Infini has wasted no time capitalising on the results from the two scout sampling phases which comprise 181 rock-chip samples in total. The assays have already sharpened the company’s drill targets, de-risked the story and are now paving the way for a maiden campaign slated for the second quarter of the year.
Infini Resources chief executive officer Rohan Bone said: “Receiving the phase two assay results is an important step forward for Infini. While the Titus prospect remains a standout high-grade target, the phase two results demonstrate that uranium anomalism is broader and more extensive across both Reynolds and Reitenbach than initially mapped.”
The projects sit in prime uranium territory, with a combined 766 square kilometres of contiguous ground straddling the major Needle Falls shear zone. The ground features Archean-Paleoproterozoic basement rocks, graphitic schists and all the right structural plumbing to host unconformity-related uranium.
Infini says permitting and stakeholder discussions are already underway, including engagement with regulatory government agencies, alongside First Nations groups such as Ya’thi Néné Lands and Resources.
The company is also lining up key contractors. Notably, the entire planned drill program will be fully funded from existing cash reserves, avoiding any immediate and dilutive capital raisings required to get the drill rods turning.
The latest results have landed only a week after the company secured a bigger slice of the Athabasca Basin, with three additional mineral claims totalling 8900 hectares adjacent to its Reitenbach Lake project. The new ground has lifted Infini’s landholding at Reitenbach Lake by more than 30 per cent, expanding the project footprint to 381 square kilometres.
For a junior such as Infini, with its sights set on energy metals across Canada and Western Australia, the latest results have marked a clear step-up in both confidence and geological conviction.
To date, the eastern flank of the Athabasca Basin hasn’t met the same level of attention as the core basin. Still, the geology screams potential, especially now that primary uranium has been confirmed at surface and supported by petrographic work that indicates a hydrothermally altered, structurally prepared basement setting.
With uranium sentiment riding high globally and Infini hitting all the right notes with its strong surface geochemistry, geophysical alignments, definitive geology and maiden drilling in its sights, the company may well be worth keeping an eye on as the drilling fires up in the next quarter.
The next few months of target refinement and historical data integration could turn today’s promising anomalies into well-honed drill targets backed by solid rationale.
With any luck, Infini could be on the cusp of turning the margins of the renowned Athabasca basin into the region’s next big basement-hosted uranium surprise.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
