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Highlights
- Haranga shares have gained ~350% in the past year amid active project development.
- Underground diamond drilling has commenced at the Lincoln Gold Project.
- Lincoln drilling targets JORC resource conversion by January 2026.
- Phase 2 aircore drilling completed at the Ibel South Gold Project.
- The company’s Saraya Uranium Project hosts defined Indicated and Inferred resources.
Haranga Resources Limited (ASX:HAR) (FRA:65E0), a gold exploration and development company, has recorded a share price increase of approximately 350% over the past 12 months, as of 22 December 2025. The company is progressing multiple exploration and development activities across its gold and uranium asset portfolio, with current work programs focused on resource definition drilling at the Lincoln Gold Project in California and ongoing exploration at the Ibel South Gold Project in Senegal.
Underground Diamond Drilling Begins at Lincoln Gold Project
In July, Haranga announced finalising the acquisition of the Lincoln Gold Project, an advanced, high-grade gold project located within California’s Mother Lode Gold Belt. The project benefits from existing infrastructure and is fully permitted for mining.
The company has commenced an underground diamond drilling program at Lincoln earlier this month, representing the first diamond drilling at the project in approximately 12 years. The program is expected to deliver the first oriented drill core for the mineral resource.
The Lincoln drilling program has two primary objectives:
- The first is to convert the existing NI 43-101 mineral resource estimate of 958,910 tonnes at 9.29 g/t gold, containing approximately 286,000 ounces of gold at a 4.2 g/t cut-off, into a JORC-compliant resource. This conversion is targeted for January 2026.
- The second objective is to test for potential repetitions of mineralisation at depth beneath the current non-compliant resource. The project remains open at depth, consistent with geological characteristics observed across the Mother Lode district, where ore bodies are known to repeat below existing workings.
Senegal: Ibel South Gold Project Drilling
In Senegal, Haranga holds the Ibel South Gold Project within the Kéniéba Inlier. The company has completed its Phase 2 aircore drilling campaign, with drilling undertaken during November 2025.
The program comprised 3,197 metres of drilling across 65 holes, with hole depths ranging from 24 metres to 88 metres. Drilling was conducted across multiple lines, with some sections only partially completed due to swampy terrain near surface.
Ibel South Program Objectives and Next Steps
Additional Asset: Saraya Uranium Project
Haranga also holds the Saraya Uranium Project in Senegal, previously owned by Orano. The project includes more than 65,000 metres of historical drilling and a defined mineral resource of 14.5 million tonnes at 550 ppm eU₃O₈, containing 17.6 million pounds of eU₃O₈ in the Indicated and Inferred categories.
With multiple drilling programs underway and clear near-term milestones ahead, Haranga Resources continues to build momentum across its gold and uranium portfolio. The commencement of underground diamond drilling at Lincoln, progress at Ibel South, and the scale of the Saraya Uranium resource position the company for ongoing news flow into 2026, as it works toward resource conversion, exploration upside, and further value creation.
