# Sale of 8 Bitcoin Supports Advancing of Akoko PEA

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/sale-of-8-bitcoin-supports-advancing-of-akoko-pea--4f6d977b-8f43-4a5e-bd1f-041972bd52fe

Original source: https://www.londonstockexchange.com/news-article/HAMA/sale-of-8-bitcoin-supports-advancing-of-akoko-pea/17795371

Publisher: lse

Original announcement: 2026-09-21T05:00:10.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-21T14:15:43.849Z

Atlas analysis updated: 2026-09-21T14:15:43.849Z

- Company: Hamak Strategy Limited

- Ticker: HAMA

- Exchange: LSE

- Region: Ghana

- Primary commodity: Gold

- Secondary commodities: Bitcoin

- Document categories: Metallurgy, Other

- Extracted: 2026-09-21 14:15:44 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Hamak Strategy Limited has completed the sale of 8 Bitcoin for approximately £482,516 to fund the Preliminary Economic Assessment \(PEA\) of its Akoko Gold Project in Ghana and to retire debt. The company also noted previous metallurgical test work at Akoko showing gold recovery rates between 85-95% via bottle roll testing.

Reasoning: The company is using Bitcoin treasury proceeds to fund a key gold project milestone \(PEA\), which is a positive liquidity event for the gold exploration strategy.

- Positive factor: Liquidity generation via Bitcoin sale to fund Akoko PEA

- Positive factor: Historical gold recovery rates of 85-95% reported

- Positive factor: Technical consultancy engagement by Snowden Optiro

- Negative factor: Bitcoin volatility risk noted in disclaimer

Facts used in scoring: 1

## Classification and evidence

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: The project is described as an open-pit, heap-leach gold mining operation.

Evidence · text

> open-pit, heap-leach gold mining operation

**Heap Leach Route**

Polarity: neutral

Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: the document describes a heap\_leach route \("heap leach"\)

**Single Domain Only**

Polarity: negative

Definition: Testing limited to one composite or domain — representativeness not established.

Why it applies: only one composite was tested

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Metallurgical Results (1)

### bottle roll

[Link to this fact](https://atlas-staging.minestarters.com/news/sale-of-8-bitcoin-supports-advancing-of-akoko-pea--4f6d977b-8f43-4a5e-bd1f-041972bd52fe#fact-metallurgical-facts-0)

Akoko Gold Project · gold

#### Identity

- Project: Akoko Gold Project
- Commodity: gold
- Region: ghana
- Reported Region: Ghana
- Ticker: HAMA

#### Test Work

- Test Type: bottle roll
- Sample: fine bottle roll test work

#### Recovery

- Recovery: 90 %
- Recovery Basis: actual\_test

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: Reported recovery of 85-95% is strong for bottle roll testing, though it is noted as previous work.

- Positive factor: High recovery range reported

Evidence · text

> Previous metallurgical test work on fine bottle roll test work returned between 85-95% gold recovery rates.

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.