Neu Horizon Uranium Limited · ASX:NHU
Neu Horizon Uranium — Investor Presentation (November 2026)
24 slides from Neu Horizon Uranium's investor presentation, Nov 9, 2026
Slide 1: Unlocking Sweden's uranium potential
Arvidsjaur 5 PERMITS rsonal use only Vilhelmina 7 PERMITS Hotagen 1 PERMIT Unlocking Sweden’s Berg 5 PERMITS uranium potential. Krokom DRILLING Q1 2027 First-mover uranium exploration in a reopened Sweden, with Athabasca Basin upside INVESTOR PRESENTATION · NOVEMBER 2026 · ASX: NHU NHU EXPLORATION P
Slide 2: Important notice
DISCLAIMER Important notice This presentation has been prepared by Neu Horizon Uranium Limited (ACN 653 749 145) (“the Company”) and is provided for information purposes only. Forward Looking Statements No reproduction or distribution of this material is permitted to companies or individuals outside
Slide 3: Record uranium prices, a newly opened jurisdiction and a drill-ready target
INVESTMENT CASE · INVESTMENT HIGHLIGHTS Record uranium prices, a newly opened jurisdiction and a drill-ready target A funded explorer with first-mover ground in Europe’s newest uranium jurisdiction rsonal use only Right commodity, right time 01 Uranium long-term price at a record US$98.00/lb (Oct 20
Slide 4: Corporate snapshot
CORPORATE Corporate snapshot The market values the portfolio at roughly A$1.6m beyond cash rsonal use only A$0.064 A$10.2m A$8.6m ~A$1.6m Share price (5 Nov 2026) Market capitalisation Cash (30 Sep 2026) Enterprise value CAPITAL STRUCTURE USE OF IPO FUNDS · 2-YEAR BUDGET 160.0m 18.8m ALLOCATION A$M
Slide 5: Five ASX listings, A$500m+ raised, nine years in the Nordics
LEADERSHIP · BOARD & MANAGEMENT Five ASX listings, A$500m+ raised for exploration, and nine years in the Nordics The team behind Cobre (ASX:CBE) rsonal use only Martin Holland Conrad Ocker Adam Wooldridge Brian Nizette Michael Addison EXECUTIVE CHAIR CHIEF EXECUTIVE OFFICER TECHNICAL DIRECTOR CFO &
Slide 6: Right commodity, right place, right time
01 rsonal use only SECTION 01 · THE MARKET Right commodity, right place, right time Record uranium prices, and a European jurisdiction that has just reopened
Slide 7: Price incentive is in place; the constraint is new supply
URANIUM MARKET · RECORD PRICES, LOOMING SUPPLY GAP Price incentive is in place; the constraint is new supply Term prices are at record highs as reactor demand heads to more than double by 2040 rsonal use only Uranium price, US$/lb U₃O₈, year-end 2016–2025 and 30 Oct 2026 · — Term - - Spot US$100 US$
Slide 8: Europe's largest uranium endowment, and no domestic mine
URANIUM MARKET · EUROPE NEEDS FUEL Europe’s largest uranium endowment, and no domestic mine Sweden is building new reactors but imports all of its nuclear fuel rsonal use only SWEDEN’S NEW-BUILD PIPELINE 100% Developer Site Technology Capacity Status / timing of EU natural uranium imported from outs
Slide 9: The door is open, and NHU is advancing while the window is open
POLICY · SWEDEN OPENS THE DOOR TO URANIUM The door is open, and NHU is advancing while the window is open Uranium is now permitted like any other metal under the Minerals Act rsonal use only May 2018 Feb 2024 Dec 2024 Nov 2025 1 Jan 2026 Jun 2026 15 Jul 2026 Uranium exploration and Government inquir
Slide 10: The goal and the plan
02 rsonal use only SECTION 02 · THE PLAN The goal and the plan Listed in July, drill-ready by October
Slide 11: Grade, not size, is the gap in Sweden's uranium inventory
STRATEGY · OUR GOAL Grade, not size, is the gap in Sweden’s uranium inventory Find high-grade uranium in Sweden, where the known endowment is large but low grade rsonal use only THE GOAL Discover multiple district-scale uranium deposits by applying modern, geophysics-driven exploration to ground tha
Slide 12: Ground secured, targets defined: drill testing starts in Q1 2027
STRATEGY · THE PLAN IN FOUR STEPS Ground secured, targets defined: drill testing starts in Q1 2027 How NHU moves from ground position to discovery rsonal use only 01 DONE 02 DONE 03 NEXT 04 THEN Secure the ground Find targets with Drill-test priority targets Turn discovery into modern data resource
Slide 13: One field season, five datasets, drill targets on all four Krokom prospects
