Latest news with #Infini
West Australian
a day ago
- Business
- West Australian
Infini targets high-grade uranium hits in Canadian campaign
Infini Resources is gearing up for a second-phase drilling campaign at its Portland Creek uranium project in Canada, where a refined exploration model points to shallow, high-grade uranium linked to east-west faults. The campaign will follow up on surface anomalies peaking at an eye-catching 7.5 per cent uranium oxide and aims to unlock a potential 6-kilometre mineralised corridor. The company says a refined exploration model, built from phase one drilling, structural mapping, geochemical sampling and airborne geophysics has uncovered a set of untested east-west fault systems interpreted as primary controls on uranium mineralisation. These faults are believed to be shallow, near-vertical and outcropping, with uranium values at surface peaking at a spectacular 74,997 parts per million (ppm) uranium oxide, or about 7.5 per cent. In total, 12 high-priority drill targets have been defined along the 6km corridor. A 2500-metre diamond drill program is set to begin in the third quarter this year, with flexibility built in to scale it up depending on early results. The latest model points to uranium-enriched hydrothermal veins hosted in granite and associated with brecciation, stockwork veining and hematite alteration - classic signs of a shear-hosted uranium system. Early mapping has revealed uranium-bearing granite boulders and outcropping mineralised veins grading up to 2180ppm uranium oxide, adding to the company's confidence that the targets could be part of a broader, fertile system and not just geophysical anomalies. Infini's geologists believe the uranium-bearing structures are linked to low-angle shear zones feeding hydrothermal fluids upward into more brittle east-west structures - a model that could explain both the surface uranium anomalies and the subsurface potential. Infini Resources chief executive officer Rohan Bone said: 'Refinements to the exploration model have unlocked further insights into the origination of the outstanding uranium-bearing soil samples. We now believe these are resultant from the primary east-west faults sub-cropping into the soils.' The upcoming campaign will test several faults, including using step-back holes to assess depth potential. Structural mapping and rock-chip sampling are underway to optimise the hole placement. Infini's in-country geological team will oversee the program. Portland Creek is just one part of Infini's expanding Canadian uranium portfolio, which also includes the Reynolds Lake project in the Athabasca Basin, home to some of the world's highest-grade uranium deposits. A recent electromagnetic survey at Reynolds Lake identified multiple vertically dipping bedrock conductors more than 10km in length, coincident with magnetic lows and uranium radiometric anomalies, which present a promising sign of shallow, unconformity-style mineralisation. The company's Canadian assets are being brought into sharper focus at a time when uranium has re-emerged at the front and centre of the global energy conversation. With more than 60 nuclear reactors under construction worldwide, led by China and India, the call for clean baseload power is reshaping uranium markets. Prices have tripled in the past four years, fuelled by tightening supply, rising geopolitical tensions across the globe and a growing consensus that nuclear energy will play a pivotal role in hitting net-zero targets. Infini is one of several Australian juniors looking to position themselves in the next uranium cycle - and with aggressive exploration in world-class Canadian terrain, the company is staking its claim early. Is your ASX-listed company doing something interesting? Contact:
Sydney Morning Herald
6 days ago
- Business
- Sydney Morning Herald
Infini finds major uranium indicators in Canada's Athabasca Basin
Infini Resources will further explore major bedrock conductors indicating shallow uranium mineralisation, which it identified using airborne geophysics at the company's Reynolds Lake project in Canada's renowned Athabasca Basin. The encouraging results were obtained from a recent high-resolution airborne time-domain electromagnetic survey at Reynolds Lake, which covered 1100 line kilometres. This first modern airborne EM study on the site since the 1970s has identified significant bedrock conductors, including two more than 10 kilometres long in the southern project area. The conductors align with magnetic lows and uranium radiometric anomalies and indicate potential for shallow, unconformity-style uranium mineralisation near the margin of the Athabasca Basin, a region recognised globally for its high-grade uranium deposits. Interpreted by geophysicists Resource Potentials, the TDEM data reveals vertically dipping conductors at depths as shallow as 20 metres below surface. Most of the newly identified targets have not been subject to any modern exploration. 'The identification of major EM conductors in an historically underexplored region located on the outboard edge of the Athabasca Basin is highly significant.' Infini Resources chief executive officer Rohan Bone Significantly, the 20m depth is shallower than typical Athabasca Basin uranium deposits such as Cameco Corporation's Cigar Lake, 480m below surface, or McArthur River at 530m depth. The company's radiometric data reinforces the prospect of near-surface uranium mineralisation. The shallow setting will help Infini's exploration efforts, including by significantly reducing its costs.
The Age
6 days ago
- Business
- The Age
Infini finds major uranium indicators in Canada's Athabasca Basin
Infini Resources will further explore major bedrock conductors indicating shallow uranium mineralisation, which it identified using airborne geophysics at the company's Reynolds Lake project in Canada's renowned Athabasca Basin. The encouraging results were obtained from a recent high-resolution airborne time-domain electromagnetic survey at Reynolds Lake, which covered 1100 line kilometres. This first modern airborne EM study on the site since the 1970s has identified significant bedrock conductors, including two more than 10 kilometres long in the southern project area. The conductors align with magnetic lows and uranium radiometric anomalies and indicate potential for shallow, unconformity-style uranium mineralisation near the margin of the Athabasca Basin, a region recognised globally for its high-grade uranium deposits. Interpreted by geophysicists Resource Potentials, the TDEM data reveals vertically dipping conductors at depths as shallow as 20 metres below surface. Most of the newly identified targets have not been subject to any modern exploration. 'The identification of major EM conductors in an historically underexplored region located on the outboard edge of the Athabasca Basin is highly significant.' Infini Resources chief executive officer Rohan Bone Significantly, the 20m depth is shallower than typical Athabasca Basin uranium deposits such as Cameco Corporation's Cigar Lake, 480m below surface, or McArthur River at 530m depth. The company's radiometric data reinforces the prospect of near-surface uranium mineralisation. The shallow setting will help Infini's exploration efforts, including by significantly reducing its costs.
