Drill Rig Mobilised to Peak Hills Project

Summary by AI ^BETAClose X

Forgent plc has announced the mobilisation of a drill rig to its Peak Hills gold-copper project in Western Australia, commencing a Phase 1 programme of approximately 42 aircore drill holes totalling c. 2,860 metres. This drilling, expected to take up to three weeks, aims to test high-priority targets at the Karalundi, Junction, and Curleys prospects, validating historic results and extending known mineralisation. Initial results are anticipated in early August 2026. Forgent holds a 51% interest in the 163 km² project, with an option to increase its stake to 99%.

Disclaimer*

Forgent PLC

19 June 2026

Forgent plc
("Forgent" or the "Company")

Drill Rig Mobilised to Peak Hills Gold-Copper Project

Forgent plc (AIM: FORG), the technology-led energy transition company, is pleased to announce the mobilisation of the drill rig to the Company's Peak Hills gold-copper project in Western Australia.

As previously announced, the initial Phase 1 programme has been designed to test multiple high-priority targets across the Karalundi, Junction and Curleys prospects using low-cost aircore drilling. The programme will focus on validating historic exploration results, extending known mineralisation and identifying additional mineralised zones across the broader project area.

The drilling programme of a planned approximate 42 aircore drill holes up to a depth of 100 metres, for c. 2,860 total metres, is expected to start imminently and on schedule, and to take up to 3 weeks to complete.

The Company expects initial results to be received and reported early August 2026.

About the Peak Hills Project

The Peak Hills project is a large-scale gold and copper exploration project covering approximately 163 km² across five granted tenements in Western Australia. Forgent currently holds a 51% interest in the project with the option to increase ownership to 99%.

For further information on Forgent plc, visit the Company's website www.forgentplc.com or contact:

ENQUIRIES

FORGENT plc
James Parsons
c/o Camarco

Strand Hanson - Nomad & Financial Adviser
James Harris / Richard Johnson
Tel: +44 20 7409 3494

Global Investment Strategy UK Ltd - Broker
Christopher Kipling / Samantha Esqulant
Tel: +44 20 7048 9045

Camarco - Financial PR
Billy Clegg / Georgia Edmonds / Fergus Young
Tel: 0203 757 4980
Email: forgent@camarco.co.uk

This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended, and is disclosed in accordance with the Company's obligations under Article 17 of that Regulation.

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