PRODIGY GOLD NL — AGM Information 2015

Nov 23, 2015

Annual General Meeting 24 November 2015

Brett Lambert Chief Executive Officer

DISCLAIMER

This presentation has been prepared by ABM Resources NL ("ABM" or the "Company"). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation.

This presentation contains forecasts and forward looking information. Such forecasts and information are not a guarantee of future performance, involve unknown risks and uncertainties. Actual results and developments will almost certainly differ materially from those expressed or implied. ABM has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. Accordingly, to the maximum extent permitted by applicable laws, ABM makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and take no responsibility and assume no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission from, any information, statement or opinion contained in this presentation. 03 NOV 2014

You should not act or refrain from acting in reliance on this presentation material. This overview of ABM does not purport to be all inclusive or contain all information which its recipients may require in order to make an informed assessment of the Company's prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation and making any investment decision.

TECHNICAL STATEMENT / COMPETENT PERSONS STATEMENT

The information in this announcement and Appendix that relate to Exploration Results and Mineral Resource estimates is based on information reviewed by Mr Darren Holden who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Holden is a consultant to ABM Resources NL and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 edition of the "Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves". Mr Holden consents to the inclusion in the documents of the matters based on this information in the form and context in which it appears.

The information in this report that relates to mining parameters, mine designs and costs is based on information compiled by Mr Craig Dawson who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Dawson is a full time employee of ABM Resources NL. Mr Dawson has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Dawson consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

Refer to previous Company Press-Releases for full resource estimation details, drill hole details, and intercept calculations.

Old Pirate Gold Mine – Initial One Year Mine Plan

• Multiple shallow pits, 35m average depth
• Mining inventory of 150,000 tonnes at a grade of 11g/t to 13g/t
• Target gold production of 50,000 to 60,000 ounces

• Mining commenced 9 March
• Milling commenced 26 May
• Low grade commissioning completed 7 July
• First gold poured 17 June

	Achieved1 Jul to 31 Oct 2015	Mid-range ofGuidance*
Tonnes Mined	56,867t	50,000t
Tonnes Milled	48,041t	50,000t
Mill Reconciled Grade	7.3g/t	12.0g/t
Mill Recovery	99.2%	97.0%
Gold Recovered	11,256oz	18,333oz
Gold Poured	10,003oz	18,333oz
Gold Sold	9,270oz	18,333oz

* See ASX release of 30 September 2014

	Achieved1 Jul to 31 Oct 2015	Guidance*
Mining Cost	$105/tmined	$130/tmined
Processing Cost	$84/tmilled	$70/tmilled
Business Services Cost	$82/tmilled	$80/tmilled
Total Site Costs	$271/t	$280/t
Site Production Cost**	$1,239/ozRecovered	$690-790/ozRecovered
Average Price Received	$1,566/ozSold	$1,500/ozSold

*See ASX release of 30 September 2014

**Includes mining, processing and business services costs (includes royalties), but excludes mill lease fee of $2.0M and capital expenditure of $0.55M during this period.

		Mineral Inventory		Mine Claim		Mill Reconciled
Pit	Tonnes	Grade	Ounces	Tonnes*	Grade	Ounces	Tonnes*	Grade**	Ounces
Golden Hind	16,176	20.5	10,660	30,588	9.6	9,401	30,588	6.5	6,422
Western Limb	14,187	9.6	4,364	8,461	15.7	4,279	8,461	10.7	2,923
Old Pirate Central	31,036	8.5	8,513	21,115	7.6	5,162	21,115	5.2	3,527
Old Pirate South	9,704	24.4	7,613	5,101	11.7	1,911	5,101	8.0	1,306
Total All Pits	71,103	13.6	31,149	65,265	9.9	20,754	65,265	6.8	14,177

*****Mine and Mill figures include partially mined benches that slightly reduces tonnage compared to the Mining Inventory

