still short on iron ore, page-2

From the last Q report,HAR will have some big JORC upgrades soon!

Exactly how these thresholds will be triggered, and how the Law and the governmental review procedures will be implemented in practice, remain to be seen, however the Law is not retroactive and therefore Haranga Resources’ ownership of its Mongolian projects is not threatened by this Law and the Company will not have to apply for permission from the Government to maintain its majority stake in the Selenge project, nor its other three Mongolian iron ore projects

The drill program at Selenge for the 2012 field season has commenced. During the current drill season it is critically important for the Company to drill as much of the area of known iron mineralisation as possible in order to boost the resource inventory now that the metallurgical test work has confirmed the suitability of the ore. In light of this, the company currently has seven diamond core rigs drilling at Selenge, the largest number of drill rigs at a single project in the country. The Company is also currently employing an eighth rig on site for drill hole surveying and re-surveying of some older holes. One reverse circulation (RC) drill rig is due on site in early August, initially to conduct hydrogeological drilling and once finished, this rig will be also used for exploration and resource extension drilling. Thus it is expected that by mid August there will be nine drill rigs operating at the Selenge project site