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Peako Limited (ASX:PKO)

ALERT: Price-sensitive ASX Announcement for PKO
Current share price for PKO : $0.011 0.005 (83.33%)+
Announcement
Release
31 Jul 2026 9:43AM
Price at Release
$0.006
Full Release
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Summary
Peako Limited's quarterly report for the period ending 30 June 2026, highlights the company's financial activities, including a net operating cash outflow of $386,000 for the quarter and $1,105,000 for the year to date. The company invested $100,000 in acquiring new tenements and generated $1,100,000 from financing activities through equity securities. Peako ended the quarter with $1,550,000 in cash and cash equivalents. Payments to related parties reached $130,000, and significant exploration activities were undertaken in the Central Arabian Gold Region in Saudi Arabia. A capital raising effort aims to gather up to $5.17 million to support acquisitions and exploration initiatives. The report underscores strategic moves to enhance Peako's mining endeavors, including acquiring multiple tenements in promising regions and appointing new strategic advisors.
Key Points
  • Peako Limited's quarterly cash flow report for the quarter ended 30 June 2026.
  • Net cash used in operating activities was $386,000 for the quarter and $1,105,000 for the year to date.
  • Investments included $100,000 for the acquisition of tenements.
  • Financing activities generated $1,100,000 due to proceeds from equity securities.
  • Cash and cash equivalents at the end of the quarter were $1,550,000.
  • Payments to directors and related entities totaled $130,000 during the quarter.
  • Peako acquired multiple tenements in the Central Arabian Gold Region, Kingdom of Saudi Arabia.
  • Exploration expenditure included $104,000 for tenement fees and consulting services.
  • A capital raising of up to $5.17 million is planned to fund acquisitions and exploration.
  • Strategic appointments and acquisitions aimed to strengthen Peako's position in the Saudi Arabian mining sector.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.