Announcement PDF ASX Announcement Released 31 July 2026 ANNUAL REPORT For the year ended 30 June 2026 Infini Resources Ltd ASX: I88 ACN: 656 098 583 infiniresources.com.au T | +61 (8) 9465 1051 E | info@infiniresources.com.au FY26 HIGHLIGHTS Portland Creek Completed 5,310 metres of Phase 2 diamond drilling across 17 holes, testing priority structural and geochemical targets. Completed 2,230 line-km of airborne geophysics surveying to improve structural interpretation and drill targeting. More than doubled the project footprint to 328 km² through additional staking and acquisition, securing Reynolds Lake & Reitenbach Lake Confirmed high-grade uranium mineralisation at the Titus Prospect, with surface rock-chip assays up to 1.90% U₃O₈. Expanded the Reitenbach Lake footprint by 31%, securing interpreted extensions of key EM conductors & structures. Commenced maiden diamond drilling across both projects, targeting coincident electromagnetic Corporate Raised ~A$15m before costs through Canadian flow- through financing and concurrent placement to fund exploration. Appointed uranium exploration specialist Andy Yackulic as Strategic Technical Advisor, adding extensive Athabasca Basin experience. Closed the financial year with A$6.3 million in cash to support continued exploration across the Annual Report for the Year Ended 30 June 2026 CORPORATE INFORMATION DIRECTORS Dr David Pevcic Non-Executive Chairman Dr Andrew Wilde Non-Executive Director Mr Faheem Ahmed Non-Executive Director Ms Pamela Naidoo-Ameglio Non-Executive Director OFFICERS Mr Rohan Bone Chief Executive Officer Mr Jay Stephenson Chief Financial Officer Mr Harry Spindler Company Secretary AUDITORS HLB Mann Judd Level 4 130 Stirling Street Perth WA 6000 SHARE REGISTRY Automic Registry Services Level 5 126 Phillips Street Sydney NSW 2000 Tel: (02) 9698 5414 SECURITIES EXCHANGE LISTING ASX Limited 20 Bridge Street Sydney NSW 2000 ASX Code – I88 AUSTRALIAN SOLICITORS Hamilton Locke Pty Ltd Level 48, 152-158 St Georges Terrace Perth WA 6000 CANADIAN SOLICITORS Osler, Hoskin & Harcourt LLP 1055 West Hastings Street Suite 1700 Vancouver BC V6E 2E9 REGISTERED OFFICE & PRINCIPAL PLACE OF BUSINESS Level 50 108 St Georges Terrace Perth WA 6000 CONTACT US T: +61 8 9465 1051 E: info@infiniresources.com.au W: infiniresources.com.au Page 3 | ASX:I88 CONTENTS T H E R E P O R T Directors’ Report 5 Operations, governance and statutory disclosures Remuneration Report 32 Audited Auditor’s Independence Declaration 40 F I N A N C I A L R E P O R T Statement of Profit or Loss and Other Comprehensive Income 41 Statement of Financial Position 42 Statement of Cash Flows 43 Statement of Changes in Equity 44 Notes to the Financial Statements 45 Consolidated Entity Disclosure Statement 66 Directors’ Declaration 68 Independent Auditor’s Report 69 S H A R E H O L D E R I N F O R M A T I O N Additional Information for Listed Companies 73 Annual Report for the Year Ended 30 June 2026 Page 4 | ASX:I88 DIRECTORS’ REPORT The Directors present their report together with the financial report of Infini Resources Limited (ASX:I88, “Infini” or the “Company”) and its controlled entities (collectively referred as “Consolidated Entity” or the “Group”) for the financial year ended 30 June 2026. All amounts are presented in Australian Dollars (AUD$), unless noted otherwise. In order to comply with the provisions of the Corporations Act 2001, the Directors report as follows: Directors The following persons were Directors of the Company during the year and up to the date of this report: DR. DAVID PEVCIC NON-EXECUTIVE CHAIRMAN Experience Dr David Pevcic is an experienced corporate professional and investor, with a principal focus on the resources and technology sectors. Dr Pevcic is the founder of Infini Resources Limited, Non-Executive Chairman of Nanoveu Limited (ASX:NVU), Non-Executive Chairman of Battery Age Minerals Limited (ASX:BM8), and director of several privately owned mineral exploration ventures. Dr Pevcic holds a Bachelor of Science, Bachelor of Medicine and Bachelor of Surgery from the University of Western Australia. The Board does not consider that Dr Pevcic is an independent Director Interest in Shares and Options 7,112,544 fully paid ordinary shares 5,111,469 options Directorship held in other listed entities Nanoveu Limited (ASX:NVU) – Appointed 27 March 2023 Battery Age Minerals Limited (ASX:BM8) – Appointed 31 January 2023 Annual Report for the Year Ended 30 June 2026 Appointed Resigned Dr. David Pevcic 16 December 2021 - Dr. Andrew Wilde 29 January 2024 - Mr. Faheem Ahmed 30 September 2025 - Ms. Pamela Naidoo-Ameglio 16 December 2025 - Mr. Robert Martin 24 February 2023 30 September 2025 Page 5 | ASX:I88 DR. ANDREW WILDE NON-EXECUTIVE DIRECTOR Experience Dr Wilde is a geologist with over 35 years industry experience, including over 10 years’ as chief