REG - Hamak Gold Limited - Nimba Joint Venture Update

Hamak GoldAnnouncement

26/08/2025 07:00

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RNS Number : 5317W  Hamak Gold Limited  26 August 2025

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26 August 2025

Hamak Gold Limited

("Hamak Gold" or the "Company")

Nimba Joint Venture Update

Hamak Gold Limited (LSE: HAMA), a company combining traditional gold
exploration in West Africa with a Digital Asset Treasury Management strategy,
is pleased to announce an update on its Liberia Nimba project joint venture
with ASX Listed First Au Limited ("FAU").

Highlights

·  Stage1 payment of A$250,000 and issue of 100 million FAU shares
(currently valued at A$500,000) completed in return for a 35% interest in the
Nimba project

·    A 3,000m drilling programme is underway at Nimba, with two holes
(520m) completed

·   FAU to fund the continued drilling and exploration programme and make
further shares/cash payments as part of the progressive joint venture earn-in

Nick Thurlow, Executive Chairman of Hamak Gold, commented:

"The joint venture with FAU over our Nimba project has made good progress with
the onset of the 3,000m drilling campaign. The programme is being fully funded
by FAU and therefore preserves cash within the Company to simultaneously
continue with its digital asset treasury management strategy. The Stage-1
funds and shares received from FAU will further strengthen our balance
sheet.

"The FAU shares are subject to a voluntary six month lock in as Hamak Gold
sees the accretive value of the shares if the drilling and exploration
programme at Nimba are successful, as we fully expect.

"We will continue to assess additional gold projects that can be acquired and
contribute to our stated duel strategy of being a significant gold and bitcoin
treasury management Company."

For further information you are invited to view the Company's website at
www.hamakgold.com or please contact:

 Hamak Gold Limited

 Nick Thurlow                                   n.thurlow@hamakgold.com

 Karl Smithson                                  k.smithson@hamakgold.com
 Peterhouse Capital Limited (Corporate Broker)  +44 (0) 20 7469 0930

 Yellow Jersey PR

 Annabelle Wills                                +44 (0) 20 3004 9512

 

About Hamak Gold Limited

 

Hamak Gold Limited (LSE: HAMA) is a UK listed company focussed on gold
exploration in Africa and with a strategy of pursuing a BTC/ crypto treasury
management policy. Through its LSE main board listing investors underweight
crypto can get professional exposure to this asset class.

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