REG - Hamak Strategy Ltd. - Wide Gold Intersections from Nimba Drilling

Hamak StrategyAnnouncement

08/10/2025 07:00

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RNS Number : 4613C  Hamak Strategy Limited  08 October 2025

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08 October 2025

Hamak Strategy Limited

("Hamak Strategy" or the "Company")

Wide Gold Intersections from Nimba Drilling

 

Hamak Strategy Ltd. (LSE: HAMA / OTCQB: HASTF), a company combining
traditional gold exploration in Africa with a Digital Asset Treasury
Management strategy, is pleased to announce the first drilling results from
its joint venture (JV) with First Au Limited (ASX: FAU) on its 65% owned Nimba
gold project.

 

Highlights

·    Hole FADD25-001 intersected a wide mineralised zone of 29m at 0.97g/t
Au from 49m to 78m

o  Including 23m at 1.15g/t Au from 49m to 72m depth, with individual
high-grade intersections of 4.1g/t Au, 3.1g/t Au, 2.7g/t Au, 2.3g/t Au and
2.0g/t Au

·    A deeper intersection also yielded 8m at 2.55g/t Au from 130m to 138m

o  Including 2m at 8.37g/t Au with individual intersections of 7.7g/t Au and
9.1g/t Au

·    These intersections confirm the continuity of mineralisation at depth
from the first Hamak drilling that intersected 20m at 7g/t Au closer to
surface

·    The gold mineralisation remains open at depth

·    Assay results for the next two holes, FADD-002 and 003, are expected
in the near future

Nick Thurlow, Executive Chairman of Hamak Strategy, commented:

"We are greatly encouraged by the wide intersections of gold mineralisation
returned from the first hole assay results, which confirm the depth extensions
to the high-grade discovery made by Hamak. We look forward to advancing the
drilling programme and reporting further assay results, in partnership with
and funded by our JV partners, First Au Limited."

Nimba Drilling and Results Update

Hamak's joint venture partner, FAU (35% project owner), is fully funding
exploration work at Nimba to include an initial 3,000m drilling programme at
the Ziatoyah gold discovery. Drilling is currently ongoing with five holes for
948.90 metres having been completed to date. The objective of the drilling to
confirm the original high-grade drilling results of Hamak has been
successfully achieved, and further drilling is ongoing to determine the
continuity and structural control of the gold mineralisation.

The first hole drilled, FADD25-001, was oriented with the objective to prove
the depth extensions of Hamak's near-surface and high-grade intersection of
20m at 7g/t Au (hole NZ22-001). The assay results confirm a wider intersection
of 29m at 0.97g/t Au, which included a higher grade zone of 23m at 1.15g/t Au.
A second deeper zone returning 8m at 2.55g/t Au was also intersected,
confirming the widening of a narrower zone intersected by Hamak's drilling of
2m at 1.2g/t Au (Tables 1 and 2 and Figure 1).

Table 1: Drill Hole Information for Current Programme and Hamak Strategy's
Discovery Hole

 Hole      Easting  Northing  Elevation (m)  Azimuth (degrees)  Inclination (degrees)  End of Hole (m)
 FADD-001  562032   744094    243.26         293                -50                    240.0
 FADD-002  562074   744139    241.50         293                -60                    280.5
 FADD-003  562069   744238    240.60         293                -62                    264.5
 FADD-004  562129   744238    241.50         293                -60                    99.7
 FADD-005  561803   744897    246.17         305                -55                    102.20

 NZ22-001  562015   744095    244.30         292                -45                    117.7

 

Table 2: Significant Downhole Intercepts of FADD25-001 and NZ22-001

 Hole           From (m)  To (m)  Downhole Length (m)  Grade (g/t AU)
 FADD-001       49        78      29                   0.97
 including      49        72      23                   1.15
                130       137     8                    2.55
 including      130       135     5                    3.91
 and including  131       133     2                    8.73

 NZ22-001       29        49      20                   6.98
 including      35        40      5                    21.73
                85        87      2                    1.19

 

Figure 1: Section of Drilling and Mineralisation at Holes NZ22-001 and
FADD25-001

A number of high-grade intersections were made in the wider mineralised zone
of hole FADD-001 (Table 2) and repeat assays show variability in some results,
which is indicative of coarse native gold. Visible gold was observed in both
FAU's hole FADD25-001 (Figure 2) and Hamak's hole NZ22-001.

Figure 2: Visible gold (circled in red) captured at 51m (a), 60.95m (b) and
132m (c) from hole FADD25-001

 

Screen fire assays are currently underway to verify the potential presence of
larger gold particles that may have been under-represented in the initial
crushed pulp assays.

Drill holes FADD-002 (280.50m) and FADD-003 (264.50m)  have been completed
and assays are pending. Drill hole FADD-004 was abandoned at 99.7m due to
ground conditions.

 

Holes FADD-005 (100.20m) and FADD-006  (in progress) and 007 are located some
500m to the north of the Ziatoyah discovery and are testing a new area where
artisanal gold mining coincides with strong geochemical soil anomalies and a
surface rock sample assay that returned a grade of 6.13g/t Au (Figure 3).

 

Further updates on progress will be announced in due course.

 

Figure 3: Drill Hole Location and Geochemical Gold in Soil Anomalies

 

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

 Hamak Strategy Limited

 Nick Thurlow                             n.thurlow@hamakstrategy.com

                                          n.thurlow@hamakgold.com

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

 Yellow Jersey PR

 Annabelle Wills                          +44 (0) 20 3004 9512

 

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.

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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