**Material from all pits is blended during processing and the same mill reconciliation factor is applied to all pits

• The resource model has been re-examined and re-run multiple times using different parameters and incorporating all the grade control data with the original drilling data. This did not materially change the estimation, although it is now intended to use a lower top cut to trim the estimated grade.
• The mineralised quartz veins vary in thickness along strike and down dip, but are generally very narrow and are structurally more complex than expected.
• Loose blasted rock remaining on the pit floor makes it harder to identify and sample mineralised zones.
• Blasting distorts and displaces mineralised veins contributing to loss and dilution.
• Given the nature of mineralisation encountered, the original Mining Inventory estimates did not make sufficient provision for loss of mining inventory and dilution.
• Very high grade variability and coarse gold effect make it difficult to estimate representative grades for bench scale parcels of mineral inventory and selectively assign them to the mill or the waste dump – misallocation is inevitable.

The following photographs illustrate some of the issues raised above

Southern wall of Western Limb, faulted offset of the main and hangingwall veins

Very Selective Mining – Structurally Complex

Old Pirate South complex vein system

Old Pirate Central, trenching out the main vein

• A revised, more conservative geological model has been prepared for mine planning purposes.
• Revised modifying factors, principally mineral inventory loss and dilution estimates, have been prepared in response to the characteristics of the deposits encountered to date.
• A mining consultant has been engaged to run new open pit optimisations based on the revised geological model and modifying factors.
• The company's mining engineers will revise open pit designs, guided by the optimisation results, and prepare a revised production schedule.
• It is intended to excise underperforming sections of the deposit from the mining plan in order to improve operating cash flow. Excluding this material will reduce the initially proposed mine life, however to the extent that it is practical to do so, mining in areas that have performed well will be extended as part of this exercise.
• The net effect on mine life will not be known until the revised mine plan has been prepared.

• ABM's Buccaneer deposit, part of the Twin Bonanza Project and just 5km from Old Pirate, has an Indicated and Inferred Resource at a 1g/t cut off grade of 15.3Mt at 2.23g/t for 1.1Moz of contained gold (see appendix for details).
• Recent drilling results, including 19 metres at 5.82g/t (see ASX release 10 July 2015), have further enhanced this deposit.
• Preliminary metallurgical test work carried out on core samples from Buccaneer produced excellent results (see ASX release 17 August 2015) including 96.3% gold recovery from sample ground to 106µm and 81% from sample crushed to 10mm – indicative of potential heap leach performance.
• Buccaneer displays broad zones of mineralisation indicating potential for low cost bulk mining. Lowering the cut off grade further improves continuity and substantially increases contained gold estimates (see appendix for details).
• It is intended to further evaluate potential development options for Buccaneer.

Buccaneer Gold Deposit – Mining Options to be Evaluated

• ABM is the dominant tenement holder in the central desert region of the Northern Territory with over 40,000 square kilometres under its control.
• Despite this region remaining largely underexplored, a number of significant gold discoveries have been made including the world class Callie Gold Mine owned and operated by Newmont.
• One of Australia's largest and most successful gold producers, Northern Star, has recently become active in the region and committed significant expenditure via an agreement with Tanami Gold.
• Numerous advanced exploration targets have been defined on ABM's ground, including the Hyperion Gold Project which hosts a resource of 2,977,000t at 2.11g/t for 202,200 ounces of contained gold (see appendix for details).
• Recent drilling has generated further promising results at Hyperion East including 21 metres grading 2.84g/t gold 300 metres along strike from the central zone and only 13 metres below surface (see ASX release 26 August 2015).

• 100% owned by ABM
• Located 17km northeast of Groundrush Gold Deposit (NST, TAM)
• Significant new discovery along strike from 202,000 ounce Hyperion Deposit
• 9m @ 5.77g/t gold within 13 metres of surface
• 12m @ 3.43g/t gold ending in mineralisation.
• Target zone >1 kilometre in length.

Refer announcement dated 26/08/2015 for further details.

