Peako Defers Director Pay as Exploration Costs Mount in East Kimberley
Peako Limited has intensified its exploration efforts in the East Kimberley region, targeting multiple mineral commodities while implementing prudent cash flow measures including director remuneration deferrals.
- Expanded geological reviews and multi-element sampling in East Kimberley
- Focus on precious, base, and critical metals including gold, PGE, and rare earths
- Cash and equivalents at $1.057 million with net operating cash outflow of $360,000
- Director remuneration deferred and executive role transitioned to non-executive
- Ongoing business development discussions with no finalized deals
Exploration Focus in East Kimberley
Peako Limited (ASX, PKO) has provided an update on its exploration activities for the six months ending December 2025, concentrating on its tenements in the East Kimberley region of Western Australia. Situated within the Halls Creek Orogen, a mineral-rich and structurally complex province, Peako’s holdings cover geological units prospective for a range of commodities including gold, silver, platinum group elements (PGE), base metals such as copper and nickel, and critical metals like rare earth elements (REE), tantalum, hafnium, and gallium.
The company has expanded its desktop geological reviews, particularly over the Wirana and Eastman tenements, consolidating historical geochemical data and refining targets for multi-commodity mineralisation. A satellite spectral sampling program is planned to commence once seasonal conditions allow, aiming to integrate new geochemical insights with detailed mapping and tectono-stratigraphic studies. This systematic approach reflects Peako’s strategy to unlock value from diverse mineralisation styles ranging from shear-hosted gold to intrusion-related base metals and ultramafic-hosted PGE systems.
Rare Earths and Strategic Metals Potential
In addition to precious and base metals, Peako is assessing opportunities related to rare earth elements through its Brockman Rare-Earths Project, held under application E80/5706. This project lies adjacent to Hastings Rare Metals’ large rare-earth resource, which contains significant quantities of heavy rare earth oxides (HREO) and critical metals such as tantalum, hafnium, and gallium. The proximity to an established resource highlights the potential strategic value of Peako’s tenement in this emerging sector.
Corporate and Financial Management
On the corporate front, Peako has taken steps to manage its cash flow prudently amid ongoing exploration expenditures. Directors have agreed to defer remuneration payments, and Dr Louis Bucci has transitioned from an executive technical director role to a non-executive director capacity. These measures aim to align the company’s cost base with current priorities while maintaining strong governance and technical oversight.
Financially, Peako reported cash and cash equivalents of AUD 1.057 million at the end of the quarter, with net cash used in operating activities amounting to AUD 360,000. The company holds 100% interests in its key tenements and has not acquired or disposed of any tenements during the quarter. Business development discussions continue both domestically and internationally, although no binding agreements have been reached to date.
Looking Ahead
Peako’s methodical approach to exploration, combining historical data with modern geochemical and spectral techniques, positions it well to advance its multi-commodity prospects in a highly prospective but under-explored region. The company’s focus on cash flow discipline and governance adjustments signals a cautious but committed stance as it seeks to unlock shareholder value through both exploration success and potential strategic partnerships.
Bottom Line?
Peako’s next moves in exploration results and corporate deals will be critical to sustaining momentum amid tight cash management.
Questions in the middle?
- When will Peako release results from its upcoming satellite spectral and geochemical sampling programs?
- What progress is being made in the ongoing business development discussions, and could they lead to joint ventures or asset sales?
- How will Peako balance exploration ambitions with cash flow constraints in the coming quarters?
