Neu Horizon completes Swedish uranium exploration campaign
- Neu Horizon Uranium finished its summer exploration programme across three Swedish uranium projects.
- The completion of the field activities establishes modern exploration datasets over the Swedish assets for the first time in four decades.
- The company aims to process the gathered geophysical and geochemical data to target drilling locations for early 2027.
Neu Horizon Uranium (ASX:NHU) completed its summer field campaign across the Arvidsjaur, Sorsele, and Vilhelmina uranium projects in Sweden.
This exploration campaign marks the first modern, systematic uranium search across these Swedish properties since the late 1980s.
"When we listed in July, we set out a clear aim: show quality, deploy modern exploration techniques across our Swedish portfolio during the short northern summer, and be ready to drill the best targets this winter," said Neu Horizon Uranium CEO Conrad Ocher.
The company gathered over 12,000 line kilometres of airborne geophysical data, collected over 100 line kilometres of ground radiometrics, and deployed 2,536 RadonX radon detector cups across five priority permits.
Neu Horizon stated that data integration is underway to define drill targets for early 2027, backed by $5.1 million raised at $0.20 per share in July.
Following the announcement, the Neu Horizon Uranium share price was unchanged at $0.066.
The business maintains exploration projects in Sweden across a total regional area exceeding 110,000 hectares that became eligible for exploration following Sweden's uranium mining policy adjustments.
The company re-logged 12 historical drill holes and submitted 62 rock crop samples for lab testing to complement its airborne magnetic, radiometric, and electromagnetic survey data.
