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Atomic Eagle Ltd (ASX:AEU)

ALERT: Price-sensitive ASX Announcement for AEU
Current share price for AEU : $0.535 0.13 (32.10%)+
Announcement
Release
16 Jun 2026 9:33AM
Price at Release
$0.405
Full Release
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Summary
Atomic Eagle Limited has announced updates on its exploration activities at the Muntanga Uranium Project in Zambia. The ongoing drilling programs have been successful in extending uranium mineralization at the Chisebuka site. Significant drill results include intercepts with high-grade uranium, demonstrating an expansion of both the northern and south-west higher-grade zones. Additional drilling at Muntanga North and Namakande targets is underway. The company is also preparing for a reverse circulation drill program to further confirm grade estimates, with plans for a diamond drilling program to follow in Q4 2026. These efforts are aimed at advancing the Muntanga Project towards a larger scale mining operation.
Key Points
  • Successful extension of uranium mineralization at Chisebuka.
  • Significant intercepts in the drilling program with high-grade uranium.
  • Northern zone expanded to 900m x 600m; south-west zone to 830m x 400m.
  • Upcoming reverse circulation drill program at Chisebuka.
  • Muntanga North and Namakande targets undergoing drilling.
  • Plans for diamond drilling in Q4 2026 for grade confirmation.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.