Haranga Resources LimitedH
Haranga Resources Limited (ASX: HAR; FRA: 65E0) describes itself as holding "a gold project in California (USA) and gold and uranium projects located in Senegal" (Interim Report to 30 June 2026). Shareholders approved renaming it American West Gold Ltd at the 28 May 2026 AGM, with the ASX code AWG reserved; as of its 22 September 2026 announcement the change had not yet taken effect and it still trades as HAR. Its flagship is the 100%-owned Lincoln Gold Project in the Mother Lode Gold Belt, western Amador County, California, about 70km east-southeast of Sacramento: a past-producing underground mine with an 880m decline, a 315ktpa processing plant that last operated in 2022, roughly US$90 million of prior capital investment, and an Amador County Conditional Use Permit for mining. Lincoln's maiden JORC (2012) Mineral Resource (ASX 25 May 2026, 2.0 g/t Au cut-off) is 2.46Mt @ 5.1 g/t Au for 402,000 oz: Lincoln-Comet Indicated 429,000t @ 6.6 g/t for 91,000 oz and Inferred 1.07Mt @ 5.4 g/t for 184,000 oz, plus Medean Inferred 0.96Mt @ 4.1 g/t for 127,000 oz. In Senegal it holds 70% of the Saraya uranium project (permit PR 02208, acquired from Mandinga Resources, which is free-carried to PFS), whose JORC resource of 27 August 2024 is 14.5Mt @ 550ppm eU3O8 for 17.6Mlb (Indicated 4.1Mt @ 740ppm for 6.7Mlb, Inferred 10.4Mt @ 475ppm for 10.9Mlb), and 100% of the Ibel South gold exploration permit, where Phase 3 RC drilling in 2026 returned shallow high-grade intercepts but no resource has been estimated. The company's own filings now put gold first: the board proposed the rename on 20 April 2026 because it "reflects the Company's strategic focus on gold, specifically its wholly owned Lincoln Gold Project"; in the half to 30 June 2026 it spent A$2.87M on Lincoln against A$0.27M on Saraya, and it impaired Saraya to a recoverable amount of A$1.0M. The primary commodity is therefore gold, anchored on Lincoln, with uranium retained as a secondary commodity for Saraya.
Notable vs. Peers
- Jurisdiction risk score of 6/10 is meaningfully riskier than the peer average of 7.8/10.
Lifecycle Milestones
Not yet determined: tailings facility, road access, grid power.
Combined view across 2 projects. Figures below are only combined where the underlying basis genuinely matches -- see the notes under each.
- 91K oz AuLincoln Gold Project (Lincoln-Comet and Medean), Amador County, California, USA
- 6.7M lb U3O8Saraya Uranium Project (PR 02208), eastern Senegal
Jurisdiction (40%)6/10
California: Fraser PPI 2024 is 25.66 of 100 (rank 68 of 82; not rated in the 2025 survey), which maps to 6 on this site's scale. The flagship Lincoln project is in the Mother Lode Gold Belt of western Amador County, California, with US rule of law. California's mining policy climate ranks among the lowest in Fraser's survey, but Lincoln already holds a county Conditional Use Permit allowing mining of up to 1,000 short tons per day, which clears one of the state's usual approval hurdles. Its Senegal assets (Saraya, Ibel South) are secondary.
Infrastructure (40%)6.4/10
A confirmed mill at Lincoln Gold Project (Lincoln-Comet and Medean), Amador County, California, USA; road access, grid power, and tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
Disclosed pending name change
A corporate action of this kind says nothing about takeover susceptibility, so it isn't scored.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:3.5/10
Stage: Resource Definition
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 57% here - JurisdictionSub-score:6/10
United States: jurisdiction score 6/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Mining executive with more than 30 years' industry experience, including 20+ years as MD/CEO. Most recently MD/CEO of Image Resources NL (ASX:IMA), leading its transition from advanced developer to producer (secured A$75m funding, achieved nameplate production, market cap grew from ~A$15m to a high of ~A$275m). Previously CEO of Deep Yellow Limited (ASX:DYL) and Alliance Resources Limited (ASX:AGS). Appointed effective 1 September 2026.
Australian Accountant with over 15 years' experience across a range of industries. Currently also directs multiple other ASX-listed companies including Raiden Resources, Arcadia Minerals, and Vanadium Resources. Transitioned from Executive Chairman to Non-Executive Chairman on 1 September 2026, concurrent with Patrick Mutz's appointment as MD/CEO.
CEO & Director of Burgundy Diamond Mines with over 25 years' experience in legal, finance, and corporate matters. Serves on four additional ASX boards.
Experienced executive with 30+ years across various industries; previously Managing Director and Board Director for ASX-listed mineral-resources companies, with banking and legal background.
Geologist with 35+ years in minerals exploration, development, and production across precious and base metals. Currently also a Non-Executive Director of Auris Minerals Ltd.
Company Secretary of Far East Gold Limited; also Company Secretary of Haranga Resources Limited.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Haranga Resources, whose shareholders approved a change of name to American West Gold in May 2026 that had not taken effect by 22 September 2026, is focused on gold at its 100%-owned Lincoln Gold Project in the Mother Lode belt of Amador County, California, about 70km east-southeast of Sacramento. Lincoln is a past-producing underground mine with an 880m decline and a 315ktpa processing plant that last operated in 2022, and its maiden JORC resource, released on 25 May 2026, is 2.46 Mt at 5.1 g/t for 402,000 oz of gold: 91,000 oz indicated at Lincoln-Comet, with no measured category, and 311,000 oz inferred across Lincoln-Comet and Medean. No economic study has been published; Rapid Restart studies began in the June 2026 quarter. In Senegal, Haranga holds 70% of the Saraya uranium project, whose August 2024 JORC resource contains 17.6 Mlb of eU3O8, 6,700,000 lb of it indicated, and 100% of the Ibel South gold exploration permit, where no resource has been estimated.