BHP suffers $2.6b potash blowout
BHP originally expected to spend $US5.7 billion building the first stage of the Jansen mine in the province of Saskatchewan, but said on Friday the budget would rise to between $US7 billion and $US7.4 billion.
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Sydney Morning Herald
20 hours ago
- Sydney Morning Herald
Infini geared up for pivotal Canadian uranium drill campaign
Infini Resources is ramping up to drill deep into the uranium potential of its Portland Creek project in Newfoundland, Canada after securing two heavyweight Canadian contractors to lead its highly anticipated Phase 2 program. The company has tapped Rodren Drilling and Coast Mountain Geological (CMG) to deliver at least 2500m of diamond drilling across 12 high-priority targets identified in a newly refined exploration model. The targets stretch along a 6km mineralised corridor that has turned up some eye-catching surface results, including a peak uranium reading of 74,997 parts per million, or about 7.5 per cent, at the Falls Lake prospect. Infini says the Phase 2 campaign builds directly off the success of the Phase 1 program and will incorporate a refined exploration model developed from integrated high-priority geophysical, geochemical and structural datasets and confirmed structural controls from the first pass effort. The company says the structurally controlled uranium mineralisation was confirmed within east-west fault zones at the project, with the previous investigations also revealing widespread hydrothermal alteration – an early signal often associated with mineralised systems. The upcoming campaign will now seek to validate and extend those findings, with the drill bit to be guided by integrated geophysical, geochemical and structural datasets, including elevated radiometric signatures, radon gas anomalies and uranium-in-lake sediment results that point to a potential shear-hosted system lurking beneath the surface. '… Infini is well positioned to begin testing the highly prospective targets generated by our refined exploration model...' Infini Resources chief executive officer Rohan Bone Rodren Drilling, with more than 47 years of experience in tough terrain and a deep track record in uranium, is expected to bring the hardware. CMG will provide on-site geological services, including drill supervision, core logging and real-time sampling ensuring Infini can adapt its drilling intensity and hole placement based on the data coming in. Management says it is staying true to a systematic and data-driven approach with the Phase 2 campaign designed to systematically test the priority targets defined by a combination of structural controls, including step-back holes to probe the depth extent of previously incurred mineralisation, with flexibility to scale up drilling based on early results. Additional structural mapping and rock-chip sampling are underway to optimise drillhole placement. Mobilisation of contractors is slated for mid to late August, with drilling to commence shortly thereafter
The Age
20 hours ago
- The Age
Infini geared up for pivotal Canadian uranium drill campaign
Infini Resources is ramping up to drill deep into the uranium potential of its Portland Creek project in Newfoundland, Canada after securing two heavyweight Canadian contractors to lead its highly anticipated Phase 2 program. The company has tapped Rodren Drilling and Coast Mountain Geological (CMG) to deliver at least 2500m of diamond drilling across 12 high-priority targets identified in a newly refined exploration model. The targets stretch along a 6km mineralised corridor that has turned up some eye-catching surface results, including a peak uranium reading of 74,997 parts per million, or about 7.5 per cent, at the Falls Lake prospect. Infini says the Phase 2 campaign builds directly off the success of the Phase 1 program and will incorporate a refined exploration model developed from integrated high-priority geophysical, geochemical and structural datasets and confirmed structural controls from the first pass effort. The company says the structurally controlled uranium mineralisation was confirmed within east-west fault zones at the project, with the previous investigations also revealing widespread hydrothermal alteration – an early signal often associated with mineralised systems. The upcoming campaign will now seek to validate and extend those findings, with the drill bit to be guided by integrated geophysical, geochemical and structural datasets, including elevated radiometric signatures, radon gas anomalies and uranium-in-lake sediment results that point to a potential shear-hosted system lurking beneath the surface. '… Infini is well positioned to begin testing the highly prospective targets generated by our refined exploration model...' Infini Resources chief executive officer Rohan Bone Rodren Drilling, with more than 47 years