geologist for uranium mining and exploration companies Paladin Energy Ltd (ASX:PDN) and Deep Yellow Ltd (ASX:DYL). In these roles he was responsible for leading technical aspects of uranium exploration and project assessment in Namibia, Malawi, Canada and Australia among others, and played an important role in the discovery of Deep Yellow’s Barking Gecko and Iguana uranium deposits in Namibia. More recently he provided the technical basis for the ASX listing of 92 Energy Ltd (ASX:92E) and was pivotal in the discovery of that company’s GMZ uranium deposit in Saskatchewan, Canada. The Board considers that Dr Wilde is an independent Director. Interest in Shares and Options 83,333 fully paid ordinary shares 604,167 options Directorship held in other listed entities Nil MR. FAHEEM AHMED NON-EXECUTIVE DIRECTOR Experience Mr Ahmed holds a Bachelor of Engineering and Bachelor of Project Management and has over 7 years of experience in project evaluation, asset management, data analysis, lifecycle cost analysis and risk modelling including projects in the fields of infrastructure, mining, health and transport. Mr Ahmed joined Viridis Mining & Minerals in February 2023 and led the transition of the company into the Rare Earths sector where he played a hands- on role in the company’s successful exploration and development strategy. The Board considers that Mr Ahmed is an independent Director. Interest in Shares and Options 150,000 fully paid ordinary shares 37,500 options Directorship held in other listed entities Dalaroo Metals Ltd (ASX:DAL) – Appointed 29 April 2026 Annual Report for the Year Ended 30 June 2026 Page 6 | ASX:I88 MS. PAMELA NAIDOO-AMEGLIO NON-EXECUTIVE DIRECTOR Experience Ms Naidoo-Ameglio is an internationally recognised executive with more than 25 years’ experience across mining, geoscience, nuclear operations and advanced technology. She most recently served as Group Executive – Nuclear Operations & Nuclear Medicine at the Australian Nuclear Science and Technology Organisation (ANSTO), where she oversaw the operation of Australia’s only nuclear research reactor (OPAL), nuclear medicine production, radioactive waste management and major nuclear infrastructure. Prior to ANSTO, Ms Naidoo-Ameglio held senior leadership roles with South32, BHP, Rio Tinto and De Beers, gaining extensive experience across operations, technology deployment, governance and stakeholder engagement. She has also held a number of board and advisory roles across industry and technology organisations and is a Fellow of the Australian Academy of Technological Sciences & Engineering (ATSE). Her expertise in nuclear operations and mining provides valuable strategic insight to Infini as the Company advances its uranium exploration portfolio. Interest in Shares and Options Nil Directorship held in other listed entities Nil Key Management Personnel ROHAN BONE CHIEF EXECUTIVE OFFICER Experience Mr Rohan Bone is an accomplished mining executive with more than 18 years of global experience across operations, strategy, business development and project delivery. His career spans multiple commodities and jurisdictions, having worked across Australia, Asia, North America and Europe. Prior to joining Infini, Rohan held senior roles with Alcoa, Thyssenkrupp Mining Technologies and Tata Steel Minerals Canada. His experience includes leading major feasibility studies, operational optimisation programs, mergers and acquisitions, global strategy development, and stakeholder engagement with governments, regulators and communities. Rohan holds a Bachelor of Engineering (Mining, Hons) from Curtin University’s WA School of Mines, a Master of Engineering Science (Civil & Project Management) from the University of New South Wales, and a Graduate Diploma in Regional Development from the University of Western Australia Mr Bone is also currently serving as a Non-Executive Director of Lithium Universe (ASX:LU7). Annual Report for the Year Ended 30 June 2026 Page 7 | ASX:I88 MR. JAY STEPHENSON CHIEF FINANCIAL OFFICER Experience Jay Stephenson has been involved in business development for over 35 years including approximately 30 years as Director, Chief Financial Officer and Company Secretary for various listed and unlisted entities in resources, manufacturing, information technology, health care, wine, hotels and property. Jay has been involved in business acquisitions, mergers, initial public offerings, capital raisings, business restructuring as well as managing all areas of finance for companies. Jay holds a Master of Business Administration, is a Chartered Accountant, Fellow of Certified Practicing Accountants Australia, a Fellow of the Governance Institute of Australia, a member of Chartered Professional Accountants and Certified Management Accountants in Canada. MR. HARRY SPINDLER COMPANY SECRETARY Experience Mr. Spindler is