Peako : Investor Presentation

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Investor Presentation

Unlocking the East Kimberley

April 2021

ASX:PKO

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Forward Looking Statements and Disclosures

Forward-Looking Statements

This document may contain forward-looking statements. These forward-looking statements are made as of the date of this document and Peako Limited (the Company) does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements relate to future events or future performance and reflect Company management's expectations or beliefs regarding future events and include, but onlyare not limited to, the Company's strategy, the price of Peako securities, the likelihood of exploration success including results of future geophysical surveys, drilling at the Company's projects and other exploration activities; the timing and costs of future exploration activities on the Company's exploration projects; the potential to define future mineral resources and, if successful at any of the Company's exploration projects, the potential viability of any mineral resource so defined; planned expenditures and budgets and the execution thereof; the timing and availability of drill results; potential sites for drilling, that general business and economic co ditions will not change in a materially adverse manner; the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "planning", "expects" or "does not expect", "is expected", "will", "may", "would", "potential", "budget", "scheduled", "estimates", "forecasts", "intends", "prospects" "anticipates" or "does not anticipate", "believes", "occur", "impending", "likely" or "be achieved", or variations of such words and phrases or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors may include, among others, risks related to actual results of current or planned exploration activities; changes in exploration programs based upon results of exploration; future prices of commodities; geophysical anomalies may or may not be associated with economic mineralisation; grade or

user covery rates; accidents; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, movements in the share price of Enegex and future proceeds and timing of potential sale Enegex securities, as well as those factors detailed from time to time in the Company's financial statements, all of which are filed and available for review on ASX at asx.com.au. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Competent Person and Qualifying Persons Statement

The information in this presentation that relates to Exploration Results and Historical Exploration is based on information compiled or reviewed by Dr Daryl Clark and extracts from the following ASX announcements:

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• East Kimberley Project update - 13 November 2020
• East Kimberley Exploration update - 20 August 2020
• Infill RC Sample Results - 30 January 2020
• East Kimberley Drilling Results Extend known Copper-Gold Mineralisation - 28 November 2019
• IP Geophysical Survey to Commence Shortly at Eastman - 15 August 2020

The above announcements are available to view on the Company's website at peako.com.au. The Company is not aware any new information or data that materially affects the information included in the relevant original market announcements. The Company confirms that the form and context in which the Competent Person and Qualified Person's findings are presented have not been materially modified from the relevant original market ann uncements.

Dr Clark is a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM). Dr Clark is a director of and consultant to Peako Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Dr Clark consents to the inclusion in this presentation of the matters based on information reviewed by him and in the form and context in which it appears.

Company Overview

Our Team

onlyGeoff Albers - Chairman

40+ years resources industry veteran with track record of success as an i vestor, entrepreneur and company director.

Dr Darryl Clark - Technical Director

25+ years experience as exploration geologist with previous corporate roles at Vale and BHP. Experienced at designing & delivering multi-commodity

usexploration programs and coordination of exploration teams to deliver discovery events.

Rae Clark - Executive Director

15+ years ASX resources company director. Experienced at business development, M&A and project management. Successful financing > $100M.

Dr Robina Sharpe - Chief Geoscientist

ersonalExploration geoscientist with 28+ years of research and industry experience focused on generation of new exploration opportunities in gold and base metal deposits in Australia, western Pacific, Africa, Mexico and South America.

Michael Blake - Project Geologist

Exploration geologist with 20+ years executing programs across multiple commodities and mineralisation styles including orogenic gold and epithermal low-sulphidation deposits.

ASX:PKO | peako.com.au

CASH (31/3/21)		SHARES ON ISSUE		MARKET CAP
$800k		192 million*		$6.1M
DEBT (31/3/21)		JMEI CREDITS		WA EIS GRANT
nil		$450k		$320k

		Other Top
14%		20
	41%	Other
45%	Shareholders

Directors &

Management

*+ ~30.2m unlisted options expiring 30/06/2022 @ $0.055 & 22.5m incentive options with various expiries and strike.

peako.com.au | page 3

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Flagship East Kimberley Projects

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East Kimberley Projects

Western Australia

Large & strategic 1,950 km2 tenement holding (100% owned) with potential to host tier-1 discovery.

Multiple commodities & deposit style endowment including Gold, Copper-Lead-Zincand Nickel-PGE.

$5m of historical exploration data captured by Peako including 56,000m+ of drilling and geophysical surveys.

Substantial gold presence historically detected but not consistently assayed or followed up.

80+ targets identified to date.

9 areas comprising 29 targets prioritised for testing

Cost effective exploration and rapid analysis enabled by advanced data-driven methodology.

Testing targets commencing May subsidised by $320k EIS government funding.

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Strategy

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FIRST MOVER ADVANTAGE

Dominant land holding secured in the East Kimberley and within the Halls Creek Orogen - one of the least explored ancient Proterozoic basins despite multiple indicators for potential discoveries.

LEVERAGE DATA

$5m+ of historical exploration data, modern database tools and the acquisition of Worldview-3 spectral data enables advanced understanding of regional geology and ongoing generation of new targets.

MULTI-COMMODITY FOCUS

Historical exploration confirms the presence of copper, nickel, gold, zinc, platinum and palladium. Defined targets across multiple mineralisation styles including orogenic to intrusion related gold systems, and Ni-Pt-Pd endowed ultramafic sequences.

INVESTING IN EXPLORATION

29 targets prioritised for imminent on-groundfollow-up (April). Geochemical drilling (May) to underpin drill testing in H2 2021.

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