Harena Resources plc
HREE · Main Market · Basic Resources · mcap £20m · 2.8p 1 open situation →
Briefing
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What it does, how it got here, what management promised and delivered, where it stands now – written from its own announcements, every line linked to its source.
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Timeline · every situation
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Project milestones◷ in 89 days
Ampasindava permitting and feasibility
DFS and environmental work under way; DFC funding being drawn
Harena took 100% of Ampasindava in Aug 2025 and completed the PFS in Jan 2026. DFC committed US$4.84m on 21 Jul 2026 and the Exploitation Permit was formalised on 12 Oct 2026. On 2 Nov 2026 Harena reported US$0.48m received, a further US$0.60m requested on 27 Oct, and that DFC may consider up to US$67m of later debt or equity. Bulk sampling is under way.
- PFS
- Pre-production capex US$142m; post-tax NPV10 US$249.6m; IRR 30%; 20-year life (26 Jan 2026) 2 Nov 2026 ↗
- DFC funding
- US$4.84m agreed; US$0.48m received; US$0.60m requested 27 Oct 2026; c.US$0.81m planned Jan 2027 2 Nov 2026 ↗
- Exploitation Permit
- Formalised, announced 12 October 2026, after Cahier des Charges Minières signed 11 Aug 2026 30 Oct 2026 ↗
- Next milestone
- Bulk metallurgical testwork results expected Q1 2027 2 Nov 2026 ↗
- Funding raised in FY
- c.£1.2m Aug 2025; £450,000 RAB Capital Oct 2025; £2.0m Feb 2026 30 Oct 2026 ↗
- Further financing
- DFC to consider debt or equity of up to US$67m, subject to due diligence, appraisal and approval 2 Nov 2026 ↗
Next: Bulk metallurgical testwork results; environmental approvals; further DFC drawdowns · 31 Jan 2027
- 2 Nov 2026 DFS and environmental work under way; DFC funding being drawn
- 30 Oct 2026 Exploitation permit formalised; environmental permit pending
Closed · 1
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