Key Highlights

  • Infini Resources shares traded at $0.105, down 12.50%, during the 27 October 2026 trading session.
  • Phase 2 drilling comprised 5,310 m across 17 holes in FY26.
  • Surface rock chips at the Titus Prospect returned up to 1.90% U₃O₈.

Shares in Infini Resources Ltd (ASX:I88) were trading at $0.105, down 12.50%, during the 27 October 2026 trading session, while the S&P/ASX 200 index was at 8,852.80, up 0.49% (42.90 points), at 3:40 pm GMT+11. Infini Resources is an ASX-listed uranium explorer with projects in Canada. The company’s most recent update, its Annual Report released on 31 July 2026, covered FY26 activities and cash.

FY26 Exploration (31 July 2026)

In its annual report released on 31 July 2026, Infini said it completed 5,310 m of Phase 2 diamond drilling across 17 holes and 2,230 line-km of airborne geophysics at Portland Creek. The company more than doubled the project footprint to 328 km² and confirmed high-grade uranium mineralisation at the Titus Prospect, with surface rock-chip assays up to 1.90% U₃O₈.

It also expanded the Reitenbach Lake footprint by 31% and commenced maiden diamond drilling across the Reynolds Lake and Reitenbach Lake projects, targeting coincident electromagnetic conductors.

Funding and Corporate

Infini raised about A$15 million before costs through Canadian flow-through financing and a concurrent placement. It closed the financial year with A$6.3 million in cash and appointed uranium exploration specialist Andy Yackulic as Strategic Technical Advisor.

Sector Context

The broader market was higher during the session, with the S&P/ASX 200 index was at 8,852.80, up 0.49% (42.90 points), at 3:40 pm GMT+11. Uranium explorers report airborne geophysics, drilling and surface sampling, and fund programs through Equity and flow-through financings.

Infini Resources shares were trading at $0.105, down 12.50%, against a benchmark gain of 0.49%, a gap of 12.99 percentage points. The figures are session data recorded while the market was open and can change before the market finishes trading.

Risks

The report describes exploration-stage work, and rock-chip results do not define a resource. Cash of A$6.3 million at year end is set against continuing exploration spending.

What Lies Ahead

The report points to results from the maiden diamond drilling at Reynolds Lake and Reitenbach Lake and further work at Portland Creek.

Wrapping Up

Infini shares fell during the session. The latest report describes completed drilling, expanded tenure and a year-end cash balance of A$6.3 million.