Peako Limited announced that final assay results from a selection of rock chips sampled at the Eastman PGE Project significantly increase total Platinum Group Element (PGE) values for those samples. The samples were collected during mapping traverses across three prospects: The Gap, Louisa and Grand Central. The best rock-chip results were returned from the Louisa Prospect where all five samples returning PGE+Au results greater than 1g/t. Highest assay results from each of the prospects were 3.49g/t PGE+Au at Grand Central, 2.17g/t PGE+Au at Louisa, and 1.17g/t PGE+Au at The Gap.

Nine rock chip samples were analysed using the nickel sulphide (NiS) fire assay method which allows for the analysis of all PGEs (Platinum, Palladium, Rhodium, Iridium, Ruthenium and Osmium) as well as gold. The samples were initially analysed using Aqua Regia and lead collection fire assay methods to provide values for a large suite of elements (53 elements), but were unable to analyse for the less abundant PGEs (Rhodium, Iridium, Osmium and Ruthenium). The NiS fire assay method however allows for the detection of all PGEs, thus allowing the Company to present a total PGE+Au analysis for the first time, and therefore give a complete evaluation of individual PGE values for the project.