Atomic Eagle Targets 100 Million Pounds of Uranium at Muntanga Project in Zambia
Atomic Eagle Unveils Massive Exploration Target at Muntanga Uranium Project in Zambia
ASX-listed Atomic Eagle has announced a new JORC-compliant exploration target of 40 million to 100.5 million pounds of triuranium octoxide (U₃O₈), at a grade range of 150 to 350 parts per million (ppm), for its Muntanga project in Zambia.
This target is in addition to the company’s existing JORC-compliant mineral resource, which includes 40 million pounds in the measured and indicated categories and 7.4 million pounds inferred.
Atomic Eagle says the new exploration target underscores the scale of the Muntanga project area and highlights significant potential for further discoveries. The company notes that despite progress, the project remains vastly underexplored, with modern exploration techniques already identifying promising new targets.
The company emphasizes that the potential quantities and grades of the exploration target are conceptual, and insufficient exploration has been conducted to define a formal mineral resource.
Maiden drilling programs at the Muntanga East and Chisebuka targets are nearing completion, with assay results expected in early 2026. Atomic Eagle also plans a comprehensive 2026 drill program, aiming to substantially expand the project’s mineral resource.
The upcoming campaign is expected to be the largest undertaken at Muntanga in 17 years.
Atomic Eagle reports that its aggressive exploration initiatives are fully funded, with approximately $20 million in cash remaining after ASX listing costs.
“The company’s strategy is firmly focused on rapidly expanding the existing mineral resource across the Muntanga uranium project area,” said Chairperson Govind Friedland.
By releasing the new exploration target, Friedland says Atomic Eagle can now articulate the potential “size of the prize” across its extensive land package within the Karoo Basin sediments. He added that resource definition is underway, with results from the maiden drilling program expected in early 2026.
“We are also finalizing the details of our 2026 exploration program, which will be the largest single program completed at the project since its discovery,” Friedland said.
