First Hole of Phase 2 Drilling Delivers High-Grade Gold

• Phase 2 drilling at Lincoln delivers high-grade gold intersection
• DDH0294 returns 32m at 10.4g/t Au from 143m
• Drilling program aims to improve resource confidence and expand mineral resources

Haranga Resources Limited has reported a successful high-grade gold intersection in the first hole of its Phase 2 underground diamond drilling program at the Lincoln Gold Project in California. The drilling returned a 32-meter interval at 10.4g/t Au from a depth of 143 meters, with 13 assays exceeding 10g/t Au, including a peak of 1m at 51.4g/t Au. The Phase 2 program, consisting of 16 holes for 1,500 meters, targets the southern portion of the Lincoln resource and an under-drilled area between the Lincoln and Comet mineralized zones. The primary objective is to improve resource confidence and potentially reclassify portions of the JORC Inferred Resources to Indicated Resources, supporting a planned preliminary feasibility study. Additionally, the program aims to expand mineral resources by identifying extensions of current mineralization and new mineralized intercepts.

Lincoln Mineral Resource Estimate: 2.46Mt at 5.1g/t Au for 402koz Au

The company aims to improve resource confidence and expand mineral resources through the Phase 2 drilling program, with a focus on reclassifying portions of the JORC Inferred Resources to Indicated Resources.