Australian explorer Infini Resources has made a significant breakthrough, confirming high-grade primary uranium mineralisation at surface within its Canadian projects near the world-renowned Athabasca Basin.
High-Grade Discovery at Surface
The company announced a standout rock chip sample from its Titus prospect within the Reitenbach Lake project assayed at an impressive 1.90 per cent uraninite. This result provides strong validation for Infini's exploration model, mirroring earlier geophysical survey data.
Chief executive officer Rohan Bone called the confirmation of high-grade uranium at surface a "standout result." He stated it offers clear proof the company is operating within a fertile uranium system.
Further expanding the potential, another zone located 300 metres northeast of the discovery returned a result of 988 parts per million (ppm) uraninite. Several other areas linked to priority electromagnetic conductors also show promise.
Widespread Mineralisation Across Tenements
At the adjacent Reynolds Lake project, a suite of rock chip and soil assays has confirmed widespread uranium mineralisation. These findings align with earlier identified electromagnetic targets and mapped shear zones.
Together, the Reitenbach Lake and Reynolds Lake projects cover a substantial 677 square kilometres of exploration tenure near the eastern margin of the Athabasca Basin in northern Saskatchewan.
The company believes the mineralisation occurs within structural corridors containing specific rock types, later crosscut by fault systems that acted as pathways for mineralising fluids. This geological setting closely mirrors other major, high-grade basement-hosted deposits in the region, such as the McArthur River and Cigar Lake mines.
Path Forward to Drilling
Infini's next steps are clearly mapped out. Once phase two rock chip results are received early next year, the company will integrate all its mapping, geochemical and geophysical data into a single model.
This integrated model will be used to pinpoint and prioritise drill targets for a potential maiden drilling campaign, scheduled for early to mid-2026.
Market Context and Significance
The discovery comes at a time of a tightening global uranium market. Prices have been volatile in 2025, recently trading around US$80 per pound (approximately A$120). Supply remains constrained, with major producers signalling limited output as demand grows from new reactors coming online worldwide.
For explorers in the prestigious Athabasca Basin, proving the presence of high-grade uranium at surface is often the most challenging initial hurdle. Infini has now successfully cleared that obstacle, positioning the company firmly on the radar in a market increasingly driven by supply security.
The focus now shifts to the next critical phase: testing the depth and extent of this mineralised system with the drill bit.
