PRODIGY GOLD NL — Capital/Financing Update 2016

Dec 6, 2016

ASX ANNOUNCEMENT / MEDIA RELEASE ASX:ABU

7 December 2016

Exploration Update – Suplejack Drilling Results

ABM Resources NL ("ABM" or the "Company") is pleased to advise exploration RC and diamond drilling on the 100% owned Suplejack Project has successfully intersected the structures targeted and confirmed the recently discovered Suess Breccia.

Highlights

• Targeted structures were intersected in all holes
• Significant gold intercepts, including
  • Suess, hole TYRD100003 – 13 metres at 5.6 g/t gold
  • Hyperion South hole HSRD100002 – 9 metres at 5.4 g/t gold
• The interpretation of Suess as a north-south striking structure is confirmed and open along strike and down dip
• Observations from diamond drilling have resulted in multiple other analogous targets being identified

A total of 7 holes for 1,906 metres of drilling has confirmed the recently discovered Suess Breccia and observations from diamond core aid the understanding of the shoot controls. The data has resulted in the identification of other structures with similar characteristics to those seen in the southern part of the Suplejack Project. Additionally the data will contribute to the update of the Hyperion-Tethys Mineral Resource in the first quarter of 2017.

Background

The Hyperion-Tethys Prospect is situated within the emerging camp-scale Suplejack Project on exploration license EL9250 (Figure 1). RC drilling carried out in June 2016 demonstrated that gold mineralisation extends along the east-west striking Hyperion-Tethys structure for at least 1,300 metres (ASX 18 July 2016). Drilling has confirmed gold mineralisation exhibiting both, strong grades and widths, and potential exists to extend the current resource of 3.0Mt at 2.11 g/t gold for 202,200oz (Appendix 1). The Hyperion-Tethys Prospect was previously drilled to less than an average 80 metres below surface, which has now been extended to depth up to 220 metres below surface.

Figure 1: Geology and prospect location plan for the southern portion of the Suplejack Project

The most recent drilling program, completed in November 2016, has allowed ABM geologists to collect detailed high quality data from diamond core. This confirmed the interpretation of the recently discovered Suess Breccia as a north south-striking structure and aided the understanding of the controls on the shoots on the Hyperion-Tethys Structure.

Figure 2: Collar plan of the 2016 Hyperion-Tethys drilling program

The interpretation of Suess is confirmed by the intersection of strong mineralisation in TYRD100003 (Figure 3). Arsenopyrite in a quartz breccia intersected the structure in the targeted depth and returned a result of 13 metres @ 5.6g/t gold at 221 metres downhole. This intersection is 180 metres vertically below surface. The results of the drilling are being incorporated into a Mineral Resource update to be completed and released in the first quarter of 2017.

Figure 3: Suess Breccia: a) Cross section 7836460 metres North and b) Longitudinal projection

Drill holes previously reported (ASX 26 Jul 2016), now re-interpreted to be the Suess Breccia, are rereported in Table 3 and illustrated in Figure 3b. The consistency, grade and shallow depth of the intersections to date warrants further drilling to extend the structure along strike to the north and south in the 2017 drilling season.

Drilling confirmed the interpretation of the Suess Breccia to be parallel to stratigraphy and to be likely a splay parallel to the regionally continuous Suplejack Fault. The Suplejack Fault extends for at least 50 kilometres within ABM's tenements, and a majority of this fault has had limited previous drilling.

The understanding of the interplay of structures and stratigraphy has resulted in the re-interpretation of the southern area of the Suplejack Project and the identification of structures with similar characteristics to the Hyperion-Tethys Structure. Multiple target structures (Figure 1) within the Suplejack Project area have been recognised in recent field mapping, re-interpretation of geophysical data and previous reconnaissance sampling programs. The Suplejack Project appears to be a mineralised system with the potential to contain multiple mineralised structures. Hyperion South (Figure 4) is an example of one of these targets, at an early stage of understanding, demonstrating the potential to host significant mineralisation.

Figure 4: Hyperion South cross section 613700 metres East

The new targets will be ranked within ABM's target portfolio over the coming months and prioritised for drilling in 2017.

