HAR: First Hole of Phase 2 Drilling Delivers High-Grade Gold
Original announcement by asx on
- Company
- Haranga Resources Limited
- Ticker
- HAR
- Exchange
- ASX
- Region
- California, U.S.A.
- Primary commodity
- Gold
- Secondary commodities
- Uranium
- Document categories
- Drill results, Resource update
- Extracted
- 2026-10-15 22:24:01 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Haranga Resources announced high-grade gold results from the first hole of its Phase 2 underground diamond drilling program at the Lincoln Gold Project in California, USA. Hole DDH0294 returned 32m at 10.4g/t Au from 143m, confirming the high-grade nature of the mineralization and potentially merging thinner modelled zones. This drilling program aims to improve resource confidence, supporting the re-classification of Inferred Mineral Resources to Indicated, and is part of a systematic approach to re-develop the Lincoln project.
Reasoning: The first hole of Phase 2 drilling at Lincoln delivered a strong high-grade gold intercept (32m at 10.4 g/t Au), which is material for resource confidence upgrade and potential expansion of the Lincoln Gold Project. The grade-width product is exceptional, and the program's objective to convert Inferred to Indicated resources is a key de-risking step.
Positive factors
- High-grade intercept (10.4 g/t Au) significantly above peer average for orogenic gold
- Exceptional grade-width product (332.8 g/t·m)
- Significant intercept length (32m)
- Program aims to upgrade resource confidence from Inferred to Indicated
- Confirms high-grade nature of mineralization
- Potential to merge thinner modelled zones
- First hole of Phase 2 drilling, indicating strong start to new program
Negative factors
- Intercept reported as uphole length, true width not yet determined
- Historical QA/QC noted blanks consistently outside expected below detection levels
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 10
Classification and evidence
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The intercept of 1m at 51.4 g/t Au is well above the exceptional threshold for orogenic gold deposits (15 g/t Au for underground mining).
Evidence · text
“peak of 1m at 51.4g/t Au”
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: The document explicitly states that the intercept is reported as uphole length and not true width, and that true width is to be determined.
Evidence · text
“Intercept is reported as uphole length and not true width.”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release includes detailed QA/QC disclosure, mentioning a Competent Person, ALS laboratory accredited to ISO/IEC 17025:2017, and methods like standards, blanks, and duplicates.
Evidence · text
“Mr Craig Hall, a Competent Person, who is a Member of the Australian Institute of Geoscientists (AIG member #1748)... ALS laboratory in Reno Nevada, which holds multiple accreditations, including ISO/IEC 17025:2017... submission of a range of Certified Reference materials (CRM’s) and blanks... inserted into the sampling sequence”
Compositing Transparentpositive
Cut-off grade and internal dilution rules are clearly stated for reported intervals.
Why it applies: The cut-off grade (1.0 g/t Au), minimum interval length (1.8m), and maximum internal dilution (2.0m) are clearly stated for reported intervals.
Evidence · text
“N.B.-Cut off- 1.0 g/t Au; Minimum interval length 1.8m; Max internal dilution 2.0m”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program's primary goal is to improve resource confidence, supporting the potential re-classification of Inferred Mineral Resources to Indicated.
Evidence · text
“The program’s primary goal is to improve resource confidence, supporting the potential re-classification of Inferred Mineral Resources to Indicated.”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: 77% of Lincoln’s total Mineral Resource Estimate falls within the Inferred Resources category, indicating a speculative stage for a significant portion of the resource.
Evidence · text
“Presently, 77% of Lincoln’s total Mineral Resource Estimate falls within the Inferred Resources category”
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The Saraya Uranium Project resource estimate has an effective date of 27 August 2024, which is more than 2 years old relative to the announcement date of October 2026.
Evidence · text
“The resource as reported at 27 August 2024 is as follows:”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document provides a summary of the existing Lincoln Gold Project MRE and Saraya Uranium Project MRE, which are restatements of prior estimates.
Evidence · text
“Lincoln - Mineral Resource... The resource as reported at 25 May 2026 is as follows:”
Extracted facts
Stored fact records: 10. Some facts used in scoring do not have a stored record.
