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In the interview, the Peak Hill drilling agenda discussed, is Gold first, followed by another shallow drill programme for Copper straight afterward.

From a previous RNS:

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'The Peak Hill project is a large-scale advanced gold dominant exploration project with historic drilling and rock sampling having returned very high gold and copper grades.'

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We also know that the shallow drill programmes are really low cost, so even if the Gold grades don't look great, there's still the Copper to immediately test for at low cost, which can also be toll treated locally. 👍

See extracts from the interview below.

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Ed Mead

"We've said the focus of this first drill programme which is now underway is Gold.

We've got two Geo's up on site at the moment looking at all the Copper targets that we plan to target, maybe not on this programme but on a very quick follow up programme."

JP

"We need to see the results of the drilling, of course we do, in my mind it's probably this drill programme, back to back another drill programme and then we've got sufficient resource to think about commercialisation."

I'd have had more empathy if he hadn't made the decision to b.s.h.1.t about when he held stock and the extent of his stock holding. 🙄

The result of him doing that is that I don't believe a word he's written or continues to write.

Everyone else can make their own decision.

Your b.s.h.1.t is so weak, even you don't believe it.🙄

k.n.o.b.

Far less embarrassing than you being outed for your repetitive b.s.h.1.t. claims on here.

What next, you 'once had' a 50% holding 'yesterday' and also 'three years ago' but you 'sold' them 'next week' ? 😂😂😂

Through popular demand from the pretenders and the whiners 😅, here's some more from the interview:

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James Parsons

"What we've got here (Peak Hill) is it's shallow, sub 100 metres, we're targetting 42 holes which may change a bit as we go through the programme, it's three weeks drilling, but the good thing here is that early August, we'll have results. So this is a really short, rich newsflow environment we're in, and should be quite an exciting ride, so watch this space in terms of Peak Hills.

It's Copper and Gold and as Ed was saying, we've got lots of plants nearby and the route to commercialisation here is clear and it's relatively quick and that's about as good as it gets in AIM, that's AIM's sweetspot, it's limited capital, we can get ourselves to cash flow relatively quickly.

We need to see the results of the drilling, of course we do, in my mind it's probably this drill programme, back to back another drill programme and then we've got sufficient resource to think about commercialisation.

This all depends on how the drilling goes. It's worth remembering the thematics here, what's going on in the Copper and Gold world at the moment, it's really exciting. Yes, Gold has come back a bit off it's peak but it's exceptionally strong by pretty much any modern historic numbers and Copper with whats going on in AI infrastructure, electrification, it's only going in one direction in our view.

I think those thematics and the phasing and timing we've got here, it just comes together into a sweet spot."

There isn't a requirement for a PFS or a FS to start digging or sending it for toll treatment but there would be a requirement to formulate a JORC compliant resource for official valuation purposes. From what can be gleaned from the information so far, Green Rock and Peak Hills are intended to be open pit initially, providing a swift route to cash from the Gold and Copper.

It may be something they choose to do at later date if the grades continue to justify it or if they wanted to develop an underground mining operation in the future.

On the third asset under consideration, Mt Scholl, they have a JORC compliant mineral resource.

"The Mount Sholl option represents a compelling opportunity to acquire a substantial nickel, copper and PGE resource in one of Australia's most established and resource rich mining jurisdictions and, if exercised, would introduce JORC-compliant Mineral Resources to the Forgent portfolio for the first time."

JORC aside, there are numerous ways to inform the market of estimated asset valuations. Take the example of Kendrick Resources in two separate announcements last month:

"Whilst not yet JORC (2012) compliant, the exceptional exposure, grade continuity, accessibility and abundance of visible mineralisation place these surface carbonatites in a uniquely low-risk category relative to typical sub-surface deposits."

Followed by:

"Ø Unaudited in-house gross project valuation (NPV) of US$ 400M for verified in situ LREO-bearing carbonatites at Teufelskuppe (TK) only"

In the same interview, the interviewer who had clearly been briefed before the interview, refers to the time frame for cash flow using the toll treatment path, when discussing the Copper:

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"Ive seen this situation before in Zambia, the mines have been open pit, they didn't need to go for a Pre-Feasibilty Study and a Feasibility Study, there were veins of Copper in there, they were just digging them up and processing them. One to two thousand of contained Copper a year, thats a shed load of money, particularly in this situation, you are talking about revenues of $28 Million a year just on two thousand tonnes of contained Copper a year, which is probably viable in this type of situation. I don't know if it would be any more or less than that, let's not speculate, but just to give people an idea, that's what is the potential. Youre looking at doing that in six, seven, eight, nine month period as maximum. That would be a game changer for the company."

