Hamak Gold’s strategy is to explore and develop its highly prospective gold licences efficiently and safely using the skills of its internationally experienced and in-country technical teams.

Following the completion of a positive Competent Person’s Report (CPR) and related site visits in 2021, fieldwork began with a focus on certain areas that are or have been subject to intensive artisanal gold mining within the Gozohn and Nimba licences. Hamak Gold has adopted a phased approach and undertaken systematic geochemical (stream and soil) sampling and trenching programmes within the two licences with the aim of building up sufficient geological information to undertake more detailed exploration work, including drilling, to define a significant resource estimate, in line with standard industry practice, in the shortest possible time frame.

Liberia has a long history of artisanal gold mining from principally alluvial deposits but also, more recently, from eluvial and bedrock primary sources.  It is also an emerging gold producing country that has attracted significant exploration interest and expenditure over the last 10 years. Its annual gold production has increased from 10,500 oz in 2007 to 250,300 oz today.

The long-term strategic objectives for Hamak Gold include being a best-in-class, regionally competitive gold exploration and mining business and an industry leader in terms of health and safety, ESG, operational efficiency and asset quality. The Directors seek to achieve these aims through safe and sustainable operations, with a view to ensuring that, subject to successfully discovering commercially viable and extractable deposits, Hamak Gold will be in an optimal position to create value and generate returns for Shareholders and benefit local communities.