30% Expansion of Portland Creek Footprint Complete
Released
Released
Announcement PDF
ASX Announcement
Released 29 January 2026
30% Expansion of Portland Creek
Footprint Complete
Infini Resources Ltd (ASX: I88, “Infini” or the “Company”) is pleased to announce the completion of
the acquisition of Mineral Licences 036831M and 036832M, located immediately south of the Company’s
flagship Portland Creek Uranium Project in Newfoundland, Canada, as previously announced on 24
December 2025.
The completion of this transaction increases Infini’s Portland Creek landholding by approximately 7,700
hectares, lifting the Company’s total land position in Newfoundland to over 32,000 hectares and
consolidating Infini’s control over what is emerging as a potential district-scale uranium system.
Transaction Completion
The Company confirms that all conditions under the binding purchase agreement have been satisfied
and the transaction has now been completed. As a result:
• 100% legal and beneficial ownership of Mineral Licences 036831M and 036832M has transferred
to Infini’s wholly owned Canadian subsidiary, Infini Newfoundland and Labrador Ltd.
• Cash consideration of A$50,000 has been paid to the vendor.
• A total of 1,464,435 fully paid ordinary shares have been issued to the vendor at an issue price
of A$0.239 per share, being the Company’s 5-day VWAP prior to execution, in accordance with
the previously disclosed terms.
• A 2.0% Net Smelter Return (NSR) royalty has been granted over the acquired licences under
industry-standard conditions.
The abovementioned consideration shares are subject to a 12-month voluntary escrow period and will be
issued pursuant to the Company’s placement capacity under ASX Listing Rule 7.1.
References
1. ASX Release, Infini Resources, Strategic Acquisition Increases Portland Creek Uranium Project
Footprint by 30%, 24th December 2025.
[END]
Release authorised by the Board of Infini Resources Ltd.
Contacts
Rohan Bone
Chief Executive Officer
E: info@infiniresources.com.au
30% Expansion of Portland Creek Footprint Complete
Infini Resources Limited ABN 77 656 098 583 www.infiniresources.com.au
InfiniResources
2
About Portland Creek Uranium Project
The Portland Creek Uranium Project spans 328 km² and lies within the Precambrian Long-Range
Complex of the Humber Tectonic-Stratigraphic Zone. The geology consists of metaquartzite and a suite
of paragneisses, intruded by leucocratic granite, which are believed to have been thrust westward over
Paleozoic carbonate-dominant sediments.
The project area covers a large regional uranium anomaly, first identified in the 1970’s through a
Newfoundland government lake sediment sampling program. Originally, one uranium showing was
recorded in the Newfoundland Mineral Deposit Index, reporting 2,180 ppm U₃O₈. A compilation of historic
and recent exploration data has since delineated a 6 km zone of anomalous uranium and radon gas in
lake sediments, soils and in an airborne radiometric survey. This anomaly closely follows a prominent
fault scarp, marking the edge of a granitic plateau interpreted as a deep-seated fault.
Since listing, the Company has verified historical uranium anomalies and completed a soil sampling grid
over the Falls Lake Prospect (formerly the Talus Prospect). This work defined a ~800 m x 100 m high-
grade uranium anomaly, with a peak result of 74,997 ppm U₃O₈. This anomaly is located down-ice and
west of a 1.5 km radiometric anomaly. Additionally, Infini has identified a southern 500 m-wide cluster of
high-grade soil samples, which includes a peak of 1,500 ppm U₃O₈ and lies 1.5 km from the recently
completed Phase 2 drill program.
Figure 1: Overview of prospective exploration areas at Portland Creek, demonstrating the occurrence of soil
sampling assays up to 74,997 ppm U₃O₈, anomalous radiometric data and Infini’s tenement holdings.
30% Expansion of Portland Creek Footprint Complete
Infini Resources Limited ABN 77 656 098 583 www.infiniresources.com.au
InfiniResources
3
About Infini Resources Ltd (ASX: I88)
Infini Resources Ltd is an Australian energy metals company focused on mineral exploration in Canada
and Western Australia for uranium and lithium. The company has a diversified and highly prospective
portfolio of assets that includes greenfield and more advanced brownfield projects. The company’s
mission is to increase shareholder wealth through exploration growth and mine development.
JORC 2012 Mineral
Resource Deposit
JORC 2012 Classification Tonnes and Grade
Des Herbiers (U) Inferred Combined Resource 162 Mt @ 123ppm U3O8 (43.95mlb)
Figure 2: Overview of Infini's portfolio of projects and global footprint.
Compliance Statement
This announcement contains information on the Portland Creek Project extracted from ASX market
announcements dated 10 January 2024, 15 January 2024, 29 January 2024, 19 February 2024, 28 May
2024, 1 July 2024, 10 July 2024, 22 July 2024, 14 October 2024, 23 December 2024, 26 March 2025, 4
July 2025, 14 July 2025, 28 July 2025, 30 July 2025, 3 September 2025, 11 September 2025, 9 October
2025, 13 October 2025, 21 November 2025, 12 December 2025 and 24 December 2025 reported in
accordance with the 2012 edition of the “Australian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves” (JORC Code). The original market announcements are available to view
on www.infiniresources.com.au and www.asx.com.au. The Company is not aware of any new information
or data that materially affects the information included in the original market announcement.
This report contains information regarding the Des Herbiers Mineral Resources Estimate extracted from
the Company’s Prospectus dated 30 November 2023 and released to the ASX market announcements
platform on 10 January 2024, reported in accordance with the 2012 edition of the “Australian Code for
Reporting of Exploration Results, Mineral Resources and Ore Reserves” (JORC Code). The Company
confirms that it is not aware of any new information or data that materially affects the information included
in any original announcement and that all material assumptions and technical parameters underpinning
the estimates in the original market announcement continue to apply and have not materially changed.
The original market announcements are available to view on www.infiniresources.com.au and
www.asx.com.au.
30% Expansion of Portland Creek Footprint Complete
Infini Resources Limited ABN 77 656 098 583 www.infiniresources.com.au
InfiniResources
4
Forward Looking Statements
This announcement may contain certain forward-looking statements and projections. Such forward
looking statements/projections are estimates for discussion purposes only and should not be relied upon.
Forward looking statements/projections are inherently uncertain and may therefore differ materially from
results ultimately achieved. Infini Resources Limited does not make any representations and provides no
warranties concerning the accuracy of the projections and disclaims any obligation to update or revise
any forward-looking statements/projects based on new information, future events or otherwise except to
the extent required by applicable laws. While the information contained in this report has been prepared
in good faith, neither Infini Resources Limited or any of its directors, officers, agents, employees or
advisors give any representation or warranty, express or implied, as to the fairness, accuracy,
completeness or correctness of the information, opinions and conclusions contained in this
announcement.
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