ATOMIC EAGLE LTD — Interim / Quarterly Report 2026

Apr 29, 2026

ASX Announcement

Atomic Eagle

30 April 2026

MARCH 2026 QUARTERLY ACTIVITIES REPORT

Highlights

• Total Muntanga Mineral Resources increased by 11.4Mlbs to 58.8Mlbs $\mathrm{U}{3}\mathrm{O}{8}$ at 309ppm, representing a $24\%$ increase.
• Maiden pit-constrained Mineral Resource Estimates (MRE) completed for:
• Chisebuka: Inferred MRE of 19.9Mt @ 220 ppm $\mathrm{U}{3}\mathrm{O}{8}$ for 9.7Mlbs
• Muntanga East: Inferred MRE of 3.1Mt @ 252 ppm $\mathrm{U}{3}\mathrm{O}{8}$ for 1.7Mlbs
• Resource upgrade delivered at low discovery cost of US$0.05/lb relative to current spot uranium price of US$86/lb
• Independent engineer PRODEO Consulting confirmed the reported production targets, capital costs, operating costs and financial outcomes of the March 2025 Muntanga Feasibility Study, allowing Atomic Eagle to release it in compliance with ASX Listing Rules Chapter 5.
• Feasibility Study highlights included:
• Production: Low-strip ratio open pit mine and heap leaching with industry-standard, conventional processing methods to produce an average of 2.2 Mlb $\mathrm{U}{3}\mathrm{O}{8}$ saleable product per annum¹
• Optimised ore processing: Only requires crushing to 25mm for agglomeration
• High process recoveries: Life of Mine (“LOM”) average recovery rate exceeds $90\%$
• Low acid consumption: Average of approximately $20\mathrm{kg}$ $\mathrm{H}_2\mathrm{SO}_4$ per tonne of ore treated
• Long Project life: LOM of $\sim 12$ years
• Atomic Eagle declared a maiden Probable Ore Reserve of 39.6 million tonnes (“Mt”) @ 320ppm $\mathrm{U}{3}\mathrm{O}{8}$, containing 28.0 million pounds (“Mlb”) $\mathrm{U}{3}\mathrm{O}{8}$, in accordance with the guidelines of the JORC code, consistent with the outcomes of the Feasibility Study.
• Atomic Eagle has commenced the largest drill program at Muntanga in almost 20 years.
• Cash balance at the end of the quarter of $16.3 million.

¹ Feasibility Study outcomes are based on the range of material assumptions regarding modifying factors outlined in this announcement. Among these material assumptions are the Company's prospects of securing further debt and equity funding. Investors should note that there is no certainty the Company will be able to raise the required amount of funding when needed and that access to such funding may be subject to conditions that may or may not be within the Company's control. It is also possible that such funding may only be available on terms that may be dilutive to, restrictive of, or otherwise adversely affect the value of the Company's shares. While the Company considers all the material assumptions to be based on reasonable grounds, there is no certainty that they will prove to be correct or that the outcomes indicated by the Feasibility Study will be achieved.

Atomic Eagle Limited | ASX:AEU | ABN: 20 108 958 274

Level 20, 140 St Georges Terrace, Perth WA 6000

P: +61 8 9200 3426 E: info@atomiceagle.com.au W: atomiceagle.com.au

---

Atomic Eagle Limited ('Atomic Eagle' or 'the Company') (ASX:AEU | OTCQB: AEUXF) is pleased to report on its activities for the March 2026 Quarter, including at its Muntanga Uranium Project ('Muntanga' or the 'Project') in Zambia.

Muntanga Project Mineral Resource Estimate

In March, Atomic Eagle announced a 24% increase in total Mineral Resources at Muntanga, following completion of the Company's maiden drilling campaign at the Project².

Table 1 below incorporates the maiden MRE for Chisebuka and Muntanga East into the MRE for the entire Muntanga Project. The Measured and Indicated Resource remains at 50.4Mt @ 359ppm U₃O₈ for a total of 40.0Mlbs U₃O₈ whilst the Inferred Resource increases to 35.8Mt @ 238ppm U₃O₈ for a total of 18.8Mlbs U₃O₈. The location of the new resources within the entire Project area is shown in Figure 1 below.

