Australia’s Atomic Eagle expands uranium footprint in Zambia

Australia-listed uranium developer Atomic Eagle Limited has expanded mineralisation at its Muntanga Uranium Project in Zambia, reinforcing its position in Africa’s growing nuclear fuel supply chain as global uranium demand tightens.

The latest results come from the Chisebuka deposit, where new drilling has extended known uranium mineralisation zones within the broader Muntanga Uranium Project in southern Zambia, one of the country’s most active uranium exploration corridors.

Expanding uranium resource base

Exploration updates indicate the northern higher-grade zone now spans roughly 900m by 600m, while the southwest zone has expanded to about 830m by 400m. The continuous uranium mineralisation highlights steady uranium resource growth across the project footprint.

The expansion underscores the increasing scale of uranium exploration in Zambia, positioning the Muntanga asset as a key focus area for long-term uranium development and potential production upside.

CEO outlook and 2026 exploration push

Chief executive Phil Hoskins said the 2026 exploration phase has successfully identified a new higher-grade uranium zone and extended previously defined uranium resource boundaries, strengthening the case for a larger-scale uranium mine subject to further technical studies.

The company is also advancing ground radiometric surveys across multiple uranium exploration targets, including Muntanga North, where drilling is scheduled to begin. These efforts are aimed at unlocking additional uranium mineralisation zones beyond the current resource base.

Strategic expansion across Zambia

Beyond Chisebuka, Atomic Eagle Limited is expanding its uranium exploration footprint through additional assets, including the Sitwe Uranium Project in the Luangwa Valley Karoo Basin. The acquisition strengthens its position in one of Africa’s most prospective but underexplored uranium provinces.

The Muntanga Uranium Project itself spans a 146-kilometer strike length near Lake Kariba, with multiple mining and exploration licenses across a sandstone-hosted uranium basin increasingly seen as strategically important for future nuclear fuel supply.

Positioning for global uranium demand

The company’s dual focus on uranium exploration and resource expansion aligns with rising global demand for secure nuclear fuel, driven by energy transition policies and decarbonisation goals. 

Zambia’s uranium potential, combined with Australia-linked capital expertise, places Atomic Eagle at a strategic intersection of Africa’s resource development and global energy security trends.