an experienced corporate professional with a broad range of corporate governance and capital markets experience, having held various director and company secretary positions and been involved with several public company listings, merger and acquisition transactions and capital raisings for ASX-listed companies across a diverse range of industries over the past 25 years. Harry is a member of Chartered Accountants Australia and New Zealand and a member of the Financial Services Institute of Australia. Mr Spindler began his career in corporate recovery and restructuring at one of Australia’s leading independent financial advisory and restructuring providers Ferrier Hodgson (now KPMG) and has for the past 11 years worked for corporate advisory firms through which he has advised a number of clients in a range of industries, as well as held positions as company secretary for a number of ASX-listed companies, including Sino Gas & Energy Holdings Ltd (ASX:SEH; ASX 300), an Australian energy company focused on developing gas assets in China. Harry is also non-executive director of Lithium Universe Limited (ASX: LU7) and Skin Elements Ltd (ASX: SKN). Dividends Paid or Recommended No dividend was paid or declared for the financial year ended 30 June 2026. Principal Activities Infini Resources 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 project development. Annual Report for the Year Ended 30 June 2026 Page 8 | ASX:I88 Figure 1: Overview of Infini Resources global project portfolio. Review of Operations During the year ended 30 June 2026, Infini Resources advanced its Canadian uranium portfolio through systematic exploration across multiple Canadian projects and significantly expanded its landholdings at Portland Creek and Reitenbach Lake. At the flagship Portland Creek Uranium Project in Newfoundland, the Company completed Phase 2 diamond drilling and airborne geophysical surveys, refining its understanding of the controls on uranium mineralisation and guiding subsequent exploration. In Saskatchewan, interpretation of previously completed geophysical surveys, together with field programs at the Reynolds Lake and Reitenbach Lake Uranium Projects, defined priority targets and supported the commencement of maiden diamond drilling. Surface sampling also confirmed high-grade uranium mineralisation at the Titus Prospect within Reitenbach Lake. Portland Creek Uranium Project (100% owned, Newfoundland Canada) 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 large regional uranium anomalies, first identified in the 1970’s through a Newfoundland government lake-sediment sampling program. A uranium showing was recorded in the Newfoundland Mineral Deposit Index, reporting 2,180 ppm U3O8. Compilation of historic and recent exploration data has delineated a ~6 km zone of anomalous uranium and radon gas responses across lake sediments, soils and airborne radiometric datasets. This anomalism closely follows a prominent fault scarp, marking the edge of a granitic plateau interpreted as a deep-seated fault. Since staking the project in 2023, the Company has rapidly advanced the project through multiple exploration phases in an area that has been historically underexplored for uranium mineralisation. The Company has verified historical regional uranium anomalies and completed a soil sampling grid over the Falls Lake Prospect. This work defined a ~800 m x 100 m high-grade uranium surface anomaly, with a peak soil result of 74,997 ppm U3O8. This anomaly is located down-ice and west Annual Report for the Year Ended 30 June 2026 Page 9 | ASX:I88 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. Phase 2 drilling completed, a total of 5,310 metres across 17 holes During the year, Infini completed 5,310 metres of Phase 2 diamond drilling across 17 holes at Portland Creek, testing eight priority structural, geochemical and geophysical targets. Drilling intersected fractured, sheared and brecciated granites with widespread hydrothermal alteration, including hematite and chlorite overprinting earlier albite alteration, and uranium mineralisation concentrated within fractures, joints and breccia zones. Laboratory assays confirmed localised, low-grade uranium mineralisation, with nine holes returning samples above 100 ppm U₃O₈ and a peak result of 0.58 m at 347 ppm U₃O₈ from 254.27 m in PCDD25-012 (downhole interval; true width unknown). Uranium anomalism was identified at multiple targets along an approximately 6 km corridor. The results supported the interpretation of a structurally controlled, multi-stage hydrothermal uranium system, with enrichment preferentially associated with intersecting fracture networks, providing a stronger geological framework for subsequent exploration and drill targeting. The bedrock source of the high-grade uranium- in-soil anomalies at Falls Lake remained unresolved