Forgent (AIM:FORG), the Australian-focused critical and precious minerals explorer, has completed the first stage of its Phase II drilling programme at the 99%-owned Peak Hill gold-copper project in Western Australia.
Eighteen holes covering 710 metres have been drilled at the Curley's prospect, designed to test the continuity and scale of gold and copper mineralisation identified during the earlier Phase I programme. Samples from Curley's now go for assay.
The rig has moved to the Cathedral prospect, a large, previously undrilled target between the existing Curley's and Junction prospects, identified through geological and geophysical data alongside anomalous surface gold results.
Forgent plans 112 holes at Cathedral, the bulk of a Phase II campaign expected to total 130 holes and roughly 8,700 metres.
"The rig has now moved to Cathedral, which represents the principal discovery opportunity within this phase of drilling," said James Parsons, chief executive officer of Forgent. "It is a large, previously undrilled target and we are not testing it tentatively, we are planning 112 holes designed to test it systematically and at scale."
Assay results from Curley's are expected as the Cathedral programme progresses.
News Intelligence what this means for the company
Forgent has completed the first stage of Phase II drilling at Peak Hill's Curley's prospect (18 holes, 710 metres) and moved its rig to Cathedral, a larger undrilled target between existing prospects. The company plans 112 holes at Cathedral as part of a 130-hole Phase II campaign totalling roughly 8,700 metres—matching the scope planned for Phase 2 drilling at Peak Hill. Curley's samples are now in assay; Cathedral drilling is positioned as the principal discovery opportunity in this phase.
The shift to Cathedral represents execution of the planned Phase II programme rather than a material change in scope or strategy. The company remains dependent on assay results from both Curley's and Cathedral to validate whether either prospect warrants follow-up drilling; the announcement itself contains no new geological or economic data.
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