Haranga Resources (ASX:HAR) Confirms Extensive Gold Mineralisation at Ibel South Project

Highlights

• Haranga has received and reviewed Phase 2 aircore assay results from the Ibel South Gold Project.
• Phase 2 drilling has confirmed a laterally extensive, structurally controlled gold system exceeding 800m of strike.
• Multiple wide gold intercepts were returned, with several drillholes ending in mineralisation.
• Geological review has indicated potential structural flexures that will guide further drill targeting.
• Haranga plans to commence further follow-up drilling in Q1 CY2026

Haranga Resources Limited (ASX:HAR) (FRA:65E0) has announced the receipt and review of assay results from its Phase 2 Aircore (AC) drilling program at the Ibel South Gold Project in southeastern Senegal. Drilling has confirmed a laterally extensive, structurally controlled orogenic gold system with potential continuity of more than 800m of strike. The mineralised trend identified at TMS Anomaly 3 remains open both at depth and along strike, supporting further evaluation.

The program forms part of a systematic exploration strategy designed to define the geometry, extent, and structural controls of gold mineralisation previously identified through surface geochemistry and earlier drilling, ahead of deeper drilling campaigns.

The Phase 2 program was focused on advancing the understanding of mineralisation associated with TMS Anomaly 3 and assessing its continuity along strike and at shallow depth.

Haranga’s Managing Director, Peter Batten, stated that the company is preparing for the next phase of drilling, which is planned to target deeper mineralisation beneath the high-grade zones identified during Phase 1, while also undertaking first-pass drill testing of the Priority 1 and Priority 2 termite mound geochemical anomalies that have not yet been drilled.

Phase 2 Drilling Outcomes

The Phase 2 AC Drilling returned multiple wide and continuous gold intercepts above 0.3g/t Au based on 4m composite samples. Reported intercepts include:

• 25-IBS-AC-063: 16m @ 1.08g/t Au from 4m
• Including 4m @ 1.40g/t Au from 12m
• And 8m @ 0.43g/t Au from 32m
• Hole ended in mineralisation
• 25-IBS-AC-062: 24m @ 0.88g/t Au from 32m
• Including 12m @ 1.34g/t Au from 32m
• 25-IBS-AC-095: 8m @ 0.58g/t Au from 16m
• 25-IBS-AC-095: 8m @ 0.49g/t Au from 20m
• And 4m @ 0.32g/t Au from 40m
• 25-IBS-AC-105: 18m @ 0.43g/t Au from 8m
• Including 6m @ 0.53g/t Au from 20m
• Hole ended in mineralisation

Geological Interpretation and Structural Controls

A review of drill data to date has indicated flexures within the mineralised trend, suggesting possible cross-faulting. This interpretation is expected to inform future drill targeting for potential higher-grade zones within TMS Anomaly 3.

To date, approximately 800m of strike length has been tested within a broader gold anomalous corridor extending around 5km, at depths of approximately 25m to 85m. Several drillholes ending in mineralised altered greywacke have highlighted the need for deeper drilling to better define mineralisation geometry, grade distribution, and structural controls in fresh rock.

Planned Work and Next Steps

Haranga is finalising geological relogging and integrating assay results with lithological and structural interpretations to refine the geological model at Ibel South. Planning is underway for a third phase of drilling to test undrilled surface geochemical anomalies to the northwest of the current drilling area, covering Priority 1 and Priority 2 TMS anomalies.

Subject to administrative and regulatory approvals, Haranga plans to commence further follow-up drilling in Q1 CY2026, including deeper drilling to test priority TMS anomalies, potential cross-fault sites, and extensions of mineralisation identified through the Phase 1 and Phase 2 aircore programs.

Haranga shares traded at AUD 0.185 at the time of writing on 12 January 2026.