PRODIGY GOLD NL — AGM Information 2016

Nov 1, 2016

Tanami Region

Unlocking the Discovery Potential

2 November 2016 Annual General Meeting

Matt Briggs Managing Director

IMPORTANT INFORMATION

This presentation has been prepared by ABM Resources NL ("ABM" or the "Company"). This presentation is for information purposes only and 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 statements and information which are based on internal business data and information obtained from external sources. Forward looking statements may be identified by the use of words such as "anticipate", "expect", "estimate", "planned", "forecast", "likely", "intend" and other similar expressions. Such forecasts and information are not a guarantee of future performance and involve unknown risks, uncertainties and contingencies which may impact future outcomes on the Company. Actual results and developments will therefore 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 law, ABM makes no representation and gives no assurance, guarantee or warranty, express or implied, as to, and takes no responsibility and assumes no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission from, any information, statement or pinion contained in this presentation.

The information in this presentation is given in summary form and does not purport to be all inclusive or contain all information which you may require in order to make an informed assessment of the Company's prospects. Nothing contained in this presentation constitutes investment advice, financial product advice or legal, tax, accounting or other advice, nor does it take into account the financial situation, objectives or needs of any person. ABM is not licensed to provide financial product advice.

You should not act or refrain from acting in reliance on this presentation material. You should conduct your own investigation, perform your own analysis and obtain independent professional advice, in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation and in making any investment decision in respect of ABM.

COMPETENT PERSONS STATEMENT

The information in this announcement and Appendix that relate to Hyperion Mineral Resource estimates is based on information reviewed by Mr Alwin van Roij who is a Member of The Australasian Institute of Mining and Metallurgy. Mr van Roij is a full time employee of 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 van Roij 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 announcement relating to exploration targets and exploration results are based on information reviewed and checked by Mr Matt Briggs who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Briggs is a full time employee of 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 he is 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 Briggs consents to the inclusion in the documents of the matters based on this information in the form and context in which it appears.

Annual General Meeting 2 November 2016 Refer to previous Company ASX announcementsfor full resource estimation details, drill hole details, and intercept calculations.

Unlocking the discovery potential

ABM is well positioned with a clear strategy to unlock the discovery potential

• Large contiguous tenure over under-explored gold district
  • Over 13,000km2 of granted tenure
  • Over 24,000km2 application tenure
  • Located in belts containing major gold deposits e.g. Callie (Newmont) and Groundrush (Northern Star/Tanami Gold)
• A team with a demonstrated track record of discovery
  • Either led or was part of a team on several major gold discoveries
  • Well experienced at operating in the Tanami region
  • Overhead costs kept low meaning the majority of funds are focused on in-ground activity
  • Progress rapidly to drill testing using a predictive approach based on structural geology and multi-element geochemistry
• Well funded with strong investor support
  • ~$6.3 million cash excluding A$4.3m cash reserved for required cash backing of environmental bonds and A$0.8m R&D tax refund
  • 46% of the company's shares held by top four investors
• Focus exploration on the Suplejack and Tanami projects
  • Extend and delineate mineralisation at the Suplejack project
  • Systematically explore and drill test targets at the Tanami project
• Independence Group NL is systematically exploring the Lake Mackay project as part of its 70%1 JV earn-in
• Divest or farm-out the Bonanza and North Arunta projects

1 Independence will earn a 70% interest in Lake Mackay project by sole funding $6 million in exploration expenditure by May 2020

Outline

• Gold Exploration
• Why ABM?
• Strategy
• Current Projects
• Financials

Suplejack Prospect, Suess Fault Breccia outcrop

Australian Reserves

Source: Geoscience Australia Identified Mineral Resources Report 2014/2015 and company reports

Australian Resources

Declining quality of brownfields exploration

Globally Reserves are declining rapidly

Source: "Can the Gold Industry Avoid the Sins of the Past" by Nick Holland CEO Gold Fields 22 August 2916

