Drill Rig Mobilised to Peak Hills Project
Forgent plc has announced the mobilisation of a drill rig to its Peak Hills gold-copper project in Western Australia, commencing a Phase 1 programme of approximately 42 aircore drill holes totalling c. 2,860 metres. This drilling, expected to take up to three weeks, aims to test high-priority targets at the Karalundi, Junction, and Curleys prospects, validating historic results and extending known mineralisation. Initial results are anticipated in early August 2026. Forgent holds a 51% interest in the 163 km² project, with an option to increase its stake to 99%.
Select text to share a quote on X · sign in to keep highlights & notes in your FORG notes
Forgent plc (AIM: FORG), the technology-led energy transition company, is pleased to announce the mobilisation of the drill rig to the Company's Peak Hills gold-copper project in Western Australia.
As previously announced, 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 drilling programme of a planned approximate 42 aircore drill holes up to a depth of 100 metres, for c. 2,860 total metres, is expected to start imminently and on schedule, and to take up to 3 weeks to complete.
The Company expects initial results to be received and reported early August 2026.
About the Peak Hills Project
For further information on Forgent plc, visit the Company's website www.forgentplc.com or contact:
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.