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The latest announcement is out from Haranga Resources Limited ( (AU:HAR) ).
Haranga Resources has reported steady progress at its Lincoln Gold Project, completing HQ diamond drilling at Cross Cut 3, advancing drilling at Cross Cut 4, and managing short-term dewatering setbacks caused by heavy rainfall that have delayed the anticipated timing for a maiden JORC-compliant Mineral Resource Estimate. The company says geological observations remain consistent with expected lode structures on the periphery of the historical NI 43-101 resource, while initial Chrysos PhotonAssay test work has validated prior high-grade gold screen fire assays, reinforcing the project’s technical credentials and supporting Haranga’s strategy to de-risk Lincoln and position it as a quality high-grade gold asset amid strong gold prices.
The most recent analyst rating on (AU:HAR) stock is a Hold with a A$0.17 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 is an ASX- and Frankfurt-listed exploration and development company focused on advancing its wholly owned Lincoln Gold Project in California’s historic Mother Lode Gold Belt in the United States. The project targets high-grade underground gold mineralisation and leverages existing decline access to drill directly into the mineralised system, aiming to convert an historical NI 43-101 resource into a JORC-compliant Mineral Resource to support future development.
Average Trading Volume: 2,054,117
Technical Sentiment Signal: Buy
Current Market Cap: A$70.46M
See more insights into HAR stock on TipRanks’ Stock Analysis page.