# HAR: Phase 2 Underground Drilling at Lincoln Commenced Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/har-phase-2-underground-drilling-at-lincoln-commenced--d8713e11-bc83-4a41-bb56-3d5542d5f1e0 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03141942 Publisher: asx Original announcement: 2026-09-21T22:21:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-21T23:13:04.021Z Atlas analysis updated: 2026-09-21T23:13:04.021Z - 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 Narrative sentiment: 0.30 · Bullish ## Minestarters Atlas 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 factor: Commencement of Phase 2 underground drilling to improve resource confidence - Positive factor: Successful completion of mine dewatering programme enabling access - Positive factor: Clear objective to upgrade Inferred resources to Indicated for PFS support - Negative factor: High proportion of gold \(77%\) currently held in Inferred category - Negative factor: Drilling results are not yet reported; this is a commencement announcement Facts used in scoring: 6 ## Classification and evidence **Infill Drilling** Polarity: neutral Definition: 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 Resource** Polarity: neutral Definition: 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) ### DDH0294 [Link to this fact](https://atlas-staging.minestarters.com/news/har-phase-2-underground-drilling-at-lincoln-commenced--d8713e11-bc83-4a41-bb56-3d5542d5f1e0#fact-drill-facts-0) Lincoln #### 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ## Resource Estimates (5) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/har-phase-2-underground-drilling-at-lincoln-commenced--d8713e11-bc83-4a41-bb56-3d5542d5f1e0#fact-resource-facts-1) Lincoln Gold Project · gold Historical result Needs review: historical\_restatement #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/har-phase-2-underground-drilling-at-lincoln-commenced--d8713e11-bc83-4a41-bb56-3d5542d5f1e0#fact-resource-facts-2) Lincoln Gold Project · gold Historical result Needs review: historical\_restatement #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/har-phase-2-underground-drilling-at-lincoln-commenced--d8713e11-bc83-4a41-bb56-3d5542d5f1e0#fact-resource-facts-3) Lincoln Gold Project · gold Historical result Needs review: historical\_restatement #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/har-phase-2-underground-drilling-at-lincoln-commenced--d8713e11-bc83-4a41-bb56-3d5542d5f1e0#fact-resource-facts-4) Saraya Uranium Project · uranium Historical result Needs review: historical\_restatement #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **Stale Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/har-phase-2-underground-drilling-at-lincoln-commenced--d8713e11-bc83-4a41-bb56-3d5542d5f1e0#fact-resource-facts-5) Saraya Uranium Project · uranium Historical result Needs review: historical\_restatement #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **Stale Estimate** Polarity: negative Definition: 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.