Business
Operational Update
Hamak Strategy Limited has provided an operational update, announcing the final due diligence on the 250,000oz Akoko gold project in Ghana is progressing well, with plans for 4,250m of reverse circulation drilling. The Nimba Joint Venture with First Au Limited has been restructured, allowing Hamak to resume 100% ownership of the Nimba gold project in Liberia for zero initial payment, having benefited from over A$600,000 in exploration expenditure by the former partner, and Hamak has received A$750,000 cash from selling its shares in First Au. Advanced discussions with a potential new partner for Nimba are ongoing, and the company is also formulating a new board and management team. Disclaimer*
About this update from Hamak Strategy Limited
[{"type":"text","content":"\n\n \n\n \nNOT 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.\n30 January 2026\nHamak Strategy Limited\n(\"Hamak\" or the \"Company\")\n \nOperational Update\nHamak Strategy Limited (LSE: HAMA / OTCQB: HASTF) a company combining traditional gold exploration in Africa with a Digital Asset Treasury Management strategy, announces an update on its gold exploration operations.\nSummary\n· Final due diligence on the 250,000oz gold Akoko project in Ghana progressing well\n· Nimba Joint Venture (JV) with First Au Limited (FAU) restructured following announcement by FAU refocusing its strategy exclusively on Western Australia\no Hamak to resume 100% of Nimba gold project in Liberia for zero initial payment, having benefitted from over A$600,000 of exploration expenditure by FAU on the project.\n· Advanced discussions with potential new partner for Nimba are ongoing\nExecutive Director Karl Smithson commented:\n\"Hamak has had a busy start to 2026 operations on multiple fronts, involving a site visit and due diligence on the Akoko project in Ghana and geochemical soil sampling on the Nimba project in Liberia. However, the decision by our JV partner FAU to withdraw from all international activities provides the opportunity for Hamak to resume 100% ownership of the highly prospective Nimba gold project, for zero cost, at a time of record gold prices, and it undoubtedly enhances our differentiated gold and bitcoin strategy.\n\"We will now restructure the Nimba project, against a backdrop of a 68% increase in the spot gold price since the creation of the FAU JV last year, whilst also actively pursuing the due diligence on the high priority Akoko gold project in Ghana, which we look forward to providing further updates on in due course.\n\"As a result of the rapid and intendend build-up of our activities, we are also formulating a new board and management team to take the business strategy forward, and will announce these changes in the near future.\" \nNimb...