Annuncio • Apr 08
Haranga Resources Limited, Annual General Meeting, May 28, 2026 Haranga Resources Limited, Annual General Meeting, May 28, 2026. New Risk • Nov 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 24% per year over the past 5 years. Shareholders have been substantially diluted in the past year (313% increase in shares outstanding). Revenue is less than US$1m (AU$1.8k revenue, or US$1.2k). Minor Risk Market cap is less than US$100m (AU$51.7m market cap, or US$33.7m). Annuncio • Oct 15
Haranga Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 14 million. Haranga Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 14 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 85,714,286
Price\Range: AUD 0.14
Discount Per Security: AUD 0.0084
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,285,714
Price\Range: AUD 0.14
Discount Per Security: AUD 0.0084
Transaction Features: Subsequent Direct Listing Annuncio • Jul 30
Haranga Resources Limited (ASX:HAR) completed the acquisition of Seduli USA LLC from Seduli Holdings (Australia) Ltd. Haranga Resources Limited (ASX:HAR) entered into a binding share sale agreement to acquire Seduli USA LLC from Seduli Holdings (Australia) Ltd. on March 25, 2025. Upon completion of the acquisition, Haranga will issue 40 million Upfront Shares to Seduli, along with 120 million Consideration Performance Rights; comprising: 20 million Class A Consideration Performance Rights, 20 million Class B Consideration Performance Rights, 40 million Class C Consideration Performance Rights and 40 million Class D Consideration Performance Rights, 40 million for a JORC compliant resource of at least 300,000oz Au, and 40 million for a JORC compliant resource of at least 400,000oz Au or a JORC exploration target of 200,000oz to 400,000oz Au. The Consideration Securities will be issued no later than three months after the date of the Meeting or such later date to the extent permitted by any ASX waiver or modification of the Listing Rules and it is intended that all the Consideration Shares will be issued on the same date. The consideration is subject to the following voluntary escrow arrangements: AUD 1.5 million worth of the Consideration Shares will be subject to a six month voluntary escrow period from the date of issue; and the Performance rights will be subject to voluntary escrow as follows: (A) Class A Performance Rights and Class B Performance Rights: 6 months escrow from the date of issue; and (B) Class C Performance Rights and Class D Performance Rights: 4 months escrow from the date of issue of the “Conversion Shares”. Additionally, Haranga will issue AUD 0.965 million in fully paid ordinary shares to existing debt holders of Seduli to settle debts and AUD 10 million shares to the parties whom introduced the transaction. As of July 7, 2025, results from its technical due diligence has only been recently received.
The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer shareholders, approval of offer by target shareholders and consummation of due diligence investigation. As of July 7, 2025, the transaction is expected to be finalized by end of this week. As of July 11, 2025, completion has been delayed pending final execution of certain administrative documents, including deeds of assignment and assumption from third parties. These are well advanced, and completion is expected to occur next week. As of July 17, 2025, the acquisition is near finalisation, with only third-party deeds of assignment and assumption awaiting finalisation and signature.
and assumption awaiting finalisation and signature.
Haranga Resources Limited (ASX:HAR) completed the acquisition of Seduli USA LLC from Seduli Holdings (Australia) Ltd. on July 30, 2025. Board Change • Jul 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Michael Davy was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jun 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 38% per year over the past 5 years. Shareholders have been substantially diluted in the past year (140% increase in shares outstanding). Revenue is less than US$1m (AU$6.6k revenue, or US$4.3k). Market cap is less than US$10m (AU$14.4m market cap, or US$9.33m). Annuncio • Jun 19
Haranga Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 5.28 million. Haranga Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 5.28 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 22,819,844
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 82,780,157
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Transaction Features: Subsequent Direct Listing New Risk • Jun 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 120% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 38% per year over the past 5 years. Shareholders have been substantially diluted in the past year (120% increase in shares outstanding). Revenue is less than US$1m (AU$6.6k revenue, or US$4.3k). Market cap is less than US$10m (AU$10.6m market cap, or US$6.87m). Minor Risk Share price has been volatile over the past 3 months (17% average weekly change). New Risk • Apr 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 38% per year over the past 5 years. Revenue is less than US$1m (AU$6.6k revenue, or US$4.2k). Market cap is less than US$10m (AU$5.82m market cap, or US$3.74m). Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding). Annuncio • Apr 15
Haranga Resources Limited, Annual General Meeting, May 30, 2025 Haranga Resources Limited, Annual General Meeting, May 30, 2025. Annuncio • Mar 27
Haranga Resources Limited (ASX:HAR) agreed to acquire Seduli USA LLC from Seduli Holdings (Australia) Ltd. for $1.4 million. Haranga Resources Limited (ASX:HAR) agreed to acquire Seduli USA LLC from Seduli Holdings (Australia) Ltd. for approximately $6.6 million on March 25, 2025. Upon completion of the Acquisition, Haranga will issue $40 million Upfront Shares to Seduli, along with $120 million Performance Rights contingent on milestones: $20 million for sample re-assaying, $20 million for drilling commencement, $40 million for a JORC compliant resource of at least 300,000oz Au, and $40 million for a JORC compliant resource of at least 400,000oz Au or a JORC exploration target of 200,000oz to 400,000oz Au. Additionally, Haranga will issue $965,000 in fully paid ordinary shares to existing debt holders of Seduli to settle debts and $10 million shares to the parties whom introduced the transaction.
