Atomic Eagle Says Drilling at Zambia Uranium Project Confirms Presence of Thick, Near-Surface Mineralization; Shares Fall 3%

MT Newswires Live

Dec 11

Atomic Eagle (ASX:AEU) said the results from its maiden drill program at the Chisebuka target within the Muntanga uranium project in Zambia confirmed the presence of thick, near-surface, and higher-grade uranium mineralization, according to a Thursday Australian bourse filing.

Drilling encountered intercepts of 16.4 meters at 1,036 parts per million (ppm) of triuranium octoxide-equivalent from 13.5 meters as well as 29.4 meters at 439 ppm of triuranium octoxide-equivalent from 32.2 meters.

The results from the ongoing drilling campaign and further drilling planned for the coming months are expected to contribute to a maiden resource for the Chisebuka target in 2026, Chief Executive Phil Hoskins said.

Atomic Eagle's shares fell past 3% in recent trading on Thursday.

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