Infini Resources
Primary ticker: ASX:I88
Stage of development: Exploration
Primary minerals: Uranium
Project to promote: Portland Creek Uranium Project, Tinco Uranium Project, Des Herbiers Uranium Deposit, Yeelirrie North Uranium Project, Paterson Lake Lithium Project, Valor Lithium Project, Pegasus Lithium Project and Parna Lithium Project
Project location: Canada (Newfoundland)
Website: infiniresources.com.au
Infini Resources Ltd is an Australian energy metals company focused on uranium exploration in Canada. The company has 100% ownership of the Portland Creek Uranium Project located in Newfoundland. Soil Grades up to 74,997 ppm U3O8 (7.5%) at Portland Creek have been recently defined by the company, making the asset one of the most highly prospective early stage uranium investment opportunities on the ASX. The company’s mission is to make a new high-grade economic uranium discovery.
Cash: AUD 4.8M
Debt: NIL
Major shareholders:
MR AGHA SHAHZAD PERVEZ – 15.27%
MR SUFIAN AHMAD – 11.78%
DDPEVCIC (WA) PTY LTD – 7.54%
MR BILAL AHMAD – 6.96%
KOBALA INVESTMENTS PTY LTD – 4.48%
Management Ownership – ~11%
Financials
Management Profile
Charles Armstrong – Managing Director and CEO
Mr. Armstrong is a professional geologist with over 9 years’ experience across a range of commodities including Gold, Iron Ore, Zinc, Mineral Sands, Nickel, Lithium and Uranium. He has held Exploration Geologist roles across numerous publicly listed Australian companies including BHP Billiton and Northern Star Resources. Mr. Armstrong led the exploration programs for Firefly Resources before the company was taken over by Spartan Resources Ltd (ASX: SPR) and led the discovery of the Yidby West gold deposits for Surefire Resources NL (ASX: SRN).
Mr Armstrong holds a Bachelor of Science (Geology) and Graduate Certificate in Minerals and Energy Management from the University of Western Australia and is a member of the Australasian Institute of Mining and Metallurgy (AusIMM) and Society of Economic Geologists (SEG).
What is your rationale for taking part in 121 Mining Investment?
The purpose for attending the conference is to gain on market support through promotion of the Portland Creek Uranium project and to build relationships with potential future investors.
What recent news would you like to highlight to investors attending?
10th July 2024 – Soil Grades up to 74,997 ppm U3O8 (7.5%) at Portland Creek
22nd July 2024 – Fault System & Magnetic Anomalies at Talus Uranium Prospect
2nd August 2024 – $3.4m Strategic Placement to Fast Track Portland Creek
15th August 2024 – Major Soil Sampling Program Commenced at Portland Creek
16th September 2024 – Soil Sampling Completed at Portland Creek Uranium Project
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Define new geochemical soil anomalies in the Talus Prospect structural corridor and receive a diamond drilling approval over key target areas.
6 Months:
Discover a new high-grade uranium deposit at Portland Creek
12 Months:
Delineate an inferred JORC 2012 resource at Portland Creek
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Infini’s key risk at the moment is commodity related. The spot price of uranium is an important price catalyst for all uranium explorers and miners. The Portland Creek project is an advanced Greenfields exploration project with the potential to lead to a new uranium deposit discovery. Promotion of this fantastic project is a top priority for the company as it moves closer towards diamond drill testing the high-grade soil anomaly and associated targets. Strategic marketing of this fantastic exploration investment opportunity and being well funded to drill are important features that mitigate overriding commodity risk. New discoveries are key value drivers that affect a stock’s share price positively in both bull and bear markets.
What do you think makes your company such a compelling investment?
The opportunity to invest in a highly prospective uranium exploration project prior to diamond drill testing. Soil Grades up to 74,997 ppm U3O8 (7.5%) at Portland Creek.
What are the top 3 key investor takeaways?
1. Soil Grades up to 74,997 ppm U3O8 (7.5%) at Portland Creek.
2. Fully funded to execute a large diamond drilling program.
3. Large target corridor scale containing numerous anomalies (geochemical, structural, geophysical and radon gas).