The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer shareholders, approval of offer by target shareholders and consummation of due diligence investigation. New Risk • May 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.0m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 62% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$10.7m market cap, or US$7.16m). Minor Risk Shareholders have been diluted in the past year (49% increase in shares outstanding). Annuncio • Mar 26
Haranga Resources Limited, Annual General Meeting, May 16, 2024 Haranga Resources Limited, Annual General Meeting, May 16, 2024. New Risk • Feb 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.2m (US$9.86m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.8m free cash flow). Earnings have declined by 73% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$15.2m market cap, or US$9.86m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (49% increase in shares outstanding). Annuncio • Nov 06
Haranga Resources Limited, Annual General Meeting, Dec 06, 2023 Haranga Resources Limited, Annual General Meeting, Dec 06, 2023, at 15:00 W. Australia Standard Time. Location: 108 Outram Street, West Perth, 6005 West Perth Western Australia Australia Agenda: To ratification of prior issue of tranche 1 placement shares; to approval to issue tranche 2 placement shares ; to approval to issue consideration shares; to approval to issue lead manager options; to approval to issue performance rights to managing director-Mr. Peter Batten; to approval to issue placement shares to directors-Mr. Peter Batten and Dr. Hendrik Schloeman; to consider other matters if any. New Risk • Oct 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.8m free cash flow). Shares are highly illiquid. Earnings have declined by 73% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$12.8m market cap, or US$8.16m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). Annuncio • Sep 06
Haranga Resources Limited Appoints Peter Batten as Managing Director Haranga Resources Limited announce the appointment of Mr. Peter Batten as Managing Director, effective immediately. Mr. Batten, (BAppSc (Geol), MAusIMM) has over 30 years of international and Australian exploration, operational and technical experience across a range of roles. Mr. Batten most recently worked as Managing Director at silica sand focused Carbine Resources Ltd. and non-Executive Director at energy metal focussed Tambourah Metals. Although qualified as a geologist Mr. Batten has a range of relevant resource experience, including: At Bannerman Resources, Mr. Batten applied for the licences for the company, in Namibia, that became the focus during the 2006 to 2008 uranium boom. During his tenure as Managing Director, he then ensured the granting of the key tenements and commenced the good relationship between the company and government that exists to date. Prior to Mr. Batten leaving Bannerman the company had defined over 100Mlbs of U3O8 in resources, commenced the feasibility studies, helped establish the Namibian nuclear material stewardship as a founding member and worked with the local communities to establish business opportunities. At White Canyon Uranium Ltd. Mr. Batten negotiated a toll milling and sale agreement for the Company's Utah production with Canada's Denison Mines. White Canyon was the first company to be granted a new mining licence for uranium in Utah in 30 years. At the time White Canyon was the only junior ASX listed uranium company in production. The Denison agreement led to the eventual takeover of White Canyon by Denison in February 2011. At Kalia Ltd, as Technical Director, Mr. Batten successfully applied for two exploration licences in the north of Bougainville Island in the Autonomous Region of Bougainville, Papua New Guinea. These licences were the first issued under the region's new mining laws and resulted in the first exploration activity since the cessation of business in 1989. Kalia completed a heliborne magnetic survey and several programmes highlighting gold and copper mineralisation from epithermal geology. More recently, at Carbine Resources Limited, Mr. Batten completed a maiden Mineral Resource Estimate at the company's priority Muchea West silica sand project, 40 kilometres north of Perth WA. Following the completion of a Scoping Study Carbine applied for a Mining Licence at Muchea. The company also secured a secondary project, the Down South Silica Sand project, at Bunbury Western Australia. Board Change • Sep 05
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Hendrik Schloemann is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Annuncio • Feb 07
