Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An update from Tombador Iron Ltd. ( (AU:AEU) ) is now available.
Atomic Eagle has completed its maiden drill program at the high-priority Chisebuka target within the Muntanga Uranium Project, finishing 69 holes that confirm a thick, near-surface uranium zone measuring roughly 800 by 600 metres. Recent assay results show shallow, broad-spaced mineralisation with multiple intersections less than 85 metres from surface, supporting the company’s strategy of pursuing bulk, open-pittable resources and underpinning confidence in materially increasing project resources as Chisebuka is only the first of six priority targets to be drilled across the wider licence area. Backed by a cash balance of about A$20 million, Atomic Eagle plans further drilling and exploration at Muntanga through 2026, positioning the company to advance its resource base and potential shareholder value in a strengthening uranium exploration environment.
More about Tombador Iron Ltd.
Atomic Eagle Limited is an ASX-listed uranium exploration company focused on the Muntanga Uranium Project in Zambia’s Kariba Valley. The company is targeting shallow, bulk open-pittable uranium mineralisation across multiple high-priority targets and is currently well funded, with around A$20 million earmarked for exploration activities in 2026.
Average Trading Volume: 720,543
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$129M
Learn more about AEU stock on TipRanks’ Stock Analysis page.