AEU: Muntanga East Metallurgical Testwork

Original announcement by asx on

Company
Atomic Eagle Limited
Ticker
AEU
Exchange
ASX
Region
Zambia
Primary commodity
Uranium
Secondary commodities
None reported
Document categories
Metallurgy
Extracted
2026-10-05 23:10:27 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Atomic Eagle has announced successful metallurgical testwork for the Muntanga East uranium deposit in Zambia. The results demonstrated strong uranium recoveries of 81-86% using heap leach methods with exceptionally low acid consumption.

Reasoning: The testwork confirms that the Muntanga East deposit is highly amenable to low-cost heap leach processing, which de-risks the metallurgical profile of the new discovery.

Positive factors

  • Strong uranium recoveries (81-86%) via heap leach
  • Exceptionally low acid consumption (~3 kg/t)
  • Rapid leaching kinetics
  • Favourable physical characteristics for heap leaching
  • Replication of favourable metallurgy on new lower-grade deposit

Facts used in scoring: 4

Classification and evidence

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Uranium recoveries of 81-86% are strong for heap leach processing.

Evidence · text

“Leach tests achieved uranium recoveries of between ~81% and ~86%”

Heap Leach Routeneutral

Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: The testwork specifically evaluated suitability for heap leach processing.

Evidence · text

“designed to evaluate uranium extraction performance, acid consumption characteristics and the physical suitability of the material for heap leach processing.”

Multi-Domain Testedpositive

Variability across ore domains (oxide, transition, fresh) has been addressed.

Why it applies: 2 distinct composites were tested

Extracted facts

Stored fact records: 4. Some facts used in scoring do not have a stored record.

Metallurgical Results (4)

bottle rollMuntanga Uranium Project · uraniumRecovery: 85.9 %Head Grade: 167Head Grade Unit: ppm U3O8View all details
Link to this fact

Identity

Project
Muntanga Uranium Project
Commodity
uranium
Region
zambia
Reported Region
Zambia
Ticker
AEU

Test Work

Program Status
detailed
Test Type
bottle roll
Processing Route
bottle roll leach
Sample
ME1 bottle roll composite

Recovery

Recovery
85.9 %
Recovery Basis
actual_test
Head Grade
167
Head Grade Unit
ppm U3O8

Reagents

Acid
3 kg/t

Lab

Laboratory
Mintek
Consultant
Dr Stefan Robertson

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: 85.9% recovery is strong for a heap leach route with very low acid consumption.

Positive factors

  • High recovery
  • Low acid consumption

Evidence · table

“85.9%”

Context: ~3

bottle rollMuntanga Uranium Project · uraniumRecovery: 81.9 %Head Grade: 167Head Grade Unit: ppm U3O8View all details
Link to this fact

Identity

Project
Muntanga Uranium Project
Commodity
uranium
Region
zambia
Reported Region
Zambia
Ticker
AEU

Test Work

Program Status
detailed
Test Type
bottle roll
Processing Route
bottle roll leach
Sample
ME2 bottle roll composite

Recovery

Recovery
81.9 %
Recovery Basis
actual_test
Head Grade
167
Head Grade Unit
ppm U3O8

Reagents

Acid
3 kg/t

Lab

Laboratory
Mintek
Consultant
Dr Stefan Robertson

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: 81.9% recovery is within the strong band for uranium heap leach.

Positive factors

  • Solid recovery
  • Low acid consumption

Evidence · table

“81.9%”

Context: ~3

column leachMuntanga Uranium Project · uraniumRecovery: 81 %Head Grade: 167Head Grade Unit: ppm U3O8View all details
Link to this fact

Identity

Project
Muntanga Uranium Project
Commodity
uranium
Region
zambia
Reported Region
Zambia
Ticker
AEU

Test Work

Program Status
detailed
Test Type
column leach
Processing Route
column leach
Sample
ME1 column leach composite

Recovery

Recovery
81 %
Recovery Basis
actual_test
Head Grade
167
Head Grade Unit
ppm U3O8

Reagents

Acid
7 kg/t

Lab

Laboratory
Mintek
Consultant
Dr Stefan Robertson

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: 81% recovery in a column leach is a strong result for heap leach suitability.

Positive factors

  • Strong extraction under dynamic conditions

Negative factors

  • Higher acid consumption in column vs bottle roll

Evidence · table

“81.0%”

Context: 7.0

Tags used in scoring

Heap Leach Routeneutral

Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: processing_route matches the heap_leach signal

column leachMuntanga Uranium Project · uraniumRecovery: 80.8 %Head Grade: 167Head Grade Unit: ppm U3O8View all details
Link to this fact

Identity

Project
Muntanga Uranium Project
Commodity
uranium
Region
zambia
Reported Region
Zambia
Ticker
AEU

Test Work

Program Status
detailed
Test Type
column leach
Processing Route
column leach
Sample
ME2 column leach composite

Recovery

Recovery
80.8 %
Recovery Basis
actual_test
Head Grade
167
Head Grade Unit
ppm U3O8

Reagents

Acid
7.6 kg/t

Lab

Laboratory
Mintek
Consultant
Dr Stefan Robertson

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: 80.8% recovery in a column leach is a strong result for heap leach suitability.

Positive factors

  • Strong extraction under dynamic conditions

Negative factors

  • Higher acid consumption in column vs bottle roll

Evidence · table

“80.8%”

Context: 7.6

Tags used in scoring

Heap Leach Routeneutral

Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: processing_route matches the heap_leach signal

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.