Next Steps

• Geological modelling and grade estimation for an update on the Hyperion-Tethys Mineral Resource model in the first quarter of 2017
• Continue definition of the Suess Breccia early in the 2017 drilling season
• Rank and prioritise other Suplejack Project targets as part of the strategic review of ABM's target portfolio

Matt Briggs Managing Director

About ABM Resources

ABM is an established gold exploration company with a successful track record of discovery in one of Australia's premier gold mining districts. The Company owns gold resources and extensive prospective land holdings in the Central Desert region of the Northern Territory. The new Company leadership is implementing a strategy of aggressive cost management initiatives and is developing a disciplined, tightly focused exploration strategy. Activities are currently focused on the Company's under-explored 36,000 km2 Tanami Project area and includes:

• Drilling of advanced prospects in the Suplejack area
• Systematic evaluation of high potential early stage targets
• Assessment of existing resources and
• Exploring opportunities for joint ventures and divestment of early stage targets

Hole ID	Vertical Depth(m)	From(m)	To(m)	Interval 1(m)	Grade Au(g/t)	Gram Metres$(g/t \times m)$	Comment
HSRD100002	195	221	230	9	5.5	49	Hyperion South
HYRD100001	165	189	196.6	7.6	1.1	8	Hyperion
HYRD100002		Abandoned before target
HYRD100003	245	279	284	5		Structure only - NSA	Hyperion
TYRD100002	173	199	203	4	0.8	3	Tethys Hangingwall
TYRD100002	178	205	209	4	1.1	4	Tethys
TYRD100003	150	184	197	13	5.6	73	Suess
TYRD100004	113	134	137	3		Structure only - NSA	Suess

Table 1: Suplejack Significant Drill Intercepts

Table 2: Suplejack Drill Hole Co-ordinates

	Total Depth	RC Precollar Depth
Hole ID	(m)	(m)	East 1	North 1	RL(m)	Dip	Azimuth 2	Comments
HSRD100002	323m	96	613701	7836075	410	-60	$356.5^\circ$
HYRD100001	247m	120	613079	7836650	428	-60	$356.5^\circ$
HYRD100002	102m		613128	7836611	413	$-72$	$356.5^\circ$	Redrilled as HYRD100003
HYRD100003	360m	156	613173	7836552	412	-60	$356.5^\circ$
TYRD100002	238m	138	613477	7836549	411	-60	$356.5^\circ$
TYRD100003	336m	108	614340	7836425	419	-60	$266.5^\circ$
TYRD100004	300 m	47	614257	7836352	415	-60	$266.5^\circ$

Hole ID	VerticalDepth(m)	From(m)	To(m)	Down Hole Interval(m)	True Width 2(m)	Grade Au(g/t)	Gram Metres$(g/t \times m)$	Comment
TYRC100036	53	62	72	10	6	4.3	27	Seuss Hangingwall
TYRC100036	66	77	91	14	9	2.6	23	Seuss Structure
TYRC100030	62	74	89	15	9	5.3	49	Seuss Structure
TYRC100035	65	77	91	14	9	5.3	46	Seuss Structure
TYRC100029	61	72	84	12		2.3	17	Seuss Structure
TYRC100029	73	86	90	4	4	2.5	10	Tethys Structure
TYRC100028	29	36	43			13.2	92	Tethys Structure

Table 3: Re-report ASX 26 July 2016 of intersections now interpreted as the Suess Breccia

Competent Persons Statement

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.

The information in this announcement and Appendix that relate to 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.

Appendix 1: Hyperion Inferred Resource statement for Hyperion

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

Note: Totals may vary due to rounding. Refer to press release 16th April 2012 for details. Re-reported in 2013/2014, 2014/2015 and 2015/2016 annual report to be compliant with JORC 2012.

