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Multi-mineral explorer Infini Resources Ltd (ASX:I88) has boosted its uranium footprint in Western Australia, through the acquisition of the 350,000-tonne Bellah Bore East project – which lies adjacent to Infini’s own Yeelirrie North play in the Yilgarn Craton.
The project centres around a deposit measuring 500 by 150 metres in size, located within a prospecting license which itself is 92.67 hectares.
The resource estimate – according to the 2004 JORC code – is set at 350,000 tonnes at 210 parts per million (ppm) triuranium octoxide (U3O8), for a contained resource of 160,000lb of U3O8.
Crucially, the project is also located along the western edge of Infini’s Yeerlirrie North project, on the E 53/2188 tenement, which is around 60 kilometres from Wiluna, providing the company with a contiguity of uranium holdings in the territory.
Bellah Bore East’s mineralisation is also similar to that of Yeerlirrie North, with uranium hosted in surficial calcrete.
Following the acquisition, Infini’s main goal for the project will be updating its resource estimate according to the 2012 JORC code, although previous drilling there has also provided indications of what further exploration might target, with a higher-grade core identified through an aircore drillhole.
The key intercept here was 3 metres at 781ppm U3O8 including 1 metre at 2111ppm U3O8, and the mineralisation is also regarded as open in the northeast.
CEO Charles Armstrong said Infini’s gaining of the project was another milestone of consolidation and growth in Western Australia.
“With this strategic acquisition, the Company has now successfully consolidated its tenure at the Yeelirrie North Uranium Project, following on from the recent major expansion of the Project in April 2024,” he said.
“This acquisition showcases Infini’s determined pursuit of value, as it progresses its Uranium portfolio in both Canada and Australia.”
Infini has been trading at 18 cents.
