Haranga Resources Limited · ASX:HAR
Haranga Resources — Investor Presentation (November 2025)
33 slides from Haranga Resources's investor presentation, Nov 20, 2025
Slide 1: High-Impact Drilling over Two Proven Gold Systems
High-Impact Drilling over Two Proven Gold Systems From the Legendary Mother Lode to the World-Class Kéniéba Inlier ASX:HAR, FRA:65E0 Corporate Presentation November 2025
Slide 2: Important Disclaimers
Important Disclaimers This presentation does not constitute investment advice. This presentation has been prepared by Haranga Resources Limited (“the Company” or ASX:HAR) to provide summary information about the Company and its activities as at the date of this presentation (November 2025). Neither
Slide 3: Two High-Grade Gold Projects. Two Active Drill Programs.
Two High-Grade Gold Projects. Two Active Drill Programs. Lincoln Gold Project Ibel South Gold Project ▪ United States, 100% Haranga Ownership. ▪ Senegal, 100% Haranga Ownership. ▪ Brownfields, Fast-Track Production Potential. ▪ Potential Greenfields Discovery. ▪ Legendary Motherlode Gold Belt. ▪ Kén
Slide 4: Our Growth Strategy
Our Growth Strategy Rapid exploration across two wholly-owned gold projects in the midst of a historic Gold Boom. 1. Making the Mother Lode Great Again Lincoln Gold Project ▪ Complete de-watering of the Stringbean Alley Decline. ▪ Commence diamond drilling campaign (~2,200m). ▪ Converting non-compli
Slide 5: Corporate Snapshot
Corporate Snapshot Proven gold expertise supported by strong governance and a well-funded capital structure. Michael Davy | Non-Executive Chairman ASX Code HAR Michael is an Australian executive and accountant with over 20 years’ experience and provides strong governance and commercial acumen. He pr
Slide 6: Lincoln Gold Project
Lincoln Gold Project Making the Mother Lode Great Again
Slide 7: Lincoln-Comet Is Only Just the Beginning
Lincoln-Comet Is Only Just the Beginning A golden opportunity to convert non-compliant resources, with multiple opportunities for expansion. ▪ Current Non-Compliant Resource: 958,910t @ 9.29g/t Au for ~286koz Au (4.2gpt cut-off)A (yellow). ▪ XC3 now dewatered, which will be the first cross-cut where
Slide 8: Repetitions at Depth = Game Changer
Repetitions at Depth = Game Changer Potential to assess repetitions, providing scope for a multi-million-ounce discovery. Stringbean Alley Decline & Cross Cuts ? ▪ Mines along strike reach >2,400m depth versus ~150m Lincoln-Comet ore zone. ▪ Historical production along strike ~1000/oz gold per verti
Slide 9: Multi-Million-Ounce Potential
Multi-Million-Ounce Potential A continuous ~6km of the Mother Lode within a highly mineralised corridor. Known Gold Resources Remain Consolidation Opportunity? Within Historical Shafts Planned Extension of Decline (Unlocks Keystone & Medean) ? ? ? ? ? ▪ Known gold across Haranga’s ~6km of strike fro
Slide 10: Repetition & Extension Opportunities
Repetition & Extension Opportunities 4 ▪ 3D modelling in Leapfrog integrates historical drilling and mine data to define and prioritise targets for follow-up drilling. ▪ Continuous mineralised corridor across Lincoln– Comet–Keystone trend. Oblique view of Drilling & ▪ Untested zone directly Undergro
Slide 11: Infrastructure Rich
Infrastructure Rich The Lincoln Gold Project is well positioned to move through to fast-tracked production. Ventilation & Egress Portal Drying Shed Offices Mill Laydown Area Waste Rock Management Workshop Aerial Overview of Haranga’s 100% owned Lincoln Gold Project, California U.S. Portal ASX:HAR 11
Slide 12: Ibel South Gold Project
Ibel South Gold Project Uncovering Africa’s Next Gold Discovery
Slide 13: Ibel South – Frontier of a New Discovery
Ibel South – Frontier of a New Discovery ▪ Located within the Kéniéba Inlier of the Birimian Formation, which has reported >40moz of gold in resources being mined or under development.5 ▪ 80km SW of Sabodala–Massawa Gold Mine (operated by Endeavour Mining, Senegal’s largest producing gold mine, LSE:
Slide 14: Following Up on Spectacular Results
Following Up on Spectacular Results SELECT MAIDEN DRILL RESULTS 41 holes, ~2,000m, AC drilling) 6 • 25-IBS-AC-008: 20m @ 6.54 g/t Au from 12m, incl. 4m @ 14.64 g/t Au • 25-IBS-AC-016: 10m @ 6.35 g/t Au from 44m, incl. 6m @ 8.55 g/t Au (Hole ended in mineralisation) • 25-IBS-AC-017: 4m @ 14.83 g/t fr
Slide 15: Why Invest in Haranga
Why Invest in Haranga Two proven gold systems. Two active drill campaigns. One accelerating gold growth story. LINCOLN (DRILLING IMMINENT) IBEL (DRILLING NOW) ✓ Lincoln-Comet is just the beginning. ✓ Spectacular Maiden Results. ✓ Repetitions at depth and/or extension along strike ✓ Surrounded by sev
Slide 16: Grade Is King
Grade Is King7 Grams Per Tonne (Red Bar, RHS) vs ▪ Haranga is targeting High-Grade A$ Enterprise Value Per Ounce gold across both the Lincoln Gold Project & the Ibel South Project. (Orange Circle <2gpt & Yellow Circle, >2gpt, LHS) ▪ Evidence suggests there is a broadly positive relationship between