Drill Results (5)
DDH0294Lincoln · goldGrade: 10.41Grade Unit: g/tIntercept: 32 mView all detailsHide details
Identity
- Hole ID
- DDH0294
- Project
- Lincoln
- Commodity
- gold
- Region
- usa
- Reported Region
- usa
- Ticker
- HAR
Geometry
- Grade
- 10.41
- Grade Unit
- g/t
- Intercept
- 32 m
- From
- 143 m
- To
- 175 m
- Hole Depth
- 230 m
- Intercept Depth
- 143 m
Classification
- Deposit Type
- orogenic
- Program
- resource
- Sample Type
- drill
- Group ID
- DDH0294:143-175
- Mining Method
- underground
Location
- Location
- southern portion of the Lincoln resource
- Easting
- 2104083
- Northing
- 582459.4
- CRS
- NAD83/California Zone 2
- Elevation
- 261.7 m
- Azimuth
- 130 °
- Dip
- 34.5 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- No
Compositing
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
- Dilution Disclosed
- Yes
- Max Dilution
- 2 m
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This is the first hole of Phase 2 drilling, delivering a strong high-grade gold intercept (32m at 10.4 g/t Au) which is material for resource confidence upgrade and potential expansion of the Lincoln Gold Project. The grade-width product is exceptional.
Positive factors
- High-grade intercept (10.4 g/t Au) significantly above peer average for orogenic gold
- Exceptional grade-width product (332.8 g/t·m)
- Significant intercept length (32m)
- Program aims to upgrade resource confidence from Inferred to Indicated
- Confirms high-grade nature of mineralization
- Potential to merge thinner modelled zones
- First hole of Phase 2 drilling, indicating strong start to new program
Negative factors
- Intercept reported as uphole length, true width not yet determined
- Historical QA/QC noted blanks consistently outside expected below detection levels
Evidence · text
“DDH0294 returning a highlight interval of 32m at 10.4g/t Au from 143m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Compositing Transparentpositive
Cut-off grade and internal dilution rules are clearly stated for reported intervals.
Why it applies: cutoff_grade and internal dilution are both stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
DDH0294Lincoln · goldGrade: 51.4Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- DDH0294
- Project
- Lincoln
- Commodity
- gold
- Region
- usa
- Reported Region
- usa
- Ticker
- HAR
Geometry
- Grade
- 51.4
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 152 m
- To
- 153 m
- Hole Depth
- 230 m
- Intercept Depth
- 152 m
Classification
- Deposit Type
- orogenic
- Program
- resource
- Sample Type
- drill
- Group ID
- DDH0294:152-153
- Mining Method
- underground
Location
- Location
- southern portion of the Lincoln resource
- Easting
- 2104083
- Northing
- 582459.4
- CRS
- NAD83/California Zone 2
- Elevation
- 261.7 m
- Azimuth
- 130 °
- Dip
- 34.5 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- No
Compositing
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
- Dilution Disclosed
- Yes
- Max Dilution
- 2 m
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This bonanza-grade intercept confirms the genuine high-grade nature of the mineralization within the broader 32m interval, providing strong support for the project's potential.
Positive factors
- Bonanza Intercept (51.4 g/t Au) significantly above peer average for orogenic gold
- Exceptional grade-width product (51.4 g/t·m)
- Confirms genuine high-grade nature of mineralization
- First hole of Phase 2 drilling, indicating strong start to new program
Negative factors
- Intercept reported as uphole length, true width not yet determined
- Historical QA/QC noted blanks consistently outside expected below detection levels
Evidence · text
“peak of 1m at 51.4g/t Au”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Compositing Transparentpositive
Cut-off grade and internal dilution rules are clearly stated for reported intervals.
Why it applies: cutoff_grade and internal dilution are both stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
DDH0294Lincoln · goldGrade: 4.46Grade Unit: g/tIntercept: 2 mView all detailsHide details
Identity
- Hole ID
- DDH0294
- Project
- Lincoln
- Commodity
- gold
- Region
- usa
- Reported Region
- usa
- Ticker
- HAR
Geometry
- Grade
- 4.46
- Grade Unit
- g/t
- Intercept
- 2 m
- From
- 75.4 m
- To
- 77.4 m
- Hole Depth
- 230 m
- Intercept Depth
- 75.4 m
Classification
- Deposit Type
- orogenic
- Program
- resource
- Sample Type
- drill
- Group ID
- DDH0294:75.4-77.4
- Mining Method
- underground
Location
- Location
- southern portion of the Lincoln resource
- Easting
- 2104083
- Northing
- 582459.4
- CRS
- NAD83/California Zone 2
- Elevation
- 261.7 m
- Azimuth
- 130 °
- Dip
- 34.5 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- No
Compositing
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
- Dilution Disclosed
- Yes
- Max Dilution
- 2 m
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This intercept from the first hole of Phase 2 drilling provides additional positive results, contributing to the overall understanding of the deposit.
