Latest Haranga Resources (ASX:HAR) News

Drilling wins, funding deals and takeover activity drove a busy week in materials stocks. Big moves came from early-stage explorers, while larger producers won support with cash flow, mine life and deal-making.

Haranga Resources has kicked off a 4,000-metre Phase 3 reverse circulation drilling campaign at its Ibel South Gold Project in Senegal, aiming to extend high-grade gold mineralisation down dip and test new anomalies along a largely untested 5km corridor.

Haranga Resources has almost finished a 3,270m underground diamond drilling program at its Lincoln Gold Project in California, uncovering visual evidence of gold mineralisation repeating at depth. Assay results and a maiden JORC Mineral Resource Estimate are expected soon, alongside new exploration targets.

A courtroom claim, a big feasibility study and a Greenland setback drove the week’s biggest share moves. Investors paid up for clearer funding and permits, but sold hard when project timelines looked shaky.

Haranga Resources is set to launch a 4,000-metre reverse circulation drilling program at its Ibel South Gold Project in Senegal, aiming to extend high-grade gold mineralisation at depth and explore fresh anomalies identified by termite mound sampling.

Micro-caps stole the spotlight, led by a boardroom reset at Killi and a blockbuster cancer update from Amplia. Energy explorers and a few big raisings moved the other way, as traders sold hard into fresh dilution and weak price action.

A boardroom shake-up and a fresh placement sparked the week’s biggest move, while critical minerals deals kept drawing buyers. Gold explorers also ran hard on drill hits, but several gapped stocks showed how fast early moves can fade.

Haranga Resources has announced a significant Exploration Target at its South Spring Hill prospect within the Lincoln Gold Project, estimating up to 308,000 ounces of gold. The project benefits from existing infrastructure and is advancing towards a JORC-compliant resource update.

Haranga Resources announces the resignation of Managing Director Peter Batten, with Chairman Michael Davy stepping in as interim executive to maintain momentum during the transition. The company continues its exploration activities uninterrupted while searching for a new leader.

A single exploration name blew the doors off the leaderboard, while two well-known uranium plays and a Nevada explorer sank hard. Behind the noise: deals got closer to completion, big raisings reset prices, and several “good news” gaps didn’t survive the week.

A single drill program in WA delivered a once-a-year spike, while several small caps fell hard after reopening with price gaps. This week also saw big money raised for gold and uranium builds, and a run of resource upgrades across critical minerals.

Haranga Resources has converted key performance rights into shares following milestone achievements and extended the escrow period on vendor shares, while progressing drilling at its Lincoln and Ibel South gold projects.