Haranga Resources (ASX:HAR) Targets Resource Expansion Across US and Senegal Gold Hubs

Highlights

• Haranga Resources aims to define more than 1Moz of gold at the Lincoln Project while accelerating discovery drilling at Ibel South.
• At Lincoln, a 2,200m diamond drilling program is set to commence after de-watering of the Stringbean Alley Decline.
• The upcoming drilling at Lincoln is focused on JORC resource
• The Ibel South project is located near major regional operations and multi-million-ounce deposits.
• A second-phase 3,000–4,000m AC drilling program is in progress at Ibel South, with assays expected before year-end and follow-up RC and diamond drilling planned for early 2026.

Haranga Resources (ASX:HAR) (FRA:65E0) recently released a corporation presentation outlining accelerating exploration across its two wholly-owned gold projects, the Lincoln Gold Project in the United States and the Ibel South Gold Project in Senegal. Both assets are being positioned for substantial resource growth amid a historic gold boom.

The company is advancing drilling programs across these proven gold systems as it works toward its short-term target of outlining more than 1Moz of gold at Lincoln, while advancing rapid exploration at Ibel South.

Lincoln Gold Project: Drilling Imminent in the Mother Lode Belt

High-Grade Potential and Repeat Structures: Haranga holds 100% ownership of the Lincoln Gold Project, located within the legendary Motherlode Gold Belt. The company plans a 2,200-metre diamond drilling program following the de-watering of the Stringbean Alley Decline.

The current non-compliant resource stands at 958,910 tonnes at 9.29 g/t gold for approximately 286,000 ounces Au at a 4.2 g/t cut-off. The upcoming campaign will target resource conversion to JORC status while assessing opportunities to expand through strike extensions and repetitions at depth.

Repetition at Depth Supports Large-Scale Potential: Mines along strike in the Lincoln Gold region reach more than 2,400m depth, compared with the current ~150m Lincoln-Comet ore zone. Planned drilling will include deeper holes of up to ~350 metres to test for repeated mineralised zones at depth.

The Lincoln-Comet–Keystone trend outlines a continuous mineralised corridor with untested zones, highlighting potential for repetition at depth. Furthermore, mineralisation is open along strike to the north and south, illustrating potential for extension.

Ibel South Project: Drilling Underway

Early Success from Maiden Campaign: Haranga’s 100%-owned Ibel South Project is situated within the Kéniéba Inlier of the Birimian Formation, a region hosting more than 40 million ounces of gold in known resources. The project lies within trucking distance of established operations including Sabodala–Massawa and Mako, and several multi-million-ounce deposits across the Senegal-Mali corridor.

The maiden air-core (AC) drilling program tested only one anomaly cluster identified through termite-mound sampling. Notable intersections from 41 holes, 2,000m AC drilling include:

• 20m at 6.54 g/t gold from 12m, including 4m at 14.64 g/t
• 10m at 6.35 g/t gold from 44m, including 6m at 8.55 g/t
• 4m at 14.83 g/t from 8m
• 4m @ 4.92 g/t Au from 4m
• 8m @ 1.58 g/t Au from 24m

Several anomalies remain untested.

Second Phase Drilling in Progress: A 3,000–4,000-metre AC drilling program is currently underway, with assays expected before year-end. Reverse-circulation and diamond drilling are scheduled for 1QCY26.

Haranga Resources is advancing two strategically located, high-potential gold projects. Imminent drilling at Lincoln is expected to expand and upgrade resources, while early high-grade discoveries at Ibel South highlight momentum across multiple targets. With aggressive exploration underway and assays pending, Haranga aims to build a multi-million-ounce gold company.

HAR shares were trading at AUD 0.145 per share at the time of writing on 27 November 2025.