West Australian
6 days ago
- Business
- West Australian
Infini finds major uranium indicators in Canada's Athabasca Basin
Infini Resources will further explore major bedrock conductors indicating shallow uranium mineralisation, which it identified using airborne geophysics at the company's Reynolds Lake project in Canada's renowned Athabasca Basin. The encouraging results were obtained from a recent high-resolution airborne time-domain electromagnetic survey at Reynolds Lake, which covered 1100 line kilometres. This first modern airborne EM study on the site since the 1970s has identified significant bedrock conductors, including two more than 10 kilometres long in the southern project area. The conductors align with magnetic lows and uranium radiometric anomalies and indicate potential for shallow, unconformity-style uranium mineralisation near the margin of the Athabasca Basin, a region recognised globally for its high-grade uranium deposits. Interpreted by geophysicists Resource Potentials, the TDEM data reveals vertically dipping conductors at depths as shallow as 20 metres below surface. Most of the newly identified targets have not been subject to any modern exploration. Significantly, the 20m depth is shallower than typical Athabasca Basin uranium deposits such as Cameco Corporation's Cigar Lake, 480m below surface, or McArthur River at 530m depth. The company's radiometric data reinforces the prospect of near-surface uranium mineralisation. The shallow setting will help Infini's exploration efforts, including by significantly reducing its costs. The conductors indicate graphitic meta-pelitic rocks near the Needle Falls Shear Zone, which are critical for uranium precipitation. Those rock types originate from the transformation of clay-rich sedimentary rocks such as shales and mudstones. Bone said the coincidence of key geophysical markers across multiple large-scale anomalies reinforces the prospectivity for unconformity-style uranium mineralisation and the shallow potentially outcropping anomalies could be efficiently and quickly explored. The 386-square-kilometre Reynolds Lake project straddles the Wollaston and Peter Lake geological domains, where conditions favour unconformity-type deposits. The project is on an outcropping interface of key geological domains, and is underlain by Archean felsic gneisses and Lower Proterozoic metamorphic rocks, including graphitic schists, which favour the project hosting uranium. Infini is advancing a systematic exploration strategy, using modern technologies to unlock the value of its Reynolds Lake prospect. The company is integrating its TDEM results into a comprehensive desktop study combining geophysical, geochemical and mapping data to identify high-priority and walk-up targets for its next exploration phase. The study is nearing completion and will guide an upcoming field campaign involving prospecting, rock geochemical sampling and mapping to further evaluate the project's potential. The shallow targets and strong geological indicators at Reynolds Lake make it a standout asset for future development. With its desktop study set to conclude, Infini Resources is poised to transition to field exploration and build on its initial encouraging results. The Australian energy metals company is focused on Canada and Western Australia, where it is targeting uranium and lithium across a diversified portfolio of greenfield and brownfield projects. Its keen approach and strategic asset base offer a promising path forward in a potentially accelerating uranium exploration space. Is your ASX-listed company doing something interesting? Contact:
Yahoo
18-07-2025
- Business
- Yahoo
Ethereum nears $3,500 as Trump-backed fund buys $5M in ETH
Ethereum nears $3,500 as Trump-backed fund buys $5M in ETH originally appeared on TheStreet. After a rather lethargic cycle, Ethereum's price is now approaching $3,500. The last time the cryptocurrency surpassed this mark was around Donald Trump's presidential inauguration in January. Amid the latest uptick, there are several actors who have become active and are moving assets. Firstly, the Trump-backed crypto venture, World Liberty Financial, bought $5 million in 1,531 ETH on July 16, as per the on-chain analytics firm Lookonchain. The organization made the purchase at an average price of $3,266 per ETH. The analytics platform also highlighted the recent whale activity. While most whales are buying ETH, two whales recently liquidated their ETH holdings worth $528 million. Trend Research, an investment firm, recently sold 79,470 ETH worth $250 million, still holding 105,664 ETH. A pseudonymous whale address, 0xd8d0, sold 98,610 ETH worth $278 million over the last few days. That's not all. Even a malicious actor was quick to tap the opportunity offered by the bullish run to liquidate stolen ETH July 17, the hacker who exploited the Infini platform in February transferred 4,770 ETH to two addresses. While one address laundered 3,000 ETH via Tornado Cash, another swapped 1,770 ETH for 5.9 million DAI, PeckShieldAlert noted. The hacker exploited the Hong Kong-based stablecoin neobank and payments platform for $49.5 million in February. Several crypto users are increasingly turning to the industry-leading Ledger wallets due to the security they offer as exploits are quite common in the industry. Ethereum, the second-largest cryptocurrency after Bitcoin, has surged more than 20% over the last seven days. Fundstrat co-founder and Bitmine Immersion Technologies chairman Tom Lee recently credited the stablecoin and tokenization boom for the asset's price surge. He has predicted that ETH could "probably" go up to $10,000. Ethereum nears $3,500 as Trump-backed fund buys $5M in ETH first appeared on TheStreet on Jul 17, 2025 This story was originally reported by TheStreet on Jul 17, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
