Slide 1: Strategically Positioned for the Uranium Cycle
Strategically Positioned for the Uranium Cycle Dual-asset uranium developer with advanced assets in Zambia and Niger AUGUST 2026
Slide 2: Disclaimer
Disclaimer This presentation (Presentation) has been prepared by Atomic Eagle Limited (ACN 108 958 274) (the Company). The Presentation other factors, many of which are beyond the control of the Company and its officers, employees, agents or associates, that may has been prepared as at 25 August 202
Slide 3: Uranium Setup: Structural Tightness Reinforced by Energy Security
Uranium Setup: Structural Tightness Reinforced by Energy Security Uranium is Constrained Supply Durable Demand Growth Strategic Shift transitioning from ⎻ Concentrated production ⎻ Nuclear growth + restarts ⎻ Energy security priority a commodity to ⎻ Chronic underinvestment ⎻ AI / data centre demand
Slide 4: Structural Supply Deficit
Structural Supply Deficit Demand is effectively doubling over the next 15 years, while mine supply remains constrained 400 DEMAND 390 • Restarts and reversals of early retirements 350 • Energy security – supply chain independence 300 • Ramp-up of energy intensive industries (AI / data centres) Being
Slide 5: Global Competition for Uranium Supply
Global Competition for Uranium Supply In a market characterised by structural supply deficits and growing energy security concerns, advanced uranium projects are becoming increasingly strategic Japan Kazakhstan • New energy policy to • Supply ~40% of global maximise nuclear production (Fukushima pol
Slide 6: Atomic Eagle portfolio overview
Atomic Eagle portfolio overview A balanced portfolio combining Muntanga's simple development pathway with Madaouela's scale and grade potential NIGER MADAOUELA • Significant uranium • 116.5Mlb at 1,282ppm1 mining history foreign estimate • Recently • ~600,000m of drilling and negotiated mining ~US$1
Slide 7: Muntanga Project
Muntanga Project District-scale uranium exploration opportunity • JORC Resource of 58.8Mlb U3O8 at 309ppm1 • District-scale exploration opportunity over 1,126km2 licence package • Fully permitted: – Resources on Mining Licences – ESIA and RAP approvals in place • 2025 Feasibility Study outlined low
Slide 8: Previous Feasibility Study Provides Sound Technical Baseline
Previous Feasibility Study Provides Sound Technical Baseline Increased project scale to significantly improve economics ITEM UNITS VALUE Feasibility Study highlights: PRODUCTION AND MINING • Low-strip ratio, open-pit mining Mine life Years ~12 • Heap leaching and industry-standard, conventional proc
Slide 9: 44% of JORC Resource not considered for previous Feasibility Study
44% of JORC Resource not considered for previous Feasibility Study Ready-made opportunities to feed expanded project scale A Satellite Deposits (M&I and Inferred) • 8.7 Mlbs excluded despite demonstrating +ve cash flow – include in future studies A B C B Muntanga & Dibbwi East (Inferred) • 6.0 Mlbs
Slide 10: Muntanga's Resource growth opportunity
Muntanga’s Resource growth opportunity 30,000m drill program under way Chisebuka Extensional drilling outside existing Resource Muntanga North Wide-spaced drilling targeting new discoveries Namakande 1 and 2 Wide-spaced drilling targeting new discoveries ASX: AEU 10
Slide 11: Chisebuka continues to grow
Chisebuka continues to grow Extension of higher-grade zones outside existing Resource • Resource of 9.7Mlb at 220ppm U3O8 covering 800m x 600m area1 • Drilling has confirmed higher-grade SW zone measuring 830m x 400m • Drilling continuing to test extensions to higher grade zones • Key intercepts2 ou
Slide 12: Muntanga North exploration targets
Muntanga North exploration targets Maiden drill program targeting new discoveries • Multiple datasets - Airborne radiometric anomalies - Radon soil surveys - Mapping shows preferred host geology (Escarpment Grit Formation) - Cross-cutting structures acting as ‘traps’ for mineralisation • Atomic Eagl
Slide 13: Madaouela has been returned to Atomic Eagle under a new mining convention
Madaouela has been returned to Atomic Eagle under a new mining convention with the Republic of Niger ASX: AEU 13
Slide 14: Madaouela Uranium Project
Madaouela Uranium Project High-grade uranium development project in an established uranium district PROJECT LOCATION Foreign Mineral Resource Estimate 1 Tonnes Grade eU3O8 Contained Classification (Mt) (ppm) U3O8 (Mlb) Measured 13.70 1,000 30.1 Indicated 20.78 1,460 66.8 Inferred 6.73 1,330 19.6 Tot
Slide 15: Transaction Summary & Development Framework
Transaction Summary & Development Framework Ownership Structure: Atomic Eagle 60% | Republic of Niger 40% (15% free-carry, 25% contributing) Transaction Terms Mining Convention Next Steps Staged payments: Establishes legal framework for JORC Mineral Resource Estimate • US$5M upfront development incl
Slide 16: Why the Madaouela Transaction Matters?
Why the Madaouela Transaction Matters? High-grade uranium development project returned to Atomic Eagle SOMAIR >178Mlbs historical production, 51Mlbs resource remaining2 Acquisition • Restores a previously held flagship asset • Constructive resolution with Government Scale • Adds 116.5Mlb foreign min
Slide 17: ASX-listed undeveloped uranium projects
ASX-listed undeveloped uranium projects Madaouela represents a standout development opportunity Unable to be developed currently – see note 2 Note 1: This chart aggregates all Mineral Resource categories on a 100% project basis. Refer to slides 21-22 for the breakdown into Measured, Indicated and In
Slide 18: Multiple Value Drivers
Multiple Value Drivers Atomic Eagle combines near-term resource growth, development advancement and strategic optionality across two advanced uranium projects Muntanga Muntanga Madaouela Strategic Uranium Resource Growth Development Development Financing Market • 30,000m drill • Existing FS • Return
Slide 19: APPENDICES
APPENDICES
Slide 20: Sitwe Project
Sitwe Project Expansion of Zambian uranium footprint • Located on geological trend from Lotus’ Kayelekera Project • 429km2 licence area geology contains basement rocks (uranium source) and Karoo basin sandstones Historical drilling1 across 7 drill holes included: - 1m at 1,620ppm U3O8 - 1m at 1,080p
Slide 21: Peer Comparison – Deposit Data (1 of 2)
Peer Comparison – Deposit Data (1 of 2) Total M&I Inferred Overall M&I Inferred Stage of Project Company Ticker Country Resource Resource Resource Grade Grade Grade Source Development (Mlb)1 (Mlb)1 (Mlb)1 (ppm)1 (ppm)1 (ppm)1 Muntanga Atomic Eagle ASX: AEU Zambia Development 58.8 40.0 18.8 309 359 2
Slide 22: Peer Comparison – Deposit Data (2 of 2)
Peer Comparison – Deposit Data (2 of 2) Total M&I Inferred Overall M&I Inferred Stage of Project Company Ticker Country Resource Resource Resource Grade Grade Grade Source Development (Mlb)1 (Mlb)1 (Mlb)1 (ppm)1 (ppm)1 (ppm)1 Tiris Aura Energy ASX: AEE Mauritania Development 91.3 39.9 51.4 225 220 2
Slide 23: Registered Office
Registered Office Level 28, 197 St Georges Terrace PERTH WA 6000 Telephone: + 61 8 6382 1805 Email: info@atomiceagle.com.au Website: www. atomiceagle.com.au