PRODIGY GOLD NL — AGM Information 2021

Nov 28, 2021

Systematically exploring the Tanami

Annual General Meeting Presentation November 2021

Important information and competent person

IMPORTANT INFORMATION

This presentation has been prepared by Prodigy Gold NL ("Prodigy Gold" 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. Prodigy Gold 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, Prodigy Gold 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 opinion 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. Prodigy Gold 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 Prodigy Gold.

COMPETENT PERSONS STATEMENT

The information in this presentation relating to exploration targets and exploration results is 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 Prodigy Gold 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.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.

Refer to previous Company ASX announcements for full resource estimation details, drill hole details, and intercept calculations. Prodigy Gold NL confirms that it is not aware of any new information or data that materially affects the information included in the market announcement and that all material assumptions and technical parameters underpinning the estimates included in referenced previous market announcements continue to apply and have not materially changed.

Approved for release by Managing Director, Matt Briggs, contact (08) 9423 9777

Corporate Snapshot

CapitalStructure	ASX:PRX
Shares on Issue	582.6m
Unlisted options	18.05m
Net Cash1	A$4.4m
Market Cap2	A$21m

Shareholding Structure3

• 1 Available cash as at 30 September 2021. Excludes A$2.4m cash reserved for required cash backing of environmental bonds
• 2 Based on closing share price of $0.036 as at 17 November 2021
• 3 Substantial shareholders as at 31 October 2021

Share Price Chart

Investment Highlights

Assets an explorer needs and a producer wants...

Enviable greenfields and brownfields portfolio in highly prospective Tanami region

• Massive strategic land holding in proven Tanami gold province
• Region is home to multiple 1Moz+ discoveries including Newmont's 14.2Moz Callie Gold Mine

JVs

Aggressively advancing 100% owned priority projects

• Extensive resource definition programs planned to progress current resources
• 15.7Mt @ 2.0g/t for 1.01Moz gold resource

Accelerating Cu-Au and base metal projects with +$30m of earn-ins

• IGO 70/30 JV over Lake Mackay IGO 8.5% holder of Prodigy Gold shares
• Newmont to spend $12M to earn up to 70% of Tobruk + $2.5m cash + financing

Experienced management, well funded & supportive shareholders

• Experienced management team with a track record of exploration success
• Significant earn-in commitments from JV partners

Diligent Greenfields Exploration

Building our understanding of the Tanami over the last 5 years

• Using all the data
  • Province scale data compilation and interpretation task
  • 9 months focus on data loading and validation (10,000s drillholes loaded, over 100,000 samples loaded)
  • Looking for the value adding opportunities unsampled mineralisation including with visible gold still being found in diamond core (Golden Hind)
  • Rejected 1/3 of targets that had already been drilled once assessed with all data
• Independent review of exploration portfolio
  • Independent resource estimates on Old Pirate, Buccaneer and Hyperion to achieve industry standards
  • Independent specialist consulting team retargeted in parallel to company geologists to verify merits of targets
• Applying the right science
  • On going prospectivity analysis including machine learning
  • Lithogeochemistry studies with CSIRO to understand stratigraphy, alteration and relationship to gold mineralisation
• Focused on gold and completed JV's to bring forward discovery and access to technical specialists in other commodities:
  • Lake Mackay JV Agreement with IGO finalized
  • Euro JV with Newcrest
  • North Arunta JV with Thunderbird Metals
  • Tobruk JV with Newmont
  • Operator Mining Agreement over Old Pirate

Tanami Projects– PRX 100%

• Same corridors as Callie 14.2Moz (Newmont) & Groundrush 1.1Moz (NST)
• Extensive tenement package
• 15.7Mt @ 2.0g/t for 1.01Moz gold resource at Twin Bonanza and Hyperion

Lake Mackay JV – IGO (70% IGO / 30% PRX)

• Cu-Au, Ni-Co and Orogenic Au potential
• Exciting gold targets at Arcee/Goldbug to be followed up near-term
• Provides strategic exposure to battery and base metals targets

Tobruk JV – Newmont Goldcorp

• $12M in-ground earn-in to 70%
• $2.5M cash + Financing option

• Drill rig and staff availability challenging
• Lock downs trapped staff in SA and Eastern States
• Hard lockdown in WA and on its border causing substantial impact
• COVID-19 management plan in place/adjusted as conditions changed
• Remote community access restrictions remained
• No activity was planned within 50km of communities

2021 Exploration Activity Recap

2021 Exploration Results

Systematic exploration focus for 2021 has included:

• 12,883 Meters drilled
• RC drilling
  • Sabre
  • Scimitar
  • Reward
• Diamond drilling
  • Scimitar
  • Lake Mackay
  • Reward
  • PHD
  • Tregony
  • Buccaneer
• Aircore drilling
  • PHD
  • Buccaneer
• Geophysics
  • DHEM at Reward/Scimitar
  • Gravity at Tobruk
• Heap Leach Study Work (comminution testwork)
  • Buccaneer: Compressive strength (UCS)
  • Buccaneer: Crushing work index (CWi)
  • Buccaneer: Abrasiveness Index (Ai)