of experience in tough terrain and a deep track record in uranium, is expected to bring the hardware. CMG will provide on-site geological services, including drill supervision, core logging and real-time sampling ensuring Infini can adapt its drilling intensity and hole placement based on the data coming in. Management says it is staying true to a systematic and data-driven approach with the Phase 2 campaign designed to systematically test the priority targets defined by a combination of structural controls, including step-back holes to probe the depth extent of previously incurred mineralisation, with flexibility to scale up drilling based on early results. Additional structural mapping and rock-chip sampling are underway to optimise drillhole placement. Mobilisation of contractors is slated for mid to late August, with drilling to commence shortly thereafter
West Australian
20 hours ago
- West Australian
Infini geared up for pivotal Canadian uranium drill campaign
Infini Resources is ramping up to drill deep into the uranium potential of its Portland Creek project in Newfoundland, Canada after securing two heavyweight Canadian contractors to lead its highly anticipated Phase 2 program. The company has tapped Rodren Drilling and Coast Mountain Geological (CMG) to deliver at least 2500m of diamond drilling across 12 high-priority targets identified in a newly refined exploration model. The targets stretch along a 6km mineralised corridor that has turned up some eye-catching surface results, including a peak uranium reading of 74,997 parts per million, or about 7.5 per cent, at the Falls Lake prospect. Infini says the Phase 2 campaign builds directly off the success of the Phase 1 program and will incorporate a refined exploration model developed from integrated high-priority geophysical, geochemical and structural datasets and confirmed structural controls from the first pass effort. The company says the structurally controlled uranium mineralisation was confirmed within east-west fault zones at the project, with the previous investigations also revealing widespread hydrothermal alteration – an early signal often associated with mineralised systems. The upcoming campaign will now seek to validate and extend those findings, with the drill bit to be guided by integrated geophysical, geochemical and structural datasets, including elevated radiometric signatures, radon gas anomalies and uranium-in-lake sediment results that point to a potential shear-hosted system lurking beneath the surface. Rodren Drilling, with more than 47 years of experience in tough terrain and a deep track record in uranium, is expected to bring the hardware. CMG will provide on-site geological services, including drill supervision, core logging and real-time sampling ensuring Infini can adapt its drilling intensity and hole placement based on the data coming in. Management says it is staying true to a systematic and data-driven approach with the Phase 2 campaign designed to systematically test the priority targets defined by a combination of structural controls, including step-back holes to probe the depth extent of previously incurred mineralisation, with flexibility to scale up drilling based on early results. Additional structural mapping and rock-chip sampling are underway to optimise drillhole placement. Mobilisation of contractors is slated for mid to late August, with drilling to commence shortly thereafter The Portland Creek project spans 149-square-kilometres within the Precambrian Long-Range Complex in the Newfoundland and Labrador regions of northeastern Canada - a region first flagged for uranium back in the 1970s, but now receiving a modern rethink. Infini's recent boots-on-the-ground exploration looks to have now verified these earlier indicators after delineating a substantial 6km zone of uranium and radon gas that management believes is primed for discovery. Soil sampling at Falls Lake has revealed an 800m by 100m high-grade anomaly peaking at uber-high grade 7.5 per cent uranium oxide. While Portland Creek is the company's immediate focus, Infini also holds ground in Saskatchewan's Athabasca Basin, including the Reynolds and Boulding Lake projects, regions synonymous with high-grade uranium. The company's flagship Des Herbiers deposit in the Athabasca boasts an inferred resource of 162 million tonnes at 123 ppm uranium oxide for 43.95 million pounds of contained uranium. Uranium prices have nearly tripled in the past four years as the world scrambles to secure clean baseload power and nuclear energy is now squarely back in favour. And, as the drill rigs begin to bite into the bedrock at Portland Creek, Infini is chasing not just a mineralised structure, but the kind of discovery that could reshape the region and place it on the same map as Canada's legendary Athabasca deposits. Is your ASX-listed company doing something interesting? Contact:
