(Sharecast News) - Forgent said on Monday that its maiden drilling programme had started at the Peak Hills gold-copper project in Western Australia.

The AIM-traded company said initial results from the programme were expected to be received and reported in early August.

Peak Hills covers about 163 square kilometres across five granted tenements.

Forgent currently holds a 51% interest in the project and has an option to increase ownership to 99%.

At 1030 BST, shares in Forgent were down 14.71% at 0.01p.

Reporting by Josh White for Sharecast.com.

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