Table 1: Mineral Resource Estimate for the Muntanga Uranium Project, including Chisebuka and Muntanga East

CATEGORY	U₃O₈ CUT-OFF [PPM]	DEPOSIT	TONNES [Mt]	U₃O₈ GRADE [ppm]	U₃O₈ METAL [Mlb]
Measured	110	Gwabi	1.1	254	0.6
	90	Njame	2.5	358	2
Indicated	90	Muntanga	8.6	369	7
	90	Dibbwi	3.2	253	1.8
	90	Dibbwi East	31.3	372	25.7
	110	Gwabi	2.7	374	2.2
	90	Njame	1.0	306	0.7
Total M&I			50.4	359	40.0
Inferred	90	Muntanga	3.4	278	2.1
	90	Dibbwi	1.0	213	0.5
	90	Dibbwi East	7.1	252	3.9
	110	Gwabi	0.2	272	0.1
	90	Njame	1.1	329	0.8
	90	Chisebuka	19.9	220	9.7
	90	Muntanga East	3.1	252	1.7
Total Inferred			35.8	238	18.8
TOTAL			86.2	309	58.8

Notes:

1. Mineral resources are constrained within an optimised pit shell using a uranium price of US$100/lb, mining costs of US$3.30/t, processing costs of US$9.00/t, additional mining costs of US$0.55/t, G&A costs of US$1.50/t, Transport costs of US$1.50 and a royalty of 5%.
2. Mineral Resources are reported at a U₃O₈ ppm cut-off grade within the optimised pit shell and are inclusive of Mineral Reserves.
3. Mineral Resources are inclusive of mineralisation in the low-grade U₃O₈ 80 ppm halo but reported above the relevant cut-off and classed as Inferred Resources. This mineralisation represents approximately 5% of the total Mineral Resources metal (Mlb) for Dibbwi, Dibbwi East, Muntanga. Njame and Gwabi. For Muntanga East and Chisebuka, a 100ppm grade cut off was used to define the mineralisation.
4. Mineral Resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources will be converted into mineral reserves in the future.
5. All figures have been rounded to reflect the relative accuracy of the estimate.

Atomic Eagle Limited | ASX:AEU | www.atomiceagle.com.au

---

X

Figure 1: Location of Chisebuka and Muntanga East Resources within the Muntanga Project Licence Area

Chisebuka Mineral Resource Estimate

The Chisebuka target is located in the southernmost tenement (Kariba Valley) of the Company's large licence package (see Figure 1 above). Atomic Eagle identified the Chisebuka target as a high priority exploration target and completed its 69-hole (7,235m) drill program in late 2025, with results reported in January 2026. The historical drilling was infilled by closer spaced drilling at 200m x 100m over the entire Chisebuka target (3.5km x 1.5km), and a smaller, shallower, higher-grade area was targeted for further infill drilling at 100m x 100m to generate the current MRE.

Infill drilling focused on the higher grade and thicker mineralised zone in the north of the Chisebuka target. This area measures 800m x 600m and remains open to the north-west and south-east. The mineralisation consists of a series of stacked lenses that extends from surface to depths of 150m in places and follows the sandstone bedding planes. The area shows several extensional fractures that seem to have controlled mineralisation in the area.

Chisebuka is the first of six priority target areas to be drilling across the broader Muntanga Project licence area.

Atomic Eagle Limited | ASX:AEU | www.atomiceagle.com.au

---

X

Figure 2: Chisebuka MRE outline within Grade x Thickness contour

Atomic Eagle, and independent mineral resource estimation specialist Snowden Optiro, prepared an MRE for the Chisebuka target that incorporated results of the recently completed 69-hole (7,235m) infill drill program. Whilst a total of 131 holes for 12,395m were drilled into Chisebuka, the resource was estimated around the area of higher-grade mineralisation drilled to 100m x 100m spacing informed by 42 holes (Figure 2).

Atomic Eagle's maiden Inferred Mineral Resource for Chisebuka is estimated at 19.9Mt at 220ppm U₃O₈ for 9.7Mlb at a 90ppm cut off. The remaining area of Chisebuka will be targeted in the coming 2026 drill program to further define areas of shallow higher-grade mineralisation aimed at expanding the MRE. Chisebuka is now the second largest deposit in the Project area and is likely to support a separate heap leach operation for upgrading prior to transportation to a central processing facility.

Muntanga East Mineral Resource Estimate

The Muntanga East target is located on the Muntanga Mining Licence (13880-HQ-LML), 5km north-east of the Muntanga resource (9.1Mlb U₃O₈) and 8km north-east of the Dibbwi East resource (29.6Mlb U₃O₈) (see Figure 1). Muntanga East was first identified by previous owner Denison Mines Corp (Denison) as a discrete radiometric anomaly. Denison drilled 16 holes for 1,203m across 2008 and 2012 but never followed up on the intercepts.

