Forgent (AIM:FORG), the Australian-focused critical and precious minerals explorer, said Phase 2 drilling has commenced at its 99%-owned Peak Hill Gold-Copper Project in Western Australia.
The rig is now operational on site, with the programme set to comprise approximately 130 holes for around 8,700 metres of drilling.
The campaign follows encouraging results from Forgent's initial drilling at Peak Hill and marks a significant expansion of exploration activity across the project.
Peak Hill sits alongside Mount Sholl, a nickel-copper-PGE project with a JORC-compliant resource, and Green Rocks, a copper-gold project with high-grade surface mineralisation, in Forgent's portfolio.
The Phase 2 programme is expected to take approximately 60 days to complete, with samples submitted progressively for assay.
News Intelligence what this means for the company
Forgent has commenced Phase 2 drilling at Peak Hill with 130 holes across 8,700 metres, expected to complete within 60 days. This follows the Phase 1 programme and represents a direct expansion of the exploration campaign at the 99%-owned project, with results to feed into interpretation of the deposit.
Phase 2 drilling is a planned continuation of exploration activity already flagged by the company; the announcement confirms execution rather than a material change in strategy or resource position. Investors should monitor assay results as they arrive progressively over the 60-day campaign to assess whether Phase 2 data materially alters the prospectivity case for Peak Hill.
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