | ||||
| Drill hole | • | A summary of all information material to the understanding | • | Not applicable due to no drilling undertaken. |
| Information | 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 |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
15
Phase 2 Rock Chip Assays Confirm Widespread Uranium Anomalism at Reynolds and Reitenbach Lake
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| Criteria | JORC Code explanation | Commentary | ||
|---|---|---|---|---|
| • | 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. | ||||
| Data | • | In reporting Exploration Results, weighting averaging | • | Not applicable due to no drilling undertaken. |
| aggregation | techniques, maximum and/or minimum grade truncations | |||
| 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 | • | Not applicable due to no drilling undertaken. |
| between | reporting of Exploration Results. | |||
| 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 |
||
| ‘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. |
==> picture [12 x 11] intentionally omitted <==
Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
16
Phase 2 Rock Chip Assays Confirm Widespread Uranium Anomalism at Reynolds and Reitenbach Lake
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| Criteria | JORC Code explanation | Commentary | ||
|---|---|---|---|---|
| Balanced | • | Where comprehensive reporting of all Exploration Results is | • |
Not applicable. Complete assay results for the Phase 2 field |
| reporting | not practicable, representative reporting of both low and | program have been disclosed. | ||
| 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 | • | Results from the Phase 1 and Phase 2 field programs will |
| lateral extensions or depth extensions or large-scale step- | be combined with existing geochemical, geophysics and | |||
| out drilling). | structural datasets to support target identification and drill | |||
| • | Diagrams clearly highlighting the areas of possible | planning. | ||
| extensions, including the main geological interpretations and | • |
Appropriate diagrams are included in the main body of this | ||
| future drilling areas, provided this information is not | report. | |||
| commercially sensitive. |
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Infini Resources Limited
www.infiniresources.com.au
ABN 77 656 098 583
InfiniResources
17