The following information which was in an interview three days ago, is available for anyone to listen to.

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James Parsons

"It's been an exciting couple of weeks and we're just getting started here. Our transformation is complete here, we've cleaned up the balance sheet, we've built the portfolio up, we've now got a really solid mining portfolio in Western Australia and Green Rocks has already delivered some quite exceptional sampling results, which is encouraging, but the key message really for today is, we start drilling at Peak Hills right now, we're looking for Copper and Gold, and this is where the next chapter for Forgent begins."

Ed Mead, Geologist

"We've said the focus of this first drill programme which is now underway is Gold.

We've got two Geo's up on site at the moment looking at all the Copper targets that we plan to target, maybe not on this programme but on a very quick follow up programme.

The Green Rock sampling, I have to say that the rocks look pretty boring and the copper minerals that are in it, it's not like they're bright green or brght blue, its like a hue of green and brown, the results are sensational, they support the previous results from historical sampling and they also stepped out into new areas. It's clearly a project with great grades and next step there will be to try and determine the widths of the mineralisation.

We're now focussed on Peak Hills and we've touched on previously where we think there are mills existing that are around the project that we could effectively 'toll treat' to, so 'bang for buck', with the grades that we see, you'll be seeing quite a bit of news out of Peak Hills"

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So, they're planning to go straight to toll treatment for the Gold, if the grades are what they believe them to be, for swift cash flow, without the need for a Pre-Feasibility or a Feasibility Study, which they refer later to in the interview with a time frame of six to nine months.

For anyone who is unsure of what toll treatment is, here is a description by another Geologist:

'Basically, it’s about giving smaller mining companies (for whom it’s not practical or economical to build their own mill) the opportunity to process their ore at another company’s mill. At the same time, it gives the host company the opportunity to more easily obtain an optimum balance of oxide and fresh material to feed through their mill.

It opens up mining opportunities for a multitude of smaller companies that would otherwise be unable to realise their potential – which is a real boon for the mining industry!'

Your feeling of 'guilty by association' is your own problem Dusty.

I don't recall stating a 5000% increase either.

But hey, why let the truth get in the way ? 🙄

Again, a slew of pointless posts from someone who claims 'it makes no difference to me'.

Clearly, that's just not true and it does inexplicably make a difference to you. Actions speak far louder than words.

Did I refer to you as a troll Dusty ?

No.

That'll be another example of you inventing facts again. 🙄

While on the topic of 'integrity' Dusty, consider the naive assumption you've just made, that Primethinker is a genuine investor with a history of investing in EQT.

Anyone remotely genuine would remember, only four days apart, the number of shares they held and whether they bought them a few months ago or seven months ago or more. See below. Then cringe at the fact that he's just made a complete fool of you.

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Primethinker

16 Jun 2026 08:55

I bought 325 million shares a few months ago, and they are now worth almost nothing.

19 Jun 2026 20.40

i had 423 million shares that i bought last year, and now they’re worth next to nothing.

Oh dear.

Dusty seems to be highlighting incorrect information. He did also write:

"But no Trolling, just a outside looking in view. Makes no difference to me, I have enough on my plate"

Dusty, just an outside view of your posts, for something that 'makes no difference to you', you're putting in a lot of effort.

Time spent on something that 'makes no difference' to you is time totally wasted. You're coming across more of an 'Ed Milliband' type investor than a Warren Buffet. 🙄

Or conversely, when the 'ham acting' from some is put aside:

Regardless of whether FORG succeeds, which will be determined by assay results at the differing stages of proving up the three assets, some people don't seem to want to take responsibility for their own previous investment choices anymore. Blaming everyone else for their own dramatically described 'suffering'.

It's all very well perpetually whining about their previous experience of the dreadful performance of EQTEC but was it any surprise ?

Albeit, if they invested in late 2020, they'd have had opportunity for a swift five fold return early in 2021.

You'd have had to be a wizard to get that technology off the ground, doesn't matter who was at the helm.

It wasn't even commercially viable !

Roughly one barrel of oil equivalent from processing one tonne of waste. £60 income from processing one tonne of waste. The processing would have cost more than the income. In addition, setting up a plant with a capex of £60 Million, producing 160 barrels a day equivalent, would have produced £3.5 Million in revenue and cost more than that to produce the end product, just with staff costs and energy costs of running the plant alone.