• Aggressive acquisition of in-production ounces to fill the looming production shortfall
  • Fewer quality opportunities available after a 3-year buying spree
  • In-production ounces are becoming increasingly costly (US$84/oz1 resource or US$289/oz1 reserve)
• Major and mid-tier gold producers are returning to green fields exploration
  • Investing in junior explorers
  • Directly through JVs and project acquisition

1 Average of 15 transactions since June 2011 – source Standard Chartered Bank

The industry needs new high quality deposits

Underexplored by all definitions

Previous expenditure on drilling and assaying per km2 in 2016 dollars

* 2016 dollars calculated from lease expenditure reported within greenstone areas §78% of ABM Tenements by area

A Portfolio of Targets

ABM's Tenements and applications as at October 2016

• Since 2009 ABM geologists have generated 306 targets
• Outside of Twin Bonanza, 12 of these have been drill tested
• The focus on mining delayed the discovery of the next Callie(s)
• Partnering can bring forward discovery
• Suplejack and Tanami areas are within 150km of existing processing infrastructure at The Granites, Callie, Central Tanami and Coyote

Exploration Potential Remains Untested

Mining Focussed History

	(km2)	('000m)	RC/DD metres
TwinBonanza		117	73%
Bonanza-other		17	11%
Twin Bonanza Total	13	134	84%
Outside TwinBonanza	36,100	26	16%

The Exploration Opportunity

Cross section through the Tethys Prospect

ABM has everything an exploration company needs and the mid-tiers and majors want

• Large contiguous tenure over under-explored gold district
• Located in belts containing major gold deposits e.g. Callie >6.5Moz (Newmont) and Groundrush (Northern Star)
• Portfolio of quality targets and encouraging exploration results
• Supportive shareholders
• Motivated JV partner
• Experienced exploration management

Exploration Management in Place

Successful explorers and know what it takes to make a mine

Exploration Strategy

Discovery to Prefeasibility = Greatest Return to Shareholders

Exploration Strategy

• Start with industry standard practice

• Systematic work plan prioritising large scale targets (>1Moz)

• Review data critical for predictive targeting

  • Field mapping
  • Geochemistry
  • Alteration mapping
  • Annual General Meeting • Geophysics
  • 2 November 2016 • Structural Interpretation

• Prospectivity analysis to drive data acquisition

• Ranking of Prospects

  • Geological parameters
  • Strength of anomalism
  • Cost to progress

• Success criteria

• Decide funding path

• Drill, Drill, Drill

Exploration Strategy

Classify and Rank by Exploration Stage

Findability Challenges

• Cover (sand/basalt)
• Effectiveness of Geophysics
• Geological understanding of the area
• Logistics and cost of testing
• Complexity of mineralisation
• Time & holding cost

Interpretation of RTP 1VD magnetics at the Capstan Prospect

Expediting Discovery

Annual General Meeting

• Scale of tenements and cost is too large to fund independently
  • An increasing proportion of funds are required to maintain holding
• ABM to focus on stand alone (world class) opportunities to deliver value to shareholders
• Partner prospective early stage areas to expedite success (eg Lake Mackay)
• Partner/divest targets that are not of a scale to be standalone deposits (eg Twin Bonanza)
• Partnering brings technical and financial support and accelerates target testing

