John's Company LTD
- ASX Code: I88
- Market Cap: $22.25M
- Shares on Issue (SOI): 65,215,002 shares
- Cash Position: $3.16M (as of 30 September 2024)
Why is the Portland Creek Uranium Project a Strategic Asset for Infini Resources?
The Portland Creek Uranium Project, spanning an impressive 149 km² in Newfoundland, Canada, represents a pivotal asset for Infini Resources within a largely underexplored yet highly prospective uranium region. This project is strategically positioned within the Long-Range Complex, an area historically recognised for elevated uranium occurrences, which adds a significant competitive advantage.
By leveraging advanced exploration methods and building upon historical results, Infini Resources is enhancing the project's potential as a cornerstone in the company's vision for the uranium sector. This focus not only propels the company's growth but also aligns with the increasing global reliance on uranium as a critical component in the transition towards low-carbon energy solutions.
Highlights of the Portland Creek Uranium Project:
- Location Advantage: Situated within the Long-Range Complex, an area with historical uranium identification and substantial untapped resource potential.
- Significant Expansion: The initial soil anomaly at the Talus zone has been extended by approximately 340%, now covering an expansive area of ~800m x 100m.
- High-Grade Discovery: Assay results have revealed a peak U₃O₈ grade of 7.5%, significantly surpassing global baseline economic grades for uranium.
- Additional Prospects: Emerging geochemical anomalies to the north (~500m x 250m) and south (~600m x 250m) bolster the resource's scalability, with additional peak results of up to 548 ppm U₃O₈.
These significant assay results have been instrumental in unveiling the high-grade uranium potential at Portland Creek. As the scale of high-grade zones continues to grow, the exploration results further support the potential for expanded resource delineation. This not only enhances the project's value but also cements Infini Resources' position in the uranium exploration sector.
For more detailed information on Infini Resources and the Portland Creek Uranium Project, visit Infini Resources Unveiling High-Grade Uranium Potential at Portland Creek Project in Newfoundland.
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