Haranga Resources Limited (ASX: HAR) has uncovered significant uranium anomalies at the Mandankoly prospect, part of the 1,650km² Saraya Uranium permit in Senegal. The discovery, identified through infill surveys on a 200m x 50m grid, comprises two uranium anomalies displaying concentrations up to 15ppm, seven times higher than the 2ppm background levels. Extending approximately 600m, these anomalies are located within erosional valleys on the Eastern Saraya laterite plateau, indicating a potential connection with the underlying granite, currently hosting the existing resource.
With a total of five closely spaced uranium anomalies now identified, excluding the JORC compliant 16.1Mlbs U3O8 inferred mineral resource, Haranga plans to upgrade the resource from Inferred to Indicated. Ongoing auger drilling and regional termite mound sampling continue, with RC drilling set to recommence post-Christmas shutdown for potential resource expansion. Managing Director Peter Batten expressed excitement about the aggressive exploration program amid growing interest and price surges in the uranium market.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.