Key points
- Drilling at Muntanga North identified a 600m x 200m uranium mineralisation zone
- Initial drilling at Namakande intersected a 1,000m x 400m mineralisation zone
- Further drilling needed to determine scale and significance of mineralisation
- Large-scale targets at Muntanga North still to be tested
Full summary
Atomic Eagle Limited has reported significant progress in its 2026 drilling program at the Muntanga Uranium Project in Zambia. Wide-spaced drilling at Muntanga North has identified a zone of uranium mineralisation over an interpreted area of approximately 600m by 200m, which remains open along strike and down dip to the east. Initial drilling at Namakande intersected a large continuous zone of mineralisation measuring 1,000m by 400m. The company plans to conduct further expansion and infill drilling to test the scale, continuity, and significance of mineralisation at both Muntanga North and Namakande. Large-scale Muntanga North Targets 6, 7, and 8 remain to be tested as part of the ongoing program.
Guidance
No specific financial guidance provided
Outlook
The company remains optimistic about the potential of the Muntanga North and Namakande targets, with plans to continue drilling and evaluation to determine the full extent of mineralisation.