Haranga Resources Limited Announces Results for the First Part of Its Permit-Wide Regional Termite Mound Sampling Programme, Covering Mostly the Northern Portion of Its Saraya Permit in Eastern Senegal Haranga Resources Limited announced results for the first part of its permit-wide regional termite mound sampling programme, covering mostly the northern portion of its Saraya permit in eastern Senegal. XRF analysis was performed on 5,054 termite mound samples covering 520 km2 or 32% of the total permit area (1,650 km2). These results were integrated with the results of a historical termite moundsampling programme conducted during 2012 by Prospectiunii and comprising 5,843 samples. The resulting sampling density was either 500m x 100m where historical results were available or 1,000m x 100m where such results were not available. The lower limit of detection was 7 ppm uranium, with 4,866 samples (96.3%) reporting below the detection limit and 188 samples (3.7%) reporting above the detection limit. All samples reporting above the detection limit of 7 ppm were considered anomalous. The programme yielded seven large uranium anomalies comprising 140 samples with uranium concentrations ranging between 7 ppm and 17 ppm. In addition, the programme returned numerous smaller anomalies containing up to 15 ppm uranium. The sampled portion of the permit area also contained the previously known Saraya uranium prospect where the Company recently defined a JORC compliant exploration target1 of 5 to 20 million tonnes (4-35 Mlb contained eU3O8) at a grade range of 350 to 750 ppm eU3O8, and where drill results are presently pending. Highlights: First results of a regional permit-wide termite mound sampling programme reveal numerous uranium anomalies extending over 25km in the northern portion of the Saraya permit. Termite mound sampling technique was initially verified by testing the process over the Saraya uranium prospect, where in excess of 65,000m of historical drilling was completed. Anomalous uranium values range between 7 ppm and 17 ppm in 188 samples, defining large areas for infill sampling and potential drilling. Discovered uranium anomalies are of the same tenor as the anomaly across the known Saraya uranium prospect, where the company recently defined an exploration target 1 of 5 to 20 million tonnes (4-35 Mlb contained eU3O8) at a grade range of 350 to 750 ppm eU3O8, and where drill results for a recently completed 22 holes diamond drilling programme are pending. The potential quantity and grade of the Exploration Target is conceptual in nature and there has been insufficient exploration to estimate a Mineral Resource. It is uncertain if further exploration will result in the estimation of a Mineral Resource - Historical drilling by Areva at the Diobi prospect in 2010, located 5km NNE of the Saraya prospect, intersected uranium mineralisation further validating the uranium anomalies: 11.1m at 610 ppm eU3O8, 7.6m at 1,002 ppm eU3O8 and 6.4m at 427 ppm eU3O8. Further results from the regional permit-wide termite mound sampling program expected, with additional infill termite mound sampling and potential drilling planned over new identified uranium anomalies. The nine termite mound samples that were taken across the Saraya uranium prospect returned between 9 ppm and 17 ppm uranium. The size and tenor of the uranium anomaly across the Saraya prospect compares favourably to the recently discovered regional anomalies and further substantiates their prospectivity. Haranga's technical team also assessed the results of holes drilled by Cogema and Areva between the mid1970's and 2009 in the northern portion of the Saraya permit. Historical drilling was aimed at testing various soil-sampled and trenched regional uranium anomalies. Best drill holes and intersects and locate mainly in the Diobi area, located 5km NNE of the Saraya prospect. Drilling in this area intersected up to 11.1m at 610 ppm eU3O8, 7.6m at 1,002 ppm eU3O8 and 6.4m at 427 ppm eU3O8. This area is an additional priority target for infill termite mound sampling. The Company expects further results from the regional termite mound sampling programme in the current quarter. In addition, in-fill termite mound sampling of the anomalous areas on a 250 metre by 50 metre grid will commence in the near term. Board Change • Jan 25
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Hendrik Schloemann is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Annuncio • Dec 14
Haranga Resources Limited Announces Maiden Drill Program At the Saraya Prospect in Senegal is Progressing According to Plan Haranga Resources Limited announced that its maiden drill program at the Saraya Prospect in Senegal is progressing according to plan. The drill program is aimed at: Validating the ~61,500m historical drill database. Validating the geological model used to estimate the recently published exploration target 1 of 5 to 20 MT at a grade range of 350 to 750 ppm eU3O8 (4-35 Mlb contained eU3O8). Finding extensions to the known uranium mineralisation. The potential quantity and grade of the Exploration Target is conceptual in nature and there has been insufficient exploration to estimate a Mineral Resource. It is uncertain if further exploration will result in the estimation of a Mineral Resource. The drilling program at Saraya has now reached 2,000 metres and all planned drill holes in the northern and southern portions of the Saraya Prospect have been completed. All holes drilled by the Company and logged in the current program to date, have intersected potential mineralisation zones that correlate well with known historical mineralisation, however assays are still pending. Results from down-hole