PRODIGY GOLD NL — Capital/Financing Update 2019

Aug 18, 2019

ASX ANNOUNCEMENT / MEDIA RELEASE ASX: PRX 19 th August 2019

Euro JV Project Drilling Update: Additional gold intersected

HIGHLIGHTS

• Drilling program aimed at testing highly prospective targets identified at the Dune Prospect which is located 1.5km to the south of Newmont Mining's Oberon Deposit
• Seven RC/diamond holes completed for a total of 2,730m across three targets at the Dune Prospect
• Broad intersection of 36m @ 0.65g/t Au including 20m @ 0.95g/t Au intersected along the same trend as previously reported 2m @ 12g/t Au and 3m @ 1.5g/t Au
• Dune Anomalism remains open to the north and west
• Follow-up RC drilling is planned to test open extensions during the September Quarter
• Aircore drilling has recently been completed on the 100% owned Capstan South Project with further assays expected to be received imminently
• Further RC drilling is planned to commence at Capstan during September

Prodigy Gold NL ('Prodigy Gold' or 'the Company') (ASX: PRX) provides an update on recently completed drilling at the Company's Euro JV Project ('the Project') which is part of a farm-in agreement with Newcrest Mining Limited (ASX: NCM) (see ASX release dated 4 July 2018).

Under the farm-in agreement, Newcrest are to sole fund up to $12M over seven years to earn up to a 75% interest in the Project, which hosts key targets along strike or parallel to the Trans-Tanami Trend which have seen limited or no previous exploration.

Prodigy Gold Managing Director Matt Briggs said: "Final results have been received from the initial 2019 drilling campaign at the Euro Project with Newcrest. RC and diamond drilling have built upon the success of last year's drilling with the intersection of 36m @ 0.65g/t Au including 20m @ 0.95g/t Au recorded in the north west of the Anomaly 2 target at Dune."

"Arsenic anomalism and gold mineralisation appears to intensify to the north and west of the target. An additional two lines of RC drilling have been planned to test this position in the September 2019 Quarter."

"Aircore drilling has recently been completed on our 100% owned Capstan South and Apertawonga Prospects, with further RC drilling also planned to commence at Capstan later this month. The RC program will infill around the results of 4m @ 6.1g/t Au and 9m @ 1.3g/t Au reported in December 2018."

Dune Prospect Overview

The Dune Prospect is located 1.5km to the south of the Newmont Oberon Deposit (Figure 1). Three targets have been drilled at the Dune Prospect. The targets have coincident geochemical anomalism and IP or magnetic geophysical anomalies. Limited previous aircore drilling intersected 3m @ 0.3g/t Au (ASX: 8 November 2018).

In late 2018, eight holes for a total of 1,466m of RC drilling were completed as the first bedrock drilling into these targets. The holes ended prior to reaching the target depth due to the intersection of water in the holes. Although not reaching target depth the initial program produced encouraging results

from these drillholes including 2m @ 12g/t Au, 8m at 1.9 g/t Au, and 2m at 3.0 g/t Au (ASX: 22 January 2019).

Figure 1 - Euro Project Prospect Location Map

Dune Drilling Results – 2019 Program

A total of seven diamond holes were drilled for a combined total of 2730m testing three targets at Dune. Drilling was completed on a nominal 400x200m spacing. All assay results have been received.

The recently completed RC/diamond program tested the IP geophysical target position for Anomaly 1 and Anomaly 2 (Figure 2). Target 3, a magnetic high now demonstrated to be Dead Bullock Formation, also had a diamond hole drilled. This hole was co-funded by the Northern Territory Government as part of its Resourcing the Territory Initiative.

Drilling at Target 1 and Target 2 aimed to test along strike of anomalous intercepts in 2018 RC drilling and interpreted folding of Oberon-style Dead Bullock formation stratigraphy. Drilling at Anomaly 1 and Anomaly 2 intercepted the Killi Killi Formation which is interpreted to overlie the prospective Dead Bullock Formation. Gold mineralisation was intersected on the northern line drilled with a best result of 36m @ 0.65g/t Au from 104m including 20m @ 0.95g/t Au from 105m in drill hole EUR0010.

