Hamak Strategy Limited (LON: HAMA) Consistent Gold Grades from Drilling at Akoko

Consistent Gold Grades from Drilling at Akoko Project in Ghana

Hamak Strategy Limited (LON: 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/ or please contact: