Haranga Resources Limited (ASX: HAR, 'Haranga' or 'the Company') advises, that completion of the acquisition of the Lincoln Gold Project is expected to be finalised by end of this week.
The Company notes that it had anticipated to complete on or about the 30th June 2025, however sampling results from its technical due diligence from available select historical drill core and pulps, has only been recently received as announced today (Refer Announcement ASX: 7 July 20252) (Exceptional High Grade Gold Assays from Due Diligence). To date, no material issues have been identified from the due diligence investigations.
The Company is currently working through the administrative aspects of completion, such as share transfers, signing of various agreements (e.g. deeds of assignment and assumption, escrow agreements etc.) and finalisation of other conditions precedent (such as the vendor share issuances approved at the Company's General Meeting on the 11th of June 2025). Significant progress has been made on site, as the Company prepares for its Maiden drill program at the Lincoln Gold Project, as well as for drilling at the Company's Ibel South Gold Project. Further updates on timing of these drill programs will be provided once confirmed.
Forward-looking statements are statements that are not historical facts. Words such as 'expect(s)', 'feel(s)', 'believe(s)', 'will', 'may', 'anticipate(s)', 'potential(s)'and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to statements regarding future production, resources or reserves and exploration results. All of such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to: (i) those relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations, (ii) risks relating to possible variations in reserves, grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined, (iii) the potential for delays in exploration or development activities or the completion of feasibility studies, (iv) risks related to commodity price and foreign exchange rate fluctuations, (v) risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals or in the completion of development or construction activities, and (vi) other risks and uncertainties related to the Company's prospects, properties and business strategy. Investors are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof, and the Company does not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.
Contact:
Tel: +61 8 6158 9990
Email: info@haranga.com
Web: www.haranga.com
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