Figure 2 - Dune Prospect 2019 drilling program

Figure 3 - Dune Target 2 Cross Section

EUR0010 was designed to test a 300m wide zone of gold anomalism defined in the initial RC drilling program (ASX: 22 January 2019). The 36m @ 0.65g/t zone was intersected in the RC pre-collar in the saprolite on the northernmost line on drilling into this target. The gold mineralisation correlates with a 100m wide zone of >200ppm arsenic anomalism. The results are interpreted to be enhanced by supergene enrichment. Gold and arsenic anomalism remains open to the north-west of Target 2 (Figure 2). There is no previous drilling for 1.4km to the west of the recent line of drilling and additional RC drilling has been planned for this area (Figure 4).

Drilling into Target 1 was testing the gravity gradient. The drilling intersected veining and arsenopyrite at the targeted depth but within the Killi Killi stratigraphy. The style of alteration and presence of veining highlights that mineralised fluids are present at Dune, but that the prospective Dead Bullock formation is now likely to be at a greater depth than where currently drilled at Anomaly 1 and 2. Low level anomalism was intersected with best result from hole EUR0015A of 6m @ 0.28g/t Au from 293m.

An application for co-funding from the Northern Territory Government was successful which brought forward diamond drilling at Target 3 to provide key structural and stratigraphic information. EUR0018 targeted a 1.8km x 0.5km x 1km magnetic anomaly interpreted as a fault bounded package of Dead Bullock stratigraphy. Historic AC/RAB drilling over the anomaly ended within the cover sequence and the diamond drilling has confirmed this interpretation. A 20m zone of shearing, disrupted by late faulting was intersected from 271.5 metres down hole at the Dead Bullock and Killi Killi contact. The structure returned no significant gold results. No further drilling is currently planned at Dune Target 3.

The results from the drill holes will be incorporated into the CSIRO Lithogeochemistry project advancing the understanding of the stratigraphic sequence of the Tanami Region and of the Dead Bullock Formation.

Figure 4 - Location of proposed future RC drilling at the Dune Prospect

Forward Work Program

Additional RC drilling is proposed to test the anomalous arsenic and gold trend further to the northwest at Anomaly 2 at Dune. Final design of the program is underway. Drilling is currently scheduled to be completed in the September Quarter of 2019.

Airborne magnetic survey data has allowed the refining of reconnaissance targets in the north of the Euro Project. Partial permitting of the aircore/RAB drilling has been received. Additional approvals will be required for all targets to be drilled. These include Anomaly 16, Anomaly 14, Prospero and additional targets to the north of Vivitar (Figure 1).

The Euro JV Project Background

The Euro JV Project covers ~3,478 square kilometres of exploration licences and applications in the Tanami Region of the Northern Territory (Figure 3). The Project is along strike of, or contains structures parallel to, the Trans-Tanami Trend which is the regional control of major gold deposits in the area, including Newmont Mining's Callie Gold Mine and Oberon Deposit. Previous exploration has primarily been soil sampling and patchy reconnaissance drilling with 10 of the 17 tenements in the Euro JV Project having no drilling in the last 20 years. Prodigy Gold is currently operating the exploration project.

Matt Briggs Managing Director

Follow @ProdigyGoldAu on Twitter Follow Prodigy Gold on LinkedIn

About Prodigy Gold NL

Prodigy Gold has a unique greenfields and brownfields exploration portfolio in the proven multimillion-ounce Tanami Gold district. An aggressive program for 2019 will continue to build on 2018 successes by:

• drilling targets at the Bluebush Project, including the Capstan 8km long bedrock gold anomaly
• drilling of extensions to the shallow gold Resources at Suplejack
• systematic evaluation of high potential early stage targets
• joint ventures to expedite discovery on other targets

Relevant Announcements

4 July 2018	Farm-in Agreement with Newcrest Mining signed
8 November 2018	Euro JV Project Initial Geophysics and RC Drilling Completed
22 January 2019	Drilling intersects 2m @ 12g/t Au at Euro JV Project
10 July 2019	Euro Exploration Update

Competent Person's 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 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.

