Further High-Grade Drilling Results at Akoko

Hamak Strategy Limited

08 July 2026

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES, ANY TERRITORY OR POSSESSION THEREOF OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

8 July 2026

Hamak Strategy Limited

("Hamak" or the "Company")

Further High-Grade Drilling Results at Akoko Project in Ghana

Drilling Hits 6.4 g/t over 4m including 20g/t over 1m

Mineral Resource Estimate Nearing Completion

Hamak Strategy Limited (LSE: HAMA / OTCQB: HASTF), a Company combining advanced gold exploration in West Africa with a Digital Asset Treasury Management strategy, announces further high-grade Reverse Circulation ("RC") intercepts from the Akoko oxide gold project in southwest Ghana.

Highlights

·    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

CEO and Executive Director Karl Smithson commented:

"The latest batch of drill assay results from Akoko South reflect the same encouraging pattern of near-surface oxide gold mineralization that we drilled at Akoko North. However, we have now also intersected a high-grade sulphide zone at 6.46g/t Au over 4m, including a high-grade zone 20g/t Au over 1m. This result indicates the potential for a deeper primary gold system at Akoko.

"The remaining drilling at Akoko south is scheduled to complete following the end of the seasonal rains. In the meantime, we now have sufficient drilling results to complete the independent Mineral Resource Estimate for Akoko and I look forward to the results this which will be announced when available."

RC Drilling Programme

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.  However, 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.

RC Drilling Assay Results

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 (Figure 1).

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.

Analytical and QA/QC

See the Company's announcement of 11 May 2026 for the full analytical AQ/QC process.

Figure 1: Current RC and Historical Drilling Assay Results in Akoko South

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. 

Further shallow oxide gold intersections are show in Table 1 below, which 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).

The results further demonstrate the presence of wide gold intersections from or near surface, as well as deeper gold potential in the sulphide mineralization (see Figure 1).

Figure 1: Akoko South Drill Holes and Assay Results

 

