REG - FORGENT PLC - Drilling Approvals Received for Peak Hills

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Mon 07:00

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RNS Number : 3076G  FORGENT PLC  01 June 2026

1 June 2026

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

Drilling Approvals Received for Peak Hills

 Summer Gold-Copper Drilling Campaign to Commence Shortly

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:

ENQUIRIES

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: forgent@camarco.co.uk

 

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.

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