REG - Hamak Strategy Ltd. - Consistent Gold Grades from Drilling at Akoko

Hamak StrategyAnnouncement

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RNS Number : 7866E  Hamak Strategy Limited  19 May 2026

 

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OF SUCH JURISDICTION.

 

19 May 2026

 

Hamak Strategy Limited

("Hamak" or the "Company")

 

 Consistent Gold Grades from Drilling at Akoko Project in Ghana

 

Hamak Strategy Limited (LSE: HAMA / OTCQB: HASTF), a Company combining
traditional gold exploration in West Africa with a Digital Asset Treasury
Management strategy, announces that it has received further encouraging assay
results from the ongoing 4,125m reverse circulation ("RC") drill programme at
the Akoko oxide gold project in southwest Ghana.

 

Highlights

·      Results from a further 11 RC drill holes at Akoko gold project in
southwest Ghana

·      New results include 1.87g/t Au over 13.0m, including 3.64 g/t Au
over 4.0m

·      Results support geological model of wide, near surface gold
mineralised horizons

·      Drilling programme continuing with further results to be
announced when received

 

CEO and Executive Director Karl Smithson commented:

"I am delighted to report on further very encouraging gold assays from our
on-going RC drill programme at the Akoko project in southwestern Ghana. The
results continue to validate our geological model, as interpreted from
historical drill programmes, with wide, near surface oxide gold mineralization
being intersected. The consistency of intersections will assist in the
confidence of the independent and industry standard mineral resource estimate
and preliminary economic assessment that we plan to commission towards the end
of the current drilling programme. I look forward to providing further updates
from our drilling at Akoko in due course".

 

RC Drilling

Following the Company's recent announcement on the drilling programme at
Akoko, a total of 23 holes for 1,487 metres have been drilled to date focussed
on the previously defined gold mineralized area of the Akoko north area. The
objective of the drilling programme includes testing potential extensions to
the known mineralised zone, verifying drilling results of historical
programmes, obtaining sample material for metallurgical test work and
condemnation drilling to assist in planning with the location of future mine
infrastructure.

 

Samples continue to be collected every metre down hole and submitted for Au50
Fire Assay, to accredited SGS Laboratory Services Ghana Limited in nearby
Tarkwa.

 

Drill Assay Results

Assay results have now been received for a further eleven holes, which include
several holes for both mineralization confirmation and condemnation holes
outside of the known mineralized areas (Table 1).

 

In the recent batch of results hole 2026-036, returned significant assays of
1.87g/t Au over 13m from 10m, including 3.63g/t Au over 4m from 13m, followed
by another wide intersection of 0.78g/t Au over 19m from 37m. This hole was
drilled to twin a historical hole which returned 1.42g/t Au over 56m from 8m.
Soft ground conditions gave rise to poor drilling conditions and lower
drilling recoveries in hole 2026-036 with no sample returned across part of
the anticipated higher-grade mineralized zone. However, the estimated
intersection of 1.06g/t Au over 45m generally confirms the previous results.

 

The consistency between the current programme and the historical data may
support the inclusion of the historic drilling data into the planned
independent Mineral Resource Estimate, which will be prepared and announced
following the completion of the current 4,125m RC drill campaign.

Table 1: Drill Hole and Assay Information

 

 

Schematic Drill Sections

The following two sections demonstrate the consistency of assay results from
the current drilling programme, with the gold mineralized zones and block
model as generated by the historical drilling.

Analytical and QA/QC

See the Company's announcement of 11 May 2026 for the full analytical AQ/QC
process.

 

Qualified Person

The technical information in this announcement that relates to exploration
results is based on information reviewed by Hamak Strategy's retained
consultant Dr Colin Andrew, who is an independent Consulting Economic
Geologist, and graduate of Imperial College London and the Royal School of
Mines and is a Member of the Institute of Materials, Minerals and Mining, a
Fellow of the Geological Society of London, a Member of the Society of
Economic Geologists, and a registered Chartered Engineer with the Engineering
Council. Colin Andrew has over forty years of diverse mining industry
experience, relevant to the nature of exploration, the style of mineralization
and type of deposit under consideration and to the activity that he is
reviewing, to qualify as a an "Independent Qualified Person" as such term is
defined in NI 43-101.

 

For the purposes of UK MAR, the person responsible for arranging release of
this announcement on behalf of Hamak is Karl Smithson, CEO and Executive
Director.

 

For further information on Hamak you are invited to view the company's website
at https://hamakstrategy.com/ (https://hamakstrategy.com/) or please contact:

 

 Hamak Strategy Limited

 Karl Smithson, CEO and Executive Director   k.smithson@hamakstrategy.com (mailto:k.smithson@hamakstrategy.com)

 Mike Murphy, CSO and Executive Director     m.murphy@hamakstrategy.com (mailto:m.murphy@hamakstrategy.com)

 AlbR Capital Limited (Corporate Broker)     +44 (0) 20 7469 0930
 Yellow Jersey PR                            +44 (0) 20 3004 9512

 Annabelle Wills

 

About Hamak Strategy Limited

Hamak Strategy Limited (LSE: HAMA / OTCQB: HASTF) is a UK listed company
focussed on gold exploration in Africa and with a strategy of pursuing an
appropriate and compliant BTC / crypto treasury management policy.

 

Important Notice

The Company maintains some of its treasury reserves and surplus cash in
Bitcoin, a form of cryptocurrency. The Company is not authorised or regulated
by The Financial Conduct Authority (FCA) and Bitcoin investments are generally
not subject to regulation by the FCA or otherwise in the United Kingdom.
Neither the Company nor investors in the Company's shares are protected by the
UK's Financial Ombudsman Service or the Financial Services Compensation
Scheme.

 

However, the FCA considers Bitcoin investments to be high-risk. The value of
Bitcoin can go up as well as down, leading to fluctuations in the value of the
Company's Bitcoin holdings, and the Company may not be able to realise its
Bitcoin holdings for the same amount it paid to acquire them, or even for the
value the Company currently attributes to its Bitcoin positions.

The Company's Board of Directors have identified the following risks in
relation to the holding of Bitcoin, which are not exhaustive:

 

•           The value of Bitcoin can be highly volatile, with its
value falling as quickly as it rises. Investors in Bitcoin must be prepared to
lose all money invested.

•           The Bitcoin market is largely unregulated. There is a
risk of losing money due to factors such as cyber-attacks, financial crime,
and counterparty failure.

•           The Company may not be able to sell its Bitcoin at
will. The ability to sell Bitcoin depends on various factors, including the
supply and demand in the market at the relevant time. Operational failings
such as technology outages, cyber-attacks, and comingling of funds could cause
unwanted delays.

•           Cryptoassets carry a perception of fraud, money
laundering, and financial crime.

 

An investment in the Company is not an investment in Bitcoin itself, but
prospective investors in the Company are encouraged to conduct their own
research before investing and should be aware that they will have indirect
exposure to the high-risk nature of cryptoassets, including their volatility,
and could therefore sustain large or total losses of their investment.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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