**Summary**
Hamak Gold Limited (LSEHAMA) announced an update on its Nimba Joint Venture with ASX-listed First Au Limited (FAU) in Liberia. Key highlights include
1. **Stage 1 Completion**FAU paid A$250,000 and issued 100 million shares (valued at A$500,000) to Hamak Gold for a 35% interest in the Nimba project.
2. **Drilling Progress**A 3,000-meter drilling program is underway at Nimba, with 520 meters already completed across two holes.
3. **Funding**FAU will fund the ongoing drilling and exploration, preserving Hamak Gold’s cash for its digital asset treasury management strategy.
4. **Strategic Focus**Hamak Gold aims to continue its dual strategy of gold exploration and Bitcoin/crypto treasury management, with plans to assess additional gold projects.
Executive Chairman Nick Thurlow emphasized the joint venture’s progress, the strengthening of Hamak Gold’s balance sheet, and the potential accretive value of FAU shares if the exploration succeeds. The company remains committed to its unique approach of combining traditional gold exploration with digital asset management.
*NoteThe announcement includes restrictions on distribution in certain jurisdictions, including Australia, Canada, Japan, South Africa, and the United States.*