Atomic Eagle's drilling was the first major drill program at Muntanga East in 12 years and comprised a total of 75 holes for 4,799m. Given its proximity to Muntanga and Dibbwi East, the Muntanga East target was identified as a high priority exploration target.

The program consisted of 65 open hole hammer holes for 4,153m and 10 diamond drill holes for 646m. The uranium mineralisation is similar to Muntanga, composed primarily of secondary uranium mineralisation (meta-autunite) localised along fractures and disseminated within the clay matrix of the host sandstone.

Atomic Eagle Limited | ASX:AEU | www.atomiceagle.com.au

---

X

The 2025 drill program successfully confirmed and expanded on historical drilling intercepting a near-surface (<50m), flat-lying zone of uranium mineralisation 1,000m long, 600m wide and up to 20m thick (Figure 3).

Figure 3: Muntanga MRE outline within Grade x Thickness contour

Atomic Eagle and Snowden Optiro prepared an MRE for Muntanga East that incorporated results of the recently completed infill drill program comprising 75 holes for 4,799m. Atomic Eagle's maiden Inferred Mineral Resource for Muntanga East is estimated at 3.1Mt at 252ppm $\mathsf{U}_3\mathsf{O}_8$ for 1.7Mlb at a 90ppm cut off. The Muntanga East deposit is likely to provide a low strip-ratio addition to the mining inventory, given its proximity to the central Muntanga and Dibbwi East resources.

Muntanga Feasibility Study

On 4 March 2026, Atomic Eagle released the results of a Feasibility Study for Muntanga, originally completed in March 2025, following the completion of an independent engineering review undertaken to support compliance with ASX Listing Rules Chapter 5. The Feasibility Study results were first disclosed by GoviEx Uranium Inc. (TSX-V: GXU) ("GoviEx") on 10 March 2025, following completion of an NI 43-101 compliant Feasibility Study for the Muntanga Uranium Project.

Independent engineering consultancy PRODEO Consulting (Pty) Ltd ("PRODEO") was engaged to conduct a Material Assumptions Review of the Feasibility Study in accordance with ASX Listing Rules 5.16 and 5.17. The independent and appropriately qualified engineering consultancy undertook the review with particular focus on:

• Mining method, pit design and production schedules
• Metallurgical test work and process design assumptions
• Heap leach and processing plant configuration

Atomic Eagle Limited | ASX:AEU | www.atomiceagle.com.au

---

Page 6 of 10

• Capital and operating cost inputs
• Schedule maturity and implementation assumptions
• Consistency between technical documentation and the financial model.

The independent review concluded that:

• The Feasibility Study provides a credible and technically viable basis for the Project
• The mining strategy, production schedule and operating cost assumptions are technically sound and consistent with accepted industry practice
• The processing flowsheet is conventional and supported by extensive metallurgical test work
• The capital and operating cost estimates, and the derived financial outcomes, are broadly reasonable for a feasibility-level study
• No fatal technical flaws were identified that would prevent the Project from advancing.

The review also identified opportunities for further optimisation and areas where additional definition and reconciliation would enhance execution readiness, which the Company intends to address as part of its next phase of work.

Table 2 shows the key operating and financial parameters outlined in the original March 2025 Feasibility Study.

Table 2: March 2025 Feasibility Study – Key Operating and Financial Parameters

Item	Units	Value
Production and Mining
Mine life	Years	~12
Ore Mined	Mt	39.6
Ore Grade	ppm U₃O₈	320
Plant throughput	Mtpa	3.5
LOM Production	Mlb U₃O₈	25.3
Average annual production	Mlb pa	2.2
Financial Parameters
Pre-production capital cost	US$ million	282
Operating costs (C1)	US$/lb	32.20
Post-tax NPV₈	US$ million	243
Post-tax IRR	%	20.8
Payback period	Years	3.5
LOM Free Cash Flow	US$ million	672

While Atomic Eagle considers all material assumptions of the Feasibility Study to be based on reasonable grounds, there is no certainty that they will prove to be correct or that the outcomes presented in this Feasibility Study will be achieved.