Appendix 2: Suplejack JORC Tables

JORC Code, 2012 Edition

Criteria	JORC Code explanation	Commentary
Samplingtechniques	Nature and quality of sampling (eg cut channels,random chips, or specific specialised industrystandard measurement tools appropriate to theminerals under investigation, such as down holegamma sondes, or handheld XRF instruments,etc). These examples should not be taken aslimiting the broad meaning of sampling.Include reference to measures taken to ensuresample representivity and the appropriatecalibration of any measurement tools or systemsused.Aspects of the determination of mineralisationthat are Material to the Public Report.In cases where 'industry standard' work has beendone this would be relatively simple (eg 'reversecirculation drilling was used to obtain 1 msamples from which 3 kg was pulverised toproduce a 30 g charge for fire assay'). In othercases more explanation may be required, such aswhere there is coarse gold that has inherentsampling problems. Unusual commodities ormineralisation types (eg submarine nodules) maywarrant disclosure of detailed information.	ABM has used a multi-purpose diamond rig.Reverse Circulation (RC) drilling techniquesare used to obtain 3m composite samples or1msampleswhenmineralisationisanticipated.Diamond core at NQ3 diameter was collectedthrough interpreted target zones.RC samples were speared into calico bags at3m intervals, producing a nominal 3kgsample. The samples were pulverised by thelab to produce a 40g charge for fire assay,with the remainder left on site for loggingpurposes by ABM geologists.The RC cyclone was cleaned out at 6mintervals and thoroughly at the end of eachholetoensureappropriatesamplerepresentivity.Upon completion of orientating and geologicallogging; diamond core was cut lengthways,producing a nominal 2kg sample (minimum0.3 metres, maximum 1.1 metres, generally 1metre), with the remaining half retained onsite.Samples were pulverised by the lab toproduce a 40g charge for fire assay.Bag sequence is checked regularly by fieldstaff and supervising geologists.
Drillingtechniques	Drill type (eg core, reverse circulation, open-holehammer, rotary air blast, auger, Bangka, sonic,etc) and details (eg core diameter, triple orstandard tube, depth of diamond tails, facesampling bit or other type, whether core isoriented and if so, by what method, etc).	ABM drilling was undertaken with a SandvikDE840. This rig has a depth capability ofapproximately 500m (RC) or 2,000m (NQ3),using a 500psi, 900cfm Sullair compressorand auxiliary booster. RC precollars weredrilled with 5 5/8" diameter bit and diamondcore with NQ3.Core is oriented by Reflex Ace orientationtool. Core runs are reduced in broken groundto increase the number orientation marks.
Drill samplerecovery	Method of recording and assessing core and chipsample recoveries and results assessed.Measures taken to maximise sample recoveryand ensure representative nature of the samples.Whether a relationship exists between samplerecovery and grade and whether sample biasmay have occurred due to preferential loss/gainof fine/coarse material.	RC sample size was monitored at the drill siteby the responsible geologist to ensureadequate recovery. No relationship betweensample recovery and grade is apparent.With good recoveries sample bias is unlikelydue to preferential loss/gain of fine/coarsematerial occurring.Core recoveries were good, with only minorintervals missing due to core loss in brokenground.
Logging	Whether core and chip samples have beengeologically and geotechnically logged to a levelof detail to support appropriate MineralResource estimation, mining studies andmetallurgical studies.Whether logging is qualitative or quantitative innature. Core (or costean, channel, etc)photography.	ABMdrillingsamplesweregeologicallylogged at the drill rig or in the core yard by ageologistusingalaptopwithMaxwellLogchief data capture system. Data onlithology, weathering, alteration, magneticsusceptibility, ore mineral content and style ofmineralisation, and quartz content and style ofquartz were collected.Diamond core is also logged for structure,

