Haranga Resources Acquires Lincoln Gold Mine in Californias Mother Lode Belt

Haranga Resources Limited (ASX: HAR) has agreed to acquire 100% of Seduli Sutter Operations Corporation, the owner of the Lincoln Gold Mine in Sutter Creek, California. This acquisition grants Haranga control over 5.8km of the exceptionally high-grade Mother Lode gold belt, which has produced ~3.4 Moz of gold in the past.

The Lincoln Gold Mine benefits from significant existing infrastructure, including a fully equipped processing plant, underground mine infrastructure, and an 880m decline with 900m of level development. The project is near production-ready with over AU$90 million in sunk capital and complete mining and processing permits secured. The granted Conditional Use Permit allows for 315,000 tonnes of ore processing per year, with potential for expansion. Haranga’s strategy includes defining over 1 Moz of high-grade gold resources and advancing toward large-scale production. With aggressive drilling planned after deal completion, the company aims to unlock the district-scale potential of this Tier 1 gold region.

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