Infini Resources (ASX: I88) has expanded its prospective Western Australian uranium ground by acquiring the Bellah Bore East deposit that hosts an older-style JORC resource of 350,000 tonnes at 210 parts per million for 160,000 pounds of the radioactive element.
Bellah Bore East sits next to the company’s Yeelirrie North project, about 60km south-west from the WA gold-mining town of Wiluna and 900km north-east of Perth by road in the East Murchison region. Management says the acquisition is a strategic consolidation of its landholdings in the area, with Bellah Bore East sitting on the western edge and contiguous to its existing Yeelirrie North tenement.
The acquisition sits on a prospecting licence with a 92.67-hectare footprint and the deposit within it stretches for 500m by 150m and is based on historical air-core (AC) drilling of 54 holes. Infini intends to convert the resource to a current 2012 JORC status in a timely manner upon the successful completion of the acquisition.
The company says the purchase from an unrelated private company is conditional and subject to due diligence and any required regulatory, statutory and Government approvals. It expects the transaction to be completed within four weeks.
With this strategic acquisition, the Company has now successfully consolidated its tenure at the Yeelirrie North Uranium Project, following on from the recent major expansion of the Project in April 2024. This acquisition showcases Infini’s determined pursuit of value, as it progresses its Uranium portfolio in both Canada and Australia.
Infini Resources chief executive officer Charles Armstrong
The purchase price of $47,500 for the company’s latest acquisition will be paid from working capital and there is a 1 per cent net-smelter royalty attached. Bellah Bore East has a surficial calcrete-hosted uranium deposit, with mineralisation reported as remaining open in the north-east and returning assays showing a 3m hit at 781ppm including 1m going 2111ppm uranium oxide.
The mineralisation is believed to vary in thickness from 1m to 6m and to lie within 10m from surface, with carnotite showing as the primary mineral ore.
Infini has been abuzz with activity in recent months as it expands its hunt for critical minerals in Canada and also at home in WA.
It recently secured a tick of approval to conduct geophysical surveys, including high-resolution drone magnetics, at its 100 per cent-owned Portland Creek uranium project in the Canadian province of Newfoundland. After receiving the go-ahead from the Newfoundland Government, the company now plans to fly light aircraft LiDAR/photogrammetry, in addition to drone-borne magnetic surveys, over eight targets obscured by transported debris cover.
It believes it could be on the trail of a Canadian uranium deposit at Portland Creek after an initial field program threw up samples assaying as high as 1301ppm. The company says the highly-anomalous spectrometer readings at surface found during the field program supports that belief.
Its extensive recent survey also included 12 rock samples and 168 soil and bio-geochemistry samples, with the biologics being taken from black spruce in Infini’s three priority uranium target areas and 1831 spectrometer point traverse readings.
Management also says its Talus prospect, in the east of the Portland Creek project area, is a tier-one candidate and has thrown up rock chips grading 1020ppm, 986ppm and 454ppm uranium oxide. The pick of the bunch is a stream grab sample going a solid 2180ppm uranium oxide.
Talus is thought to be home to uranium enrichment hosted within a large 1500m-long and up to 250m-wide north-south mylonite zone that is not exposed at the surface, prompting the closer look using geophysical methods.
The project area spans about 108 square kilometres of ground in a large regional uranium anomaly that remains largely unexplored, apart from some historical work done back in the 1970s. The turf is about 6km north-east of Portland Creek, which sits on the north-west coast of Newfoundland.
Infini’s acquisition of Bellah Bore East continues its aggressive expansion with uranium. In Canada, it has a 100 per cent interest in the Des Herbiers uranium project in Quebec, the Tinco South Claim uranium-niobium project in Saskatchewan, the Paterson Lake lithium project in Ontario and the Portland uranium project in Newfoundland.
In WA, it also has 100 per cent interest in the Pegasus lithium-gold project near Ravensthorpe, the Parna lithium project near Norseman and its Yeelirrie project near Wiluna.
And Infini may just have timed its uranium push perfectly as the nuclear fuel stages a renaissance due to many of the world’s leading nations seeking a cleaner energy solution into the near future.
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