Drilling Programme Completed at Peak Hills Project

Summary by AI ^BETAClose X

Forgent plc has completed its Phase 1 drilling programme at the Peak Hills gold-copper project in Western Australia, which comprised 40 drill holes totalling approximately 2,680 metres. The programme utilized aircore and reverse circulation drilling techniques to test multiple high-priority targets and validate historic exploration results. A total of 1,587 samples have been submitted for assay, and the company will provide an update upon receiving and interpreting the results. Forgent holds a 51% interest in the 163 km² project, with an option to increase its ownership to 99%.

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Forgent PLC

07 July 2026

7 July 2026

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

Drilling Programme Completed at Peak Hills Gold-Copper Project

Forgent plc (AIM: FORG), the technology-led energy transition company, is pleased to announce that it has successfully completed the Phase 1 drilling programme at the Company's Peak Hills gold-copper project in Western Australia.

As previously announced, the Phase 1 programme was designed to test multiple high-priority targets across the Karalundi, Junction and Curleys prospects. The programme has focused on validation of historic exploration results, extension of known mineralisation and evaluation of additional mineralised zones across the broader project area, to advance the Company's understanding of the gold-copper potential at Peak Hills.

The programme comprised 40 drill holes for a total of approximately 2,680 metres, with drill depths of up to 100 metres. A combination of aircore ("AC") and reverse circulation ("RC") drilling techniques was utilised, with RC drilling employed where hard ground conditions prevented effective aircore drilling. 1,587 samples, a combination of 3m composite and single metre samples from the drilling programme have been submitted to a Perth-based independent laboratory for assay. The Company will provide a further update once assay results have been received and interpreted.

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

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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