Historic drillholes at Euro referred to in this announcement were prepared and first disclosed under the JORC Code 2004 or prior to JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported. This data has been used on a qualitative basis to guide targeting and target ranking and is not considered reliable for resource reporting.

Appendix 1 – Dune Prospect 2019 Drillhole Collar Locations

Hole ID	HoleType	Total Depth	East1	North1	RL1	Dip	Azimuth2
EUR0009A	RCD	399.2	604259	7754796	335	-60	222
EUR0010	RCD	315.2	603266	7754268	336	-60	43
EUR0011	RCD	310.5	603133	7754081	337	-60	222
EUR0014	RCD	324.5	604813	7754229	335	-60	40
EUR0015A	DD	504.5	604672	7754080	335	-60	43
EUR0017A	RCD	275.7	605112	7753960	336	-60	42
EUR0018	DD	600.5	599924	7752310	342	-60	200

1 GDA 94 Zone 52

2 Magnetic

Figure 5 - Dune Prospect Collar Map. 2019 drillholes are labelled

	Appendix 2 - Dune Prospect 2019 Drilling Intersections
--	--------------------------------------------------------	--	--

Hole ID	FromDepth(m)	ToDepth(m)	Interval(m)2	Result(g/t)2
EUR0010	104	125	36	0.65
including	105	125	20	0.95
EUR0010	147	150	3	0.7
EUR0015A	293	299	6	0.28

1 GDA 94 Zone 52

2 Collar information for mineralised drill holes 0.5g/t Au or where geologically significant

APPENDIX 3: JORC TABLE 1

SECTION 1: SAMPLING TECHNIQUES AND DATA

Criteria	JORC Code explanation	Commentary
Sampling techniques	Nature and quality of sampling (e.g. 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 as limiting the	Prodigy Gold has used a dedicated reverse circulation (RC) rigand a dedicated diamond (DD) rig to complete 2 DD and 5RCD holes for a cumulative depth of 2,730.1 metres at theDune Prospect.RC drilling techniques are used to obtain 1m samples of theentire downhole length. RC samples are logged geologically
	broad meaning of sampling.	and all samples submitted for assay.Diamond core was collected from either surface or from theend of the precollar to end of hole depth. Of the 2,096.5 DDmetres drilled at Dune 224.4m was PQ, 1,171.1m was HQand 695m was NQ. Upon completion of orientating andgeological logging diamond core was cut lengthways,producing a nominal 2kg sample (minimum 0.3 metres,maximum 1.3 metres, generally 1 metre), with the remaininghalf retained on site.
	Include reference to measures taken to ensuresample representivity and the appropriatecalibration of any measurement tools or systemsused	The full length of each hole was sampled. Sampling wascarried out under Prodigy Gold's protocols and QAQCprocedures as per industry best practice. Bag sequence ischecked regularly by field staff and supervising geologistagainst a dedicated sample register. See further detailsbelow.
	Aspects of the determination of mineralisation thatare Material to the Public Report. In cases where'industry standard' work has been done this wouldbe relatively simple (e.g. 'reverse circulation drillingwas used to obtain 1 m samples from which 3 kgwas pulverised to produce a 30 g charge for fireassay'). In other cases more explanation may berequired, such as where there is coarse gold thathas inherent sampling problems. Unusualcommodities or mineralisation types (e.g.	RC samples were taken using a 10:1 Sandvik static conesplitter mounted under a polyurethane cyclone to obtain 1msamples. Approximately 3kg samples were submitted to thelab. Prodigy Gold samples were submitted to Bureau VeritasAdelaide for crushing and pulverising to produce a 40gcharge for Fire Assay with AAS finish.Upon completion of orientating and geological loggingdiamond core was cut lengthways, producing a nominal 2kgsample (minimum 0.3 metres, maximum 1.3 metres,
	submarine nodules) may warrant disclosure ofdetailed information	generally 1 metre), with the remaining half retained on site.Core is oriented using the ACT Mk2 HQ/NQ core orientationtool
Drilling techniques	Drill type (e.g. core, reverse circulation, open-holehammer, rotary air blast, auger, Bangka, sonic, etc)and details (e.g. core diameter, triple or standardtube, depth of diamond tails, face-sampling bit orother type, whether core is oriented and if so, bywhat method, etc).	Prodigy Gold RC drilling was undertaken by Topdrill with aSchramm 685. This rig has a depth capability ofapproximately 600m, using a 1000psi, 1350cfm Sullaircompressor and auxiliary booster. Holes were drilled with 55/8" diameter bit. Diamond drilling was undertaken byTopdrill with a combination of PQ, HQ and NQ core diameter.
Drill sample recovery	Method of recording and assessing core and chipsample recoveries and results assessed	All RC samples were taken using a 10:1 Sandvik static conesplitter mounted under a polyurethane cyclone. Sampleswere split into calico bags and sent to the lab for assay; theremainder sample material remaining on site. Size of thesample was monitored at the drill site by the responsiblegeologist to ensure adequate recovery. Wet samples weredocumented by the responsible geologist in the field.
	Measures taken to maximise sample recovery andensure representative nature of the samples	Dust suppression was used to minimise sample loss. Drillingpressure airlifted the water column below the bottom of thesample interval to ensure dry sampling. RC samples arecollected through a cyclone and cone splitter. The samplerequired for assay is collected directly into a calico samplebag at a designed 3kg sample mass which is optimal for fullsample crushing and pulverisation at the assay laboratory.The polyurethane cyclone was emptied after each complete6m drill rod, and cleaned out every 5 rods to minimise anypotential for contamination.
		Core recoveries were good, with only minor intervals missingdue to core loss in broken ground. In areas of broken groundtriple tubbing was employed to maintain core recovery.Recoveries from drilling were generally 100%, thoughoccasional near surface samples had recoveries of 50%.

