Haranga Resources (ASX:HAR) Finalises Lincoln Gold Project Acquisition; Drilling Starts September

July 30, 2025 11:30 AM AEST | By Sonal Goyal

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Highlights

Haranga Resources has completed the acquisition of the Lincoln Gold Project following due diligence.

The maiden drilling program is set to begin by mid-September.

The company aims to deliver a JORC-compliant mineral resource estimate by the year end.

The Lincoln Project currently hosts a historical NI 43-101 resource of 286,000 oz at 9.3 g/t gold.

Assay results from the 2,000m maiden drilling program at the Ibel South Project are expected in August 2025.

ASX-listed Haranga Resources Limited (ASX:HAR) has confirmed the completion of its acquisition of the Lincoln Gold Project, following technical, legal, and financial due diligence. All related agreements have now been executed, and the company will now proceed with the issue of consideration shares tied to the transaction.

Maiden Drilling Program Set for Mid-September

The company is moving ahead with preparations for its maiden drilling campaign at the Lincoln Gold Project, following the receipt of sampling results.

The sampling results included highlight intercepts of 3.7 metres at 108 g/t gold from 24.1 metres in hole DDH-0195, including a peak value of 0.91 metres at 304.5 g/t gold from 26.88 metres. These results were obtained as part of the project’s technical due diligence from selected historical drill core and pulps.

The maiden drilling campaign is scheduled to commence in mid-September, subject to the completion of necessary site works.

The confirmation of historical results and the planned maiden drill campaign pave the way for the company’s first JORC-compliant mineral resource estimate, targeted for completion before the end of 2025. The project currently hosts a historic NI 43-101 (non-JORC) resource reported in 2015, totalling 286,000 ounces at 9.3 g/t gold across indicated and inferred categories.

Progress at Ibel South Gold Project

In parallel, the company is progressing exploration at its Ibel South Gold Project, where a 2,000m maiden drill program was completed earlier this month, with assays expected in August 2025.

HAR shares trade higher

HAR shares were trading 7.32% higher at AUD 0.088 per share at the time of writing on 30 July 2025.

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