Suplejack Prospect – Suess Fault Breccia

Partnering is an effective way of expediting discovery

Implementing the Strategy

Suplejack project: an emerging camp-scale target

• Over 60 km north trending structural trend
  • Comprising mafics and interbedded sediments
  • Significant gold anomalism located at cross-cutting structures
  • 1.6 Moz Groundrush deposit immediately to the south
• Historic data has highlighted numerous gold targets
  • Airborne geophysics
  • Surface geochemistry
  • Shallow drilling
• Hyperion deposit drill tested by Newmont in 2003
  • Less than 9,000 metre RC drilling to an average depth of ~150 m
  • ABM resource 3.0 Mt at 2.11 g/t for 202,200 oz (c/o 0.8 g/t)1 .
• ABM completed a ~9,500 metre RC drilling program this season
  • Defined ~1,300 metres E-W mineralised structure
  • Average depth of drilling ~80 metres below surface
  • Significant additional drill intercepts at Pandora (9 m at 6.32 g/t) and Brokenwood (3 m at 9.34 g/t)
• ABM is currently drilling a 2,000 metre diamond drill program
  • New structure identified (Suess Fault)
• Drilling results out this in the December quarter
• Updated Resource in Q1 2017

Annual General Meeting 1 Refer press release 5th February 2013 and 16th April 2012 for details; Re-reported in 2013/14, 2014/15, and 2015/16 annual reports to be compliant with JORC 2012.

2 November 2016

Suplejack Prospect: extending mineralisation for over 1.3 km

• Significant mineralisation over 1.3 km strike drilled to an average depth of 80 m below surface
  • Defined three additional economic grade shoots to the east of Hyperion
  • Wide intercepts within strong alteration halo (haematite, epidote-chlorite and silicification)
• Mineralisation is open at depth
  • Framework diamond drilling program underway to confirm model and extend Resources
  • Further infill and extensional drilling to extend current resources will follow

Suplejack project: Hyperion drilling

Hyperion-Tethys H2 2016 drill collar plan

Annual General Meeting

Hyperion-Tethys extended to 1.3km strike length

Before Suess drilling

Tethys Cross section

Annual General Meeting

Wide – Good Grade - Shallow

Suess Extension

Annual General Meeting Interpretation of the Suess Fault confirmed by diamond core

Lake Mackay project: gold and base metal exploration

• Independence Group NL are exploring the Lake Mackay project
• Seen as a belt scale opportunity with the potential to host gold and base metal deposits
• Independence to fund $6 million by May 2020 to earn 70%
• Completed extensive multi-element soil sampling program
• Ground electromagnetic survey and initial drilling at Bumblebee identified a mineralised portion of a potential VMS system
  • 7 m at 3.3g/t gold, 37.7g/t silver, 3.2% copper, 0.9% lead, 1.3% zinc and 0.08% cobalt
• Based on this initial success Independence undertook a detailed airborne electromagnetic survey over the whole district

Lake Mackay project: gold and base metal exploration

• Initial soil, aircore and MLEM "encouraging"
• 14 hole RC program underway testing 3 targets
• Aiming to identify the source of surface anomalism and EM responses
• Results of the RC program are expected in December
• Work to date has commenced testing of only 7% of the total package

Way Forward

Suplejack

• Diamond drilling program nearing completion
• Assay results expected in December
• Resource Model update Q1 2017

Bonanza

• Process to be completed in December

Rest of Field

• Complete a strategic review of all project areas and targets
• Starting review with Suplejack, Bluebush and Tanami areas
• Generate work programs to progress high rank targets to the next stage
• Compile into revised budget and 3 year plan
• Present to the Board in Q1 2017
• Continue field activities where possible during the wet season
• Commence drilling as soon after the wet season as possible

Tanami districts and deposit (Resources + production) map

CapitalStructure
Shares on Issue (m)	373.6
1Available Cash (A$m)	6.3
2Market Cap(A$m)	29.1

Board of Directors
Tommy McKeith	Non-ExecutiveChairman	Appointed27/06/16
Matt Briggs	Managing Director	Commenced3/10/16
Susie Corlett	Non-Executive Director	Appointed8/3/16
Brett Smith	Non-Executive Director	Appointed9/5/16

Shareholding Structure3

KeyManagement
Managing Director
CFO and Company Secretary
Senior Exploration Geologist

1Available cash excludes A$4.3m cash reserved for required cash backing of environmental bonds and A$0.8m R&D tax refund as at 30 September 2016 2 Based on closing share price of $0.078 as at 1 November 2016