Table 1: Drill Hole and Assay Information

Hole ID	UTM mE	UTM mN	Elev m	Length	Azm	Incl	Intercept	From	To	Au g/t	Type	Reported
2026-013	596115	560100	117	80	90	-50	17	7	24	0.79	Oxide	11-May-26
							6	14	24	1.08	Oxide	11-May-26
2026-037	596050	560100	114	72	90	-50	4	13	17	29.53	Oxide	11-May-26
							2	13	15	57.29	Oxide	11-May-26
							6	64	70	3.15	Oxide	11-May-26
							3	66	69	6.05	Oxide	11-May-26
2026-038	596073	560100	118	84	90	-50	4	6	10	0.85	Oxide	11-May-26
2026-039	596167	560049	114	70	90	-50	2	23	25	0.46	Oxide	11-May-26
2026-007	595920	559750	115	60	90	-50	NSA					19-May-26
2026-010	595950	559800	118	70	90	-50	NSA					19-May-26
2026-011	596100	560050	118	80	90	-50	4	55	59	0.44	Oxide	19-May-26
							2	72	74	0.98	Oxide	19-May-26
2026-012	596045	560038	118	80	90	-50	NSA					19-May-26
2026-032	596170	560450	95	50	90	-50	NSA					19-May-26
2026-033	596200	560400	96	50	90	-50	3	42	45	1.84	Oxide	19-May-26
2026-034	596147	560337	102	50	90	-50	NSA					19-May-26
2026-036	596048	559878	117	76	90	-50	13	10	23	1.87	Oxide	19-May-26
							4	13	17	3.64	Oxide	19-May-26
							19	37	56	0.78	Oxide	19-May-26
2026-066	596150	560550	95	50	90	-50	NSA					19-May-26
2026-067	596166	559961	118	75	90	-50	3	26	29	0.61	Oxide	19-May-26
2026-068	595900	559961	107	75	90	-50	NSA					19-May-26
2026-001	595900	559700	115	72	90	-50	NSA					28-May-27
2026-002	595860	559695		67	90	-50	NSA					28-May-27
2026-005	595925	559650	118	54	90	-50	2	24	26	0.36	Oxide	28-May-27
							2	35	37	0.31	Oxide	28-May-27
2026-006	595990	559650	118	60	90	-50	4	2	10	0.51	Oxide	28-May-27
							4	33	37	2.07	Oxide	28-May-27
2026-008	595870	559750	115	60	90	-50	NSA					28-May-27
2026-009	595900	559800	111	50	90	-50	NSA					28-May-27
2026-044	596039	559651	116	60	90	-50	3	13	16	0.54	Oxide	28-May-27
2026-021	596025	559680	118	50	270	-50	14	16	30	1.57	Oxide	04-Jun-26
							3	19	22	3.15	Oxide	04-Jun-26
							4	26	30	2.34	Oxide	04-Jun-26
2026-040	596143	559802		48	90	-50	NSA					04-Jun-26
2026-042	596040	559700	116	60	90	-50	2	29	21	0.29	Oxide	04-Jun-26
2026-046	595995	559600	116	70	270	-50	5	5	10	1.00	Oxide	04-Jun-26
2026-051	596042	559760	117	82	90	-50	28	3	31	2.12	Oxide	04-Jun-26
							10	14	24	4.41	Oxide	04-Jun-26
							2	62	64	0.81	Sulphide	04-Jun-26
2026-078	595925	559460	97	40	90	-50	NSA					04-Jun-26
2026-079	595925	559550	115	55	90	-50	1	10	11	0.66	Oxide	04-Jun-26
2026-041	596161	559750	97	80	90	-50	NSA					15-Jun-26
2026-043	596091	559700	108	50	90	-50	23	15	38	3.42	Oxide	15-Jun-26
							1	20	21	24.01	Oxide	15-Jun-26
							2	20	22	16.06	Oxide	15-Jun-26
							15	20	35	4.74	Oxide	15-Jun-26
							2	33	35	6.30	Oxide	15-Jun-26
2026-045	596091	559651	104	40	90	-50	1	1	2	0.93	Oxide	15-Jun-26
2026-048	596048	559551	104	50	90	-50	1	3	4	1.29	Oxide	15-Jun-26
2026-047	595002	559538	79	36	90	-50	NSA					22-Jun-26
2026-036B	596069	559874	72	50	90	-50	40	26	66	0.31	Oxide	22-Jun-26
							12	42	54	0.51	Oxide	22-Jun-26
2026-069	595900	559850	65	50	90	-50	1	84	85	1.49	Sulphide	22-Jun-26
2026-085	595975	559575	63	50	90	-50	2	11	13	0.71	Oxide	22-Jun-26
2026-086	596050	559900	72	50	90	-50	44	5	49	1.61	Oxide	22-Jun-26
							27	9	36	2.42	Oxide	22-Jun-26
							7	19	26	4.71	Oxide	22-Jun-26
2026-030	592602	548056		36	270	-50	7	0	7	1.50	Oxide	08-Jul-26
							1	27	28	4.31	Oxide	08-Jul-26
2026-061	592536	548006		36	90	-50	4	32	36	6.46	Sulphide	08-Jul-26
							1	33	34	20.03	Sulphide	08-Jul-26
2026-062	592512	548045		36	90	-50	28	0	28	0.66	Oxide	08-Jul-26
							11	3	14	1.23	Oxide	08-Jul-26
2026-063A	592544	548101		54	270	-50	11	0	11	0.73	Oxide	08-Jul-26
							7	4	11	0.91	Oxide	08-Jul-26
2026-063B	592550	548101		42	90	-50	17	0	17	0.51	Oxide	08-Jul-26
2026-065	592570	548244		30	90	-50	NSA
Note: Intercepts are drilled intersections NOT true widths and calculated basis 0.25 g/t Au cutoff
NSA means 'No Significant Assay' from condemnation drilling

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:

Hamak Strategy Limited Karl Smithson, CEO and Executive Director Mike Murphy, CSO and Executive Director	[e-mail] [e-mail]
AlbR Capital Limited (Corporate Broker)	[phone]
Yellow Jersey PR Annabelle Wills	[phone]

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.

 

END