Peak Hills Project Operational Update

In brief · summary, not quotable

Forgent plc announced that its Peak Hills gold-copper drill programme in Western Australia is scheduled to commence the week of June 21, 2026, following Programme of Work approval. The aircore drilling campaign will involve approximately 42 holes for 2,860 metres across seven high-priority target areas, aiming to validate historic mineralisation and test extensions. Initial results are expected in early August 2026, marking Forgent's first active drilling campaign under its Australian critical and precious metals strategy.

Full announcement

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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

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

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