# PKO: Peako Completes Acquisition of High-Grade KSA Gold Portfolio Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/pko-peako-completes-acquisition-of-high-grade-ksa-gold-portfolio--639fca01-bcc7-4630-8e2d-8c73dd99b786 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03143283 Publisher: asx Original announcement: 2026-09-23T23:54:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-24T00:15:34.165Z Atlas analysis updated: 2026-09-24T00:15:34.165Z - Company: Peako Limited - Ticker: PKO - Exchange: ASX - Region: Kingdom of Saudi Arabia - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Drill results, Agreement transaction - Extracted: 2026-09-24 00:15:34 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Peako Limited has completed the 100% acquisition of six gold exploration projects in Saudi Arabia's Central Arabian Gold Region. The portfolio includes several high-grade targets identified through recent surface sampling, with maiden drilling scheduled to commence in October 2026. Reasoning: The company has completed a major acquisition of a large-scale gold portfolio in a tier-1 region, supported by high-grade surface reconnaissance and an imminent maiden drilling program. - Positive factor: Completion of 100% acquisition of six gold projects - Positive factor: High-grade surface sampling \(up to 41.5 g/t Au\) - Positive factor: Proximity to multi-million-ounce deposits - Positive factor: Maiden drilling program scheduled for October 2026 - Positive factor: Experienced leadership team with KSA expertise - Negative factor: Most high-grade intercepts are from surface rock chips/grab samples rather than drill core - Negative factor: Historical drilling in some areas was wide-spaced or poorly oriented Facts used in scoring: 9 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The announcement mentions a Competent Person \(Dr Paul Kitto\) and refers to historical exploration results. Evidence · text > based on information compiled or reviewed by Dr Paul Kitto who is a member of the Australian Institute of Geoscientists **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: Rock chips at Wadi Jarir returned 41.5 g/t Au, which is exceptionally high. Evidence · text > rock chips to 41.5 g/t Au **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The company highlights its proximity to the ~2Moz Sukhaybarat deposit and ~3.4Moz Bulgah deposit. Evidence · text > immediately adjacent to ~2Moz Sukhaybarat deposit and mine ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Drill Results (6) ### Redhill SE [Link to this fact](https://atlas-staging.minestarters.com/news/pko-peako-completes-acquisition-of-high-grade-ksa-gold-portfolio--639fca01-bcc7-4630-8e2d-8c73dd99b786#fact-drill-facts-0) Sukhaybarat South · gold #### Identity - Hole ID: Redhill SE - Project: Sukhaybarat South - Commodity: gold - Region: kingdom of saudi arabia - Reported Region: kingdom of saudi arabia - Ticker: PKO #### Geometry - Grade: 11.3 - Grade Unit: g/t - Intercept: 4 m #### Classification - Sample Type: drill #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: High-grade historical RC intercept. - Positive factor: High-grade intercept - Negative factor: Historical intercept Evidence · text > 4m @ 11.3 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Redhill SE [Link to this fact](https://atlas-staging.minestarters.com/news/pko-peako-completes-acquisition-of-high-grade-ksa-gold-portfolio--639fca01-bcc7-4630-8e2d-8c73dd99b786#fact-drill-facts-1) Sukhaybarat South · gold #### Identity - Hole ID: Redhill SE - Project: Sukhaybarat South - Commodity: gold - Region: kingdom of saudi arabia - Reported Region: kingdom of saudi arabia - Ticker: PKO #### Geometry - Grade: 5.5 - Grade Unit: g/t - Intercept: 5 m #### Classification - Sample Type: drill #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: High-grade historical RC intercept. - Positive factor: High-grade intercept - Negative factor: Historical intercept Evidence · text > 5m @ 5.5 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Wadi Jarir [Link to this fact](https://atlas-staging.minestarters.com/news/pko-peako-completes-acquisition-of-high-grade-ksa-gold-portfolio--639fca01-bcc7-4630-8e2d-8c73dd99b786#fact-drill-facts-2) outcropping vein and breccia · gold #### Identity - Hole ID: Wadi Jarir - Project: outcropping vein and breccia - Commodity: gold - Region: kingdom of saudi arabia - Reported Region: kingdom of saudi arabia - Ticker: PKO #### Geometry - Grade: 13.5 - Grade Unit: g/t - Intercept: 2 m - From: 38 m - To: 40 m - Intercept Depth: 38 m #### Classification - Sample Type: drill - Group ID: Wadi Jarir:38-40 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: High-grade historical intercept. - Positive factor: High-grade intercept Evidence · text > 2m @ 13.5 g/t Au from 38m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Wadi Jarir [Link to this fact](https://atlas-staging.minestarters.com/news/pko-peako-completes-acquisition-of-high-grade-ksa-gold-portfolio--639fca01-bcc7-4630-8e2d-8c73dd99b786#fact-drill-facts-3) outcropping vein and breccia · gold #### Identity - Hole ID: Wadi Jarir - Project: outcropping vein and breccia - Commodity: gold - Region: kingdom of saudi arabia - Reported Region: kingdom of saudi arabia - Ticker: PKO #### Geometry - Grade: 25.9 - Grade Unit: g/t - Intercept: 1 m #### Classification - Sample Type: drill #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Very high grade sub-interval. - Positive factor: Bonanza Intercept Evidence · text > 1m @ 25.9 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Jabal Jumaymah [Link to this fact](https://atlas-staging.minestarters.com/news/pko-peako-completes-acquisition-of-high-grade-ksa-gold-portfolio--639fca01-bcc7-4630-8e2d-8c73dd99b786#fact-drill-facts-4) Jabal Jumaymah · gold #### Identity - Hole ID: Jabal Jumaymah - Project: Jabal Jumaymah - Commodity: gold - Region: kingdom of saudi arabia - Reported Region: kingdom of saudi arabia - Ticker: PKO #### Geometry - Grade: 10.12 - Grade Unit: g/t - Intercept: 7 m - From: 18 m - To: 25 m - Intercept Depth: 18 m #### Classification - Sample Type: drill - Group ID: Jabal Jumaymah:18-25 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: High-grade historical scout drill intercept. - Positive factor: High-grade intercept - Negative factor: Historical intercept Evidence · text > 7m @ 10.12 g/t Au from 18m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Jabal Jumaymah [Link to this fact](https://atlas-staging.minestarters.com/news/pko-peako-completes-acquisition-of-high-grade-ksa-gold-portfolio--639fca01-bcc7-4630-8e2d-8c73dd99b786#fact-drill-facts-5) Jabal Jumaymah · gold #### Identity - Hole ID: Jabal Jumaymah - Project: Jabal Jumaymah - Commodity: gold - Region: kingdom of saudi arabia - Reported Region: kingdom of saudi arabia - Ticker: PKO #### Geometry - Grade: 5.44 - Grade Unit: g/t - Intercept: 7 m - From: 10 m - To: 17 m - Intercept Depth: 10 m #### Classification - Sample Type: drill - Group ID: Jabal Jumaymah:10-17 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: High-grade historical scout drill intercept. - Positive factor: High-grade intercept - Negative factor: Historical intercept Evidence · text > 7m @ 5.44 g/t Au from 10m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.