geophysical surveys will be sent to Terratec in Germany for processing to determine the eU3O8 content. In addition, selected intervals of half-core drill samples are being cut for dispatch to an accredited international laboratory for uranium analysis, to further calibrate the probes used in the geophysical down-hole surveys. Once all results are received and processed, the Company will release the results and will proceed with building a robust geological domain model that could support a future mineral resource classification in accordance with the JORC Code (2012). The remainder of the drilling campaign will consist of 7 drillholes for 1,050 m and will be completed later this year or early next year, subject to drill rig access. The Company has allowed flexibility in the drilling contract to extend the drill program beyond the planned 3,200 m program, to continue to expand on the known mineralisation at the Saraya prospect and/or to test any new targets identified. The Company is also well advanced with a permit-wide termite mound sampling programme. Haranga's technical team will interpret and infill any delineated uranium anomalies in the large Saraya uranium licence to firm up additional drill targets. An announcement concerning the results of the regional termite mound sampling program is expected shortly. Annuncio • Oct 25
Haranga Resources Limited Announces Drilling Underway At Advanced Saraya Uranium Prospect Haranga Resources Limited announced that it's maiden 3,200m diamond drilling program is underway at the Saraya Project in Senegal. Planned Resource Validation Program: Planned drilling aims to validate the geological interpretation and verify historical eU grades. Diamond drilling will also allow sampling for chemical assays to validate the K-factors used in historical resource estimations. While mineralisation appears to be hosted solely in structures within the grey syenite, additional investigation is required to fully understand the geological controls of mineralisation and verify the eU values derived from the probe data. A preliminary model of mineralisation above 300 ppm eU, based on an N130-trending, steeply dipping indicator interpolant, was used to propose verification drilling. The program should lead to a more robust understanding of the geological architecture of the Saraya deposit and a validated eU database. Based on the success of the drill validation programme (results expected between November 2022 to January 2023), the Company will proceed with building a robust geological domain model that could support a future mineral resource classification in accordance with the JORC Code (2012) - if successful this is expected to be completed by early April 2023. The validation drill plan consists of 23 drill holes for a total of 3,200 m. The holes have been categorised into two stages: Stage 1 consists of 15 drill holes for 2,000 m and Stage 2 consists of 8 drill holes for 1,200 m. Drill holes in Stage 1 have been designed to twin historical holes, test the 040 geological model and test areas with an oblique or perpendicular mineralisation orientation. The drilling programme will also form part of the Environmental Baseline Study which has been developed. This is expected to be completed by December 2022. Drill holes in Stage 2 have been designed to further develop the geological model by targeting deeper mineralisation and additional untested areas with unconstrained orientations. This is expected to be completed by January 2023. Interpretation of regional geophysical data has defined several anomalies within the tenement that provide a potential upside to the Exploration Target (5 to 20 MT at a grade range of 350 to 750 ppm eU3O8 (4-35 Mlb contained eU3O8)), which is defined over only ~0.2km2 (Total permit area 1,650km2) and to a vertical depth of only 200m. The Company is also currently proceeding with a regional permit-wide termite mound sampling programme. Once sampling is completed, the results will be overlain with the regional geophysical data to identify additional drill targets within the Company's large exploration licence. The Company has allowed flexibility in the drilling contract to extend the drill program beyond the planned 3,200 m program, to continue to expand on the known mineralisation at the Saraya prospect and/or to test any new targets identified. Annuncio • Sep 30
Haranga Resources Limited Announces Resource Validation Drilling Update on Saraya Project Haranga Resources Limited announced that Senegalese drilling contractor International Drilling Company (IDC), have mobilised drilling equipment to the Company's exploration camp near the Saraya Prospect. Drilling will commence in mid-October 2022 once the drill rig has undergone routine maintenance and the drill site preparation has been completed. The twenty-three hole drill programme has been designed by mineral resource consultants RSC of Australia, to test the validity of the Exploration Target of 5 to 20 million tonnes at a grade range of 350 to 750 ppm eU3O8 (4-35 Mlb contained Eu3o8), announced on 5 September 2022. Resource Validation Program: Planned drilling aims to validate the geological interpretation and verify