and a priority for further investigation. Portland Creek footprint expanded by 120% During the year, Infini expanded its Portland Creek landholding through additional staking and the acquisition of adjoining tenements. In October 2025, the Company staked 410 mineral claims covering 102.5 km², securing potential extensions of mineralised structures and prospective host rocks identified through exploration. On 29 January 2026, Infini completed the 100% acquisition of two mineral licences covering 77 km² immediately south of Portland Creek, increasing the expanded project footprint to approximately 328 km². Acquisition consideration included A$50,000 in cash and approximately A$350,000 in ordinary shares, subject to 12 months’ voluntary escrow, with a 2% net smelter return royalty granted over the acquired licences. Figure 2: Overview of expanded footprint at Portland Creek, including the acquired 77km2 claims and the staked 102.5 km2 claims, increasing Infini’s project footprint by 54% in total. Annual Report for the Year Ended 30 June 2026 Page 10 | ASX:I88 Figure 3: Phase 2 drillhole locations with logged visible uranium across multiple drillholes and multiple priority targets, demonstrating the emerging potential district-scale uranium system at Portland Creek. Annual Report for the Year Ended 30 June 2026 Page 11 | ASX:I88 High resolution airborne geophysics completed across Portland Creek During the year, Infini completed 2,230 line-kilometres of helicopter-borne electromagnetic (EM) and magnetic surveying over approximately 252 km² at Portland Creek, using a combination of 100 m and 200 m line spacings. The Company also commenced a separate 737 line-kilometre airborne radiometric survey to complement this coverage and strengthen the project’s geophysical dataset. Interpretation of the EM data identified predominantly resistive bedrock consistent with the granitic host, with no discrete conductors identified. Magnetic imagery and three-dimensional inversion modelling will be used to delineate geological contacts, intersecting fault systems and demagnetised zones potentially associated with hydrothermal alteration. These interpretations, together with radiometric data, surface geochemistry and results from Phase 1 and Phase 2 drilling, refined the geological model, prioritise follow-up mapping and sampling, and guide target selection and drillhole positioning for Phase 3 drilling which commenced in early September 2026. Figure 4: First modern helicopter-supported geophysical survey flown over 252 km2 of Infini’s tenements at Portland Creek, returning high resolution electromagnetic (EM) and magnetic data to advance structural interpretation and targeting for the upcoming Phase 3 drill program. Annual Report for the Year Ended 30 June 2026 Page 12 | ASX:I88 Reynolds Lake and Reitenbach Lake Projects (100% owned, Saskatchewan Canada) The Reynolds Lake and Reitenbach Lake Uranium Projects collectively comprise 19 mineral claims covering a total footprint of 677 km2 on the eastern outboard margin of the Athabasca Basin in northern Saskatchewan. The projects are contiguous, with Reynolds Lake consisting of 12 claims (386 km2 ) and Reitenbach Lake consisting of 7 claims (291 km2 ) adjoining its northern boundary. The properties are underlain by Archean to Paleoproterozoic metamorphic and igneous rocks and are bisected by the crustal-scale Needle Falls Shear Zone, a major structural corridor separating the Wollaston Domain to the west from the Peter Lake Domain to the east. The Wollaston Domain is dominated by Paleoproterozoic siliciclastic metasediments including paragneiss, quartzite, and calc-silicate units, while the Peter Lake Domain contains Archean to Paleoproterozoic granitoid gneisses and supracrustal rocks. Both domains are strongly deformed and metamorphosed, with northeast- trending isoclinal folding and later cross-cutting north–south fault systems that provide structural complexity and potential pathways for hydrothermal fluid flow. Graphitic schists and gneisses, key lithologies known to host unconformity-associated uranium mineralisation, have been identified within the project area and are spatially associated with electromagnetic conductors, radiometric anomalies and elevated uranium-in-lake sediment samples. Recent exploration has confirmed primary uranium mineralisation at surface at Reitenbach Lake, while petrographic analysis has validated a structurally prepared and hydrothermally altered basement environment consistent with an unconformity-related uranium system. Regionally, the geological setting is considered analogous to uranium systems at Eagle Point and Rabbit Lake, where mineralisation occurs along graphitic shear zones at the boundary between Wollaston metasediments and granitoid basement. Rock-chip assays up to 1.90% U₃O₈ at Titus Prospect During the