Announcement • Jun 05
Forgent plc Schedules Commencement of Peak Hills Gold-Copper Drill Programme in Western Australia Forgent plc provided an operational update on its Peak Hills gold-copper drill programme in Western Australia following the recent approval of the Programme of Work. Final Phase 1 drill programme planning was 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 is designed to validate historic gold and copper mineralisation and test the potential extensions in multiple directions, advancing understanding of these promising prospects. Initial results are 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. 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. The Peak Hills project is a large-scale gold and copper exploration project covering approximately 163 km² across five granted tenements in Western Australia. Forgent currently holds a 51% interest in the project with the option to increase ownership to 99%. Announcement • May 20
Forgent plc (AIM:FORG) completed the acquisition of 51% stake in Peak Hill Metals Pty Ltd. Forgent plc (AIM:FORG) agreed to acquire 51% stake in Peak Hill Metals Pty Ltd. for $1.7 million on January 29, 2026. The consideration payable for the 51% is $1,180,672 which will be satisfied through $206,060 in cash and $974,611 through the issue of 4,808,080,933 new ordinary shares in the Company at the Placing price. The net proceeds of £1.3 million($1.8 million) Placing will be used to fund the cash consideration for the acquisition of Peak Hills, support evaluation and due diligence activities of other new assets under negotiation, continue to fund the running costs of the gasification business and provide general working capital during current turbulent markets.
The exercise of the option and the issue of the new shares is conditional on approval by shareholders of the renewal of share allotment authorities at an Extraordinary General Meeting of EGM shareholders notice for which will be issued by the Company shortly. The Company intends to enter into a standard industry joint operating agreement with the Peak Hills vendors prior to the EGM. On May 14, 2026, the transaction was approved by the shareholders of Forgent plc.
James Harris and Richard Johnson? of Strand Hanson Limited acted as financial advisor to Forgent plc.
Forgent plc (AIM:FORG) completed the acquisition of 51% stake in Peak Hill Metals Pty Ltd. on May 18, 2026 and the balance of 48% remaining under option to Forgent plc, extended for a further five months as announced on April 14, 2026. Announcement • May 19
Forgent plc has completed a Follow-on Equity Offering in the amount of £1.3 million. Forgent plc has completed a Follow-on Equity Offering in the amount of £1.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,666,666,667
Price\Range: £0.00015
Transaction Features: Subsequent Direct Listing 