• It is intended to prioritise exploration targets focussing on:
  • Advanced targets where work to date has generated results of a tenor that indicate economic potential, such as Hyperion.
  • High potential targets where work remains at a relatively early stage, but potential exists for very high value discoveries, such as the Mallee and Wild Turkey prospects which are in a similar geological setting to Callie.
  • Strategically located targets prospects that are located in close proximity to infrastructure, defined resources or existing mines.
• Due to the scale of the company's land position it is intended to pursue further farmouts or joint ventures, particularly on prospects that are remote from ABM's core areas of activity.
• A model for the above is the existing agreement with Independence Group NL in the Lake Mackay region where IGO are sole funding exploration and recently announced highly encouraging drill results at the Bumblebee Discovery, including 7 metres averaging 3.3g/t gold, 37.7g/t silver, 3.2% copper, 0.9% lead, 1.3% zinc and 0.08% cobalt approximately 30 metres below surface (see ASX release of 6 October).

Bumblebee Discovery with IGO

• Gold-Copper-Silver-Lead-Zinc-Cobalt
• Part of Warumpi Margin / Lake Mackay alliance with Independence Group NL
• Analogous to Cloncurry style IOCG
• 7m @ 3.3g/t gold, 37.7g/t silver, 3.2% copper, 0.9% lead, 1.3% zinc and 0.08% cobalt
• To be followed up with geophysics, geochemistry and further drilling in 2016

Refer announcement dated 6/10/2015 for further details.

Thank you for your attention

Any questions?

November 2015

Tenement Location Plan

Old Pirate Resource Estimation September 2014
Category	Tonnes	Gold Grade (g/t)	Ounces
IndicatedResource	820,000	8.5	225,000
InferredResource	880,000	14.7	410,000
Total	1,700,000	11.7	640,000

*Note - totals may vary due to rounding.

Refer release dated 30th September, 2014 for full details.

Buccaneer Higher Grade Zone Resource at 2g/t cut-off
Category	Tonnes	Grade (g/t Au)top-cut	Grade (g/tAu) uncut	Ounces goldtop-cut	Ounces golduncut
Indicated	2,261,000	3.39	4.17	246,200	303,000
Inferred	3,573,000	3.75	4.56	431,100	523,500
Total	5,834,000	3.61	4.41	677,300	826,500

Buccaneer Higher Grade Zone Resources at 1g/t cut-off
Category	Tonnes	Grade (g/t Au)top-cut	Grade (g/tAu) uncut	Ounces goldtop-cut	Ounces golduncut
Indicated	7,117,000	2.00	2.25	458,500	515,300
Inferred	8,183,000	2.43	2.78	639,700	732,200
Total	15,300,000	2.23	2.54	1,098,200	1,247,500

Buccaneer Bulk Tonnage Resource at 0.2g/t cut-off
0.2g/t cut off	Million tonnesGold (g/t)Million ounces
Indicated	34.0	0.64	0.702
Inferred	93.9	0.65	1.970
Total	127.9	0.65	2.672

*Note - totals may vary due to rounding. Refer press release 5th February 2013 and 16th April 2012 for details; Re-reported in 2013/14 and 2014/15 annual reports to be compliant with JORC 2012.

Hyperion Gold Project Resource estimation without top-cut
0.8g/t cut off	Tonnes	Gold (g/t)	Ounces
Hyperion Central	2,209,000	2.14	152,100
Hyperion South	768,000	2.71	66,800
Total	2,977,000	2.29	219,000
2g/t cut-off	Tonnes	Gold (g/t)	Ounces
Hyperion Central	875,000	3.36	94,400
Hyperion South	272,000	5.37	47,000
Total	1,147,000	3.83	141,400

Hyperion Gold Project Resource estimation with 50g/t top-cut
0.8g/t cut off	Tonnes	Gold (g/t)	Ounces
Hyperion Central	2,209,000	2.06	146,600
Hyperion South	768,000	2.25	55,500
Total	2,977,000	2.11	202,200
2g/t cut-off	Tonnes	Gold (g/t)	Ounces
Hyperion Central	875,000	3.17	89,100
Hyperion South	272,000	4.08	35,700
Total	1,147,000	3.38	124,800

*Note - totals may vary due to rounding. Refer press release 16th April, 2012 for details. Re-reported in 2013/14 and 2014/15 Annual Reports to be compliant with JORC 2012.