Criteria	JORC Code explanation	Commentary
	The total length and percentage of the relevantintersections logged.	geotech and specific gravityLogging is both qualitative and quantitative.Lithological factors, such as the degree ofweathering and strength of alteration arelogged in a qualitative fashion. The presenceofquartzveining,specificgravity,andminerals of economic importance are loggedin a quantitative manner.
Sub-samplingtechniquesand samplepreparation	If core, whether cut or sawn and whetherquarter, half or all core taken.If non-core, whether riffled, tube sampled, rotarysplit, etc and whether sampled wet or dry.For all sample types, the nature, quality andappropriateness of the sample preparationtechnique.Quality control procedures adopted for all subsampling stages to maximise representivity ofsamples.Measures taken to ensure that the sampling isrepresentative of the in situ material collected,including for instance results for fieldduplicate/second-half sampling.Whether sample sizes are appropriate to thegrain size of the material being sampled.	RC samples were speared as 3m compositesusing a PVC tube. One pre-collar wasspeared as 1m intervals in an area of possiblemineralisation.All intervals were sampled dry.Diamond core was cut by Almonte core saw.Half core was taken for analysis, and theremaining half retained on site.RC field duplicates were taken every 50samples. RC and diamond samples have ablank or standard inserted every 50 samples.Blank material was sourced from a quarry inAlice Springs – this material matches thatpreviously used as a flush material by ALS inAlice Springs. Three certified standardsacquired from GeoStats Pty. Ltd., withdifferent gold grade and lithology, were alsoused.Upon receipt by the laboratory samples werelogged, weighed, and dried if wet. Sampleswere then crushed to 2mm (70% pass), thensplit using a riffle splitter, with 250g crushed to75 µm (85% pass). 40g charges were then fireassayed.
Quality ofassay dataandlaboratorytests	The nature, quality and appropriateness of theassaying and laboratory procedures used andwhether the technique is considered partial ortotal.For geophysical tools, spectrometers, handheldXRF instruments, etc, the parameters used indetermining the analysis including instrumentmake and model, reading times, calibrationsfactors applied and their derivation, etc.Nature of quality control procedures adopted (egstandards, blanks, duplicates, external laboratorychecks) and whether acceptable levels ofaccuracy (ie lack of bias) and precision have beenestablished.	All samples have been analysed for gold byBureau Veritas.For low detection, ABM use a lead collectionfire assay, read by ICP-AES, which is aninductively coupled plasma atomic emissionspectroscopy technique, using a 40g samplecharge with a lower detection limit of0.001ppm Au and an upper limit of 1,000ppmAu.In addition to standards and blanks previouslydiscussed, Bureau Veritas conducted internallabchecksusingstandards,blanks.Standardsandblanksreturnedwithinacceptable limits, and field duplicates showedgood correlation.
Verificationof samplingand assaying	The verification of significant intersections byeither independent or alternative companypersonnel.The use of twinned holes.Documentation of primary data, data entryprocedures, data verification, data storage(physical and electronic) protocols.Discuss any adjustment to assay data.	Significantintersectionswerecalculatedindependently by the database administratorand senior exploration geologist.The drilling being reported is exploratory innature. As such, none of the holes have beentwinned in the current program.Whereresults warrant, follow-up drilling will becompleted.For drilling data, ABM uses the Maxwell DataSchema (MDS) version 4.5.1. The interface tothe MDS used is DataShed version 4.5 andSQL 2008 R2 (the MDS is compatible with

