Forgent plc (FORG), an Australian-focused critical and precious minerals explorer, has announced what it describes as "outstanding" gold assay results from shallow drilling at the central Curley's prospect within its Peak Hill project in Western Australia. The company completed 30 holes totalling 1,406 metres during Phase II, with all 12 closely spaced holes at central Curley's returning gold-bearing intervals. Following these results, Forgent is immediately expanding its Phase II programme with approximately 55 new holes, beginning this weekend, as it targets a maiden JORC Mineral Resource.

Key Points

  • Forgent plc (FORG) — Australian-focused critical and precious minerals explorer
  • All 12 close-spaced holes at central Curley's, Peak Hill, Western Australia, returned gold-bearing intervals, with top intersections of 7m averaging 2.32g/t and 7m averaging 1.05g/t
  • Phase II completed 30 holes totalling 1,406m; approximately 55-hole follow-up programme commencing this weekend on 20x20m, 40x40m and 80x80m grids
  • Investors should watch for assay results from the follow-up programme and any update on progress towards a maiden JORC Mineral Resource

Central Curley's Drill Results: Grade Highlights and Hole-by-Hole Findings at Peak Hill

The headline intersections from the central Curley's programme include 7 metres averaging 2.32 grams per tonne (g/t) gold from 26 metres depth in hole CAC010, with a peak one-metre interval of 4.32g/t from 28 metres, and 7 metres averaging 1.05g/t from 49 metres in hole CAC011, including 1 metre at 3.63g/t from 50 metres. Additional gold occurrences were recorded across CAC001 through CAC012, with individual one-metre assays of 4.10g/t in CAC003 and 3.71g/t in CAC004 also noted. Samples were analysed by Jinning Pty Ltd in Perth. The announcement states that gold assays from as shallow as 5 metres downhole were recorded across multiple neighbouring holes.

Revised Geological Interpretation Points to East–West Mineralised Trend Dipping Northward at Curley's

The distribution of gold-bearing intersections at central Curley's has led Forgent's technical team to revise its working geological interpretation. The mineralised structures are now interpreted to strike east–west and dip northward, replacing an earlier northwest–southeast model. The announcement states that wider-spaced drilling, including holes in the northern area, did not return significant gold intersections, with the company now believing those holes were terminated above the projected mineralised horizon. Historical drilling recorded gold-bearing intervals below 100 metres in the northern section, prompting the planning of four deeper holes to test the down-dip mineralised horizon in Northern Curley's.

Forgent Launches Immediate ~55-Hole Expansion at Central Curley's to Test Grade and Geological Continuity

Following the Phase II results, the company is mobilising its rig back to site this weekend to drill approximately 51 development holes at central Curley's on three grid spacings — roughly 30 holes on a 20x20 metre grid, 15 on a 40x40 metre grid, and 6 on an 80x80 metre grid — plus 4 deeper holes at Northern Curley's. The programme is designed to test connections between existing intersections and assess how far mineralisation extends along the interpreted trend and at depth. Chief Executive James Parsons stated the company's ambition is to convert exploration momentum into an accelerated pathway towards a maiden JORC Mineral Resource, with drilling at the Cathedral prospect expected to continue thereafter.

Forgent's Broader Portfolio: Peak Hill, Mount Sholl and Green Rocks Projects in Australia

Forgent plc holds a portfolio of Australian mineral assets spanning gold, copper, and nickel. Beyond the Peak Hill gold-copper project, the company holds an option over Mount Sholl, a nickel-copper-PGE project with an existing JORC-compliant resource and significant exploration target, and Green Rocks, a copper-gold project with high-grade surface mineralisation. The exploration results reported here are based on information compiled by Mr Edward Mead, a Fellow of the Australasian Institute of Mining and Metallurgy, acting as Competent Person under the 2012 JORC Code. Investors may be watching whether the follow-up programme sustains the grade continuity needed to support resource definition at Peak Hill.