REG - Hamak Strategy Ltd. - High-Grade Historical Drilling Gold Intersections

Hamak StrategyAnnouncement

28/05/2026 07:00

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RNS Number : 9507F  Hamak Strategy Limited  28 May 2026

 

 

 

 

 

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OF SUCH JURISDICTION.

 

28 May 2026

 

Hamak Strategy Limited

("Hamak" or the "Company")

 

High-Grade Historical Drilling Gold Intersections 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 acquired and processed a new and
comprehensive database of historical drilling and geochemical soil sampling
from the Akoko Gold Project in southwest Ghana.

 

Highlights

·      A new drilling and sampling database for Akoko acquired

·      Includes 77 Reverse Circulation holes and nine Diamond Drill
holes, with significant intercepts of;

o  21.40g/t over 2m from 27m depth

o  15.44g/t over 12m from 42m depth

o  8.99g/t over 7m from 42m depth

·      High-grade intersections noted to typically occur less than 50m
from surface, consistent with the model of a shallow, gold mineralized oxide
horizon at Akoko

·      Follow up drilling is planned to validate these historic results

 

CEO and Executive Director Karl Smithson commented:

"We are thrilled to see such exceptional gold grades and wide intersections
from the processing of historical drilling data which Hamak recently acquired
for the Akoko Gold project in southwest Ghana. The results include 15.44g/t
over 12.0m, 8.99g/t over 7.0m and 21.40g/t over 2.0m. Subject to industry
standard validation and follow up exploration, we believe these results can
add significantly to our overall understanding of the extent of gold
mineralization at Akoko.

 

"Our drilling programme at Akoko is continuing and further results will be
announced when available. Once drilling is complete and all results have been
received, Hamak will commission an independent Mineral Resource Estimate and
Preliminary Economic Assessment for Akoko."

 

Recently Acquired Akoko Historical Drilling Database

Hamak has exclusive access to a comprehensive geological database provided by
CAA Mining, with whom Hamak holds the option to acquire a 100% interest in the
Akoko gold project. This database covers exploration work and assays results
from 2007 to 2016. However, it recently came to Hamak's attention that further
exploration work was undertaken at Akoko between 2016 and 2018, which included
geochemical soil sampling (404 samples), reverse circulation drilling (77
holes for 6,270m) and diamond drilling (9 holes for 1,072m). Hamak has
acquired this dataset for a nominal amount and this data has brought a
significant amount of new data which can be integrated into our geological
modelled.

 

The drilling data provides assay results for several new areas in the upper
oxide levels, beyond the known gold mineralization that the first database
provided. Significant intercepts from the new drilling data are shown in Table
1, and include;

 

o  21.40g/t Au over 2m from 27m depth

o  15.44g/t Au over 12m from 42m depth

o  8.99g/t Au over 7m from 42m depth

o  1.75g/t Au over 5m from 54m depth

o  1.59g/t Au over 11m from 39m depth

o  1.48g/t Au over 8m from 19m depth

o  1.26g/t Au over 8m from 26m depth

o  1.1g/t Au over 15m from surface

o  1.01g/t Au over 34m from 9m depth

 

Of particular interest is diamond drill hole ANDD17-004 with a reported
intercept of 15.44g/t Au over 12m (from 42m depth). This hole also reportedly
intersected sulphide mineralisation which may potentially be a primary and
deeper source for the oxide gold mineralisation at Akoko. This interpretation
requires further investigation with follow up drilling by Hamak's field team
being planned.

 

Current RC Drilling Programme

Drilling to date has been focussed on the Akoko North area, combining resource
confirmation and condemnation drilling, where a total of 29 holes for 1,806
metres have been drilled to date.

 

Further Drill Assay Results

Assay results have been received for a further seven holes, which includes
five holes for resource condemnation which were outside of the known
mineralized areas (designed to sterilise these areas for locating future
mining infrastructure). The best intercept from the latest batch of results
was 2.07g/t over 4m from 33m (Table 2). Further drill samples are currently in
the laboratory for assay and will be reported in due course.

 

Table 1: Key Drill Hole and Assay Information from the Historical Database

 

 

Table 2: Current Drill Hole and Assay Information

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.

 

Dr. Colin J. Andrew, as Hamak's independent Qualified Person has checked and
verified the new data disclosed including sampling, analytical, and test data
underlying the information contained in this news release.  This data
verification included a review of all Standard Operating Procedures that the
operating Company conducted, a detailed review of all QA/QC results and of
the original laboratory analysis sheets.  All analyses were carried out by
Intertek Minerals Limited, Tarkwa, Ghana, a SANAS testing laboratory with full
international accreditation.  After sample prep and QA sizing to -75um all
analyses were conducted by Fire Assay (FA51 - 50g digest with no matrix issues
with AAS finish) and included the random insertion of field blanks, prep
blanks, laboratory standards and certificated reference materials.  No
material flaws were detected during the data verification exercise

 

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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