Criteria	JORC Code explanation	Commentary
	Whether a relationship exists between samplerecovery and grade and whether sample bias mayhave occurred due to preferential loss/gain offine/coarse material.	No relationship between sample recovery and grade isapparent and sample bias due to preferential loss/gain offine/coarse material is unlikely.
Logging	Whether core and chip samples have beengeologically and geotechnically logged to a level ofdetail to support appropriate Mineral Resourceestimation, mining studies and metallurgicalstudies.	Prodigy Gold drilling samples were geologically logged at thedrill rig or in the core yard by a geologist using a laptop andMX deposits. Data on lithology, weathering, alteration,magnetic susceptibility, ore mineral content and style ofmineralisation, and quartz content and style of quartz werecollected. Diamond core is also logged for structure, geotechand specific gravity.
	Whether logging is qualitative or quantitative innature. Core (or costean, channel, etc)photography.	Logging is both qualitative and quantitative. Logging factorssuch as lithology, weathering, colour and alteration arelogged qualitatively. Quartz veining and ore minerals arelogged in a quantitative manner.
	The total length and percentage of the relevantintersections logged	All holes were logged in full by Prodigy Gold geologists.
Sub-samplingtechniques andsample preparation	If core, whether cut or sawn and whether quarter,half or all core taken.	Of the 2,096.5 DD metres drilled at Dune 224.4m was PQ,1,171.1m was HQ and 695m was NQ. Upon completion oforientating and geological logging diamond core was cutlengthways, producing a nominal 2kg half core sample(minimum 0.3 metres, maximum 1.3 metres, generally 1metre), with the remaining half retained on site.
	If non-core, whether riffled, tube sampled, rotarysplit, etc and whether sampled wet or dry.	1 metre RC samples were split with a cone splitter mountedunder a polyurethane cyclone. All intervals were sampled, ifthe sample was wet it was recorded by the responsiblegeologist.
	For all sample types, the nature, quality andappropriateness of the sample preparationtechnique.	All samples have been analysed for gold by Bureau Veritas inAdelaide. Samples were dried and the whole samplepulverised to 85% passing 75µm, and a sub sample ofapproximately 200g is retained for Fire Assay which isconsidered appropriate for the material and mineralisationand is industry standard for this type of sample.Multi Element analysis was taken every other metre. Thepulps at the lab underwent mixed acid digest usingMA100/1/2.
	Quality control procedures adopted for all subsampling stages to maximise representivity ofsamples.	Field duplicates were taken every 40 samples. Standards andblanks were inserted every 20 samples. At the laboratory,regular repeat and Lab Check samples are assayed.
	Measures taken to ensure that the sampling isrepresentative of the in situ material collected,including for instance results for fieldduplicate/second-half sampling.	Samples were split using a rig mounted Sandvic static conesplitter, which was checked to be level for each hole. Sampleweights were monitored to ensure consistent samplecollection. Field duplicates are collected every 40 samples.Samples are half core and are representative for the stage ofexploration being undertaken.
	Whether sample sizes are appropriate to the grainsize of the material being sampled.	Sample sizes are considered appropriate to give an indicationof mineralisation given the particle size and preference tokeep the sample weight below 4kg to ensure the requisitegrind size in a LM5 sample mill.
Quality of assay dataand laboratory tests	The nature, quality and appropriateness of theassaying and laboratory procedures used andwhether the technique is considered partial ortotal.	Prodigy Gold use a lead collection fire assay, using a 40gsample charge, with an ICP-AAS (atomic absorptionspectroscopy) finish. The lower detection limit for thistechnique is 0.01ppm Au and the upper limit is 1,000ppm Authat is considered appropriate for the material andmineralisation and is industry standard for this type ofsample.In addition to standards and blanks previously discussed,Bureau Veritas conducted internal lab checks usingstandards, blanks. Standards and blanks returned withinacceptable limits, and field duplicates showed goodcorrelation.In addition to gold assaying, ~50% of samples undergo mixedacid digestion where an aliquot of sample is weighed anddigested with a mixture of nitric, perchloric and hydrofluoricacids. This method produces results for 59 elements.