historical eU grades. Diamond drilling will also allow sampling for chemical assays to validate the K-factors used in historical resource estimations. The program should lead to a more robust understanding of the geological architecture of the Saraya deposit and a validated eU database. Based on the success of the drill validation programme, the Company will proceed with building a robust geological domain model that could support a future mineral resource classification in accordance with the JORC Code (2012). The validation drill plan consists of 23 drill holes for a total of 3,200 m. The holes have been categorised into two stages: Stage 1 consists of 15 drill holes for 2,000 m and Stage 2 consists of 8 drill holes for 1,200 m. Drill holes in Stage 1 have been designed to twin historical holes, test the 040 geological model and test areas with an oblique or perpendicular mineralisation orientation. The drilling programme will also form part of the Environmental Baseline Study which has been developed. Drill holes in Stage 2 have been designed to further develop the geological model by targeting deeper mineralisation and additional untested areas with unconstrained orientations. The Company has allowed flexibility in the drilling contract to extend the drill program beyond the planned 3,200 m program, to continue to expand on the known mineralisation at the Saraya prospect and/or to test any new targets identified. Annuncio • Sep 07
Haranga Resources Limited Announces Significant Uranium Exploration Target Defined At Saraya Haranga Resources Limited has defined an Exploration Target at the Saraya project in accordance with the JORC Code (2012) of 5 to 20 million tonnes at a grade range of 350 to 750 ppm eU3O8 (4-35 Mlb contained eU3O8) over the Saraya prospect (Table 1). The target has been established following the previously announced review of historical uranium Exploration Results by independent resource development consultants, RSC. The potential quantity and grade of the Exploration Target is conceptual in nature and there has been insufficient exploration to estimate a Mineral Resource. It is uncertain if further exploration will result in the estimation of a Mineral Resource. A total of 23 diamond drillholes for 3,200 m have been planned to test the validity of the Exploration Target. The drilling has been designed to test six areas over two stages and is expected to commence in September 2022. The Company expects the programme to be completed by January 2023. As with many uranium exploration projects, the equivalent uranium (eU) grades recorded at Saraya were derived from measurements of counts per second (CPS) recorded by down-hole radiometric probes, after the application of correcting factors. Planned drilling aims to validate the geological interpretation and verify eU grades. Diamond drilling will also allow sampling for chemical assays to validate the K-factors used to convert the CPS values into eU grades. The proposed drilling should lead to a more robust understanding of the geological architecture of the Saraya deposit and a validated eU database. Based on the success of the upcoming drill validation programme, the Company will proceed with building a robust geological domain model that could support possible future mineral resource classification in accordance with the JORC Code (2012). Exploration Targeting: Episyenites at the Saraya prospect were first recognised for their potential uranium prospectivity in the late 1950s and have been the subject of several exploration campaigns since, including two substantial drilling programmes and various geophysical surveys. As reported by the Company on 8 August 20221, a total of 514 historical holes, totaling 61,437 m, have been drilled at the Saraya prospect, and numerous holes at additional deposits within the Company's tenement. The extensive historical drilling database formed the basis of preliminary modelling undertaken to establish a uranium Exploration Target at Saraya. Annuncio • Aug 31
Haranga Resources Limited Provides Information on Granted Gold Permit At Ibel South in Senegal, West Africa Haranga Resource Limited to provide information on the granted gold permit at Ibel South in Senegal, West Africa. The permit area covers 182.25 Km2 and lies approximately 80 kilometres to the south-west of the Sabodala-Massawa gold mine, which contains 8.72Mozs (including 0.72Moz Measured, 6.2Moz Indicated and 1.8Moz Inferred). The permit area also lies within 65 kilometres of the Company's Saraya Uranium Project. This will enable exploration to be serviced from the recently acquired 40-man camp near the town of Saraya. Ibel South is located at the southern end of the gold prospective Main Transcurrent Shear Zone, which also hosts the Sabodala and Massawa gold mines 80km to the north-east. The permit is associated with a N25°E and N70°E orientated shear system, a feature typical of gold mineralisation in the Kenieba Inlier of Birimian Formation. The sheared zone is ideally located at the contact between a competent granite and a highly deformed greenstone formation, thus creating a rheological competency contrast, often associated with gold mineralisation. Annuncio • Aug 08