EXECUTION · LISTED IN JULY, DRILL-READY BY OCTOBER One field season, five datasets, drill targets on all four Krokom prospects Five datasets across 15 of 22 Swedish permits in a single summer field season rsonal use only MID JULY Drone magnetic survey begins 7 JUL LATE JULY LATE SEPTEMBER ASX listin
Slide 14: Step 3: drill testing
03 rsonal use only SECTION 03 · DRILL TESTING Step 3: drill testing Storvallflon first, with five more projects behind it
Slide 15: Drill targets on all four Krokom prospects, with drilling from Q1 2027
KROKOM · SWEDEN Drill targets on all four Krokom prospects, with drilling from Q1 2027 Targeting high-grade stockwork black-shale uranium rsonal use only DRILL TARGETS 4/4 Krokom prospects with drill targets: Hamborg conductor >5 km; multiple shallow conductors at Kälen and Djupsjöberget. 12,415 ha
Slide 16: Storvallflon: five datasets, one target, drill-ready for Q1 2027
KROKOM · STORVALLFLON Storvallflon: five datasets, one target, drill-ready for Q1 2027 A >2 km conductor sits directly beneath a surface uranium anomaly rsonal use only >2 km 5 datasets EM, magnetics, spectrometry, radon and rock chips EM conductor directly beneath the surface anomaly align 2,120 pp
Slide 17: Four targets, one structural thesis: drilling tests for grade from Q1 2027
KROKOM · ALL FOUR PROSPECTS TARGETED Four targets, one structural thesis: drilling tests for grade from Q1 2027 Shallow EM conductors with coincident surface uranium; a 5,000–6,000 m programme through 2027 rsonal use only Prospect AEM conductors Surface uranium response Historical drilling (unverifi
Slide 18: Pipeline at a glance
PORTFOLIO Pipeline at a glance Drill targets on all four Krokom prospects, with three more projects lining up for drilling in 2027 rsonal use only TAR G E T TAR G E T PROJECT AREA TARGET STYLE GENERATION DEFINITION DRILL-READY DRILLING NEXT CATALYST Krokom SW EDEN 12,415 ha Stockwork black shale Dri
Slide 19: Arvidsjaur: the highest-grade surface results in the Swedish portfolio
PIPELINE · SWEDEN Arvidsjaur: the highest-grade surface results in the Swedish portfolio Drill targeting under way; drilling planned Q2 2027 rsonal use only 36,306 ha Granite-hosted >1.4% U₃O₈ Structurally-controlled uranium Outcrop, Östra Järntjärnbäcken 5 exploration permits INVESTMENT CASE High-g
Slide 20: Vilhelmina: the largest landholding, with decades of historical drilling
PIPELINE · SWEDEN Vilhelmina: the largest landholding, with decades of historical drilling to build on Target definition; drilling planned Q3 2027 rsonal use only 42,472 ha Black shale 30+ holes Historical holes on NHU permits 7 exploration permits Uranium in stratiform black shales INVESTMENT CASE
Slide 21: Woods, Canada: high-grade surface uranium on an under-drilled Athabasca trend
PIPELINE · CANADA Woods, Canada: high-grade surface uranium on an under-drilled Athabasca trend VTEM targets being finalised; drilling planned Q2 2027 rsonal use only >35,000 ha 80% 2.1% U₃O₈ Best outcrop sample Fir, Spruce, Pine and Aspen Earn-in from Fortune Bay (TSXV:FOR) INVESTMENT CASE Option t
Slide 22: Berg and Hotagen: two earlier-stage projects behind the drill-ready targets
PIPELINE · SWEDEN Berg and Hotagen: two earlier-stage projects behind the drill-ready targets Target ranking from the 2026 survey data; SGU-recorded uranium at both Berg Hotagen rsonal use only Shear-hosted uranium in Svecokarelian basement; shear zones sampled at two prospects Olden Granite window;
Slide 23: A defined goal every six months, from first drill hole to maiden resource
OUTLOOK · ROADMAP & GOALS A defined goal every six months, from first drill hole to maiden resource From first drilling to a maiden resource over 24 months rsonal use only 6-M ONTH GOAL TO APR 2027 12-M ONTH GOAL TO OCT 2027 18-M ONTH GOAL TO APR 2028 24-M ONTH GOAL TO OCT 2028 01 02 03 04 Maiden dr
Slide 24: Position ahead of maiden drilling at Storvallflon
INVESTMENT CASE · WHY INVEST NOW Position ahead of maiden drilling at Storvallflon A low-cost, funded entry ahead of a high-grade uranium drill test in a newly opened jurisdiction rsonal use only LOW ENTRY POINT Enterprise value: six projects for little more 01 ~A$1.6m than the A$8.6m cash, budgeted
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