Peel Mining, exploring for base metals in the Cobar region of New South Wales, has been classified as a Phase I company and rated ‘4’ on the five point PortfolioDirect rating scale where a ‘5’ is the highest rating on the risk adjusted quality measure. The PortfolioDirect rating was initiated in a 3 October 2014 review and reiterated on 10 April and 19 June 2015. The company has above average scores on all the quality criteria. Recently reported exploration results highlighting the prospectivity of the location in which the company is operating have produced strong leads for future drilling. The risk measure is in the mid range. Offsetting the lowered funding risk as a result of the exploration success will be heightened market expectations. Investors face some near term risk of a reversion to lower prices but the exploration outcomes are suggestive of future drilling results that will further validate expectations about the areas in which the company is engaged.