Snowden Optiro Selected for Akoko PEA
Summary by AI BETAClose X
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.
13 August 2026
Hamak Strategy Limited
("Hamak" or the "Company")
Snowden Optiro Selected for Akoko PEA
Hamak Strategy Limited (LSE: HAMA / OTCQB: HASTF), a Company combining advanced gold exploration in West Africa with a Digital Asset Treasury Management strategy, is pleased to announce that it has selected Snowden Optiro ("Snowden") as its chosen independent consultants to undertake the Preliminary Economic Assessment ("PEA") for the Akoko oxide gold project in southwest Ghana.
Highlights
· Snowden brings 35 years of extensive gold and base metals experience having completed over 14,000 technical assignments in its 35-year history
· The PEA will be NI 43-101 compliant and focus on an open-pit heap-leach mining operation of the upper oxides gold mineralization zones
· The oxide mineralization hosts over 120,000oz Au within 50m from surface, mostly within the measured and indicated resource category
· The PEA will primarily cover mining, processing, infrastructure, capital and operating estimates and financial return estimates
CEO and Executive Director Karl Smithson commented:
"We have conducted a rigorous selection process having received and reviewed several proposals from independent technical engineering groups and are delighted to have entered a partnership with Snowden Optiro as our chosen consultants for the Akoko PEA. Snowden brings a wealth of experience to assess and report a conceptual open pit mining and heap-leach processing operation of the near-surface gold oxide mineralization at Akoko.
"This marks the next step in the project development stage for Akoko and we expect the PEA findings to determine the pathway to project financing and ultimate development of the asset."
About Snowden Optiro
Snowden Optiro, and its consultants, have successfully delivered assignments similar that envisaged for the proposed Akoko PEA, including Scoping Studies, PFS and Feasibility Studies, NI 43-101 technical reporting, Competent Person Reports, technical due diligence, mine optimisation, Mineral Resource and Ore Reserve estimation, financial evaluation and project development support.
The Snowden Optiro brand brings with it:
· Extensive experience delivering integrated Scoping Studies, PEAs, Pre-Feasibility Study (PFS) and Feasibility Studies across a wide range of commodities and jurisdictions.
· A multidisciplinary team of recognised specialists in geology, mining engineering, geotechnical engineering, Mineral Resource estimation, project optimisation and technical due diligence.
· The trust of mining companies, investors, financiers, governments and regulators through the delivery of technically robust and independent advice.
Snowden Optiro has assembled a multidisciplinary team with experience across Mineral Resources, open-pit mine planning, heap-leach processing, infrastructure, environmental and social review, financial modelling, NI 43-101 reporting and senior peer review.
The findings of the Akoko PEA are expected to be delivered within three months of the project start up.
The Akoko PEA
The Akoko PEA study will focus on analysing the economic potential of an open pit gold mining operation with gold recovery via heap leach methods. The capital and operating costs as well as potential future cash flows and margins will all be evaluated and presented in a financial model.
The PEA is required to:
· Provide a limited independent review of the existing Mineral Resource Estimate (MRE)
· Establish a PEA-level open-pit development strategy for the oxide and transitional material
· Define a preliminary crushing, agglomeration and heap-leach processing concept
· Develop appropriate infrastructure, water-management, environmental and mine closure concepts
· Prepare capital and operating cost estimates using available project information and appropriate benchmark data
· Integrate the technical assumptions into a financial model
· Identify the principal technical risks, information gaps and work required to advance the Akoko Project
The estimated time frame for delivery of the PEA is three months which will include a site visit to the Akoko project area by Snowden technical consultants in early September.
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:
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Hamak Strategy Limited Karl Smithson, CEO and Executive Director Mike Murphy, CSO and Executive Director
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AlbR Capital Limited (Corporate Broker) |
+44 (0) 20 7469 0930 |
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Yellow Jersey PR Annabelle Wills |
+44 (0) 20 3004 9512
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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.
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