Criteria	JORC Code explanation	Commentary
		SQL 2008-2012 –most recent industryversions used). This interface integrates withLogChief and QAQCReporter 2.2, as theprimary choice of data capture and assayquality control software. DataShed is asystem that captures data and metadata fromvarious sources, storing the information topreserve the value of the data and increasingthevaluethroughintegrationwithGISsystems. Security is set through both SQLand the DataShed configuration software.ABM has a full time Database Administratorand an external contractor with expertise inprogrammingandSQLdatabaseadministration. Access to the database by thegeoscience staff is controlled through securitygroups where they can export and import datawith the interface providing full audit trails.Assay data is provided in MaxGEO formatfrom the laboratories and imported by theDatabase Administrator. The database assaymanagement system records all metadatawithin the MDS and this interface provides fullaudit trails to meet industry best practice.
Location ofdata points	Accuracy and quality of surveys used to locatedrill holes (collar and down-hole surveys),trenches, mine workings and other locations usedin Mineral Resource estimation.Specification of the grid system used.Quality and adequacy of topographic control.	Hole collars were laid out with Handheld GPS,providing accuracy of ± 3m. Drilled holelocations vary from 'design' by as much as 5m(locally) due to constraints on access clearing.This degree of variation is deemed acceptablefor exploration drilling.Final hole locations will be determined at thecompletion of the program using DGPS wherepracticable. Where DGPS cannot be used,collarpositions will be collected with ahandheld GPS using waypoint averaging forgreater accuracythan conventional GPSpoints.The projection used is GDA94, using MGAcoordinates in Zone 52.Down hole surveys that recorded dip andazimuth have been completed in all drill holesusing a Reflex EZ-Trac single-shot cameratool. Surveys are taken every 30m and at theend of hole position.
Data spacinganddistribution	Data spacing for reporting of Exploration Results.Whether the data spacing and distribution issufficient to establish the degree of geologicaland grade continuity appropriate for the MineralResource and Ore Reserve estimationprocedure(s) and classifications applied.Whether sample compositing has been applied.	Existing drilling spacing is predominantly at 25- 50m spaced lines with 20 – 40m spacedholes. Diamond drill holes currently reportedon are designed to extend down dip or downplunge by 40 – 80m distances.Sample spacing, incorporating previous ABMRC drilling, is sufficient to provide geologicaland grade continuity.Sample compositing of 3m has been appliedto RC pre-collars not designed to intersectmineralisation. No compositing has beenapplied to mineralised intersections.
Orientationof data inrelation to	Whether the orientation of sampling achievesunbiased sampling of possible structures and theextent to which this is known, considering the	Hyperion, Tethys and Hyperion South arehosted in a shear zone with strong adjacentalteration. The structural zone and associated

Criteria	JORC Code explanation	Commentary
geologicalstructure	deposit type.If the relationship between the drillingorientation and the orientation of keymineralised structures is considered to haveintroduced a sampling bias, this should beassessed and reported if material.	mineralisation trends ESE – WNW and dips tothe south at ~75º. The drilling intersection tothe north therefore eliminates potential biasand intersects mineralisation at across thezone and not down the zone.The Seuss structure trends roughly N-S anddips to the east at ~75º. Drilling to the westthereforeeliminatespotentialbiasandintersectsmineralisationatroughly truewidths.Drill holes previously reported (ASX 26 Jul2016) now re-interpreted to be the SuessBreccia are re-reported in Table 3.
Samplesecurity	The measures taken to ensure sample security.	Samples were transported daily by ABMpersonnel from the drill locations to theCentral Tanami mine site, where twice weeklythey were loaded onto a courier truck, andtaken to the secure preparation facility inAdelaide, via Alice Springs. The preparationfacilities use the laboratory's standard chainof custody procedure.
Audits orreviews	The results of any audits or reviews of samplingtechniques and data.	ABM has conducted several lab visits to thePerth laboratory facilities and found no faults.QA/QC review of laboratory results is ongoingas results are finalized with no standards orblanks performing poorly to date. ABM hasalso conducted annual reviews at the end ofevery calendar year, and found no significantstatistical outliers.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code explanation	Commentary
Mineraltenementand landtenure status	Type, reference name/number, location andownership including agreements or materialissues with third parties such as joint ventures,partnerships, overriding royalties, native titleinterests, historical sites, wilderness or nationalpark and environmental settings.The security of the tenure held at the time ofreporting along with any known impediments toobtaining a licence to operate in the area.	Suplejack prospects are located on EL 9250in the Northern Territory. The tenement iswholly owned by ABM, and subject to the'Granites' agreement between ABM and theTraditional Owners via Central Land Council(CLC). The Exploration Lease transferred toABM in December 2009.
Explorationdone byother parties	Acknowledgment and appraisal of exploration byother parties.	The target area was first recognised in thisdistrict by surface geochemistry and shallowlines of RAB drilling in the late 1990s by OtterGold NL. North Flinders, Normandy NFM andNewmontAsiaPacificsubsequentlyallconducted exploratory work on the projectwith the last recorded drilling (prior to ABM)completed in 2005. Previous exploration workprovided the foundation on which ABM basedits exploration strategy.
Geology	Deposit type, geological setting and style ofmineralisation.	Geology at Suplejack consists of a maficstratigraphic package and occasional steeplydipping sedimentary rocks (sandstone andshale); in places intruded by granite dykes.