Criteria	JORC Code explanation	Commentary
	For geophysical tools, spectrometers, handheld XRFinstruments, etc, the parameters used indetermining the analysis including instrumentmake and model, reading times, calibrations factorsapplied and their derivation, etc.	4 acid digest data is also used to assist in litho-geochemicaldetermination.A KT-10 magnetic susceptibility meter was used to measurethe magnetic susceptibility of every metre, with readingscollected in SI units (x10-3).
	Nature of quality control procedures adopted (e.g.standards, blanks, duplicates, external laboratorychecks) and whether acceptable levels of accuracy(i.e. lack of bias) and precision have beenestablished.	A blank or standard was inserted approximately every 20samples. For drill samples, blank material was supplied bythe assaying laboratory. Two certified standards, acquiredfrom GeoStats Pty. Ltd., with different gold grade andlithology were also used. QAQC results are reviewed on abatch by batch basis and at the completion of the program.
Verification ofsampling andassaying	The verification of significant intersections byeither independent or alternative companypersonnel.	Significant intersections were calculated independently byboth the Project Geologist and database administrator.
	The use of twinned holes.	The drilling being reported is exploratory in nature. As such,none of the holes have been twinned in the current program.Where results warrant, follow-up drilling will be completed.
	Documentation of primary data, data entryprocedures, data verification, data storage(physical and electronic) protocols.	Primary data was collected into MX deposits and exported toan Excel spreadsheet and the drilling data was imported inthe Maxwell Data Schema (MDS) version 4.5. The interfaceto the MDS used is DataShed version 4.5 and SQL 2008 R2(the MDS is compatible with SQL 2008-2016 – most recentindustry versions used). This interface integratesQAQCReporter 2.2 as the assay quality control software.DataShed is a system that captures data and metadata fromvarious sources, storing the information to preserve thevalue of the data and increasing the value throughintegration with GIS systems. Security is set through bothSQL and the DataShed configuration software. The databaseis subject to a robust database backup/recovery planprocedure.Prodigy Gold has one sole Database Administrator. Access tothe database by the geoscience staff is controlled throughsecurity groups where they can export and import data withthe interface providing full audit trails. Assay data isprovided in a CSV (text file) in MaxGeo format from thelaboratories and imported by the Database Administrator.The database assay management system records allmetadata within the MDS and this interface provides fullaudit trails to meet industry best practice.
	Discuss any adjustment to assay data.	No transformations or alterations are made to assay datastored in the database. The lab's primary Au field is the oneused for plotting and Resource purposes. No averaging isemployed.
Location of datapoints	Accuracy and quality of surveys used to locatedrillholes (collar and down-hole surveys), trenches,mine workings and other locations used in MineralResource estimation.	Hole collars were surveyed with a handheld GPS pre- andpost drilling. Handheld GPS reading accuracy is improved bythe device 'waypoint averaging' mode, which takescontinuous readings of up to 5 minutes and improvesaccuracy. Down hole surveys that recorded dip and azimuthhave been completed in all drill holes using a downholeReflex gyro tool. Surveys are taken every 18m both downholeand uphole at the completion of drilling.
	Specification of the grid system used.	The grid system used is MGA_GDA94, Zone 52.
	Quality and adequacy of topographic control.	For holes surveyed by handheld GPS. The RL has beenupdated based off the 15m SRTM data and recorded in thedatabase.
Data spacing anddistribution	Data spacing for reporting of Exploration Results.	Drillholes are spaced approximately 200m apart on sectionand 400-500m apart on drill traverse. The northeast andsouthwest target areas are separated by approximately650m.
	Whether the data spacing and distribution issufficient to establish the degree of geological andgrade continuity appropriate for the MineralResource and Ore Reserve estimation procedure(s)and classifications applied.	The drilling subject to this announcement has not been usedto prepare Mineral Resource Estimates.
	Whether sample compositing has been applied.	No sample compositing is applied.