It would have been an obvious complete commercial fail. No surprise it at all that potential customers weren't taking up the idea in quantity.

They chose to invest and remain invested in a previous financially unworkable 'green fantasy', and they've only got themselves to blame.

And now, some of the same people who invested and remained invested in that nonsense, are the same ones repetitively moaning that the company have rightly ditched that idea and have changed direction.

New assets of considerable potential value if the drill proves them up, as opposed to a previous green 'ideal' that was doomed to fail.

We all already know your relationship with the truth Primethinker, because you've already shown yourself to be a repetitive liar on this thread. 🙄

Tinger

"Australia has an enormous critical minerals endowment with documented resources of 26 of the 31 commodities on Australia’s Critical Minerals List in 477 deposits, of which 75% remain undeveloped."

In FORG's case and Australia, it's even more specific, rather than 'unfound', these are 477 'known' deposits in Australia, just yet to be developed, which is what FORG are now embarking on with their three assets. 🙂

Joo

When you consider the below, written 18 months ago, it doesn't suggest luck, it's just seizing the opportunities from the vast scale of Australian deposits yet to be developed.

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"Australia has an enormous critical minerals endowment with documented resources of 26 of the 31 commodities on Australia’s Critical Minerals List in 477 deposits, of which 75% remain undeveloped."

Rich

It's quite possible that Ed Mead and James Parsons were already aware of the manoeuvres of Gina Rinehart and her investment in the region, so it could be considered good strategy, but they wouldn't have known about her $ 1 Billion investment in SpaceX and the possible tie up for a minerals deal at the time, so this is just good fortune, and every future success story needs a helping or two of that. 😊

In my opinion, it means that large corporations with deep pockets will be drawn in to acquire assets or invest in assets where FORG now has it's own assets / licences.. 😀

I'll try it again but adjust the name 'Hanc.o.c.k.' so that it doesn't assume it's a word to be removed and also change upper case to lower case.

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News

That's particularly interesting because Gina Rinehart has also just invested $1 billion in Space X and hinted at a critical minerals deal.

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"When Gina Rinehart writes a billion-dollar cheque, investors should pay attention—not because she is always right, but because she doesn’t do anything with her capital without a win-win strategy.

This week, the executive chairman of Han.c.o.c.k. Prospecting, Australia’s largest private mining company, confirmed that her firm has acquired a stake in space exploration technologies corp. (Nasdaq: SPCX) (“SpaceX”) reportedly valued at more than US $1 Billion, making it the largest investment outside Han.c.o.c.k.’s core iron ore business in the company’s history. Rinehart described SpaceX as a company operating in sectors that are “crucial” and praised the leadership of Elon Musk,

*** while also hinting at future collaboration involving artificial intelligence and critical minerals. ***

Yet viewing Rinehart’s investment solely through the lens of Aerospace misses something important.

The real story may be found not in the skies above us, but in the ground beneath our feet.

For decades, mining investors have understood a simple truth: industrial revolutions are ultimately constrained by materials. railways required steel. electrification required copper. the digital age required silicon. the energy transition requires lithium, rare earths, *** nickel ***, graphite, uranium, *** copper ***, and a growing list of critical minerals."

news

that's particularly interesting because gina rinehart has also just invested $1 billion in space x and hinted at a critical minerals deal.

_______________

"when gina rinehart writes a billion-dollar cheque, investors should pay attention—not because she is always right, but because she doesn’t do anything with her capital without a win-win strategy.

this week, the executive chairman of han**** prospecting, australia’s largest private mining company, confirmed that her firm has acquired a stake in space exploration technologies corp. (nasdaq: spcx) (“spacex”) reportedly valued at more than us$1 billion, making it the largest investment outside han****’s core iron ore business in the company’s history. rinehart described spacex as a company operating in sectors that are “crucial” and praised the leadership of elon musk,

*** while also hinting at future collaboration involving artificial intelligence and critical minerals. ***

yet viewing rinehart’s investment solely through the lens of aerospace misses something important.

the real story may be found not in the skies above us, but in the ground beneath our feet.

for decades, mining investors have understood a simple truth: industrial revolutions are ultimately constrained by materials. railways required steel. electrification required copper. the digital age required silicon. the energy transition requires lithium, rare earths, *** nickel ***, graphite, uranium, *** copper ***, and a growing list of critical minerals."