Criteria	JORC Code explanation	Commentary
		Mineralisation is disseminated and coarsegold within a shear zone in the proximity of alarger granite intrusion into a sequence of NS trending mafic units.
Drill holeInformationData	A summary of all information material to theunderstanding of the exploration resultsincluding a tabulation of the followinginformation for all Material drill holes:oeasting and northing of the drill hole collaroelevation or RL (Reduced Level – elevationabove sea level in metres) of the drill holecollarodip and azimuth of the holeodown hole length and interception depthohole length.If the exclusion of this information is justified onthe basis that the information is not Material andthis exclusion does not detract from theunderstanding of the report, the CompetentPerson should clearly explain why this is the case.In reporting Exploration Results, weighting	Summaries of all material drill holes areavailable within the Company's ASX releases.Grade averages calculated on diamond core
aggregationmethods	averaging techniques, maximum and/orminimum grade truncations (eg cutting of highgrades) and cut-off grades are usually Materialand should be stated.Where aggregate intercepts incorporate shortlengths of high grade results and longer lengthsof low grade results, the procedure used for suchaggregation should be stated and some typicalexamples of such aggregations should be shownin detail.The assumptions used for any reporting of metalequivalent values should be clearly stated.	sampled at varying intervals are weighted bythe sample length.ABM does not use grade truncations forreporting of exploration results.ABM reports significant intercept values at0.5g/t Au. The 0.5g/t Au is an average of allcontinuous values which collectively averagegreater than 0.5g/t Au, with no more than 3continuous metres below this cut-off.
Relationshipbetweenmineralisation widths andinterceptlengthsDiagrams	These relationships are particularly important inthe reporting of Exploration Results.If the geometry of the mineralisation withrespect to the drill hole angle is known, its natureshould be reported.If it is not known and only the down hole lengthsare reported, there should be a clear statementto this effect (eg 'down hole length, true widthnot known').Appropriate maps and sections (with scales) and	From surface mapping and previous drilling inthe district, host lithologies and mineralisationare most commonly steeply dipping (between60 and 80 degrees). Where sufficient outcropexists to inform planning, drill holes areangled so as to drill as close to perpendicularto mineralisation as possible.Intercepts reported are down hole length,which is considered equivalent to the truewidthofmineralisation.Suessresultspreviously(reportedasTethys)drillingintersecting mineralisation at less optimalangles are re-calculated and reported as truewidths in Table 3.Maps and tables are located within the report
	tabulations of intercepts should be included forany significant discovery being reported Theseshould include, but not be limited to a plan viewof drill hole collar locations and appropriatesectional views.	or associated appendices, and released withall exploration results.
Balancedreporting	Where comprehensive reporting of allExploration Results is not practicable,representative reporting of both low and high	The Company reports all assays as they arefinalised by the laboratory and compiled intogeological context.

Criteria	JORC Code explanation	Commentary
	grades and/or widths should be practiced toavoid misleading reporting of ExplorationResults.
Othersubstantiveexplorationdata	Other exploration data, if meaningful andmaterial, should be reported including (but notlimited to): geological observations; geophysicalsurvey results; geochemical survey results; bulksamples – size and method of treatment;metallurgical test results; bulk density,groundwater, geotechnical and rockcharacteristics; potential deleterious orcontaminating substances.	The Company reports all other relevantexploration results.
Further work	The nature and scale of planned further work (egtests for lateral extensions or depth extensions orlarge-scale step-out drilling).Diagrams clearly highlighting the areas ofpossible extensions, including the maingeological interpretations and future drillingareas, provided this information is notcommercially sensitive.	Further work currently underway includes a3D geological and structural interpretation forthe Suplejack area with the aim of updatingthe Hyperion – Tethys Mineral Resource inthe first quarter of 2017.The consistency, grade, and shallow depth ofthe intersections at Seuss to date warrantsfurther drilling to extend the structure alongstrike to the north and south in the 2017drilling season.Seuss drilling, extensional drilling at Hyperion,Tethys and Hyperion South, and drill testingof additional target structures will be designeduponcompletionofthe3Dgeologicalinterpretation and Mineral Resource update inthe first quarter of 2017.