2ASX 29/11/2021 1ASX 06/10/2021 3ASX 18/01/2021 4ASX 14/07/2021 5ASX 26/05/2021

Northern Tanami – Hyperion Project

Tregony Prospect

• Strategically located 25km north of 310koz Hyperion Resource
• Land access achieved for the first time since acquisition
• Tregony 3km strike typically drilled to only 80m below surface
• Diamond drilling completed in the historical resource area
• Aircore and co-funded diamond drilling completed at PHD
• Defined 11km gold anomaly at PHD

Northern Tanami – Hyperion Project

Tregony Prospect

• Validation of historical data and materially upgraded prospectivity
• New geological model developed stacked veins adjacent to Suplejack Fault
• Diamond hole intersected 7 intervals of veining, one with visible gold
• Significant potential to the north under shallow cover
• Major focus for 2022 RC and diamond drilling

Buccaneer: Heap Leach Scoping Study

• Initial comminution testwork completed
  • Results more favourable than used in concept study
• Aircore drilling demonstrated potential oxide resource extensions 150m to the south
• Metallurgical diamond drilling completed (results pending)
• Crush size recovery testwork planned
• Scoping study density of geotechnical drilling completed

Visible gold in 2021 Buccaneer drilling

1ASX 6/10/2017

Reynolds Range Au-Cu Project

• Large scale gold and base metal anomalies
• Gold previously identified along 14km trend
• Copper mining at Reward >11% Cu
• Previous drilling shallow with positive results
• 1,549m RC drilling completed at Sabre Au, Scimitar Cu-Au and Reward EM targets
• 283m Diamond hole and DHEM completed at Reward

Azurite and malachite at the Reward Mine

Reynolds Range Project

ASX 18/01/2010 & 14/07/2021

• Significant surface Cu-Au anomalism
  • Up to 19.3% Cu and 7.5g/t Au in rockchips
• Extensions to oxide and plunge mineralisation defined at Sabre
  • 7m @1.5gt Au from 116m & 15m @0.4g/t Au 205m
• Drilled EM conductors at Reward and Scimitar
  • Source of conductors not confirmed
  • Further EM and drilling being considered for 2022

ASX 24/11/2020

Lake Mackay JV

• 3,314m of RC and diamond drilling
• Testing of gold soil anomalies
  • Bedrock gold at Goldbug
  • 16m @ 1.15g/t Au
• Diamond drilling of deeper EM conductors
  • Phreaker 4.5m @ 3.03% Cu, 1.78g/t Au & 17.47m @ 2.13% Cu, 0.21g/t Au
• Future work
  • Drilling of three gold targets
  • Strike and plunge extensions at Phreaker
  • Airborne EM on Warrumpi applications

Lake Mackay JV Area TMI VRTP magnetic image

ASX 18/09/2017 & 17/07/2019 & 19/10/2019 & 18/01/2021 & 26/05/2021

Phreaker Prospect

30.6m sulphide intersected including: 4.5m @ 3.03% Cu, 1.78g/t Au and 14g/t Ag and 17.47m @ 2.13% Cu, 0.21g/t Au and 9g/t Ag

Large scale copper gold system

Tobruk JV

• Newmont to spend $12M to earn up to 70% of Tobruk + $2.5m cash + financing
• 3,057km2 project prospective for gold
• Adjacent to Newmont's Callie Mine
  • Projected mine life until 2040
  • New shaft expected to increase capacity to 3.5 Mt/y, from 2.6 Mt/y
  • 450 km gas pipeline recently constructed
• Three anomalies identified in deep sensing geochemistry in 2021
  • 143 deep sensing geochemical samples were collected
• On ground work suspended due to ongoing COVID-19 restrictions

Tobruk JV Area TMI VRTP magnetic image

18

A Clear Focus on Unlocking Value in 2022

100%-owned portfolio:

• Progress scoping study at Buccaneer focused on a heap leach processing scenario as the base case
• Define resource extensions and controls of mineralisation at Buccaneer
• Aggressively drill northern extension of the Tregony gold system
• Drilling of under cover structural targets in the Tanami
• Joint ventures to bring forward discovery and reduce holding costs

Joint Venture Portfolio:

• Diamond drilling to continue to grow the emerging Phreaker copper deposit (IGO JV)
• RC drilling of three gold prospects (IGO JV)
• RC drilling of surface gold anomalism at Lake Mackay Project (IGO JV)
• Drilling of geochemical targets at Tobruk (NEM JV)

Contact us

Prodigy Gold NL ASX:PRX

+61 8 9423 9777

admin@prodigygold.com.au

Level 1, 141 Broadway, Nedlands WA 6009, Australia

Project	Date			Indicated			Inferred			Total
		Cut-Off Grade(g/t)	Tonnes(Mt)	Grade(g/t Au)	Metal(Koz)	Tonnes(Mt)	Grade(g/t Au)	Metal(Koz)	Tonnes(Mt)	Grade(g/t Au)	Metal(Koz)
Old Pirate 1	Aug-16	1.0	0.04	4.6	7	0.72	4.7	109	0.76	4.7	115
Buccaneer2	Aug-17	1.0	1.2	1.7	65	8.8	1.8	520	10.0	1.8	585
Suplejack3	Jul-18	0.8	0.92	2.4	69	4.0	1.9	240	4.9	2.0	310
Total		various	2.2	2.0	141	13.5	2.0	869	15.7	2.0	1,010

Total Resource: 15.7Mt at 2.0g/t for 1.01 Moz of gold

1ASX 19 Aug 2016 2 ASX 1 Sept 2017 3ASX 31 July 2018