Peak Hills Project Operational Update

FORGENT PLC

05 June 2026

 

05 June 2026

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

Peak Hills Drilling Scheduled to commence within two weeks

Forgent plc (AIM: FORG), the technology-led energy transition company, is pleased to provide an operational update on its Peak Hills gold-copper drill programme in Western Australia following the recent approval of the Programme of Work ("PoW").

Highlights

·    Final Phase 1 drill programme planning substantially complete

·    Aircore drilling campaign is scheduled to commence the week commencing 21 June 2026, with operations expected to run for approximately three weeks

·    Total planned programme has increased to approximately 42 drill holes to a maximum depth of 100 metres, covering 2,860 metres of drilling

·    Seven high-priority target areas have been selected across the Karalundi, Junction and Curley's prospects

·    Programme designed to validate historic gold and copper mineralisation and test the potential extensions in multiple directions, advancing understanding of these promising prospects

·    Initial results expected to be received and reported early August 2026

·    Peak Hills represents the first active drilling campaign undertaken by Forgent as part of its Australian critical and precious metals strategy

James Parsons, CEO of Forgent plc, commented:

"With the permitting and drilling programme planning now complete, we are delighted to be moving at pace, with drilling scheduled to start within two weeks, reflecting the supportive regulatory framework.  The programme is primarily targeting seven priority areas associated with some of the most encouraging historic gold and copper results across the project. As the Company's first drilling campaign, Peak Hills represents an important milestone in our journey."

Following receipt of PoW approval, the Company has completed detailed drill planning and target prioritisation. The final programme comprises approximately 42 aircore drill holes for approximately 2,860 metres of drilling across seven priority target areas identified through the review and reinterpretation of historic exploration data.

The programme has been designed to verify anomalous historic gold and copper results, improve geological understanding and test potential extensions to mineralisation in multiple directions. The selected targets include two target areas at Karalundi, four at Junction and one at Curley's.

Drilling is expected to commence on or around 21 June 2026 and continue for approximately three weeks, subject to operational and weather conditions. Samples will be submitted for laboratory analysis on completion of drilling, with assay results expected during 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: [phone]

Global Investment Strategy UK Ltd - Broker
Christopher Kipling / Samantha Esqulant
Tel: [phone]

Camarco - Financial PR
Billy Clegg / Georgia Edmonds / Fergus Young
Tel: [phone]
Email: [e-mail]

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.

 

END