Criteria	JORC Code explanation	Commentary
Orientation of data inrelation to geologicalstructure	Whether the orientation of sampling achievesunbiased sampling of possible structures and theextent to which this is known, considering thedeposit type.	The orientation of the drill lines were designed to intersectmineralised structures as orthogonally as possible.Of the 7 holes drilled at Dune 3 holes were drill towards 220degrees, 3 holes were drilled toward 40 degrees.The first 6 holes were targeting two parallel 800m Auanomalous zones within northwest trending stratigraphydefined in historical AC and first pass RC drilling.The DD hole targeting the mag anomaly at Dune South wasdrilled towards 200 degrees perpendicular to the magneticanomaly.
	If the relationship between the drilling orientationand the orientation of key mineralised structures isconsidered to have introduced a sampling bias, thisshould be assessed and reported if material.	No orientation based sampling bias has been identified inthis data.
Sample security	The measures taken to ensure sample security.	Samples were transported from the rig to the field camp byProdigy Gold personnel, where they were loaded onto a TollExpress truck and taken to Bureau Veritas Laboratoriessecure preparation facility in Adelaide. Prodigy Goldpersonnel have no contact with the samples once they havebeen picked up for transport. Tracking sheets have been setup to track the progress of the samples. The preparationfacilities use the laboratory's standard chain of custodyprocedure.
Audits or reviews	The results of any audits or reviews of samplingtechniques and data.	Prodigy Gold conducted a Lab Visit to Bureau Veritaslaboratory facilities in Adelaide in August 2017 and found nofaults. QA/QC review of laboratory results shows thatProdigy Gold sampling protocols and procedures weregenerally effective.

SECTION 2: REPORTING OF EXPLORATION RESULTS

Criteria	JORC Code explanation	Commentary
Mineral tenementand land tenurestatus	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 Dune prospect is located on EL 26590 in the NorthernTerritory. The tenements are wholly owned by Prodigy Gold,and subject to the 'Tanami E' agreement between ProdigyGold and the Traditional Owners via Central Land Council(CLC). The Exploration Leases were granted to Prodigy Goldin 2012. The tenements are subject to an earn-in agreementwith Newcrest (ASX 4 July 2018).
	The security of the tenure held at the time ofreporting along with any known impediments toobtaining a licence to operate in the area.	The tenements are in good standing with the NT DPIR.
Exploration done byother parties	Acknowledgment and appraisal of exploration byother parties.	The Dune prospect has seen several phases of exploration byNFM, Normandy and Newmont. The Titania/Oberon regionalsoil grid failed to define any significant anomalism as thesoils over the Dune Prospect where ineffective due to thepalaeo-drainage present over the prospect. Newmontconducted two phases of aircore drilling (averaging 75mdepth) in 2000 and 2002 defining two parallel weaklyanomalous zones coincident with NW-trending magneticanomalies. Peak gold values of 3m@0.3g/t Au (TSTAC0013)and 3m@0.3g/t Au (TSTAC0016) were returned from thishistoric drilling. In November 2018 8 RC holes for 1,466metres were drilled with best results at Dune Anomaly 1 of8m @ 1.9g/t Au from 94m (EUR0003) and 2m @ 12g/t Aufrom 105m (EUR0006) at Dune Anomaly2. These resultsmotivated the follow up drilling being reported in thisrelease.

