HAR’s uranium exploration targets keep getting bigger

Our uranium exploration Investment Haranga Resources (ASX: HAR) just added to its already sizeable exploration targets at its project in Senegal, West Africa.

We first announced our Investment in HAR last week.

One of the main reasons we are Invested in HAR is to see it expand its existing 16m pound JORC uranium resource and put together a project with a large enough resource inventory that major producers start to take notice.

Its the same playbook that led to ASX listed Bannerman being the best performing stock on the ASX in 2006 & its current market cap of ~$400M - HAR is currently capped at ~$15.6M.

See the 7 key reasons why we Invested in HAR in our initiation note here: Our newest Investment: Haranga Resources (ASX:HAR)

Before today’s announcement HAR’s exploration targets looked like this (the red highlights are potential uranium mineralisation):

After today’s announcement HAR has added to its Sanela target defining a ~2km long trend which could be uranium mineralisation.

HAR now has seven targets including Saraya where its existing JORC resource sits.

For some context on the exploration upside - just one of the exploration prospects (Diobi) is ~5x the size of the Saraya project area.

What’s next for HAR?

Soil sampling across project area 🔃

HAR is currently running soil sampling programs over its project area.

The key area of focus is at the Saraya South and Mandankoli prospects.

HAR is running its soil sampling program by sampling termite mounds - a relatively unique but effective way of running a soil sampling program.

At a very high level, termite mounds are formed after termites bury holes into the ground and bring the buried soil up to surface to create mounds.

The mounds are basically a representation of whats deep underground… some of those mounds are >5m tall. By sampling the mounds the company is getting information on the type of soils at depth without having to actually dig for it.

This is a good video explainer of what we are saying: How Termites Evolved to Build Massive Mounds

HAR’s soil sampling program is expected to be completed by the end of the year.

First drill program 🔲

After the soil sampling programs HAR will rank its targets and put together a plan for its first drill program.