Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • Haranga Resources (HAR) has listed on the ASX today with a boom, with its shares rising 30 per cent
  • The company has assets in Burkina Faso, Còte d’Ivoire and Senegal, all located in West Africa
  • The listing follows a successful initial public offering raising $6.5 million from investors at 20 cents each and has mapped out a two-year plan to develop its projects
  • Currently, there has been political unrest in Burkina Faso, however Haranga’s priority projects are Saraya in Senegal and Issia in Cote d’Ivoire, rather than in Burkina Faso
  • On the market today, Haranga was up 30 per cent and is trading at 26 cents per share aby the end of the trading day

Haranga Resources (HAR) has listed on the ASX today with a boom, with its shares rising 30 per cent.

The junior explorer has gold assets in Burkina Faso and Còte d’Ivoire, as well as a uranium project in Senegal.

The listing follows a successful initial public offering raising $6.5 million from investors at 20 cents each and has mapped out a two-year plan to develop its projects.

Haranga’s projects include the Issia gold project in Cote d’Ivoire and the Saraya uranium project in Senegal. The company intends to advance both of these projects.

Recent geological studies based on historical drilling at Saraya and historical geochemical surveys at Issia have confirmed their potential.

“This is an exciting opportunity to develop the Saraya and Issia projects, which show good prospects for early exploration success thanks to their locations, results from recent studies and historical data,” Executive Chairman Peter Youd said.

“The Issia Gold Project is located in a prolific gold province with key similarities to adjacent, well-defined gold deposits and is supported by good infrastructure. There has been no historical drilling at Issia.”

“Our Saraya project should be considered both an advanced-stage exploration project and large greenfield exploration project.”

The prospectus was lodged with the Australian Securities and Investment Commission in October 2021.

Currently, over in Burkina Faso, the military forced out president Roch Kabore, suspended the constitution, dissolved the government and the national assembly and closed borders.

Mr Youd said the company’s priority projects were Saraya and Issia, located in Cote d’Ivoire and Senegal.

“We will continue to monitor the situation in Burkina Faso but the exploration permits in this region are not the focus of our company’s efforts,” he said.

On the market today, Haranga was up 30 per cent and is trading at 26 cents per share by the end of the trading day.

HAR by the numbers
More From The Market Herald
The Market Herald Video

" Aurora Energy Metals (ASX:1AE) defies market pressures with solid ASX debut 

Aurora Energy Metals (ASX:1AE) continues to defy market pressures on day two of trading, with shares up…
Invictus Energy (ASX:IVZ) - Non Executive Chairman, Dr Stuart Lake

" Invictus Energy (ASX:IVZ) enters trading halt for capital raise

Invictus Energy (ASX:IVZ) has placed its shares in a trading halt pending the release of a…
Australian Vanadium (ASX:AVL) - Managing Director, Vincent Algar

" Australian Vanadium (ASX:AVL) enters mid-week trading halt

Australian Vanadium (ASX:AVL) has entered a mid-week trading halt pending an upcoming capital raising.
The Market Herald Video

" Capital raising and IPO news: Orcoda (ASX:ODA) raises for vehicle buy

Logistic tech business Orcoda (ASX:ODA) raised just over $1.25 million through a placement and share purchase plan to…