Peako Investment Report

Overview

Peako Limited (ASX: PKO) is an Australian junior explorer undergoing a major strategic reset through the proposed acquisition of a drill-ready Saudi Arabian gold portfolio spanning six projects across 862 km² in the Central Arabian Gold Region. The shift materially changes the company’s centre of gravity from a more niche East Kimberley PGE optionality story into a broader, more marketable gold exploration platform with multiple near-term catalysts.

What makes the story more interesting in 2026 is that Peako is not asking the market to fund a purely conceptual frontier idea. The proposed Saudi portfolio already includes several priority targets near operating mines, historical high-grade drilling and rock chip results, and a funded first-pass work program designed to move into drilling once completion and approvals are in place.

At the same time, Peako retains its East Kimberley and Eastman assets in Western Australia, which provide secondary exploration optionality outside Saudi Arabia. That retained asset base improves the overall corporate setup and reduces the risk of the company becoming a pure one-theme story.

Recent Updates:

• Transformational Saudi acquisition: Peako has announced the proposed acquisition of a 100% interest in a six-project Saudi Arabian gold portfolio covering 862 km², providing a district-scale platform in an emerging mining jurisdiction
• Drill-ready target base: Priority prospects at Sukhaybarat South, Jabal Jumaymah and Wadi Jarir already host historical high-grade drilling and surface results, giving the company near-term discovery leverage rather than only conceptual upside.
• High-grade historical support: Key historical results include 4m @ 11.32 g/t Au and 5m @ 5.6 g/t Au at Sukhaybarat South, 7m @ 10.12 g/t Au and rock chips up to 41 g/t Au at Jabal Jumaymah, and 26m @ 0.70 g/t Au including 2m @ 13.53 g/t Au at Wadi Jarir.

Share Price: 0.0050