Saraya Uranium Project Holds 17.6Mlbs eU3O8 as Permit Extended to 2027
Haranga Resources has successfully renewed its Saraya Uranium Project exploration permit in Senegal for another three years, following a positive regulatory audit. This extension secures ongoing exploration of a significant uranium resource with promising prospects.
- Saraya Uranium exploration permit renewed for three years until 2027
- JORC-compliant resource of 14.5Mt @ 550ppm uranium (17.6Mlbs eU3O8)
- Senegalese authorities confirm project’s good standing after audit
- Permit area reduced by 25% excluding key uranium anomalies
- Upcoming exploration to focus on auger and RC drilling of anomalies
Permit Renewal Secures Exploration Continuity
Haranga Resources Limited has announced the official renewal of its Saraya Uranium Project exploration permit in Senegal, extending its rights to explore the highly prospective area until 2027. This marks the second renewal granted by Senegalese authorities, underscoring the government's ongoing support for the project. The permit renewal comes with a 25% reduction in surface area, a standard regulatory requirement, but crucially excludes all known uranium anomalies to preserve exploration potential.
Robust Resource Base and Exploration Potential
The Saraya Uranium Project hosts a JORC-compliant mineral resource estimate of 14.5 million tonnes grading 550 parts per million uranium, equating to approximately 17.6 million pounds of contained uranium oxide (eU3O8). This resource is classified as both Indicated and Inferred, providing a solid foundation for further exploration and potential development. Haranga has identified multiple uranium anomalies across the permit area, including at the Sanela and Mandankoly prospects, with recent termite mound sampling techniques revealing new targets.
Positive Regulatory Audit Reinforces Project Standing
In parallel with the permit renewal, Haranga’s subsidiary Mandinga Resources SARL underwent a comprehensive audit by Senegalese mining authorities as part of a nationwide review of extractive industries. The audit confirmed the project’s exemplary compliance with regulatory and environmental standards, validating Haranga’s commitment to transparency and responsible resource development. This positive outcome enhances investor confidence and strengthens the company’s position in Senegal’s mining sector.
Looking Ahead, Drilling and Exploration Plans
With the permit renewal secured, Haranga is preparing to ramp up exploration activities, focusing on auger and reverse circulation drilling programs to test known uranium anomalies and newly identified targets. These efforts aim to expand the existing resource base and refine the understanding of the deposit’s extent and grade. The company’s strategic approach leverages both historical data and innovative sampling methods to maximize discovery potential.
Strategic Positioning in Clean Energy Metals
Haranga’s Saraya project is a key asset in its portfolio, aligning with global trends towards clean energy and nuclear fuel demand. The company’s broader strategy includes advancing gold projects in Senegal and acquiring high-grade assets like the Lincoln Gold Project in California. The Saraya permit renewal not only secures exploration rights but also positions Haranga to capitalize on uranium’s critical role in future energy markets.
Bottom Line?
Haranga’s permit renewal and audit success set the stage for a pivotal exploration phase that could unlock significant uranium value in Senegal.
Questions in the middle?
- What are the timelines and budgets for the upcoming drilling campaigns at Saraya?
- How might fluctuating uranium prices impact Haranga’s development plans?
- Could further resource upgrades or discoveries within the permit area accelerate project advancement?
