# U$4.5m \(£3.4m\) divestment of Nimba Gold Project

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/u-4-5m-3-4m-divestment-of-nimba-gold-project--cb6314c2-a021-4e4e-8a61-53b1ddf25065

Original source: https://www.londonstockexchange.com/news-article/HAMA/u-4-5m-3-4m-divestment-of-nimba-gold-project/17825409

Publisher: lse

Original announcement: 2026-10-08T05:00:02.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-08T08:09:29.259Z

Atlas analysis updated: 2026-10-08T08:09:29.259Z

- Company: Hamak Strategy Limited

- Ticker: HAMA

- Exchange: LSE

- Region: Liberia

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Agreement transaction, Drill results

- Extracted: 2026-10-08 08:09:30 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Hamak Strategy Limited has entered a binding agreement to divest its Nimba Gold Project in Liberia to BMMC \(a subsidiary of Avesoro\). The deal includes up to US$2 million in milestone payments and a 2% gross production royalty, allowing Hamak to focus on the Akoko gold project in Ghana.

Reasoning: The divestment of the Nimba project to a major local producer provides cash/milestone potential while de-risking exploration costs, allowing the company to focus on its Akoko PEA.

- Positive factor: Divestment provides immediate strategic focus on Akoko project

- Positive factor: Retained upside via milestone payments and 2% gross production royalty

- Positive factor: Transfer of exploration funding/risk to BMMC/Avesoro

- Positive factor: High-grade drill intercept mentioned as project strength

- Negative factor: Relinquishment of direct control over Nimba licences

Facts used in scoring: 1

## Classification and evidence

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The document mentions a high-grade intercept as part of the discovery context.

Evidence · text

> best drill intercept of 20m at 7g/t Au near surface

## Extracted facts

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

## Drill Results (1)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/u-4-5m-3-4m-divestment-of-nimba-gold-project--cb6314c2-a021-4e4e-8a61-53b1ddf25065#fact-drill-facts-0)

Nimba · gold

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Nimba
- Commodity: gold
- Region: liberia
- Reported Region: liberia
- Ticker: HAMA

#### Geometry

- Grade: 7
- Grade Unit: g/t
- Intercept: 20 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Mining Method: unknown

#### Location

- Location: near surface
- Loc. Source: document

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-08T00:00:00.000Z

Reasoning: 20m at 7g/t Au is a strong intercept for a gold discovery.

- Positive factor: High-grade intercept

Evidence · text

> best drill intercept of 20m at 7g/t Au near surface

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

## 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.