High-Grade Gold Confirmed at Haranga’s (ASX:HAR) Ibel South Project, Exploration to Accelerate in Next Quarter

Highlights

• HAR reported 1m assay results confirming and enhancing previously reported high-grade shallow gold mineralisation at the Ibel South Project, Senegal.
• Highest reported grades over 1m include 32.09 g/t Au and 28.93 g/t Au.
• The mineralised corridor remains open in all direction and at depth.
• Haranga plans a 3,000m second-phase aircore drilling program after the rainy season, pending community approvals.

Haranga Resources Limited (ASX:HAR) (FRA:65E0) has reported encouraging assay results from individual 1 metre samples taken during recent aircore drilling at the Ibel South Gold Project in southeastern Senegal. The assays have confirmed and enhanced the high-grade and shallow gold mineralisation initially reported from 4 metre composite samples released in September 2025.

The samples were taken from all intervals that returned composite grades above 0.4 g/t Au.

High-Grade Intervals Confirm Shallow Gold Potential

Key drill results include:

• Hole 25-IBS-AC-008: 20m @ 6.0 g/t Au from 12m, including 4m @ 14.1 g/t Au
• Hole 25-IBS-AC-016: 12m @ 6.12 g/t Au from 42m, including 7m @ 10.05 g/t Au – hole ended in mineralisation
• Hole 25-IBS-AC-017: 7m @ 9.06 g/t Au from 7m
• Hole 25-IBS-AC-007: 5m @ 4.7 g/t Au from 5m, including 3m @ 7.8 g/t Au
• Hole 25-IBS-AC-010: 5m @ 2.16 g/t Au from 26m, including 2m @ 4.23 g/t Au
• Hole 25-IBS-AC-011: 2m @ 5.45 g/t Au from 17m, as well as 2m @ 1.72 g/t Au from 29m
• Hole 25-IBS-AC-018: 7m @ 0.98 g/t Au from 8m, including 2m @ 2.04 g/t Au, as well as 5m @ 1.93 g/t Au from 28m
• Hole 25-IBS-AC-034: 9m @ 0.76 g/t Au from 28m, including 3m @ 1.14 g/t Au
• Hole 25-IBS-AC-005: 20m @ 0.71 g/t Au from 32m, including 7m @ 1.51 g/t Au
• Hole 25-IBS-AC-006: 16m @ 0.47 g/t Au from 12m, including 7m @ 0.78 g/t Au
• Highest grades over 1m include Hole 25-IBS-AC-033 with 1m @ 28.93 g/t Au from 23m, and hole 25-IBS-AC-017 with 1m @ 32.09 g/t Au from 9m

These results enhance understanding of the mineralised intercepts, illustrate grade variability and define the potential ranges. The notable intercepts identified from composite samples were validated with matching or improved continuity and tenor in the individual 1m assays.

The 1m assay data show significant correlation with the composite results while revealing zones of high-grade mineralisation, notably in holes AC007, AC008, AC010, and AC016. These results confirm the prospectivity of the mineralised corridor and support further exploration of high-grade shoots along strike and at depth. The mineralised zone remains open in all directions, including at depth, as evidenced by hole AC-016 which ended in mineralisation.

Managing Director, Peter Batten commented “The single metre results refine the intercepts and confirm the shallow and high-grade nature of this mineralisation. Mineralisation remains open in all directions and further high priority targets are yet to be drill tested, following inability to access these target areas on the previous drill campaign. With the rainy season nearing an end, the Company will have the opportunity to undertake an expanded 3,000m drill program to test these other target areas, as well as look to further test the known mineralisation extents from the initial program.”

Next Phase of Drilling

Haranga has integrated the composite and 1m assay results into its exploration database. Planning is underway for a second phase of aircore drilling, approximately 3,000m, to be conducted after the rainy season ends in late October and once community authorisations are secured.

Drilling across lateritic plateau tops is planned, where surface sampling is ineffective and drilling remains the most reliable method to identify blind mineralisation at the Ibel South Gold Project.

HAR Shares Rally

HAR shares were trading 11.54% higher at AUD 0.145 per share at the time of writing on 8 October 2025.