Resources Top 5: Infini leaps 233pc higher on big uranium results in Canada

• Initial I88 results point to extensive uranium at Portland Creek in Canada
• Results of up to 4m at 43g/t gold for Marmota at Greenewood discovery
• BHM starts mining and processing high-grade, silver-rich material from Main Lode

Your standout small cap resources stocks for Thursday, October 9, 2025.

Infini Resources (ASX:I88)

Intersecting extensive downhole uranium at the Portland Creek project in Newfoundland, Canada, sent Infini Resources (ASX:I88) flying around 233% higher to a 12-month best of 75c.

The preliminary results in the company’s second phase drilling at the project have been described by chief executive officer Rohan Bone as being a “game changer”. 

(Ed: Now, where have we heard that phrase before? Maybe every second or third company press release on the ASX? Nevertheless, some strong numbers here…)

Elevated uranium readings were recorded across multiple zones between 28m and 312m downhole depth in hole PCDD25-012, primarily along fractures and cavity zones within intensely altered granites.

With peak values of 12,000 ppm uranium at 270 and 11,700 ppm at 289m, recording 1.2% and 1.17% U respectively on pXRF, it’s pretty eye-catching stuff.

Hole PCDD25-012, which is considered a breakthrough in identifying uranium hosting structures, is ~1.5km from a peak soil anomaly of 74,997ppm U3O8, indicating a prospective widespread and large uranium hydrothermal system.

Another hole, PCDD25-009A, intersected high-grade molybdenum in a pXRF spot sample detecting 2.38% Mo within a 4m albitised granite interval.

Early findings validate Infini’s refined exploration model and confirm that highly fractured and intensely altered granites present across drill core are directly related with high uranium readings.

The early results indicate the potential for a district-scale polymetallic system of uranium, molybdenum, zinc and associated pathfinder elements.

Assay results are due later this quarter and I88 is confident they will confirm the preliminary pXRF readings. 

The program has to date only partially drill-tested two out of 12 priority targets within a >6km corridor of uranium-in-soil anomalies, associated with prominent east-west faults, with drilling ongoing.

Planning is underway to expand the minimum 2,500m second phase drill program to efficiently and effectively test high priority uranium targets.

Marmota (ASX:MEU)

Results of up to 4m at 43g/t from 64m from the Greenewood discovery have given Marmota (ASX:MEU) some of the best gold action seen in the Gawler Craton since the discovery of the Challenger deposit.

A second batch of assays have been returned from Marmota’s maiden drilling program at Greenewood, which is 35km from MEU’s flagship Aurora Tank discovery and ~30km NE of the Challenger gold mine in South Australia.

Four weeks ago, the first batch of assays returned multiple outstanding high-grade gold intersections close to the surface and the second batch from holes 95 to 146 has also seen broad intervals with bonanza grades.

The 4m hit at 43g/t from 64m downhole is the highest 4m intersection ever recorded at Greenewood and is within 28m at 6.5 g/t Au from 44m downhole and shares hit a 14-year high of 7.6c, a lift of 49.02% on the previous close. 

The company’s maiden drilling program has clearly delineated a nearly continuous high-grade discovery at Greenewood, along a mineralised zone that now extends around 900m in strike.

“The results feature high grades, close to surface, with excellent continuity along strike and including exceptional thick high-grade intersections,” Marmota chairman Dr Colin Rose said:

“Our geology team has done a superb job on Marmota’s maiden program at Greenewood: it is progressing beyond our best expectations, yielding bonanza grades and thick intersections close to surface, expanding the mineralisation in every direction and with the shape of the high-grade lodes already displaying form and structure. 

“We now have highly prospective open gaps to fill in and extend out to grow the resource, and we can’t wait to finish the job.”

Broken Hill Mines (ASX:BHM)

As silver prices hover around the magical US$50oz mark, Broken Hill Mines (ASX:BHM) is well placed to capitalise having started mining and processing high-grade silver-rich material from the Blackwoods ore body of the Main Lode at Rasp mine.

This occurred ahead of the scheduled start in November and represents the first underground mining of Main Lode since the mid-1970s.

Ore from the Main Lode represents a secondary, high-grade feed source for processing.

It complements feed from the Western Mineralisation ore body that has been the primary source of ore to the Broken Hill processing plant for more than a decade.

Introducing Main Lode is a key part of the company’s strategy to fully utilise the 750,000tpa capacity of Rasp Mill.

It has materially higher silver grades that will provide BHM with increased exposure to precious metal revenue.

Strickland Metals (ASX:STK)

A gravity survey has highlighted multiple new porphyry targets across the 7.4Moz gold equivalent Rogozna project of Strickland Metals (ASX:STK) in Serbia and shares hit a 14-year high of 22.5c.

Gravity data combined with existing IP data and modelling of Remanent Magnetic bodies, define compelling structural architecture for Rogozna which is an important control on known mineralisation.

Developing this structural framework is a major step forward in focusing exploration for porphyry-style deposits at Rogozna, particularly in extensive areas where post-mineral volcanic cover masks the prospective underlying geological sequence.

A follow-up Magnetotelluric survey will start in the coming weeks to further refine this targeting with initial drill testing of the highest priority porphyry target areas to come.

“We are constantly surprised on the upside by the scale of the opportunity at Rogozna, and we are looking forward to pursuing these large porphyry target areas in parallel with our ongoing resource growth drilling at cornerstone skarn-hosted deposits such as Shanac, Gradina and Medenovac,” MD Paul L’Herpiniere said.

5E Advanced Materials (ASX:5EA)

5E Advanced Materials (ASX:5EA) is focused on becoming a vertically integrated global leader and supplier of refined borates and advanced boron derivative materials.

The company is transitioning from development to commercial readiness and has passed a number of recent milestones.

An SK-1300 preliminary feasibility study has validated phase 1 of the Fort Cady project in California with pre-tax NPV7 of US$725 million, 19.2% IRR and a 39.5-year mine life. 

The study estimates ~US$3.7 billion in pre-tax free cash flow and outlines a scalable operation supported by 5.4m short tons of boric acid reserves.

Fourteen customers have qualified 5E’s high-purity boric acid across industries including specialty glass, fibreglass, agriculture, defence and chemicals.

Following a logistics and furnace trial, 5E is ready to complete full-scale product testing with a Tier-1 specialty glass manufacturer. 

5E has secured a non-binding LOI from US EXIM Bank for a potential US$285m debt facility and with early FEED underway, 5E is on track to reach FID by mid-2026.

This article does not constitute financial product advice. You should consider obtaining independent financial advice before making any financial decisions. While Broken Hill Mines is a Stockhead advertiser, it did not sponsor this article.