Criteria	JORC Code explanation	Commentary
Geology	Deposit type, geological setting and style ofmineralisation.	The target at Dune is interpreted as a repeat and/orextension, of the Oberon mineralised system. At Oberon, themineralised position shows a weak positive 1st VerticalDerivative magnetic anomaly, the result of buried DeadBullock Formation. A similar magnetic feature occurs atDune, with a similar low level geochemical response in theNewmont aircore drilling. The recent discovery at Callie ofthe blind Federation and Liberator lodes on the southern limbof the Latin and Callie anticlines is analogous to where theDune Prospect sits in relation to the Oberon Deposit.Geology at Dune consists of a NW trending interbeddedsedimentary rocks (siltstones and shale) with felsic porphyryintrusions. Paleochannels overlay sections of the drillprogram.
Drill holeInformation	A summary of all information material to theunderstanding of the exploration results includinga tabulation of the following information for allMaterial drill holes:easting and northing of the drill hole collarelevation or RL (Reduced Level – elevationabove sea level in metres) of the drill holecollardip and azimuth of the holedown hole length and interception depthhole length.	Summaries of all material drill holes are available within theCompany's ASX releases.
	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	Not applicable
Data aggregationmethods	In reporting Exploration Results, weightingaveraging techniques, maximum and/or minimumgrade truncations (e.g. cutting of high grades) andcut-off grades are usually Material and should bestated.	Prodigy Gold does not use weighted averaging techniquesor grade truncations for reporting of exploration results. Allreported assays have been length weighted with a nominal0.5g/t gold lower cut-off with <2m of internal dilution. Noupper cut-offs have been applied.
	Where aggregate intercepts incorporate shortlengths of high grade results and longer lengths oflow grade results, the procedure used for suchaggregation should be stated and some typicalexamples of such aggregations should be shown indetail.	Summaries of all material drill holes and approach tointersection generation are available within the Company'sASX releases.
	The assumptions used for any reporting of metalequivalent values should be clearly stated.	No metal equivalent values are used.
Relationshipbetweenmineralisationwidths and interceptlengths	These relationships are particularly important inthe reporting of Exploration Results.If the geometry of the mineralisation with respectto the drill hole angle is known, its nature shouldbe reported.If it is not known and only the down hole lengthsare reported, there should be a clear statement tothis effect (e.g. 'down hole length, true width notknown').	From previous drilling in the district, host lithologies andmineralisation are most commonly steeply dipping(between 60 and 80 degrees).Mineralisation is reported with down hole length, truewidth is not known.
Diagrams	Appropriate maps and sections (with scales) andtabulations 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.	Refer to Figures and Tables in the body of the text.
Balanced reporting	Where comprehensive reporting of all ExplorationResults is not practicable, representativereporting of both low and high grades and/orwidths should be practiced to avoid misleadingreporting of Exploration Results.	All exploration results have been reported based on thereporting criteria.

Criteria	JORC Code explanation	Commentary
Other substantiveexploration data	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.	All new meaningful data is reported in this release.
Further work	The nature and scale of planned further work (e.g.tests for lateral extensions or depth extensions orlarge-scale step-out drilling).Diagrams clearly highlighting the areas of possibleextensions, including the main geologicalinterpretations and future drilling areas, providedthis information is not commercially sensitive	Further work at Dune includes:Interpretation of the NTGS 100m lines spacingairborne magnetic survey.Land access permitting.Interpretation of multi-element data to constrainthe stratigraphic sequence.Follow up RC and DD drilling.Reconnaissance aircore drilling.