Atomic Eagle Limited | ASX:AEU | www.atomiceagle.com.au

---

X

Zambian Exploration Activities

During the quarter, the Company made preparations for the 2026 drill program including signing a drilling contract for two rigs and equipment required to clear drill pads. Owing to the uncertainty surrounding fuel availability, the Company procured 40,000 litres of diesel at a price within the Company's budget for storage in the Company's 57,000 litre fuel storage tanks shown in Figure 4. This provides sufficient fuel for the first three months of planned exploration activities.

Figure 4: Diesel fuel storage tanks at Muntanga camp (57,000 litre capacity)

CORPORATE

CASH POSITION

As at 31 March 2026, Atomic Eagle held $16.3 million in cash, providing a strong balance sheet to fund planned exploration programs, corporate and technical activities.

Atomic Eagle spent $408,000 on exploration activities during the quarter. Details of the exploration activities undertaken are set out in this quarterly activity report.

There were no substantive mining production and development activities during the quarter.

DATE OF ANNUAL GENERAL MEETING

Atomic Eagle's Annual General Meeting (AGM) will be held at 11.00am (AWST) on Wednesday 27 May 2026. A Notice of Meeting was sent to shareholders on Friday 24 April 2026.

Atomic Eagle Limited | ASX:AEU | www.atomiceagle.com.au

---

Page 8 of 10

USE OF FUNDS

Atomic Eagle was re-admitted to the official list of the ASX on 24 November 2025, following the completion of a capital raising of $10 million. The March 2026 quarter is included in a period covered by a Use of Funds statement in the Prospectus lodged with ASX under Listing Rule 1.1 condition 3.

A comparison of the Company's actual expenditure since re-admission to 31 March 2026 against the estimated expenditure in the Use of Funds statement is set out below in accordance with ASX Listing Rule 5.3.4. The Company is on track to meet the planned business objectives detailed in the prospectus

Use of Funds	Prospectus Use of Funds (estimate)	Actual Use of Funds to 31/03/2026	Remaining spend (estimate)
	$	$	$
Muntanga - Project development costs	3,880,000	-	3,880,000
Muntanga - Exploration activities	12,886,600	1,218,404	11,668,196
Madaouela legal costs	920,245	1,084,728	(164,483)
Corporate and general administration	3,382,000	2,070,630	1,311,370
Working Capital	2,212,246	281,271	1,930,975
Transaction costs	1,369,940	663,023	706,917
Broker fees	600,000	600,000	-
Change of control/termination payments	-	1,676,379	-
Total	25,251,031	7,594,435

PAYMENTS TO RELATED PARTIES

During the quarter, payments to related parties for directors' fees totalled $30,000.

Approved for release by the Board of Atomic Eagle Limited.

For further information, please contact:

Phil Hoskins
Chief Executive Officer
Atomic Eagle Limited
E: info@atomiceagle.com.au
P: +61 8 9200 3426

Nathan Ryan
Investor and Media Relations
NWR Communications
E: nathan.ryan@nwrcommunications.com.au
P: +61 420 582 887

Atomic Eagle Limited | ASX:AEU | www.atomiceagle.com.au

---

X

TENEMENT SCHEDULE

LICENCE NUMBER	LICENCE NAME	PROJECT	LOCATION	INTEREST AT BEGINNING OF QUARTER	INTEREST AT END OF QUARTER
13880-HQ-LML	Muntanga Mining Licence	Muntanga	Zambia	0%	100%
13881-HQ-LML	Dibbwi Mining Licence	Dibbwi	Zambia	0%	100%
12634-HQ-LML	Chirundu Mining Licence	Chirundu	Zambia	0%	100%
22075-HQ-LEL	Chirundu_Ext Exploration Licence	Chirundu	Zambia	0%	100%
22803-HQ-LEL	Nabbandia Exploration Licence	Nabbandia	Zambia	0%	100%
38555-HQ-LML	Kariba Valley Mining Licence	Kariba	Zambia	0%	100%

As disclosed in the prospectus, from 2007 GoviEx had focused on the exploration and development on the Madaouela Uranium Project in Niger (the Madaouela Project). The Madaouela Project was controlled 100% by the Nigerien mining company, Compagnie Miniere Madaouela SA, owned 80% by GoviEx and 20% by the Government of the Republic of Niger (the State).

The Madaouela Project previously included a mining permit for Madaouela I which was withdrawn by the Niger Ministry of Mines in July 2024. As a result of the withdrawal, currently Atomic Eagle no longer holds any rights to the mining permit, which reverted to the State and is now part of the public domain.

