Slide 1: Growing major resource in known uranium belt
Growing major resource For personal use only in known uranium belt NOVEMBER 2025
Slide 2: Disclaimer
Disclaimer This presentation (Presentation) has been prepared by Atomic Eagle Limited (ACN 108 958 274) (the FORWARD LOOKING STATEMENTS Company). The Presentation has been prepared as at 26 November 2025 and statements are current only The Presentation includes “forward looking statements” within th
Slide 3: Platform for growth to meet the upcoming uranium shortfall
Platform for growth to meet Capital Structure the upcoming uranium shortfall 391M For personal use only Shares on issue Existing Resource District-scale growth (47.4Mlb) & technical opportunity in known studies completed uranium belt A$121M Market capitalisation1 Imbalance in uranium Fully funded fo
Slide 4: Why nuclear energy?
Why nuclear energy? Reference Scenario for Uranium Supply and Demand, tU For personal use only Critical role to play in Increasingly becoming a the transition to net part of global energy zero as a safe and security strategies clean source of energy Stable, baseload 437 nuclear reactors in power to
Slide 5: >$100/lb price required to match last development cycle
>$100/lb price required to match last development cycle Last Uranium Boom Decade of Depression Uranium’s Awakening >$60/lb required for No greenfields projects >1Mlb pa No greenfields development, For personal use only development developed outside Kazakhstan only low capex restarts $160.00 $140.00
Slide 6: Zambia: A leading African jurisdiction with a strong mining history
Zambia: A leading African jurisdiction with a strong mining history For personal use only Stable Political Environment • Pro-mining government with strong legal frameworks • Worlds 7th largest copper producer • 3rd in Africa for Investment Attractiveness (Fraser Institute Ranking) Fiscal Regime • 5%
Slide 7: Muntanga Project
Muntanga Project Strategy focused on resource growth • Muntanga Project Area (1,126km2) across For personal use only - 4 Mining Licences - 2 Exploration Licences • Existing JORC Resource of 47.4Mlb U3O8 defined across 5 deposits – all on Mining Licences • Historical focus on development has provided
Slide 8: Muntanga Exploration Potential
Muntanga Exploration Potential For personal use only • Exploration Target to be released in early December 2025 • Simple exploration model • Coincident radiometric and radon anomalies • Cross-cutting structures and lithological support • Within geological formations known to host substantial nearby
Slide 9: Previous Technical Studies Confirm Development Potential
Previous Technical Studies Confirm Development Potential Based on review of historical documents and the Company's assessments during the For personal use only listing process, the following key points have been identified Low Technical High Recovery Excellent Well Established Risk Rates Infrastruct
Slide 10: Peer Comparison
Peer Comparison Resource Grade (ppm U3O8) Undervalued with clear valuation uplift achievable via 400 resource growth 350 300 For personal use only 250 Peer comparisons provide proof of strategy – already 200 undervalued on EV/Resource basis prior to significant 150 100 resource growth program 50 0 M
Slide 11: Upcoming Milestones
Upcoming Publishing JORC Drilling results from For personal use only Exploration Target for Chisebuka and Milestones Muntanga Project area Muntanga East ESIA Upgrade to JORC approval Mineral Resource Estimate Commencement of Atomic Eagle technical largest exploration review of Feasibility campaign i
Slide 12: Appendices
For personal use only APPENDICES
Slide 13: Muntanga 2024 Mineral Resource Estimate
Muntanga 2024 Mineral Resource Estimate Mineral Resource Estimate*, Muntanga Project, Zambia For personal use only U3O8 CUT-OFF TONNES U3O8 GRADE U3O8 METAL CATEGORY DEPOSIT [PPM] [MT] [PPM] [MLB] 110 Gwabi 1.1 254 0.6 Measured 90 Njame 2.5 358 2.0 90 Muntanga 8.6 369 7.0 90 Dibbwi 3.2 253 1.8 Indic
Slide 14: Peer Comparison Data
Peer Comparison Data Total M&I M&I EV/lb M&I Stage of Price Shares M.Cap Cash2 EV Inf Grade Company Ticker Country Resource Resource Grade Resource For personal use only Development (A$/sh)1 ($M) (A$M) (AS$M) (A$M) (Mlb)2 (ppm)2 (Mlb)2 (Mlb)2 (ppm)2 (A$) Advanced Atomic Eagle ASX: AEU Zambia $0.31 3
Slide 15: Registered Office
For personal use only Registered Office Level 4 66 Kings Park Road WEST PERTH WA 6005 Telephone: + 61 8 6382 1805 Email: info@atomiceagle.com.au Website: www. atomiceagle.com.au