Forgent (LSE:FORG), the technology‑led energy transition company, has submitted a Program of Work to Western Australia’s Department of Mines, Petroleum and Exploration for a maiden drilling programme at Peak Hill targeting summer 2026, subject to approval.
The PoW follows a reinterpretation of extensive historic datasets and targets three high‑priority prospects, Karalundi, Junction and Curley's, and the company says nearby processing infrastructure could offer a potential low‑capex development pathway.
"We believe the combination of shallow mineralisation targets, strong historic results and nearby processing infrastructure creates a compelling platform for focused modern exploration and potential accelerated commercialisation," James Parsons, CEO of Forgent, said.
Forgent owns 51% of Peak Hill with an option to acquire a further 48% over a c.163 km² land package about 80 km north of Meekatharra, and it has selected an aircore contractor with the rig provisionally booked to drill to a maximum depth of 100 metres.
The company highlighted historic intercepts including Karalundi 2m at 5.09 g/t Au and rock chips up to 24.5 g/t, multiple Junction composite intervals, and Curley's 1m at 47 g/t Au as targets to validate and infill.
Regulatory approval for the PoW is expected in a number of weeks, after which Forgent will confirm drilling timing and provide further technical updates.
