Infini acquires Australia uranium deposit
Published by Jane Bentham,
Editorial Assistant
Global Mining Review,
Infini Resources Ltd has announced the strategic consolidation of its Yeelirrie North Uranium Project (E 53/2188) via the successful purchase of the Bellah Bore East Uranium Project in Western Australia.
Highlights:
- Project hosts a historical JORC 2004 Inferred Resource of 350 000 t @ 210 ppm U3O8, with acquisition subject to a conditional sales agreement.
- Mineralisation is reported as open in the northeast with a higher-grade core centred around air core hole EYN064 with 3 m @ 781 ppm U3O8 including 1 m @ 2111 ppm U3O8.
- Bellah Bore East is a surficial calcrete hosted uranium deposit similar in style to the Yeelirrie Uranium Deposit and contiguous to Infini’s Yeelirrie North Project.
- Upon successful completion of the transaction the Company will aim to convert the historical resource to JORC 2012 status.
Infini’s CEO, Charles Armstrong said: “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. This acquisition showcases Infini’s determined pursuit of value, as it progresses its uranium portfolio in both Canada and Australia.”
Read the article online at: https://www.globalminingreview.com/mining/04062024/infini-acquires-australia-uranium-deposit/
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