Haranga accelerates Lincoln resource conversion and secures $14m to advance gold portfolio

An update from Haranga Resources Limited ( (AU:HAR) ) is now available.

Haranga Resources advanced its Lincoln Gold Project in California during the December 2025 quarter, mobilising an underground diamond drill rig to begin converting a historical foreign resource estimate into a JORC-compliant mineral resource, while progressing dewatering of the Stringbean Alley Decline and upgrading power infrastructure to support underground drilling and pumping. The company also reported strong follow-up assay results at its Ibel South Gold Project in Senegal, completed a second phase of aircore drilling that has revealed a potentially 800m continuous mineralised trend and the need for deeper drilling, and strengthened its balance sheet with a $14 million oversubscribed placement, positioning it to accelerate resource definition at Lincoln and advance the near-production-ready asset in a supportive gold price environment.

The most recent analyst rating on (AU:HAR) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Haranga Resources Limited stock, see the AU:HAR Stock Forecast page.

More about Haranga Resources Limited

Haranga Resources Limited (ASX:HAR; FRA:65E0) is a gold-focused exploration and development company with key projects in the United States and West Africa. Its flagship Lincoln Gold Project in California’s historic Mother Lode Belt benefits from significant legacy capital investment, including an existing 315ktpa processing plant, underground decline and development drives, site infrastructure and foundational permits. The company also owns the Ibel South Gold Project in Senegal, targeting Birimian-style orogenic gold systems along a broader 5km anomalous corridor.

Average Trading Volume: 1,791,867

Technical Sentiment Signal: Buy

Current Market Cap: A$68.78M

For a thorough assessment of HAR stock, go to TipRanks’ Stock Analysis page.