Haranga (ASX:HAR) Nears Completion of Lincoln Gold Project Acquisition; Drilling Preparations Underway

June 11, 2025 04:13 PM AEST | By Sonal Goyal

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Highlights

Haranga Resources is nearing completion of due diligence for its planned acquisition of the Lincoln Gold Project.

To date, the due diligence process has not reported any material concerns.

Shareholder approval for the acquisition was secured at the General Meeting held on 11 June 2025.

Final conditions precedent are expected to be satisfied by around 30 June 2025.

Early-stage preparations for drilling have commenced, with a timetable to follow upon completion of the acquisition.

Haranga Resources Limited (ASX:HAR), a mineral exploration company, has announced that it is nearing the completion of due diligence for the acquisition of the Lincoln Gold Project, located in California, the USA. The project lies within the most mineral-rich section of the “Mother Lode” belt, historically renowned for its high-grade gold deposits and its central role in the California Gold Rush.

To date, the due diligence process has not identified any material concerns. The company confirmed that it is progressing toward satisfying the final conditions precedent, including shareholder approval, an important milestone achieved at the General Meeting held earlier on 11 June 2025.

Haranga expects all remaining conditions to be fulfilled by approximately 30 June 2025. In preparation for the acquisition’s completion, the company has already initiated early groundwork for upcoming drilling at the Lincoln site. A detailed drilling schedule is expected to be released once the acquisition is finalised.

Following the successful General Meeting, Haranga also announced its plan to issue the T2 Placement Shares on 18 June 2025, marking another step forward in its strategic exploration initiatives.

HAR shares traded at AUD 0.066 per share on 11 June 2025.

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