Neu Horizon Uranium Identifies 2-Kilometer Long Uranium Target at Sweden Prospect

MT Newswires Live10-23 09:20

Neu Horizon Uranium (ASX:NHU) said it identified a more than 2-kilometer long conductor at its Storvallflon prospect in Sweden carrying the "strongest surface uranium response" the company has recorded so far this year, according to a Friday filing with the Australian bourse.

The company said 3D modeling indicates the black shale is folded into an antiform with only its crest exposed, which means the target could be much larger than it looks from the surface.

Neu Horizon plans to launch a 4,000-meter diamond drilling program at Storvallflon in the first quarter of 2027, fully funded with a cash position of about AU$8.6 million as of Sept. 30.

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