Announcement • May 21
Hamak Strategy Limited Announces Consistent Gold Grades From Drilling At Akoko Project In Ghana Hamak Strategy Limited announced 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. 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. 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. 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. In the recent batch of results hole 2026-036, returned significant assays of 1.87g/t Auover 13m from 10m, including 3.63g/t Auover 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. 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. See the Company's announcement of 11 May 2026 for the full analytical AQ/QC process. Announcement • May 11
Hamak Strategy Limited Intersects 29.53 G/T over 4M At Akoko Gold Project in Ghana Hamak Strategy Limited received the first batch of assay results, comprising 4 holes of the planned 72 hole 4,125m reverse circulation ("RC") drill programme at the Akoko oxide gold project in southwest Ghana. Assays received for the first 4 drill holes at Akoko gold project in southwest Ghana; Intersections include 29.53g/t gold over 4m from 7m and 6m at 3.15g/t Au from 64m; Results support geological model of wide, near surface gold mineralized horizons; RC programme ongoing with a total of 72 holes for 4,125m planned. RC Drilling Hamak is undertaking an initial 72 hole, 4,125m RC drilling programme over the Akoko gold project. The programme has been designed to provide confirmatory and infill information to support the conversion of a previously calculated near surface gold mineralization estimate of 252,000 ounces into an industry compliant mineral resource estimate. The drill programme has commenced in the north of the Akoko permit where sixteen holes have so far been completed for 1,091 metres. All holes are being drilled at an inclination of 50 degrees to the east and are planned to depths of between 50m and 80m, primarily to test the upper oxide gold mineralization at Akoko. Samples are being collected and logged every metre down hole and are prepared for consignment to the accredited SGS Laboratory Services Ghana Ltd. ("SGS") in nearby Tarkwa. Drill Results The first four drill holes, comprising 333 samples, inclusive of quality assurance /quality control ("QA/QC") samples, were submitted to and processed by, SGS for Au50 fire assay . The assay from these holes have returned excellent results which have confirmed the geological model of a near surface, oxide zone with wide intersections of gold mineralization. Significant gold intercepts are show in Table 2 (at a 0.25g/t cut-off). Interpretation of Results Although results are only received from the first four RC drill holes of the planned 72-hole programme, the Company is encouraging to note the high-grade intersections of gold mineralization near surface, particularly from holes 2026-01 3 and 2026-03 7. The interpretation of the oxide and sulphide boundary correlates with that of the historical drilling in the same vicinity. The geological model at Akoko is currently interpreted as a deeply weathered oxide zone down to depths of 80m, which contains broad zones of gold mineralization near to surface. Analytical and QA/QC Reverse Circulation drilling samples were collected in large (~800mm x 600mm) plastic retention bags below a cyclone at 1m intervals. Each bag had the relevant metre intervals (eg. 22 - 23m) and hole ID clearly marked on the bag. The total sample recovered from each drilling interval was split, using a three-tier riffle splitter (88%:12%), into a ~2 kg assay sample (collected in a pre-labelled plastic bag) with the remaining bulk (field residue) sample collected in a large plastic bag. The entire bulk sample was put through the riffle splitter. Field Duplicate Samples were also collected. These samples were routinely taken (1 in 20), by re-splitting the total remainder (field residue) over the three-tier riffle splitter (88%:12%) into a ~2 kg assay sample with the remaining bulk sample retained. The splitter was thoroughly cleaned after each metre. All analytical samples were collected in plastic bags (380mm x 250mm) with sample numbers clearly marked on plastic bag using a permanent marking pen. All sample bags were sealed tightly with cable ties to prevent contamination between samples. Samples were transported by Company personnel to the SGS Laboratory at Tarkwa, Ghana. Sample preparation and analysis by SGS was performed by drying, crushing to -6mm and then pulverizing to <75 microns (-200 mesh) in Cr steel bowls. Analysis for Au was by 50g Fire Assay with an atomic absorption spectrometry (AAS) finish according to the method GE_FAA30V5/FAA50V5 with limits between 5 and 10,000 ppb (10 g/t). Any samples exceeding the upper limit were re-assayed according to method GO_FAA30V10/FAA50V10 with limits between 0.1 and 100 ppm (100 g/t). Laboratory standard reference materials and blanks were submitted randomly within every 50 samples. In addition to SGS internal QA/QC protocols, Hamak has implemented a quality control programme for all samples collected through the drilling programme. This quality control programme was designed by a qualified and independent third party, with a focus on the quality of analytical results for gold includes the random insertion of blanks (samples known to contain to gold values) and Certified Reference Materials (of precisely known gold content) in each batch of samples submitted to the laboratory. Analytical results were received, imported to our secure on-line database and evaluated to meet our established guidelines to ensure that all sample batches pass industry best practice for analytical quality control. Announcement • Apr 17
Hamak Strategy Limited Commences Resource Drilling At Akoko Gold 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, has commenced a 4,125 metres reverse circulation ("RC") resource drill programme on the Akoko gold project in southwest Ghana. Resource drill programme underway at Akoko oxide gold project in southwest Ghana. 72 RC holes for 4,125m planned across the two primary targets at Akoko. Drilling focused on upper 80m of oxide gold material which hosts a non-JORC resource. Programme to generate a maiden JORC* compliant mineral resource estimate ("MRE") and a Preliminary Economic Assessment ("PEA") for a low-cost open pit mine. Since Hamak signed its contract with Ghana based drilling company Deeprock (GH) Limited ("Deeprock") for an initial 4,125m RC drilling programme over the Akoko oxide gold project, the Company has rapidly undertaken the necessary preparation for drill rig access and drill pads. Deeprock has now mobilised the drill rig to the Akoko North project area and has commenced drilling a planned 72 holes for 4,125m across Akoko North and Akoko South. All drilling samples are collected by the Company following industry best practices with an appropriate number and type of certified reference materials (standards), blanks and duplicates inserted to ensure an effective Quality Assurance Quality Control "QAQC" regime. RC samples are collected at 1m intervals with representative samples split at the site. Samples will be submitted to the ISO accredited SGS Laboratory ("SGS") in Tarkwa (Ghana) for fire assay technique. Tarkwa is a nearby town to the Akoko project and is where Hamak has established its base and therefore, it is expected that assay results will be received on a regular basis. Hamak has retained independent consulting geologist Dr. Colin Andrew to prepare a maiden JORC compliant MRE for Akoko. The MRE will be based on the current drill programme results and the 16,000m of historical drilling assay results that Hamak has received. The current MRE (non-JORC) was undertaken in 2016 by the previous licence owners which estimated 270,000 ounces of contained gold. Hamak is currently engaging with several independent consulting and engineering groups to propose a budget for the preparation of a preliminary economic assessment ("PEA") for a potential low-cost open pit mining and processing operation at Akoko. The declaration of the updated and JORC compliant MRE is the first step towards preparing the PEA, which will also assess options for mining and processing methods, capital and operating costs and cash flow forecasts, in a robust financial model. 