Haranga Resources Announces Significant Historical Drill Results At Saraya Haranga Resources Limited announced that a technical review of historical exploration results has highlighted the strong uranium prospectivity at the Saraya Project in Senegal. As announced on 19 April 2022, Haranga secured access to records of historical exploration at Saraya from the `70s and `80s and from 20082010. This included numerous reports and a drilling database of 514 drillholes. As with most uranium deposits, the equivalent uranium (eU) grades recorded at Saraya are derived from measurements of counts per second (CPS) recorded by down-hole radiometric probes, after the application of correcting factors. The review by independent resource development consultants, RSC, included validating the drillhole database against the original drill logs and establishing a preliminary model of mineralisation to propose efficient verification drilling. RSC concluded that the data is suitable for exploration targeting and support the prospectivity of the project. RSC noted that if the data is to be considered for future resource classification in accordance with the JORC Code (2012), verification drilling will be required to validate the survey and eU values derived from the probe data. A total of 23 diamond drillholes for 3,200 m has been planned across six areas to validate geological interpretations and eU grades from the historical drillholes. The proposed drilling will use a probe similar to the one used historically to enable comparisons between the datasets. Diamond drilling will also allow sampling for chemical assays to validate the K-factors used to convert the CPS values into eU grades. The proposed drilling should lead to a more robust understanding of the geological architecture of the Saraya deposit and a validated eU database that could support possible future mineral resource classification in accordance with the JORC Code (2012). Annuncio • Jul 29
Haranga Resources Limited Provides Saraya Project Update Haranga Resources Limited provided an update on the Company's proposed commencement of its inaugural drilling program, at its Saraya Uranium Project in Senegal. Drill update: Following a detailed review by the Company's consultants RSC, which included a review of historical drilling, a drill program designed for 23 drill holes for a total of 3,200m was proposed, aimed at validating the historical database, with twin drilling and designed to further extend the extent of the known mineralisation and geological model through deeper and extensional drilling. The Company is currently preparing a release for the coming weeks detailing the findings of RSC's historical data review. Regional sampling: The Company previously announced the results of an orientation termite mound sampling program conducted over the portion of the permit (0.5 sqkm) where known uranium mineralisation exists in the underlying bedrock and where historically 61,437m of drilling was undertaken. The results were used to optimise the sampling method applied to ongoing permit wide (1,650 sqkm) termite mound sampling program and will assist in identifying similar buried uranium mineralisation elsewhere in the permit area. The regional termite mound sampling program is progressing as planned and is expected to generate around 16,000 samples. The results of this program together with the large previously identified radiometric anomalies will be interpreted to define additional drill targets. Legislation update: The International Atomic Energy Agency has reinforced its cooperation with Senegal, through revision of the laws to strengthen the supervision of any activities requiring or implicating radioactive substances with the local government agency, the ARSN (Authority for Radiation Protection and Nuclear Safety). This reinforced cooperation resulted in a new batch of laws that have been voted end of 2021, signed early 2022 and were due for application since the 1st of July, 2022. These changes do implicate exploration companies dealing with Uranium, in the sense that such companies now need a certification from the ARSN to be able to operate in the field. Such certification implies the realisation of a radiological baseline study over the exploration prospects with known mineralisation. The aim of the baseline study is to protect workers, local farmers and inhabitants as well as exploration companies. The process implicates experts from the ARSN in conjunction with Haranga's technical team into sampling soil, plants, water boreholes and carrying out drilling to determine present background levels of radioactivity in the environment and to establish safe work protocols. The Company's proposed baseline study, which incorporates it's drill program has been submitted to the ARSN following the application of this law and is currently awaiting certification from the ARSN. The Company is in constant dialogue with the ARSN and anticipates certification to be received in the coming weeks, following which the Company will be in a position to drill in September this year. Annuncio • May 18