year, Infini completed two phases of field exploration at Reynolds Lake and Reitenbach Lake, comprising geological and structural mapping, scintillometer surveying, and soil and rock-chip sampling. The programs included the collection of 773 soil samples and more than 180 rock samples across priority target areas. At Reitenbach Lake, sampling confirmed outcropping uraninite at the Titus Prospect, with a peak rock-chip assay of 1.90% U₃O₈. Follow-up sampling returned additional results up to 3,844 ppm U₃O₈ (0.38%) beyond the initial showing, extending the area of confirmed uranium anomalism. Field mapping identified fracture-hosted mineralisation within strongly deformed granitoid gneisses near graphitic metasediments and prominent electromagnetic conductors. At Reynolds Lake, elevated uranium assays were similarly associated with mapped shear zones and conductive trends. Integration of these observations with soil geochemistry and geophysical interpretation highlighted an approximately 15 km x 3 km prospective corridor, strengthening the exploration model for structurally controlled, basement-hosted uranium mineralisation and guiding target selection for the maiden drilling program. Targets extending up to 80km across Reynolds Lake and Reitenbach Lake During the year, Infini completed interpretation of previously acquired airborne electromagnetic (EM) and magnetic data across Reynolds Lake and Reitenbach Lake, delineating approximately 80 km of conductive trends across the combined project area. At Reynolds Lake, these included parallel bedrock conductors exceeding 10 km in length, coincident with magnetic lows and uranium radiometric anomalies. The conductors were interpreted to represent potentially favourable graphitic and/or sulphide-bearing horizons. Integration with structural mapping and surface geochemistry identified priority targets where conductive horizons coincided with fault intersections, shear zones and uranium anomalism, guiding the Company’s maiden drilling program. In January 2026, Infini staked three additional mineral claims covering approximately 89.2 km² adjoining Reitenbach Lake, expanding the project footprint by approximately 31% to 380 km². The additional ground consolidated the Company’s position adjacent to the Titus Prospect and secured interpreted extensions of EM conductors, radiometric anomalies and prospective geological structures along the Needle Falls Shear Zone, broadening the target area available for systematic exploration. Annual Report for the Year Ended 30 June 2026 Page 13 | ASX:I88 Figure 5: The 1.90% U3O8 Titus Prospect located with an approximate 15 km x 3 km prospective corridor within the Reitenbach Lake Uranium Project (sample K668386). Annual Report for the Year Ended 30 June 2026 Page 14 | ASX:I88 Figure 6: EM conductors interpreted to extend for up to 80 km across Reynolds Lake and Reitenbach Lake, strongly associated with uranium anomalism observed in the field programs conducted in H2 CY2025. Maiden drilling commenced at Reynolds Lake and Reitenbach Lake During the year, Infini commenced its maiden diamond drilling program at the Reynolds Lake and Reitenbach Lake Uranium Projects in Saskatchewan, marking the first drill testing of the projects. The program commenced in April 2026 with an initial scope of at least 2,500 metres across 12 drillholes, targeting areas identified through integrated geophysical interpretation, structural mapping and surface geochemistry. Drilling focused on coincident electromagnetic conductors, magnetic lows, shear zones and uranium anomalism, including targets around the Titus Prospect. The program was designed to investigate prospective conductive horizons and structural settings at depth, refine the geological model and guide subsequent exploration. Annual Report for the Year Ended 30 June 2026 Page 15 | ASX:I88 Figure 7: Maiden drilling underway at Infini Resources’ 100%-owned Reynolds Lake and Reitenbach Lake Uranium Projects, located on the eastern margins of the Athabasca Basin. Annual Report for the Year Ended 30 June 2026 Page 16 | ASX:I88 Figure 8: Indicative drillhole locations for the maiden diamond drilling program at Reynolds and Reitenbach Lake, targeting priority EM anomalies where magnetic features, structural complexity and uranium geochemical anomalism coincide. Annual Report for the Year Ended 30 June 2026 Page 17 | ASX:I88 Des Herbiers Uranium Deposit (100% owned, Québec Canada) The Des Herbiers Uranium Project consists of 66 non-contiguous claims totalling 36.25 km2 . It is located within the Des Herbiers township, approximately 9km NW of the Baie-Johan-Beetz municipality and 52km ENE of the municipality of Havre St-Pierre on the Gulf of St. Lawrence in Quebec, Canada. The Project is situated in the Grenville Province of the Canadian Shield. The rocks underlying the immediate