Neu Horizon Uranium (ASX:NHU) has completed its summer exploration program across Sweden, delivering the first modern uranium dataset over its projects in four decades.
The company deployed five techniques across its 110,000-hectare position, collecting more than 12,000 line kilometres of new airborne geophysical data and deploying 2,934 RadonX radon detector cups across five priority exploration permits.
CEO Conrad Ocker says the program positions the company to define drill targets for a maiden drilling campaign planned for early 2027.
“When we listed in July, we set out a clear plan: move quickly, apply modern exploration techniques across our Swedish portfolio during the short northern summer, and be ready to drill the best targets this winter,” Ocker says.
“This provides us with a substantial body of modern data over ground never explored with these tools. Our geologists and consultants are now integrating the data, and shareholders can expect a steady flow of results over the coming weeks as we define targets for our maiden drill program.”
The campaign exceeded the scope announced at listing. Radai collected 8,511 line kilometres of high-resolution drone magnetic data at 50m spacing across five permits at the Arvidsjaur and Krokom projects.
It also completed 395 line kilometres of drone radiometric surveys. A further 3,397 line kilometres of heliborne electromagnetic and magnetic data was collected.
Remote Exploration Services deployed radon emanometry across the Ravenberget, Suddesjaur, Arresäive, and Laisbäcken prospects at Arvidsjaur, and the Storvallflon prospect at Krokom.
The technique detects uranium mineralisation at depth, with reported detection capabilities exceeding 100m under favourable conditions.
Company crews collected more than 100 line kilometres of ground radiometric data and submitted 62 rock chip samples to ALS Laboratories in Piteå. The team also re-logged 12 historical drill holes, including eight drilled by Hodges Resources at Ravenberget.
Arvidsjaur targets structurally controlled uranium deposits associated with Paleoproterozoic episyenitised felsic metavolcanic rocks and late-stage granites linked to major crustal-scale shear zones.
Historical work identified shallow intersections including 17m at 1,000 parts per million (ppm) uranium oxide from 60m at Ravenberget.
The Krokom and Vilhelmina projects target uranium-bearing graphitic black shales. Moderate to high graphite content renders the units strongly conductive, making them suitable for electromagnetic mapping beneath cover.
Sweden lifted its uranium mining ban on 1 January 2026 and removed municipal council approval requirements for uranium extraction in July. The country has seen no systematic uranium exploration since the mid-1980s.
The company remains fully funded for its planned two-year exploration program following completion of its $12 million initial public offering at $0.20 per share in July 2026.
Neu Horizon Uranium is an Australian uranium explorer with a portfolio that also includes an option to earn up to 80% in the Woods Uranium Project package in Canada’s Athabasca Basin.
Write to JC Villarba at Mining.com.au
Main image: Neu Horizon Uranium