Slide 17: Contact
Contact +61 8 6158 9990 Suite 7, 63 Shepperton Rd Victoria Park, WA 6100 info@haranga.com.au haranga.com ASX:HAR, FRA:65E0
Slide 18: Appendix: Lincoln Gold Project Resource & Grade Supporting Info
Appendix Lincoln Gold Project: Resource & Grade Supporting Info
Slide 19: DD Sampling of Historic Drill Core
DD Sampling of Historic Drill Core 8 <2.0ppm Au (n=54) ▪ Sampling across available historic drill core and pulps from mineralised zones confirmed consistency of high-grade. ▪ Integrity of historical data confirmed, providing confidence in drill database for future resource estimation. ▪ Positive cor
Slide 20: Grade Is King – Supporting Information
Grade Is King – Supporting Information Resource Grade Enterprise Market EV/Resource Ticker Company Name (Moz) (gpt) Value ($m) Cap ($m) (A$/oz) Selection Methodology STN Saturn Metals 2.2 0.51 242 307 108 OZM OzAurum 0.3 0.70 13 14 50 ▪ ASX-listed. PC2 PC Gold 0.8 1.00 48 55 58 KAI TOR Kairos Minera
Slide 21: Foreign Mineral Resource Estimate
Foreign Mineral Resource Estimate References relating to the foreign resource estimates included in this presentation and available on the Company website. ▪ Geology and drilling information taken from report titled “Technical Report on the Lincoln Gold Project, California prepared for Seduli, June
Slide 22: Foreign Mineral Resource Estimate
Foreign Mineral Resource Estimate Schedule 1 – Lincoln Gold Project – Foreign Estimate Disclosures ▪ The NI 43-101 Mineral Resources for the Lincoln Gold Project, as at 2 July 2015, are estimated at 958,910 tonnes at 9.29g/t Au for 286,000 ounces of gold. ▪ The information in this announcement relat
Slide 23: Project Walkthrough
Project Walkthrough Lincoln Gold Project: Location, History, Infrastructure, Permitting, Drilling
Slide 24: Location – The Mother Lode Re-awakening
Location – The Mother Lode Re-awakening9 A multi-million-ounce opportunity in one of America’s most legendary gold belts. ▪ The Mother Lode is famous for being at the centre of the historic California Gold Rush. ▪ ~8.4Moz of high-grade gold has been produced from Jackson to Plymouth segment. ▪ Haran
Slide 25: History & Legacy of the Mother Lode
History & Legacy of the Mother Lode 10 ▪ The Mother Lode refers to a 198 km-long belt of hard-rock gold deposits stretching along the Sierra Nevada foothills in California. ▪ Discovered in the early 1840s during the California Gold Rush, it is one of the world’s most significant and long-lived minin
Slide 26: ~$90m Invested to Date
~$90m Invested to Date11 Substantial historic investment in mine development, processing & permitting at Lincoln provides a major head-start towards near-term production. Processing plant (315ktpa capacity) Underground decline development of 880m & development drive of 900m Offices & workshop Key fo
Slide 27: Processing Plant
Processing Plant ✓ Purpose-built processing plant with primary crushing and milling circuits. ✓ Gravity recovery system suited for near- surface high-grade feed. ✓ Existing utilities and layout support future recommissioning. ASX:HAR 27
Slide 28: Portal & Underground
Portal & Underground ✓ Modern underground decline development of 880m & development drive of 900m . ✓ Water management systems, including pumps & treatment. ✓ Electrics, ventilation & underground safety equipment. ASX:HAR 28
Slide 29: Workshop
Workshop ✓ Substantial onsite workshop with 10-tonne crane and fabrication facilities. ✓ Supports maintenance, refurbishment, and operational readiness. ✓ Infrastructure in place to facilitate rapid project re-start. ASX:HAR 29
Slide 30: Modern, Fully Equipped Site Office
Modern, Fully Equipped Site Office ✓ Modern, fully equipped site office. ✓ Dedicated meeting & safety areas. ✓ Change rooms and hygiene facilities. ✓ Purpose built to support sustained exploration and development. ASX:HAR 30
Slide 31: Permitting
Permitting12 Key foundational permits are in place, supporting Haranga’s fast-tracked production strategy. CONDITIONAL USE WATER DISCHARGE STORMWATER PERMIT (CUP) & REQUIREMENTS (WDRs) DISCHARGE PERMIT RECLAMATION PLAN ▪ Required by California Mining Law prior ▪ Requires detailed technical assessmen
Slide 32: Preparation for Drilling Well Underway
Preparation for Drilling Well Underway 13 ▪ Dewatering is required to access planned drilling positions from sequential crosscuts (XC) within the decline. ▪ Underground drilling provides Haranga with substantial technical and capital efficiencies relative to surface drilling. ▪ Dewatering is continu
Slide 33: Planned Drilling at Lincoln-Comet
Planned Drilling at Lincoln-Comet14 ▪ Drilling is expected to commence at XC3 during second half of November. ▪ The planned drill programme currently comprises 21 HQ-sized diamond drillholes totalling ~2,200m, with flexibility to add additional holes. ▪ The drilling contract is for 1,700 to 3,000m,
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