By: African mining market

Atomic Eagle Limited is excited to announce a bold new chapter for the Muntanga Uranium Project in Zambia, reporting a JORC Exploration Target between 40.0 and 100.5 Mlbs U₃O₈ at a grade range of 150 – 350 ppm. The potential quantities and grades of the Exploration Target in this announcement are conceptual in nature and as such, there has been insufficient exploration conducted to estimate a Mineral Resource. At this stage, it is uncertain if further exploration will result in the estimation of a Mineral Resource. The limitations described in this release should be considered when assessing the Exploration Target. The Exploration Target has been prepared in accordance with the JORC Code.

The Exploration Target is in addition to the Company’s existing JORC Mineral Resource of 40 Mlbs(Measured and Indicated) and 7.4 Mlbs (Inferred).

Chairman Govind Friedland said: “The Company’s strategy is firmly focused on rapidly expanding the existing Mineral Resource across the Company’s expansive Muntanga Uranium Project area. Through the release of the Exploration Target, Atomic Eagle can now articulate what we believe to be the ‘size of the prize’ across our extensive land package within the Karoo basin sediments.

Resource definition is underway with the results from our maiden drilling program expected in early 2026. We are also finalizing the details of our 2026 exploration program which will be largest single program completed at the Project since discovery. Full details of this program will be released in the new year.”