Peako Limited Reports Earnings Results for the Half Year Ended December 31, 2022

Peako Limited is an Australia-based mineral exploration company. The Company is engaged in advancing the exploration for and development of natural resources, including gold, copper, zinc, nickel and rare earths. The Company is focused on its flagship Eastman platinum group element (PGE) Project, which is located in the Halls Creek Orogen near the southern margin of the Kimberley Basin in Western Australia. The Eastman Intrusion is interpreted to extend along the strike for approximately 16.5 kilometers (km), which is divided into an Eastern and Western zone by a granite intrusion. The Eastern Zone extends for over 9.4 km with 2.5 km under cover and the Western zone for 7.1km, mostly under cover. Its advanced PGE prospect is the Brumby Prospect located in the eastern zone of the Eastman PGE Intrusive Complex. The Company’s Minneroo Pool Lithium Project is located on E80/5703 on which it has an exploration license application.