• Acquired six gold exploration projects in Saudi Arabia covering 862km²
• Projects located near major gold mines with high-grade intercepts
• Commenced mapping and rock-chip sampling programs
• Raised $5.17 million through a capital raising
• Appointed Strategic Adviser with Saudi Arabia experience

Peako Limited, an ASX-listed mineral exploration company, has announced the acquisition of a portfolio of gold exploration projects in the Kingdom of Saudi Arabia (KSA). The projects cover approximately 862km² in the Central Arabian Gold Region, with all projects located within 65km of major gold mines. The acquisition includes three priority prospects with significant high-grade intercepts. Geological mapping and rock-chip sampling programs have been initiated, with assays pending. A capital raising of up to $5.17 million was completed to fund the acquisition and exploration activities. Johan van Vuuren has been appointed as Strategic Adviser, bringing extensive experience in Saudi Arabia's mining sector.

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Peako expects to commence RC drilling in September to test high-priority targets, generating a robust pipeline of catalyst events.