Positive factors
- Moderate grade (4.46 g/t Au) for orogenic gold
- First hole of Phase 2 drilling
Negative factors
- Intercept reported as uphole length, true width not yet determined
- Historical QA/QC noted blanks consistently outside expected below detection levels
Evidence · table
“4.46”
Context: 2
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Compositing Transparentpositive
Cut-off grade and internal dilution rules are clearly stated for reported intervals.
Why it applies: cutoff_grade and internal dilution are both stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
DDH0294Lincoln · goldGrade: 2.16Grade Unit: g/tIntercept: 3.4 mView all detailsHide details
Identity
- Hole ID
- DDH0294
- Project
- Lincoln
- Commodity
- gold
- Region
- usa
- Reported Region
- usa
- Ticker
- HAR
Geometry
- Grade
- 2.16
- Grade Unit
- g/t
- Intercept
- 3.4 m
- From
- 185.1 m
- To
- 188.5 m
- Hole Depth
- 230 m
- Intercept Depth
- 185.1 m
Classification
- Deposit Type
- orogenic
- Program
- resource
- Sample Type
- drill
- Group ID
- DDH0294:185.1-188.5
- Mining Method
- underground
Location
- Location
- southern portion of the Lincoln resource
- Easting
- 2104083
- Northing
- 582459.4
- CRS
- NAD83/California Zone 2
- Elevation
- 261.7 m
- Azimuth
- 130 °
- Dip
- 34.5 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- No
Compositing
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
- Dilution Disclosed
- Yes
- Max Dilution
- 2 m
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This intercept from the first hole of Phase 2 drilling provides additional positive results, contributing to the overall understanding of the deposit.
Positive factors
- Moderate grade (2.16 g/t Au) for orogenic gold
- First hole of Phase 2 drilling
Negative factors
- Intercept reported as uphole length, true width not yet determined
- Historical QA/QC noted blanks consistently outside expected below detection levels
Evidence · table
“2.16”
Context: 3.4
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Compositing Transparentpositive
Cut-off grade and internal dilution rules are clearly stated for reported intervals.
Why it applies: cutoff_grade and internal dilution are both stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
DDH0294Lincoln · goldGrade: 1.74Grade Unit: g/tIntercept: 1.9 mView all detailsHide details
Identity
- Hole ID
- DDH0294
- Project
- Lincoln
- Commodity
- gold
- Region
- usa
- Reported Region
- usa
- Ticker
- HAR
Geometry
- Grade
- 1.74
- Grade Unit
- g/t
- Intercept
- 1.9 m
- From
- 192.1 m
- To
- 194 m
- Hole Depth
- 230 m
- Intercept Depth
- 192.1 m
Classification
- Deposit Type
- orogenic
- Program
- resource
- Sample Type
- drill
- Group ID
- DDH0294:192.1-194
- Mining Method
- underground
Location
- Location
- southern portion of the Lincoln resource
- Easting
- 2104083
- Northing
- 582459.4
- CRS
- NAD83/California Zone 2
- Elevation
- 261.7 m
- Azimuth
- 130 °
- Dip
- 34.5 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- No
Compositing
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
- Dilution Disclosed
- Yes
- Max Dilution
- 2 m
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This intercept from the first hole of Phase 2 drilling provides additional positive results, contributing to the overall understanding of the deposit.
Positive factors
- Moderate grade (1.74 g/t Au) for orogenic gold
- First hole of Phase 2 drilling
Negative factors
- Intercept reported as uphole length, true width not yet determined
- Historical QA/QC noted blanks consistently outside expected below detection levels
Evidence · table
“1.74”
Context: 1.9
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Compositing Transparentpositive
Cut-off grade and internal dilution rules are clearly stated for reported intervals.
Why it applies: cutoff_grade and internal dilution are both stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
Resource Estimates (5)
indicatedLincoln Gold Project · goldTonnes: 429000Grade: 6.6Grade Unit: g/tContained Metal: 91000Contained Unit: oz auHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Lincoln Gold Project
- Commodity
- gold
- Region
- usa
- Reported Region
- California, U.S.A.
- Ticker
- HAR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Craig Hall
- Resource group id
- resource:892abcdcdb1333fe9b6b
- Deposit or zone
- Lincoln-Comet
Resource Data
- Category
- indicated
- Tonnes
- 429000
- Grade
- 6.6
- Grade Unit
- g/t
- Contained Metal
- 91000
- Contained Unit
- oz au
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-25
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-25T00:00:00.000Z
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This is a restatement of the existing Indicated Resource for Lincoln-Comet, providing background for the current drilling program's objectives to upgrade resource confidence.
