Haranga Resources Limited · ASX:HAR
Haranga Resources — Investor Presentation (February 2024)
20 slides from Haranga Resources's investor presentation, February 2024
Slide 1: Investor Presentation
Haranga Resources Ltd (ASX:HAR) Investor Presentation February 2024
Slide 2: Important Information
Important Information 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 (February 2024). Neither
Slide 3: Investment in Nuclear Energy
Investment in Nuclear Energy Commodity performance: Uranium prices continue to perform strongly in 2023, spot up >80% Historical data: Prior exploration work, including more than 68,000m of drilling, radiometric and magnetic surveys, at Saraya indicates good uranium potential with data available and
Slide 4: Company information
Company information ASX HAR Corporate structure Share Price $0.225 89.5m Shares price Shares on issue (As at 1 February 2024) $20.14m $1.8m Market capitalisation Cash on hand (As at 17 Jan 2024) Top Shareholders First Growth Fund Ltd 5.38% 38.5m 4m Martin Pawlitschek 5.99% Dusko Ljubojevic 5.99% Lis
Slide 5: Key Personnel
Key Personnel Hendrik Schloemann Non-Executive Director Dr Schloemann is a geologist with a track record of more than 20 years of exploration around the world, with particular experience in Michael Davy Africa. His experience covers adapting to new social and technical Non-Executive Chairman environ
Slide 6: Looming Uranium Supply Imbalance
Looming Uranium Supply Imbalance • Sentiment changing to a fast-growing acceptance of the sectors ability Uranium Market Balance to supply reliable baseload energy 24/7/365 with a clean, green footprint. • Estimated nuclear power generation will range between its current 10% of the global electricit
Slide 7: Green Nuclear Demand Increase Needed to Cover Contract Shortfalls
Green Nuclear Demand Increase Needed to Cover Contract Shortfalls Even compared to the two next lowest emission power sources of wind and solar, nuclear generates 25% and 40% less CO2 equivalent emissions per unit of power1 Nuclear Wind Solar Hydro power Biomass 3 4 5 34 78-230 Natural gas 490 Coal
Slide 8: Investment in Nuclear Energy
Investment in Nuclear Energy • Sweden is • 5 operating considering adding • 1 planned up to 2,800 MWe to • Nuclear the Ringhal nuclear contributing 60% power plant's • Finland extended current capacity of Units 1 & 2 at the 2,190 Mwe Loviisa nuclear • Advanced plans for plant to 2050 Russia 3 reacto
Slide 9: Uranium Spot Price - >80% Increase 2023
Uranium Spot Price - >80% Increase 2023 Current spot price February 2024 US$106/lb Covid driven COP 28 states Demand Increasing curtailments add to No future that does supply pressure not include nuclear March 2020 (Spot power US$24.75) 12 August 2023 Russia invades Ukraine 24 February 2022 Producer
Slide 10: Why Senegal?
Why Senegal? The safest investment country in • West Africa Senegal independence from France in 1960, a stable democratic system with peaceful transitions of power through elections. • Senegal has cemented a reputation as a stable and politically mature nation within the region. • Senegal has made s
Slide 11: Senegal – Stable Mining Jurisdiction
Senegal – Stable Mining Jurisdiction ü New Mining Code - 8 November 2016 and its Implementing Decree 2017-459 dated 20 March 2017. ü The Mining Ministry of Senegal is immensely positive of the mineral potential of the country. ü Early traces of mining includes Iron metallurgy along the Senegal river
Slide 12: Saraya Uranium Project
92 Saraya Uranium Project U Senegal • The Saraya Uranium Project is a JV between Haranga Resources Ltd (70%) and Mandinga Resources SARL (30%, free carried to PFS) and relates to permit PR02208 in East Senegal. • Ground partially explored by Areva and Cogema prior to 2010. • Uranium mineralisation o
Slide 13: Saraya Uranium Project – Stage Exploration
92 Saraya Uranium Project – 4 Stage Exploration U Senegal Mandankoly Banforato Stage 4: RC/DD drilling3 – any tms anomaly that is successfully tested by auger then Stage 2: Infill2 to test regional constitutes a drill target. results and define a surface Initial drilling will be RC and follow up may
Slide 14: Termite Mound Sampling
Termite Mound Sampling Termites can travel extensively underground. They deposit samples on the surface that contain rock material from various depths and distances. This sampling is a form of soil sampling utilising the termites natural process to probe beneath the laterite mask. Sampling our termi
Slide 15: Saraya Uranium Project – other prospects
92 Saraya Uranium Project – other prospects U Senegal • Outside of Saraya there were several known anomalous Saraya deposit Diobi areas that have had some attention. Mainly surface 16 Mlbs @ sampling but some (Diobi, Mandankoly and Sanela) with 587ppm eU3O8 historic drilling. Inferred3 Katafata Diob
Slide 16: Saraya Uranium Project – Existing Resource Big Potential
92 Saraya Uranium Project – Existing Resource Big Potential U Senegal • Haranga verified the historic data with the completion of 22 diamond core holes for 3,021m, resulting in 45 uranium intercepts for 524m of mineralisation with a weighted average grade of 775ppm eU3O81. • MRE is based upon 541 dr
Slide 17: Ibel South Gold Project
79 Ibel South Gold Project Au Senegal • Birimian Volcanics of the Kenieba inlier, which has reported in excess of 40 million ounces of gold in resources being mined or under development1 • Approximately 80 km SW of the 8.72 Moz Teranga Gold Corporation (TSX: TGZ), Sabodala-Massawa gold mine (in prod
Slide 18: Project Timeline
Project Timeline Drill Target Definition Saraya Project Revised MRE – Saraya Extended Saraya MRE Upgrade Metallurgical RC and DD Testwork Drilling February August Saraya Maiden MRE October 2023 January May Saraya Resources Extension Definition Drilling RC TM Drilling Auger Drilling 18
Slide 19: Summary
Summary • Senegal is a stable geopolitical location with a pro mining government and recently (2016/17) updated Mining laws Country • Presidential elections due in February 2024 • Haranga Resources - maiden Mineral Resource Estimate of 16Mlbs Inferred @ 587 ppm eU3O8 for the Saraya Deposit Uranium A
Slide 20: harangaresources.com.au
+61 8 6158 9990 Suite 7, 63 Shepperton Rd Victoria Park, WA 6100 hello@harangaresources.com.au harangaresources.com.au
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