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Forgent plc provided an operational update on 08 October 2026 regarding its ongoing Phase II drilling programme at its 99%-owned Peak Hill Gold-Copper Project. The company expects to receive assay results for 56 Phase II holes (30 from Curley's and 26 from Cathedral) by 25 October 2026. The enlarged Phase II programme is expected to comprise approximately 142 holes for 9,400 metres of drilling and is on track to conclude by the end of November 2026.
8 October 2026
Forgent plc
("Forgent" or the "Company")
Peak Hill Phase II Drilling Update
Forgent plc (AIM: FORG), the Australian-focused critical and precious minerals explorer, is pleased to provide an operational update on the ongoing Phase II drilling programme at its 99%-owned Peak Hill Gold-Copper Project in Western Australia.
Based on the latest laboratory schedule, the Company expects to receive assay results for 56 Phase II holes by 25 October 2026. The results will cover all 30 Phase II holes drilled at Curley’s to date, analysed for both gold and copper, and the initial 26 holes from Cathedral, a large and previously undrilled target.
The enlarged Phase II programme is expected to comprise a total of approximately 142 holes for approximately 9,400 metres of drilling, focused principally on the Curley’s and Cathedral prospects.
At Curley’s, Phase II drilling is testing the continuity and scale of the mineralisation identified during Phase I, which included a gold intersection of 2m at 3.68g/t Au from 50m.
At Cathedral, drilling commenced on the western side of this large, previously undrilled target area, which lies between the existing Curley’s and Junction prospects. The programme is designed to test Cathedral systematically and build the Company’s first subsurface geological picture across the target.
The Company intends to review the incoming assay results alongside its evolving geological interpretation and may adapt the remainder of the Phase II programme accordingly. This could include changes to drill targeting and, where supported by the results, a further enlargement of the programme.
Phase II drilling remains on track to conclude by the end of November 2026.
Results will be reviewed by the Company’s technical team as they are received, with results announced following completion of the relevant QAQC and technical review processes.
James Parsons, Chief Executive Officer of Forgent, commented:
“We are entering an exciting phase at Peak Hill. The next assay results represent our first substantial body of Phase II data and have the potential to materially advance our understanding of the scale and continuity of the mineralised systems we are testing.
At Curley’s, we are testing the continuity and scale of the gold and copper mineralisation already identified. At Cathedral, we are getting our first systematic subsurface data from the western side of a large, previously undrilled target.
If the results validate our geological interpretation, the scale of the opportunity at Peak Hill could be substantial.”
For further information on Forgent plc, visit the Company’s website www.forgentplc.com or contact:
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: [email protected]
Forgent plc is an Australian-focused critical and precious metals exploration company focused on acquiring and advancing gold, copper and nickel assets with existing mineralisation, extensive historical datasets and clear pathways to value creation, supported by an experienced management and technical team.
The Company is strategically positioned to benefit from structural demand for copper, gold and nickel, driven by electrification, data centre investment, electric vehicle adoption and gold’s continued role as a safe-haven asset and central bank reserve holding.
Forgent’s portfolio includes Peak Hill, an advanced gold-copper exploration project; an option over Mount Sholl, a nickel-copper-PGE project with a JORC-compliant resource and significant exploration target; and Green Rocks, a copper-gold project with high-grade surface mineralisation.
LinkedIn: linkedin.com/company/forgentplc/
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.
Competent Person's Statement
The information in this announcement that relates to exploration results, mineral resources or ore reserves is based on information compiled by Mr Edward Mead, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Mead is a consultant to the Company. Mr Mead has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the `Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' (the JORC Code). Mr Mead consents to the inclusion of this information in the form and context in which it appears in this announcement.