area are comprised of biotite rich granitic rocks, quartzites and quartzo- feldspathic gneisses that are derived from strongly metamorphosed sandstones and arkoses, amphibole rich gabbros and gneisses. Regional structures trend north to northwest and display large-scale curvilinear folding. Historical exploration and drilling have revealed an abundance of low grade, near surface, bulk tonnage uranium that contains a combined inferred mineral resource of 162Mt @ 123ppm U3O8 1 reported in accordance with the JORC Code (2012). No significant exploration activities were undertaken at the Des Herbiers Uranium Project during the reporting period. Yeelirrie North Uranium Project (100% owned, Western Australia) The Yeelirrie North Project currently consists of exploration licence E53/2188, E53/2368 and prospecting licence P53/1703, covering an area of ~329km², located approximately 70km southwest of Wiluna, Western Australia. The Company currently has three exploration licence applications in progress and if successfully granted, the remaining new exploration licence applications will see the Company’s Project size increase to a total area of ~746km2 . The Yeelirrie Project is located near the northern extremity of the Archaean Norseman Wiluna greenstone belt of the Yilgarn Craton. The project is highly prospective for hosting high-grade uranium mineralised calcrete and lies within the same geological domain as the world class Yeelirrie Uranium Deposit hosting 128.1Mlb U3O8 at an average ore grade of 1,500 ppm U3O8 2 . No significant exploration activities were undertaken at the Yeelirrie North Uranium Project during the reporting period. Bellah Bore East Uranium Deposit (100% owned, Western Australia) The Bellah Bore East deposit is approximately 500m x 150m in size and located within prospecting license P 53/1703, comprising 92.67 hectares. The licence is situated within the western edge of the Company’s already existing E 53/2188 tenement ~60km southwest of Wiluna (Yeelirrie Project). The deposit is hosted by calcrete and comprises a historical inferred mineral resource in accordance with the JORC Code (2004) (it is noted that these exploration results reported under the JORC 2004 code may not conform to the requirements of the JORC Code 2012). Mineralisation is reported as open in the northeast. Carnotite is identified as the primary ore mineral in historical drilling. No significant exploration activities were undertaken at the Bellah Bore East Uranium Project during the reporting period. Tinco Uranium-Niobium Project (75% Tinco North, 100% Tinco South, Saskatchewan Canada) The Tinco Uranium-Niobium Project lies to the south-southwest of the Athabasca Basin and is underlain by the Mudjatik Domain, composed mainly of granitoid felsic gneisses that form the basement to narrow belts of supracrustal sedimentary and volcanic rocks. Two principal uranium mineralisation styles have been recognised in the area, including remobilised basement occurrences and supracrustal occurrences, with previous mapping identifying lenses of radioactive pegmatite up to 1.5 m in width and historical grab samples grading up to 600 ppm U3O8 and 0.5% Nb. More recently, Infini’s heliborne magnetic, radiometric and time-domain electromagnetic survey has delineated magnetic and radiometric trends, major structures and stratigraphic relationships, highlighting a prominent north–south trending shear zone hosting the historical mineralised grab sample and several large ovoid magnetic features that together define a large U-Nb target area for future exploration and follow-up surface geochemical work. No significant exploration activities were undertaken at the Tinco Uranium-Niobium Project during the reporting period. Paterson Lake Lithium Project (100% owned, Ontario Canada) The Paterson Lake Project is located within the highly prospective Archean Separation Lake Greenstone Belt of the Superior Province of Ontario, Canada. The Project has been documented to contain abundant rare-metal bearing pegmatites including seven named petalite bearing pegmatites and up to 50 unnamed pegmatites that require investigation. Historical outcrop grab sample results include results up to 4.43% Li2O and the best reported historical drill intercept to date of 8m @ 3.12% Li2O. The Separation Rapids Lithium Deposit of Avalon Advanced Materials/Sibelco joint venture is located within 2km of the project boundary. Annual Report for the Year Ended 30 June 2026 Page 18 | ASX:I88 No significant exploration activities were undertaken at the Paterson Lake Lithium Project during the reporting period. Valor Lithium Project (50% owned, earn-in up to 100%, Québec Canada) The Valor Project covers an area of approximately 125km2 in southwest Québec, approximately 40km north-west of Val- d’Or. The project is situated on the Archean Preissac Lacorne ba