Infini Resources (ASX:I88) has announced the strategic acquisition of prospective mineral licences directly adjoining the company’s flagship Portland Creek Uranium Project in Newfoundland, Canada.
The acquisition of these licences increases Infini’s tenement holdings by 7,700 hectares. They are a strategic acquisition, covering ground that hosts the geological extension of the company’s existing tenements.
The new tenements display strong radiometric anomalies that are consistent with the uranium mineralisation identified on the main Portland Creek licences.
Infini has already commenced Phase 2 drilling at Portland Creek, identifying visible uranium across multiple holes over one kilometer apart.
CEO Rohan Bone notes the strategic move in acquiring these new licences.
“Portland Creek is rapidly shaping up as a potential district-scale uranium system, and securing this ground is a strategic step in leveraging Infini’s first-mover advantage,” Bone says.
“The newly secured licences sit directly along the structural corridor we have been actively drilling and carry radiometric and geological signatures that are remarkably consistent with our existing ground.”
An airborne geophysics survey is underway at Portland Creek, with results expected in Q1 2026. This will drive the target refinement towards a greater 2026 exploration and drilling campaign.
Infini Resources is focused on mineral exploration in Canada and Western Australia, focusing on uranium and lithium assets.
Write to Amy Rotman at Mining.com.au
Images: Infini Resources
