Hamak Strategy Limited (LSE:HAMA) has announced additional high-grade reverse circulation drilling results from its Akoko oxide gold project in southwest Ghana, highlighting continued progress across its exploration programme. Among the latest results, the Akoko North prospect delivered an intercept of 3.42 grams per tonne gold over 23 metres from a depth of 15 metres, reinforcing the prospectivity of the emerging gold system.
The company has now completed its drilling campaign at Akoko North, where 39 holes covering 2,280 metres confirmed the eastern extension of mineralisation. Following the completion of that work, the drilling rig has been moved to the Akoko South prospect, where a further 36-hole programme totalling 1,940 metres is planned as Hamak continues to expand and define its West African gold assets.
The latest results support management’s view that the Akoko project continues to demonstrate exploration upside, with ongoing drilling aimed at extending known mineralised zones and identifying additional resource potential across the licence area.
Gold Exploration Combined with Bitcoin Treasury Exposure
Alongside its mineral exploration activities, Hamak maintains a treasury policy that includes holdings of Bitcoin. The company noted that Bitcoin is not regulated by the UK Financial Conduct Authority and is subject to significant volatility, liquidity and operational risks.
As a result, investors in Hamak gain exposure to two distinct asset classes: early-stage gold exploration in Ghana and cryptoassets. This dual strategy may appeal to investors seeking diversified exposure to both commodities and digital assets, although it also introduces additional risk factors that could influence overall shareholder returns.
Financial and Market Considerations
The company’s investment profile remains shaped by its status as a pre-revenue explorer. Hamak continues to report losses and ongoing cash requirements associated with advancing its exploration activities, while higher leverage levels recorded in 2025 have increased funding considerations.
From a market perspective, technical indicators remain subdued, with the shares trading below key moving averages and a negative MACD signal. Valuation metrics also remain limited due to the company’s loss-making position and the absence of a dividend programme.
More About Hamak Strategy Limited
Hamak Strategy Limited is a UK-listed exploration company focused on developing gold assets in Africa. In addition to its mineral exploration activities, the company operates a digital asset treasury strategy that includes Bitcoin holdings, providing shareholders with exposure to both precious metals exploration and the potential opportunities and risks associated with cryptoassets.
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