Announcement • 4h
Hamak Strategy Limited has completed a Follow-on Equity Offering in the amount of £0.2 million. Hamak Strategy Limited has completed a Follow-on Equity Offering in the amount of £0.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: £0.008
Transaction Features: Subsequent Direct Listing Announcement • Jul 08
Hamak Strategy Limited Reports Further High-Grade Drilling Results At Akoko Project in Ghana Hamak Strategy Limited announced further high-grade Reverse Circulation intercepts from the Akoko oxide gold project in southwest Ghana. Results for 6 holes for 234m received from the Akoko South licence area. Intersections include 6.46 g/t over 4m including 20.03g/t Au over 1m. Further wide and shallow zones of gold mineralization intersected. Results complement historical drilling including 8.82g/t Au over 15m. Total of 46 holes for 2,514m completed which will be complemented with historical drilling to compile a maiden industry compliant oxide gold resource for Akoko. Drilling recently commenced on the Akoko South prospect, approximately 13km south of the Akoko north prospect. A total of six holes for 234 metres has been drilled in the northern area of the Akoko south licence. Due to very heavy rains, access to the remaining holes at Akoko south has become increasingly difficult and as a result the Company, on the advice of the drill contractor, has agreed to pause the drilling programme for safety reasons until drier conditions prevail. The Company considers that it has sufficient drilling results from its 46 holes for 2,514m and, including confirmation of historical drilling, to enable a robust independent Mineral Resource Estimate to be prepared, which will be published in due course. Assays have been received for a further six holes for 234m of RC drilling at the Akoko South prospect. Near-surface gold mineralized zones have been intersected, with hole 2026-061 returning 4m at 6.46g/t Au from 32m, including a higher-grade intersection of 20.03g/t Au at 33m. These high-grade intersections were from a shallow zone of sulphide material, suggesting that there is high potential for deeper sources of gold mineralization below the shallower oxide level into the sulphides. Other shallow oxide intersections are show in Table 1 below, include 28m at 0.66g/t Au from surface (2026-062), 11m at 0.73g/t Au from surface (2026-063A) and 17m at 0.51g/t Au from surface (2026-063B). These results complement the historical drilling just to the south which included 43m at 1.40g/t Au, 15m at 8.82g/t Au, 61m at 1.03g/t Au, 15m at 1.10g/t Au, 8m at 1.26g/t Au and 7m at 8.99g/t Au. These combined results further demonstrate the propensity of wide intersections of gold mineralization from surface, as well as suggesting the deeper gold potential in the sulphide mineralization. Assays have been received for a further six holes for 234m of RC drilling at the Akoko South prospect. Near-surface gold mineralized zones have been intersected, with hole 2026-061 returning 4m at 6.46g/t Au from 32m, including a higher-grade intersection of 20.03g/t Au from 33m. These high-grade intersections were from a shallow zone of sulphide material, suggesting that there is high potential for deeper sources of gold mineralization below the shallower oxide level into the sulphides. Announcement • Jun 22
Hamak Strategy Limited Receives Further Excellent Drilling Results for the Akoko Oxide Gold Project in Ghana Hamak Strategy Limited announced further excellent Reverse Circulation (RC) drilling results from the Akoko oxide gold project in southwest Ghana. Near surface, high-grade oxide gold RC drilling intercepts from Akoko North prospect. 1.61g/t Au over 44m from 5m, including 2.24g/t Au over 27m from 9m. Results for a further 5 holes for 236m, with 39 holes for 2,310m completed to date. Drilling is continuing at the Akoko South prospect with 35 holes for 1,900m remaining. Drilling has commenced on the Akoko South prospect, approximately 13km south of the Akoko north prospect. A total of 39 holes for 2,310 metres have been drilled on the Akoko project by Hamak to date with 35 holes for 1,900m currently remaining at Akoko South, subject to access and ground conditions during the current rainy season. Assays have been received for a further five holes for 236m of RC drilling at the Akoko North prospect. Near-surface gold mineralized zones have been intersected, with hole 2026-086 returning 44m at 1.61g/t Au starting 5m below surface, including a higher-grade zone of 2.42g/t Au over 27m from 9m depth, which includes 4.71g.t Au over 7m form 19m depth. These results continue to show the continuity of gold mineralization across the extensive Akoko North geochemical anomaly. The drilling results from Akoko North will be incorporated into a future independent Mineral Resource Estimate and Preliminary Economic Assessment for the Akoko gold project. Drilling has already commenced at the Akoko South prospect, approximately 13km south of Akoko North. Results from this programme will be announced when they become available. See the Company's announcement of 11 May 2026 for the full analytical AQ/QC process. 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. 
