Hamak Strategy Advances Akoko Gold Acquisition After Completing Due Diligence

Hamak Gold Limited ( (GB:HAMA) ) has issued an announcement.

Hamak Strategy Limited has completed due diligence on the Akoko Gold Project in Ghana’s prolific Ashanti belt and will move immediately toward finalising its acquisition, securing an option over a near-surface oxide resource that it believes could support a low-cost heap-leach mine. The project currently hosts a non-JORC inferred and indicated resource of about 252,659 ounces at 0.58 grams per tonne, with Hamak planning 4,250 metres of reverse circulation drilling and metallurgical testwork to upgrade the resource to JORC standards and assess recoveries.

An independent Preliminary Economic Assessment is planned to evaluate capital and operating costs, production and revenue potential, with all work targeted for completion before the end of 2026, after which Hamak will decide whether to exercise its exclusive option to acquire Akoko at an implied cost of roughly US$10 per ounce. Management presents the project as a low-cost growth opportunity in a record gold price environment that could enhance the company’s asset base and create value for shareholders if economic viability is confirmed.

The most recent analyst rating on (GB:HAMA) stock is a Hold with a £1.00 price target. To see the full list of analyst forecasts on Hamak Gold Limited stock, see the GB:HAMA Stock Forecast page.

Spark’s Take on GB:HAMA Stock

According to Spark, TipRanks’ AI Analyst, GB:HAMA is a Neutral.

The score is primarily held back by weak financial performance (no revenue, ongoing losses, and negative cash flow), with only partial offset from a currently improved near-term technical setup. Valuation signals are also constrained by a negative P/E and the absence of a dividend yield.

To see Spark’s full report on GB:HAMA stock, click here.

More about Hamak Gold Limited

Hamak Strategy Limited is a UK-listed company focused on gold exploration in Africa, combining traditional mineral exploration with a digital asset treasury strategy that includes holding part of its reserves in Bitcoin and other cryptoassets. The group’s dual focus exposes shareholders to both the gold exploration sector and the volatility and regulatory risks associated with cryptoasset holdings.

Average Trading Volume: 2,901,164

Technical Sentiment Signal: Sell

Current Market Cap: £4.52M

See more insights into HAMA stock on TipRanks’ Stock Analysis page.