Haranga Resources (ASX: HAR, FRA: 65E0) reports maiden high-grade uranium mineral resource for Saraya

September 25, 2023 12:55 PM AEST | By Manisha

Haranga Resources (ASX: HAR, FRA: 65E0) reports maiden high-grade uranium mineral resource for Saraya — Image source: Company website

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Highlights

Saraya uranium project has maiden Inferred Mineral Resource of 16Mlbs of eU₃O₈ (7,300t) at a grade of 587ppm (250ppm cut-off).

The resource only covers 0.2km² of permit area.

The resource includes large higher grade (641 ppm) potentially open pitable component within 160m of the surface.

There lies major exploration upside across the large permit area, where minimum six additional uranium radiometric and coincident geochemical uranium anomalies have already been defined.

In the latest announcement, multi-commodity company Haranga Resources Limited (ASX: HAR, FRA: 65E0) revealed the maiden global mineral resource estimate for the Saraya Uranium Deposit, West Africa.

The JORC 2012 Inferred Resource consists of an estimated 16.1 Mlbs (7,300t) of eU₃O₈at an average grade of 587ppm using a 250ppm eU₃O₈ cut-off. The reported Mineral Resource Estimate has been prepared by A. Gillman of Odessa Resources Pty Ltd, following the 2012 JORC Code. The estimate is primarily based on historical diamond and reverse circulation drilling, and recent validation drilling conducted by the company.

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