Latest Haranga Resources (ASX:HAR) News

Haranga Resources is preparing to begin a 16-hole underground drilling campaign at its Lincoln Gold Project, targeting the southern resource and an under-drilled gap between the Lincoln and Comet zones. The programme arrives alongside new underground power infrastructure, completed dewatering and several assays that could shape a later resource update.

Haranga Resources appoints seasoned mining executive Patrick Mutz as Managing Director and CEO, aiming to accelerate development of its high-grade Lincoln Gold Project in California.

Rare earths and uranium stocks led a broad resources rally, while gold companies combined record profits with larger reserves and dividends. Yet strong company news did not guarantee a rising share price, with several materials groups falling despite better earnings or project progress.

Haranga Resources has secured 60 acres adjacent to its Lincoln Gold Project in California’s Mother Lode, enhancing exploration flexibility and infrastructure options for a high-grade gold resource with multi-million ounce potential.

Big project news kept landing across gold, rare earths and battery minerals, but many small-cap share prices still fell hard. The week belonged to a giant gold merger at the top end, while further down the board early excitement often gave way to selling.

Haranga Resources’ Phase 3 RC drilling at Ibel South in Senegal confirms shallow, high-grade gold mineralisation within a broad alteration corridor, with the system remaining open along strike and at depth. The company has lodged a permit renewal and plans a follow-up drilling campaign targeting key extensions.

Small-cap materials stocks swung hard as fresh funding, mine build decisions and standout drill hits drove the week’s biggest moves. Gold, lithium, rare earths and tungsten names all drew buying, while a few raisings and weak follow-through after trading halts kept losses sharp.

Haranga Resources has wrapped up its Phase 3 Reverse Circulation drilling at Senegal’s Ibel South, revealing pervasive hydrothermal alteration and pyrite mineralisation consistent with a Birimian-style gold system. Assay results expected by end June will determine the next exploration steps.

Haranga Resources has delivered a maiden JORC Mineral Resource Estimate of 402,000 ounces at 5.1 g/t gold from its Lincoln Gold Project in California, underpinning rapid restart plans backed by $90 million in existing infrastructure.

Capital raisings, resource updates and Medicare news drove the week’s biggest share moves. The sharpest gains came from silver and tungsten juniors, while the heaviest fall came from a deeply discounted equity raising.

Haranga Resources has wrapped up its underground drilling at the Lincoln Gold Project, delivering standout high-grade assays and setting the stage for a maiden JORC Mineral Resource Estimate next week.

Speculative growth names and biotech drove the biggest gains this week, while one consumer staple copped the heaviest selling after cutting guidance. Deal flow stayed busy, but investors were even more responsive to hard numbers: profit upgrades, feasibility studies, contract wins and fresh drilling results.