Positive factors
- Indicated Resource category provides reasonable geological confidence
- High-grade resource (6.6 g/t Au) for orogenic gold
Negative factors
- Stale Data Re-release (resource estimate is from May 2026, restated here)
- 77% of contained gold ounces are classified as Inferred for the total Lincoln resource
Evidence · table
“6.6”
Context: 429,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredLincoln Gold Project · goldTonnes: 1068000Grade: 5.4Grade Unit: g/tContained Metal: 184000Contained Unit: oz auHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Lincoln Gold Project
- Commodity
- gold
- Region
- usa
- Reported Region
- California, U.S.A.
- Ticker
- HAR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Craig Hall
- Resource group id
- resource:022d77ae0f79052465a3
- Deposit or zone
- Lincoln-Comet
Resource Data
- Category
- inferred
- Tonnes
- 1068000
- Grade
- 5.4
- Grade Unit
- g/t
- Contained Metal
- 184000
- Contained Unit
- oz au
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-25
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-25T00:00:00.000Z
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This is a restatement of the existing Inferred Resource for Lincoln-Comet, providing background for the current drilling program's objectives to upgrade resource confidence.
Positive factors
- High-grade resource (5.4 g/t Au) for orogenic gold
Negative factors
- Inferred Resource category indicates lower geological confidence
- Stale Data Re-release (resource estimate is from May 2026, restated here)
- 77% of contained gold ounces are classified as Inferred for the total Lincoln resource
Evidence · table
“5.4”
Context: 1,068,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredLincoln Gold Project · goldTonnes: 961000Grade: 4.1Grade Unit: g/tContained Metal: 127000Contained Unit: oz auHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Lincoln Gold Project
- Commodity
- gold
- Region
- usa
- Reported Region
- California, U.S.A.
- Ticker
- HAR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Craig Hall
- Resource group id
- resource:d632d752b4ef9ca01608
- Deposit or zone
- Medean
Resource Data
- Category
- inferred
- Tonnes
- 961000
- Grade
- 4.1
- Grade Unit
- g/t
- Contained Metal
- 127000
- Contained Unit
- oz au
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-25
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-25T00:00:00.000Z
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This is a restatement of the existing Inferred Resource for Medean, providing background for the current drilling program's objectives to upgrade resource confidence.
Positive factors
- Moderate-grade resource (4.1 g/t Au) for orogenic gold
Negative factors
- Inferred Resource category indicates lower geological confidence
- Stale Data Re-release (resource estimate is from May 2026, restated here)
- 77% of contained gold ounces are classified as Inferred for the total Lincoln resource
Evidence · table
“4.1”
Context: 961,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedSaraya Uranium Project · uraniumTonnes: 4100000Grade: 740Grade Unit: ppm eU3O8Contained Metal: 6.7Contained Unit: mlbs eu3o8Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Saraya Uranium Project
- Commodity
- uranium
- Ticker
- HAR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Craig Hall
- Resource group id
- resource:f770663e79fde0f95633
Resource Data
- Category
- indicated
- Tonnes
- 4100000
- Grade
- 740
- Grade Unit
- ppm eU3O8
- Contained Metal
- 6.7
- Contained Unit
- mlbs eu3o8
- Cutoff Grade
- 250
- Cutoff Unit
- ppm eU3O8
Prior Estimate
- Resource Date
- 2024-08-27
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-08-27T00:00:00.000Z
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This is a restatement of the existing Indicated Resource for the Saraya Uranium Project, providing general company background rather than new information.
Positive factors
- Indicated Resource category provides reasonable geological confidence
Negative factors
- Stale Data Re-release (resource estimate is from August 2024, restated here)
Evidence · table
“740”
Context: 4.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.1 years before this release
inferredSaraya Uranium Project · uraniumTonnes: 10400000Grade: 475Grade Unit: ppm eU3O8Contained Metal: 10.9Contained Unit: mlbs eu3o8Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Saraya Uranium Project
- Commodity
- uranium
- Ticker
- HAR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Craig Hall
- Resource group id
- resource:87a0052ea2659bc0d961
Resource Data
- Category
- inferred
- Tonnes
- 10400000
- Grade
- 475
- Grade Unit
- ppm eU3O8
- Contained Metal
- 10.9
- Contained Unit
- mlbs eu3o8
- Cutoff Grade
- 250
- Cutoff Unit
- ppm eU3O8
Prior Estimate
- Resource Date
- 2024-08-27
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-08-27T00:00:00.000Z
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This is a restatement of the existing Inferred Resource for the Saraya Uranium Project, providing general company background rather than new information.
Negative factors
- Inferred Resource category indicates lower geological confidence
- Stale Data Re-release (resource estimate is from August 2024, restated here)
Evidence · table
“475”
Context: 10.4
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.1 years before this release
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.