HAR: Phase 2 Underground Drilling at Lincoln Commenced
Original announcement by asx on
- Company
- Haranga Resources Limited
- Ticker
- HAR
- Exchange
- ASX
- Region
- Unavailable
- Primary commodity
- Gold
- Secondary commodities
- Uranium
- Document categories
- Resource update, Drill results
- Extracted
- 2026-09-21 23:13:04 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Haranga Resources has commenced its Phase 2 underground diamond drilling programme at the Lincoln Gold Project. The 16-hole programme aims to improve geological confidence and support the potential reclassification of Inferred resources to Indicated resources for an upcoming Preliminary Feasibility Study.
Reasoning: The announcement marks the start of a strategic underground drilling campaign aimed at de-risking the Lincoln Gold Project for a future PFS, though no new assay results are provided.
Positive factors
- Commencement of Phase 2 underground drilling to improve resource confidence
- Successful completion of mine dewatering programme enabling access
- Clear objective to upgrade Inferred resources to Indicated for PFS support
Negative factors
- High proportion of gold (77%) currently held in Inferred category
- Drilling results are not yet reported; this is a commencement announcement
Facts used in scoring: 6
Classification and evidence
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The Phase 2 programme aims to improve geological confidence and reclassify resources, which is characteristic of infill/definition drilling.
Evidence · text
“Improve geological confidence and knowledge of the Mineral Resources”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The Lincoln project is described as having a recently defined maiden resource.
Evidence · text
“has recently defined its maiden mineral resource”
Extracted facts
Stored fact records: 6. Some facts used in scoring do not have a stored record.
Drill Results (1)
DDH0294LincolnView all detailsHide details
Identity
- Hole ID
- DDH0294
- Project
- Lincoln
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- HAR
Geometry
- Hole Depth
- 230 m
Classification
- Program
- resource
- Sample Type
- drill
- Mining Method
- underground
Location
- Location
- XC11
- Loc. Source
- document
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: Hole has commenced drilling but no assay results are reported in this document.
Evidence · text
“drilling of DDH0294 commenced at XC11 on 17 September”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
- Ticker
- HAR
Resource scope
- Estimate type
- resource
- Resource group id
- resource:892abcdcdb1333fe9b6b
- Deposit or zone
- Lincoln-Comet
- Resource basis
- gross
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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-25T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: Restatement of the May 2026 resource estimate.
Evidence · table
“429,000”
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
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
- Ticker
- HAR
Resource scope
- Estimate type
- resource
- Resource group id
- resource:022d77ae0f79052465a3
- Deposit or zone
- Lincoln-Comet
- Resource basis
- gross
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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-25T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: Restatement of the May 2026 resource estimate.
Evidence · table
“1,068,000”
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
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
- Ticker
- HAR
Resource scope
- Estimate type
- resource
- Resource group id
- resource:d632d752b4ef9ca01608
- Deposit or zone
- Medean
- Resource basis
- gross
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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-25T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: Restatement of the May 2026 resource estimate.
Evidence · table
“961,000”
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
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
- Resource group id
- resource:cfadbf74ea235592ad7f
- Deposit or zone
- Saraya
- Resource basis
- gross
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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-08-27T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: Restatement of the August 2024 resource estimate.
Evidence · table
“4.1”
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
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
- Resource group id
- resource:093b233606d959b7c9a5
- Deposit or zone
- Saraya
- Resource basis
- gross
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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-08-27T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: Restatement of the August 2024 resource estimate.
Evidence · table
“10.4”
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
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.