Haranga’s (ASX:HAR) Saraya project picking up with impressive uranium potential

January 18, 2023 01:22 PM AEDT | By Team Kalkine Media
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp


  • The World Nuclear Association says that uranium has come to the forefront as one of the critical energy minerals in the last six decades. 
  • It further says that U3O8is the most common uranium product from mines and has ~85% uranium. 
  • Haranga Resources Ltd (ASX:HAR) seems to be making serious strides with regard to U3O8. Read on to learn how.

For most of its part, uranium is used for electricity generation. However, a small proportion is used for the significant task of medical isotope production and marine propulsion. The World Nuclear Association asserts that, in some ways, searching for uranium is easier than for other minerals. This is because the radiation signature of uranium's decay products allows the identification and mapping of deposits right up from the air.

It further adds that U3O8 is the most common uranium product from mines. Keeping this in mind, Haranga Resources Ltd (ASX:HAR) seems to be gaining ground in terms of its uranium endeavours. After all, the company has defined a significant Uranium Exploration Target of 5 to 20 MT at a grade range of 350 to 750 ppm eU3O8 (4-35 Mlb contained eU3O8), over only 0.2km2 of its 1,650km2 permit at its Saraya uranium project.

Saraya uranium project – what you want to know

Saraya, which is housed in the southeast of Senegal, enjoys distinction of being considered an advanced-stage exploration project.

The Saraya project has undergone substantial historical drilling per the company (~61,500m). HAR says there exists many other untested uranium anomalies within the project area to be tested.

Saraya project location (Source: Company website)

Review of historical uranium intersections

Refer to the following image for some significant uranium intercepts intersected in historical drilling at the project:

Historical uranium intersections from historical drilling (image: Company website; © 2022 Kalkine Media®)

Upon reviewing the historical uranium results of drilling and exploration, HAR has pinned further hopes on the uranium prospectivity of the project.

Significant Uranium Exploration Target of 5 to 20 MT at a grade range of 350 to 750 ppm eU3O8 (4-35 Mlb contained eU3O8) has been defined at the Saraya project. Notably, this exploration target only covers 0.2km2 of its 1,650km2 permit, paving the way for significant additional discovery potential.

What Haranga is up to regarding uranium exploration at Saraya project

Currently, a two-stage, 3,200m maiden diamond drilling campaign is in progress at the advanced Saraya uranium prospect, which includes ~61,500m of historical drilling as well.  

Data source: HAR update

The company has wrapped up drilling in the southern and northern part of the prospect, covering 16 holes for 1,920m. So far, the company has hit potential mineralisation zones in all holes drilled and logged. These mineralisation zones correlate well with known historical mineralisation. Assays results are awaited.

Meanwhile, the company has shared results from the down-hole geophysical surveys for processing to determine the eU3O8 content.

Upon obtaining all the assays, the company would target the conversion of the exploration target to a maiden Mineral Resource during the first quarter of 2023. 

Flexible drilling program for possible expansion: The company says it’s exercising flexibility in the drilling campaign in order to extend the drill program beyond the planned 3,200m. This will enable the company to build upon the mineralisation known thus far at the Saraya prospect while testing any new targets identified.

Know more  

HAR shares last traded at AU$0.12 on 13 January 2023.






The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Two ASX Listed Stocks Giving Bullish Indications

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.