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By Rowena Duckworth
Infini Resources has fired off a cracking finish to its phase two diamond drilling program at the company’s Portland Creek uranium project in Newfoundland, completing 5310m across 17 holes and revealing a geological picture that continues to strengthen by the week.
The company’s rapid progress, helped along by smooth operational performance and favourable late-season conditions, has now set the stage for one of its most significant data releases to date.
Infini Resources’ geologists ready to launch heli-survey at Portland Creek in Canada.
The program systematically tested eight structural, geochemical and geophysical targets across a 6-kilometre corridor marked by major faults, radiometric highs, airborne electromagnetic (EM) conductors and uranium-in-soil anomalies. Importantly, visible uranium and elevated portable X-ray fluorescence (pXRF) readings have been encountered in several holes more than a kilometre apart – a spread that suggests Infini may be onto something with real district-scale potential.
Adding further intrigue, drilling also pulled up thick zones of molybdenum, zinc, copper and other polymetallic pathfinders. The combination points to a large hydrothermal system that may be feeding uranium enrichment at multiple structural nodes along the corridor. While pXRF hits and field mapping provide encouraging early clues, Infini says the real story will come from the assay lab, with first results due later this quarter.
‘Portland Creek hosts a potential district-scale uranium system with numerous targets yet to be tested.’
Infini Resources chief executive officer Rohan Bone
However, the company isn’t waiting around. With drilling shutters now down for the season, Infini has shifted into airborne mode, launching a heli-supported geophysical survey designed to tighten targeting for an expanded 2026 program. Using the Xcite time-domain EM system, the survey will collect high-resolution electromagnetic, magnetic and radiometric data over the newly consolidated tenement package.
Management says the dataset will provide an important insight into subsurface conductors, structural corridors, lithological boundaries and potential extensions of the uranium-bearing systems that have already been tapped by drilling. Results are expected in the first quarter of calendar 2026 and will be integrated with drill data to define priority 2026 holes.
The Portland Creek project now covers 252 square kilometres within Newfoundland’s Precambrian Long-Range Complex – a province built on mining and underpinned by historical government-led uranium exploration in the 1970’s.
The region also has pedigree. It sits near the past-producing Daniel’s Harbour, Mississippi Valley-Type zinc mine, which churned out millions of tonnes of zinc concentrate between the 1970’s and 1990s. The structural architecture associated with that mine is thought to extend well into Infini’s ground.
Infini Resources chief executive officer Rohan Bone said: “Over 5,000 metres drilled across 17 holes has delivered visible uranium, strong alteration and encouraging polymetallic signatures over a strike length exceeding six kilometres. This reinforces our view that Portland Creek hosts a potential district-scale uranium system with numerous targets yet to be tested.”
Bone added that the twin dataset of drill assays and airborne geophysics, due between now and the first quarter of 2026, would provide the sharpest picture yet of the project’s architecture and guide an even larger drill assault next year.
It comes at a time when uranium’s global narrative has strengthened dramatically. The United States has committed to quadrupling nuclear-derived electricity generation by 2050 as part of its clean-energy transition. At the same time, the World Nuclear Association has forecast reactor uranium requirements to grow at 5.3 per cent annually through to 2040 – one of the strongest long-term demand outlooks in the commodity space.
Uranium prices have continued to flex, recently trading in the mid-US$80/lb range after hitting 16-year highs earlier this year. Supply remains tight, with major producers signalling constrained output and several new reactors set to come online globally.
Analysts increasingly see structural deficits forming from 2027 onward as utilities rush to secure long-term supply. Against a tightening market – particularly in geopolitically secure jurisdictions such as Canada – companies with early-stage discoveries are drawing heightened investor interest, with explorers like Infini well-placed to ride the sector’s momentum.
Infini appears to have hit its stride at exactly the right moment. With assays pending, fresh geophysics on the way and a rapidly evolving regional-scale picture, the company is positioning itself as a potential new entrant into the increasingly strategic North American uranium supply chain.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
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