• Haranga Resources completed more than 5,000 meters of drilling on its Senegal gold project in 2025 and plans further exploration in 2026.

• The company intends to launch Phase 3 drilling in Q1 2026 at the Ibel South project after confirming gold mineralization over more than 800 meters.

• Haranga raised A$14 million ($9.4 million) in October 2025 to fund project development, including Ibel South.

Haranga Resources plans to launch Phase 3 of its drilling program in the first quarter of 2026 at the Ibel South gold project in southeastern Senegal. The Australian company announced the plan on January 12 in a statement that also detailed the results achieved during Phase 2.

During the first two phases of last year’s campaign, the company completed more than 5,000 meters of air-core drilling. As a result, the work confirmed the presence of a gold system extending over more than 800 meters. Phase 2 drilling returned intercepts ranging between 0.43 grams per tonne and 1.40 grams per tonne of gold.

“During Phases 1 and 2, several drill holes intersected mineralization, which reinforces our view that the system remains open at depth and justifies continued deeper drilling to properly assess its scale,” said Peter Batten, Chief Executive Officer of Haranga Resources.

For now, the company has not defined a timeline for a potential gold discovery that would materialize through an initial resource estimate. However, ongoing exploration work continues to move the company closer to this objective, which would provide critical insight into the project’s gold potential.

Haranga Resources has not disclosed the investment amounts allocated to previous drilling campaigns or to the upcoming program. However, the company raised A$14 million ($9.4 million) in October 2025 to finance the development of its various projects, including Ibel South.

Meanwhile, Senegal’s subsoil continues to attract growing interest from mining companies, several of which have reached advanced stages of project development. In 2025, Morocco’s Managem commissioned Boto, its first mine in Senegal, giving the country its third industrial gold mine after Sabodala-Massawa and Mako. In addition, Canada-based Thor Resources and Fortuna Mining continue to advance their Douta and Diamba Sud projects toward the mine construction phase.

This article was initially published in French by Emiliano Tossou

Adapted in English by Ange Jason Quenum