Drilling Approvals Received for Peak Hills

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Forgent plc has received approval from the Department of Mines, Petroleum and Exploration for its maiden drilling campaign at the Peak Hills gold-copper project in Western Australia, marking a significant operational milestone. The initial Phase 1 programme will involve approximately 35 aircore holes for 2,300 metres, with an estimated cost of A$200,000, aiming to test multiple high-priority targets across the Karalundi, Junction, and Curleys prospects. The approved Programmes of Work permit up to 750 aircore holes, with no hole exceeding 100 metres in depth, providing flexibility for future exploration. Drilling is expected to commence this Summer.

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Forgent plc (AIM: FORG), the technology-led energy transition company, is pleased to announce that the Department of Mines, Petroleum and Exploration ("DMPE") has approved the Programmes of Work ("PoW") for the Company's maiden drilling campaign at its Peak Hills gold-copper project in Western Australia.

The approvals represent a major operational milestone as Forgent transitions from project evaluation to active field exploration. The Company believes Peak Hills offers a compelling opportunity to unlock value through the combination of shallow mineralisation targets, encouraging historic gold and copper results, and close proximity to existing regional processing infrastructure.

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 approved PoW permits provide for drilling of up to 750 aircore holes across the project area, providing significant flexibility for future exploration success. It is estimated that no hole will be deeper than 100 metres in this phase. The Company's initial campaign is expected to comprise approximately 35 holes for approximately 2,300 metres of drilling at an estimated cost of approximately A$200,000.

James Parsons, CEO of Forgent plc, commented: "Peak Hills represents exactly the type of opportunity Forgent is seeking to advance: a large-scale project with encouraging historic results, low-cost exploration opportunities and existing nearby infrastructure. The receipt of these approvals allows us to move from planning into execution, with drilling expected to commence this Summer."

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

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