Haranga Resources Limited Announces Signing of Drill Rig Contract for its Maiden 2,000M Diamond Drilling Program at the Saraya Uranium Project in Senegal Haranga Resources Limited ("Haranga" or "the Company") announced the signing of a drill rig contract for its maiden 2,000m Diamond Drilling ("DD") program at the Saraya Uranium Project in Senegal. The initial drilling program will be focused on an area of the permit where approximately 70,000m of historical drilling has been undertaken and as announced on 19 April 2022 over which the Company has secured the entire historical database. Importantly, the database includes results of historical drilling, as well as historical prospects and resource estimations, which will form the basis of ongoing exploration. The drill program will be aimed at defining an initial JORC compliant mineral resource. Concurrently with the drill program, the Company has already initiated a permit wide termite mound soil sampling program across all the known untested radiometric anomalies, with the aim to define additional drill targets for follow-up drilling. As announced by the Company on the 16 February 2022, orientation termite mound sampling was progressed over the area of historical drilling to determine the effectiveness of this sampling method in identifying a specific geochemical signature, which would be useful for identifying further uranium targets. On receipt of results from this sampling program as announced on the 25 March 2022, the Company confirmed that the cost-effective surface sampling of the termite mounds can detect uranium mineralisation in the bedrock below the thick saprolite cover. The Company has the option to extend the drill campaign to a second phase program aimed at testing potential strike and depth extensions, as well as new targets defined from the Company's permit wide termite mound soil sampling program. This could be initiated, with the objective of expanding the phase one program aimed at defining an initial JORC compliant mineral resource. The Company is also pleased to update shareholders on its preparations ahead of drilling at the recently acquired mining camp. Power to the camp has now been established and a sample preparation lab has been setup, which will allow the Company to prepare core for assaying and to perform in-house XRF analysis on a range of sample types. Final supplies for commencement of the drill program are awaiting delivery, following which the Company will be ready to commence drilling. The Saraya uranium project is located in Eastern Senegal and covers an area of 2,200 km2 centered over the Saraya Granite. The Saraya Uranium prospect was first discovered when previous explorers targeted numerous radiometric anomalies with follow-up exploration and drilling during the 1970's and 1980's. Exploration efforts mainly focussed on the accessible Saraya Uranium prospect. Exploration at Saraya ceased when previous explorers shifted their focus to Niger where major uranium discoveries were being made at the time. A renewed phase of exploration commenced during 2009 and ended in 2010, due to a downturn in uranium prices. Haranga's technical team reviewed all available data and concluded that the Saraya Project area still holds substantial exploration potential, regionally and in the direct vicinity of the known Saraya uranium prospect. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Nominee Non-Executive Chairman Michael Davy was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Apr 19
Haranga Resources Limited Announces Substantial Drilling Database Secured for Uranium Project Haranga Resources Limited announced that it has secured a substantial database of historical exploration and drilling data over the SarayaUranium project in Senegal. Access to this data will enable Haranga to accelerate its current exploration activities over the Saraya project and will likely lead to verification drilling in early June. The database includes results from previous drilling and soil geochemistry exploration programs, which were conducted over the Saraya Uranium project by previous explorers, and will provide invaluable insights into the uranium mineralisation at Saraya. Importantly, the database includes results for approximately 70,000m of drilling, as well as historical prospects and resource estimations, which will form the basis of ongoing exploration. The Company's technical team and consultants will now aim to model the Uranium mineralisation, as well as define potential strike and depth extensions of the known mineralisation. This will be followed by the Company undertaking a drilling program of approximately 2,000 metres commencing in early June. Annuncio • Apr 12
Haranga Resources Limited Announces Executive Changes Haranga Resource Limited announced the appointment of Mr. Michael Davy as nominee Non-Executive Chairman and Mrs. Kyla Garic as Company Secretary, following the resignation of Mr. Peter Youd and Ms Nerida Schmidt. Michael Davy is an Australian executive and Accountant with over 18 years'experience across a range of industries. Michael previously held a senior management role in Australia for Songa Offshore, where he assisted with the start-up of the Australian operations and managed the finance team for a two-rig operation with multi-hundred million dollar revenues. Kyla Garic is a Chartered Accountant and Director/Proprietor of Onyx Corporate Pty Ltd. (Onyx). Onyx services include providing Financial Reporting and Disclosure, Corporate Compliance and Governance exclusively to ASX Listed Public Company's or those in progress to list. Mr. Peter Youd and Ms Nerida Schmidt have resigned as Executive Director and Company Secretary respectively. Annuncio • Mar 10
