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Tombador Iron Ltd. ( (AU:AEU) ) just unveiled an update.
Atomic Eagle reported encouraging results from its maiden drill program at the Muntanga East target in Zambia, intersecting shallow, flat-lying uranium mineralisation mostly within 50 metres of surface, including several significant eU3O8 intercepts. The company plans to release a maiden Mineral Resource Estimate for Muntanga East later this quarter, positioning the target as a potential low-strip, open-pittable addition to its existing Muntanga and Dibbwi East resources and supporting its strategy of rapid resource growth and project scale-up at the broader Muntanga Uranium Project.
More about Tombador Iron Ltd.
Atomic Eagle Limited is an ASX-listed uranium exploration and development company focused on advancing the Muntanga Uranium Project in Zambia. The company is targeting near-surface, bulk, open-pittable uranium resources within the Escarpment Grit Formation, aiming to expand its existing resource base at the Muntanga and Dibbwi East deposits along strike within its Muntanga mining licence area.
Average Trading Volume: 947,605
Technical Sentiment Signal: Hold
Current Market Cap: A$162.3M
See more insights into AEU stock on TipRanks’ Stock Analysis page.