I88 8.03% 74.0¢ infini resources limited

IPO - Infini Resources Limited - 16 January 2024 #, page-6

  1. 652 Posts.
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    Let's talk about the Uranium prospects for a second.

    Yeelirrie was sold by BHP to Cameco for US $430m in 2012. If the ban in WA is lifted, I feel like the tenement #I88 now owns, courtesty of monsieur Pervez will become a big focus.

    "At 31 December 2018 the measured and indicated resource for the project was 58,100 tonnes (128.1 million pounds) of U3O8, with an average grade of 0.15% U3O8." - Cameco

    Next we have the Des Herbiers project. According to the prospectus, historical exploration and drilling have unveiled a significant amount of low-grade, near-surface, bulk tonnage uranium. Des Herbiers possesses a JORC compliant inferred mineral resource, which amounts to 162.1 million tonnes (Mt), with an average grade of 123 parts per million (ppm) U3O8.

    We can talk about the rest later. However, I believe that these two will undoubtedly become significant focal points once the bans in their respective countries are lifted.

    Uranium is inevitable.


 
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