A fracture-controlled uranium deposit was identified in Proterozoic Ajabgarh metasediments of the North Delhi Fold Belt within the Khetri subbasin at Rohil, Sikar district, Rajasthan, India. Uranium mineralization in the area is associated with geologic structures, albitization, and pyroxenization of metasediments and conductors such as metallic sulfides and carbonaceous phyllites/graphitic schists. To locate uranium mineralization akin to Rohil in nearby thick soil covered areas, this association was targeted through heliborne geophysical surveys. High-resolution heliborne magnetic and time domain electromagnetic (TEM) surveys were conducted around Rohil. The survey delineated several targets with favorable geologic structures and conductors such as graphitic schist for further uranium exploration. One favorable target near Chappar village was taken up for follow-up exploration work. The EM conductor mapped from heliborne survey was subsequently validated through ground time-domain electromagnetic surveys and subsurface exploration. Modeling of heliborne and ground-based electromagnetic data revealed the presence of subsurface conducting bodies with comparable model parameters. Drilling established the presence of a subsurface conductor up to a depth of 300 m, which was attributed to the presence of graphite and sulfides (pyrrhotite) along foliation plane of carbon phyllite/graphitic schist/quartz-biotite schist and calc-silicate rock. Further detailed laboratory investigations (petrology/X-ray diffraction) of selected core samples from the conductive zones confirmed the presence of pyrrhotite and graphite responsible for EM signature. This study, carried out by using multiparameter data sets, proved the efficacy of heliborne surveys in locating favorable targets for uranium exploration in Ajabgarh group of rocks.