Haranga Resources Expands Lincoln Gold Project Footprint with 60-Acre Land Purchase

Strategic Land Acquisition Broadens Lincoln Gold Project

Haranga Resources (ASX:HAR) has taken a decisive step to bolster its Lincoln Gold Project by acquiring 60 acres of surface and mineral rights immediately adjacent to its existing holdings in California’s famed Mother Lode region. This marks the first expansion of the project footprint in about 20 years, underpinning Haranga’s ambition to unlock the multi-million ounce potential of this historically prolific gold belt.

The land purchase, executed through Haranga’s subsidiary Seduli Sutter Operations Corp, includes two contiguous properties totaling 60 acres (24.3 hectares) and comes with unencumbered exploration rights at depth. This acquisition improves access for drilling and development activities, particularly around the Lincoln-Comet zone, and offers the flexibility to extend the Stringbean Alley decline northwards towards key deposits such as Medean, South Spring Hill, and Keystone; collectively representing around one million ounces of historical production and part of Haranga’s current exploration targets.

Infrastructure and Tailings Management Advantages

Beyond exploration benefits, the acquisition addresses a critical operational challenge: tailings transport and disposal. Haranga is considering innovative processing designs to classify tailings as benign waste, enabling commercial reuse of filter-pressed dry stack material and the construction of a paste facility to return mined volumes underground where feasible. The new land provides improved options for tailings management, including pipeline slurry transport and dry-stack trucking via private access roads to a proposed Surface Fill Unit.

Previous processing attempts at the project struggled with viable life-of-mine tailings solutions, but owning the adjacent properties removes limitations on access to key roads such as Stringbean Alley and Old Amador Road. This strategic control is expected to streamline mine planning and reduce logistical constraints that hampered earlier operations.

Financial Terms and Growth Strategy

The purchase price is USD 1.55 million, payable in cash with an initial non-refundable deposit of USD 150,000, followed by staged payments over nine months with 8.5% annual interest. Haranga’s chairman Michael Davy highlighted the significance of the deal, noting the Lincoln Gold Project’s maiden JORC resource of approximately 402,000 ounces at 5.1 g/t gold and the potential for mineralisation to extend to depths of up to 2,000 metres.

Davy emphasised Haranga’s commanding position in the Mother Lode, supported by extensive infrastructure, underground decline access, and key permits including a Conditional Use Permit to mine. The acquisition fits within a broader consolidation strategy aimed at leveraging these advantages and advancing resource growth and development objectives efficiently.

Resource Base and Exploration Outlook

The Lincoln Gold Project’s mineral resource estimate, reported in May 2026, totals 402,000 ounces of gold across indicated and inferred categories. The resource is concentrated mainly in the Lincoln-Comet and Medean areas, with grades averaging 5.1 g/t Au. Haranga is preparing to commence a drilling program at the XC11 target in late August, aiming to expand and upgrade the resource base further.

This acquisition enhances Haranga’s ability to explore interpreted mineralisation at depth unencumbered and to extend underground access efficiently, which could be pivotal in unlocking additional ounces within the project’s multi-kilometre strike length. The company continues to evaluate further consolidation opportunities across the Mother Lode, signalling a sustained focus on growth in this high-grade gold district.