Haranga Resources Limited Receives Assay Results for 4,249 Soil Samples from Its Infill Soil Sampling Program Covering Parts of the Issia-Buyo Permit in Ivory Coast, West Africa Haranga Resource Limited advised it has received assay results for 4,249 soil samples from its infill soil sampling program covering parts of theIssia-Buyo permit in Ivory Coast, West Africa. The soil samples returned significant gold concentrations, clustered over both the Noukpoudousheared corridor and Buyo Lake shear zone. Seventy-eight anomalous values (>30 ppb Au) averaged 228 ppb Au and coincide with a sheared contact between granite and basalt near the Noukpoudou village. An additional cluster of anomalous gold values, averaging 255 ppb Au, is located along the Buyo Lake shear zone directly along strike of the +3.35 Moz 1. Abujar gold deposit 50 km north-east of the Issia-Buyo permit (Figure 1). A total of 8,164 samples have been collected to date at Issia-Buyo, 3,915 on a regional 800m by 100m grid and 4,249 infill samples on a follow-up 150m by 150m grid. The regional grid covers the entire permit area (360km2). The recently completed infill grid (90km2) covers four anomalous goldzones. The infill program was designed to further outline gold anomalies initially detected during the regional program (Figure 2). Reconnaissance field mapping also confirmed the central Noukpoudou shear system, crossing the permit from north-north-east to south-south-west and the existence of alteration and sulphide mineralisation in the sheared basalts. Further work in the Issia-Buyo permit area will consist of further infill soil sampling and will focus on potential extensions of the Buyo Lake and Noukpoudou shear systems. Two historically surveyed gold in soil anomalies will be covered with soil sampling along a 400m by 50m grid. The total number of soil samples to be taken will be in excess of 6,500 (Figure 3). Annuncio • Feb 16
Haranga Resources Limited Provides an Update on Saraya Uranium Project Haranga Resources Limited provided an update on its Saraya Uranium Project in Senegal as the Company progresses its advanced exploration plans. The Company's Senegal-based Chief Operating Officer, Jean Kaisin, recently travelled to the Saraya Project to complete a detailed site orientation ahead of commencing a planned exploration program. A team led by Mr. Kaisin collected 1,366 samples from termite mounds on a 50m x 50m grid during mid-December. Samples have been transferred to an XRF facility in Dakar and results are expected by the end of this month. The work is part of an orientation survey to assess the efficiency of the termite mounds sampling and XRF assaying for uranium mineralisation and associated elements. The mineralised episyenites should yield a specific geochemical signature which will be useful when the survey is expanded to the whole permit. Along with the termite sampling, an air-core drilling program of 2,000m is planned over the same mineralisation to understand the effect of the weathering over the mineralisation and to study geochemistry of the Saraya granite. A general review of satellite data (digital elevation model) and airborne geophysical data (Sysmin 2009 Magnetic and Spectrometry dataset) yielded an advanced geological understanding of the permit, along with assessment of the erosional and depositional regimes of the river system over the full 2,198.3km2 lease. Historical exploration highlighted a series of well-developed uranium anomalies, some of which are rooted in the erosional environment over possible structural corridors, and some over residual or transported plateaus. Based on these results the Company planned permit scale geochemical termite mound sampling, infill auger sampling and orientation air core drilling in order to assess the rooting of selected anomalies. The Saraya Uranium Project was explored historically up until 2010 with approximately 75,000 metres of diamond and reverse circulation (RC) drilling completed and with uranium mineralisation reported. The data indicates the project has good potential to define significant uranium resources by systematic follow-up exploration. Haranga is currently negotiating the acquisition of the historical data and will, if successful, review this data in parallel with the orientation termite mound sampling referred to above, to outline ongoing drill targets. Six major prospects have been drill tested historically and demonstrated the presence of uranium mineralisation. Board Change • Jan 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director John Davis was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director John Davis was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.