3 Substantial shareholders as at 30 September 2016

Appendices

Board

Board
TommyMcKeith(IndependentNon-ExecutiveChairman)	•Geologist, BSc Hons (Geol),GDE (Mining), MBA, Fellow AusIMM•27 years' experience in various exploration, business development, mine geology and executive leadership roles•Led exploration teams to several significant discoveries and concluded several significant business development transactions•Former Executive Vice President: Growth and International Projects for Gold Fields Ltd, responsible for global exploration and projectdevelopment•Was CEO of Troy Resources Ltd and held non-executive director roles at Sino Gold Ltd and Avoca Resources•Currently a non-executive director of Evolution Mining Ltd and principal in various private resource investment companies
Matt Briggs(ManagingDirector)	•Geologist,BSc Hons (Geology), Member AusIMM•20 years' experience in Australia and internationally in various aspects of mine geology, exploration, project management andstrategicleadership in the gold industry•Worked at a number of mine sites in Western Australia and worked internationally on projects in Africa•Headed Group Strategic Planning for Gold Fields Limited•Was directly involved or managed teams that have discovered several multi-million ounce gold deposits
Susie Corlett(Non-ExecutiveDirector)	•Geologist & Finance Professional, BSc Hons (Geology) MAusIMM, GAICD•23 yearsexperience internationally encompassing exploration, mining, mining finance, and investment roles•Proven expertise in identifying and implementing growth strategies for exploration and mining companies•Geology courier spans exploration, open pit and underground mining of gold and base metals, principally for RGC Limited and GoldfieldsLimited•Investment Director of Pacific Road Capital Management•Former Director of Mawson West, executive at Standard Bank and Macquarie Bank, and geologist at RGC and Gold Fields
Brett Smith(Non-ExecutiveDirector)	•BengHons (Chem), MBA, MA•30 years' international experience in the engineering, project development and organisational change management•Participated in the development and delivery of a number of mining and mineral processing projects including coal, iron ore, base andprecious metals•Managed engineering and construction companies in Australia and internationally•Currently Executive Director of Dragon Mining Limited and Deputy Executive Chairman of APAC Resources Limited

Hyperion Inferred Resource Estimate at 0.8g/t cut-off
Category	Tonnes	Grade (g/t gold)	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
Hyperion Inferred Resource Estimate at 2.0 g/t cut-off

Category	Tonnes	Grade (g/t gold)	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 5th February 2013 and 16th April 2012 for details; Re-reported in 2013/14, 2014/15 and 2015/16 annual reports to be compliant with JORC 2012.

Current Tenement Holding

ABM is well positioned with a clear strategy to unlock the discovery potential

• Large contiguous tenure over under-explored gold district
  • Over 13,000km2 of granted tenure
  • Over 24,000km2 application tenure
  • Located in belts containing major gold deposits e.g. Callie (Newmont) and Groundrush (Northern Star/Tanami Gold)
• A team with a demonstrated track record of discovery
  • Either led or was part of a team on several major gold discoveries
  • Well experienced at operating in the Tanami region
  • Overhead costs kept low meaning the majority of funds are focused on in-ground activity
  • Progress rapidly to drill testing using a predictive approach based on structural geology and multi-element geochemistry
• Well funded with strong investor support
  • ~$6.3 million cash excluding A$4.3m cash reserved for required cash backing of environmental bonds and A$0.8m R&D tax refund
  • 46% of the company's shares held by top four investors
• Focus exploration on the Suplejack and Tanami projects
  • Extend and delineate mineralisation at the Suplejack project
  • Systematically explore and drill test targets at the Tanami project
• Independence Group NL is systematically exploring the Lake Mackay project as part of its 70%1 JV earn-in
• Divest or farm-out the Bonanza and North Arunta projects

1 Independence will earn a 70% interest in Lake Mackay project by sole funding $6 million in exploration expenditure by May 2020