The Company commenced arbitration proceedings against the State under the International Centre for Settlement of Investment Disputes Convention, asserting that the withdrawal breached obligations under applicable mining law in Niger and that the conduct was a breach by the State of its obligation to execute its undertakings in good faith.

In February 2025, the Company signed a letter of intent with the State, outlining a structured roadmap to negotiate a resolution to the dispute. As part of this process, GoviEx agreed to a temporary suspension to the arbitration proceedings while negotiations continue. Under new Company management, this process is ongoing at the date of this report.

Atomic Eagle Limited | ASX:AEU | www.atomiceagle.com.au

---

Atomic Eagle Limited

About Atomic Eagle

Atomic Eagle Limited (ASX: AEU) is an ASX-listed mineral resource company focused on exploration and development of uranium assets in Africa, with the 100%-owned district-scale Muntanga Uranium Project in Zambia as its core asset. The Muntanga Project area spans four mining licences and two exploration licences over a 146km strike length covering 1,136km², adjacent to Lake Kariba. The Muntanga Uranium Project contains a Measured and Indicated Resource of 50.4Mt @ 359ppm U₃O₈ for a total of 40.0 Mlbs U₃O₈ and an Inferred Resource of 35.8Mt @ 238ppm U₃O₈ for a total of 18.8Mlbs U₃O₈ to deliver a combined total of 58.8Mlb U₃O₈ at 309ppm.

Muntanga benefits from excellent infrastructure, being located near the town of Chirundu close to the Zimbabwe border, with sealed road access to Chirundu, Siavonga Lusaka (the capital). This network gives the project easy access to Lusaka's international airport and to Namibia's port of Walvis Bay via Livingstone (about 560km west) providing export routes to both western and eastern markets.

Competent Person's Statement – Mineral Resource Estimate

The information in this announcement relating to the Mineral Resource Estimate, is based on information compiled and supervised by Mr Harry Mustard, who is a Member of the Australian Institute of Geoscientists. Mr Mustard is a geologist with over 40 years of experience in mineral exploration and mining, including 8 years working on sediment-hosted and granite-related uranium deposits in Asia and Africa. He is a consultant to Atomic Eagle. Mr Mustard has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the exploration activity being undertaken to qualify as a Competent Person as defined in the JORC Code (2012 Edition). Mr Mustard consents to the inclusion in this announcement of the matters based on their information in the form and context in which it appears.

Atomic Eagle confirms that it is not aware of any new information or data that materially affects the information included in the original report and that all material assumptions and technical parameters underpinning the previously announced Mineral Resource Estimate for the Muntanga Uranium Project continue to apply and have not materially changed. Atomic Eagle confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original report and that the Competent Person's consent remains in place for subsequent releases by Atomic Eagle of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report or accompanying consent.

Atomic Eagle Limited | ASX:AEU | www.atomiceagle.com.au

---

Rule 5.5

Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Name of entity

Atomic Eagle Limited

ABN

20 108 958 274

Quarter ended ("current quarter")

31 March 2026

Consolidated statement of cash flows		Current quarter $A'000	Year to date (3 months) $A'000
1.	Cash flows from operating activities
1.1	Receipts from customers	-	-
1.2	Payments for
	(a) exploration & evaluation	(408)	(408)
	(b) development	-	-
	(c) production	-	-
	(d) staff costs	(502)	(502)
	(e) administration and corporate costs	(1,183)	(1,183)
	(f) Goviex termination payments	(794)	(794)
1.3	Dividends received (see note 3)	-	-
1.4	Interest received	76	76
1.5	Interest and other costs of finance paid	-	-
1.6	Income taxes paid	-	-
1.7	Government grants and tax incentives	-	-
1.8	Other (provide details if material)	-	-
1.9	Net cash from / (used in) operating activities	(2,811)	(2,811)

2. Cash flows from investing activities

2.1 Payments to acquire or for:

(a) entities

(b) tenements

(c) property, plant and equipment

(d) exploration & evaluation

(e) investments

(f) other non-current assets (security deposit on office lease)

• • (194) (194)
• • (93) (93)

ASX Listing Rules Appendix 5B (17/07/20)

• See chapter 19 of the ASX Listing Rules for defined terms.

