Peak Hill

Peak Hill is an advanced, large-scale gold-copper exploration project covering approximately 163km² across five granted tenements in the Murchison Province of Western Australia, approximately 80km north of Meekatharra.

Forgent currently holds a 99% interest.

The project is located in an established mining district with excellent access to infrastructure, including direct access via the Great Northern Highway and three operating gold processing plants within 100km, supporting a cost-effective pathway for future exploration and project development.

At a glance

Commodity: Gold – Copper
Ownership: 99%
Area: c.163km² across five granted tenements
Prospects: nine defined, with numerous additional targets identified

Infrastructure: Direct highway access and within 100km of three operating gold processing plants (Westgold’s Bluebird Processing Hub, Meeka Metals’ processing plant and Catalyst Metals’ Plutonic Gold Mine);

Exploration Opportunity

Peak Hill represents a large, highly prospective landholding in a well-established Western Australian gold district. Despite extensive historic exploration activity across parts of the project area, much of the available geological, geophysical and drilling data had not previously been integrated and reinterpreted using modern exploration techniques.

This provided Forgent with the opportunity to undertake a systematic review of a substantial historic dataset before committing significant capital to drilling. The Company’s work has focused on identifying structural controls on mineralisation, integrating historic drilling with magnetic and other geophysical datasets, and defining areas where previous exploration may have inadequately tested the potential for near-surface gold mineralisation.

Nine prospects have now been defined across the broader Peak Hill project area, alongside numerous additional exploration targets. This provides Forgent with a substantial pipeline of opportunities beyond the areas included in the initial drilling campaigns.

Prospects and Drill Results

Following detailed review and reinterpretation of the historic data, Forgent identified seven priority target areas across the Karalundi, Junction and Curley’s prospects.

The Junction Prospect alone contained four key targets, where widely spaced historic drill fences had defined large near-surface intercepts of orogenic gold-bearing veins over strike lengths of up to 800m. The scale and spacing of this historic drilling left substantial areas between and along strike from the known mineralised intersections either lightly tested or entirely undrilled.

In July 2026, the Company completed its Phase 1 drilling programme, designed principally to test the geological interpretation and establish whether the targeted structures contained shallow gold mineralisation.

The programme returned encouraging gold assay results across multiple priority targets, including:

2m at 3.68g/t Au from 50m in hole PKA040;
1m at 3.11g/t Au from 44m in PKA010; and
1m at 2.51g/t Au from 26m in PKA030.

Importantly, Phase 1 achieved more than the identification of individual gold intercepts. The results validated key elements of the Company’s geological model and confirmed the presence of multiple shallow gold systems across the areas tested, providing a stronger geological basis from which to target subsequent drilling.

The work also identified a significant new, previously undrilled exploration corridor between Junction and Curley’s. This corridor is characterised by favourable structural setting, magnetic complexity and lithological controls and has become an important focus for follow-up exploration.

Phase 2 Drilling

Highlights of the Phase 2 drilling programme include:

Curley’s selected as a key focus for Phase 2 drilling following encouraging Phase 1 gold results and recent multi-element analysis which has further refined exploration targeting, with approximately 18 follow-up drill holes planned on a 100m x 40m grid.
In addition, the Cathedral prospect has approximately 112 drill holes planned across six broad north-south traverses at approximately 80 metre spacing in the first systematic drill testing of a previously undrilled high-priority exploration area.
Cathedral drilling is targeting magnetic features, elevated surface gold geochemical samples up to 26g/t, and where gold nuggets have been recovered.
Phase 2 drilling (Figure 2) will comprise of a planned total of approximately 130 shallow holes for approximately 8,700 metres of drilling over an expected 60-day campaign.
Drilling underway.

The programme is planned primarily as a shallow air-core drilling campaign comprising approximately 130 holes averaging approximately 67 metres in depth for approximately 8,700 metres of drilling in total. Air-core drilling will be utilised wherever practicable, reflecting its lower cost and suitability for first-pass exploration, with the rig moving to reverse circulation drilling where local ground conditions require.

The Company intends to assay the Curley’s drilling for gold and multi-element geochemistry, with drilling across the previously undrilled exploration area initially assayed for gold.

Subject to the outcome of Phase 2, the Company expects exploration at the Junction prospect to become the focus of its planned Phase 3 drilling programme.