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An update from Tombador Iron Ltd. ( (AU:AEU) ) is now available.
Atomic Eagle has reported a 24% increase in total mineral resources at its Muntanga Uranium Project to 58.8 million pounds of U3O8 at 309 parts per million, following its maiden drilling campaign in Zambia. The upgrade includes new inferred resources at the Chisebuka and Muntanga East deposits and was achieved at a low discovery cost of US$0.05 per pound, underscoring the project’s potential scale and cost competitiveness.
The company plans to launch the largest drilling program at Muntanga in almost two decades later this month, aiming to grow resources in line with its stated exploration target and underpin a larger future uranium operation. With cash of $19.2 million as of 31 December 2025, Atomic Eagle says it is well positioned to expand the project’s resource base and pursue value creation for shareholders in a strengthening uranium price environment.
More about Tombador Iron Ltd.
Atomic Eagle Limited is an Australian-listed uranium exploration company focused on advancing the Muntanga Uranium Project in Zambia. The company is targeting substantial resource growth to support development of a significantly larger uranium mine and is funded to pursue aggressive drilling and exploration activities.
Average Trading Volume: 1,251,803
Technical Sentiment Signal: Buy
Current Market Cap: A$179.9M
For an in-depth examination of AEU stock, go to TipRanks’ Overview page.