---

Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Consolidated statement of cash flows		Current quarter $A'000	Year to date (3 months) $A'000
2.2	Proceeds from the disposal of:
(a) entities	-	-
	(b) tenements	-	-
	(c) property, plant and equipment	-	-
	(d) investments	-	-
	(e) other non-current assets	-	-
2.3	Cash flows from loans to other entities	-	-
2.4	Dividends received (see note 3)	-	-
2.5	Other (provide details if material)	-	-
2.6	Net cash from / (used in) investing activities	(287)	(287)
3.	Cash flows from financing activities
3.1	Proceeds from issues of equity securities (excluding convertible debt securities)	67	67
3.2	Proceeds from issue of convertible debt securities	-	-
3.3	Proceeds from exercise of options	-	-
3.4	Transaction costs related to issues of equity securities or convertible debt securities	-	-
3.5	Proceeds from borrowings	-	-
3.6	Repayment of borrowings	-	-
3.7	Transaction costs related to loans and borrowings	-	-
3.8	Dividends paid	-	-
3.9	Other (provide details if material)	-	-
3.10	Net cash from / (used in) financing activities	67	67
4.	Net increase / (decrease) in cash and cash equivalents for the period
4.1	Cash and cash equivalents at beginning of period	19,339	19,339
4.2	Net cash from / (used in) operating activities (item 1.9 above)	(2,811)	(2,811)
4.3	Net cash from / (used in) investing activities (item 2.6 above)	(287)	(287)
4.4	Net cash from / (used in) financing activities (item 3.10 above)	67	67

ASX Listing Rules Appendix 5B (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.

---

Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Consolidated statement of cash flows		Current quarter $A'000	Year to date (3 months) $A'000
4.5	Effect of movement in exchange rates on cash held	5	5
4.6	Cash and cash equivalents at end of period	16,313	16,313
5.	Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts	Current quarter $A'000	Previous quarter $A'000
---	---	---	---
5.1	Bank balances	16,313	16,313
5.2	Call deposits	-	-
5.3	Bank overdrafts	-	-
5.4	Other (provide details)	-	-
5.5	Cash and cash equivalents at end of quarter (should equal item 4.6 above)	16,313	16,313
6.	Payments to related parties of the entity and their associates	Current quarter $A'000
---	---	---
6.1	Aggregate amount of payments to related parties and their associates included in item 1	30
6.2	Aggregate amount of payments to related parties and their associates included in item 2	-
Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments.
7.	Financing facilities
Note: the term “facility” includes all forms of financing arrangements available to the entity.
Add notes as necessary for an understanding of the sources of finance available to the entity.	Total facility amount at quarter end $A'000	Amount drawn at quarter end $A'000
---	---	---	---
		-	-
7.1	Loan facilities	-	-
7.2	Credit standby arrangements	-	-
7.3	Other (please specify)	-	-
7.4	Total financing facilities	-	-
7.5	Unused financing facilities available at quarter end		-
7.6	Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.
	N/A

ASX Listing Rules Appendix 5B (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.

---

Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report

8. Estimated cash available for future operating activities	$A'000
8.1 Net cash from / (used in) operating activities (item 1.9)	(2,811)
8.2 (Payments for exploration & evaluation classified as investing activities) (item 2.1(d))	-
8.3 Total relevant outgoings (item 8.1 + item 8.2)	(2,811)
8.4 Cash and cash equivalents at quarter end (item 4.6)	16,313
8.5 Unused finance facilities available at quarter end (item 7.5)	-
8.6 Total available funding (item 8.4 + item 8.5)	16,313
8.7 Estimated quarters of funding available (item 8.6 divided by item 8.3)	5.80
Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7.
If item 8.7 is less than 2 quarters, please provide answers to the following questions:
8.8.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?
Answer: N/A
8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?
Answer: N/A
8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?
Answer: N/A
Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered.

ASX Listing Rules Appendix 5B (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.

---

Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Compliance statement

1. This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
2. This statement gives a true and fair view of the matters disclosed.

Date: 30 April 2026

Authorised by: Board of Atomic Eagle Limited

(Name of body or officer authorising release – see note 4)

Notes

1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity's activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.
2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.
3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.
4. If this report has been authorised for release to the market by your board of directors, you can insert here: "By the board". If it has been authorised for release to the market by a committee of your board of directors, you can insert here: "By the [name of board committee – eg Audit and Risk Committee]". If it has been authorised for release to the market by a disclosure committee, you can insert here: "By the Disclosure Committee".
5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council's Corporate Governance Principles and Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.

ASX Listing Rules Appendix 5B (17/07/20)

• See chapter 19 of the ASX Listing Rules for defined terms.