PRODIGY GOLD NL — Capital/Financing Update 2019

Jan 21, 2019

ASX ANNOUNCEMENT / MEDIA RELEASE ASX: PRX

22nd January 2019

Drilling intersects 2m @ 12g/t Au at Euro JV Project

HIGHLIGHTS

• Broad zones of gold mineralisation confirmed across two large targets
• First bedrock drilling at Dune intersected significant veining and alteration
• Results from RC drilling include:
  • 2m at 12.0 g/t Au from 105m EUR0006
  • 8m at 1.9 g/t Au from 94m EUR0003
  • 2m at 3.0 g/t Au from 117m EUR0008
• 800m+ footprints similar scale to the Oberon Deposit
• Follow up diamond drilling is planned for the first half of 2019

Prodigy Gold NL ('Prodigy Gold') (ASX: PRX) is pleased to report assay results from RC drilling at the Euro JV Project which is part of a farm-in agreement with Newcrest (ASX: 4 July 2018). Newcrest are to sole fund up to $12M over seven years to ultimately earn up to a 75% interest in the project. The project area ('Euro JV Project') 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: "The first two targets drilled on the Euro JV Project have resulted in broad zones of alteration and encouraging mineralised intersections at the Dune Prospect. Four of the 8 holes intersected zones of 3g/t Au or more. These results are indicative of the style of mineralisation being targeted and warrant follow up drilling. The agreement with Newcrest only commenced 6 months ago and is already generating high quality targets as demonstrated by this program.

Diamond drilling is planned at Dune in the first half of the year along with reconnaissance drilling to test other high priority geochemical and geophysical targets."

Figure 1 – Dune Prospect 2018 RC drilling program

Dune Prospect

Two targets have been drilled at the Dune Prospect. The targets have coincident geochemical anomalism and IP geophysical anomalies. Limited previous aircore drilling intersected 3m @ 0.3g/t Au (ASX: 8 November 2018). The recently completed program of 8 holes for a total of 1,466m is the first bedrock drilling into these targets. The holes were not drilled to the planned depth of 300m due to the intersection of water in the holes. The planned diamond program will complete the drilling of the target position.

Figure 2- Dune Prospect Location Map

Dune Anomaly 1

Gold mineralisation has now been defined over 800m of strike by the recent RC drilling. Alteration and quartz sulphide veins were intersected within sediments and felsic intrusions (Figure 4 & 5). Highlights include:

• 8m @ 1.9g/t Au from 94m (EUR0003)
• 2m @ 0.7g/t Au from 116m (EUR0004)

Mineralised intervals of up to 37m of quartz sulphide veining and alteration have been intersected including 37m @ 0.15g/t Au from 123m in EUR0004.

Dune Anomaly 2

Gold anomalism has now been defined over 1,000m of strike intersecting quartz sulphide veins within siltstones and felsic intrusions (Figure 3). Highlights from the recent program include:

• 2m @ 12g/t Au from 105m (EUR0006)
• 2m @ 3.0g/t Au from 117m (EUR0008)
• 3m @ 1.5g/t Au from 153m (EUR0001)
• 3m @ 1.0g/t Au from 59m (EUR0001) was intersected in the transported cover

Figure 3- Dune Prospect Anomaly 2 Oblique Cross Section through EUR0006

Figure 4 - Dune Prospect Anomaly 1 Oblique Cross Section through EUR0004

Figure 5 - Dune Prospect Anomaly 1 Oblique Cross Section through EUR0003

Ongoing Works Program

Diamond drilling is scheduled to commence at Dune in the first half of 2019. Mapping and the collection of historic RAB drill spoils for multi-element geochemistry is continuing. The geochemistry data, along with IP geophysics, and the recently completed 100m spaced airborne magnetics survey data, will be consolidated to identify additional targets for reconnaissance drilling for 2019.

The Euro JV Project

The Euro JV Project covers ~3,478 square kilometres of exploration licences and applications in the Tanami Region of the Northern Territory (Figure 2). 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.

The Dune Prospect Background

The Dune Prospect is located approximately 15km south of Rabbit Flat and 2km south of Newmont's owned and operated Oberon/Titania Gold Deposit (Figure 1). Access is via the Tanami Downs Road from the Tanami Highway.

The target at Dune is interpreted as a repeat and/or extension, of the Oberon mineralised system. At Oberon, the mineralised position shows a weak positive 1st Vertical Derivative magnetic anomaly, the result of buried Dead Bullock Formation. A similar magnetic feature occurs at Dune, with a similar low level geochemical response in the Newmont aircore drilling. The recent discovery at Callie of the blind Federation and Liberator lodes on the southern limb of the Latin and Callie anticlines is analogous to where the Dune Prospect sits in relation to the Oberon Deposit.

The prospect has seen several phases of exploration by NFM, Normandy and Newmont. The Titania/Oberon regional soil grid failed to define any significant anomalism as the soils over the Dune Prospect where ineffective due to the palaeo-drainage present over the prospect. Newmont conducted two phases of aircore drilling (averaging 75m depth) in 2000 and 2002 defining two parallel weakly anomalous zones coincident with NW-trending magnetic anomalies. Peak gold values of 3m @ 0.3g/t Au - TSTAC0013 and 3m @ 0.3g/t Au - TSTAC0016 (ASX: 8 November 2018) were returned from this historic drilling.

Target Deposit Style - The Oberon Deposit (Newmont)

The Oberon Deposit is 750m long and has been drilled to a depth of ~1,000m. The Oberon Deposit consists of gold bearing veins within altered carbonaceous siltstones and sandstones. Similar to the 14.2Moz Callie Deposit, the mineralisation at Oberon appears both lithologically and structurally constrained (Huston et al. 2007).

Lower grade mineralisation was discovered in 1994 with the intersection of 12m @ 2.5g/t Au in drill hole TIRB0102 (Baggot 2017). Subsequent drilling programs 2009-2010 lead to the discovery of higher grades at depth. Newmont published results of drilling in the 2011 'Diggers and Dealers' presentation including results of 141.4m @ 3.07g/t Au including 14m @ 7.8g/t Au and 59m @ 3.8g/t Au from a single hole (Green 2011). This 200 x 50m spaced drilling intersected up to five sub-parallel lodes to vertical depths of greater than 1km. Seven other holes intersected similar broad zones of moderate grade, with higher grade intervals, as part of this program (Green 2011). Newmont currently has no publicly stated Resource at Oberon.

Signed,

Matt Briggs Managing Director

About Prodigy Gold

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
31 October 2018	Quarterly Activities and Cashflow Report
8 November 2018	Euro JV Project Initial Geophysics and RC Drilling Completed

References

Baggot M. 2017. Newmont Tanami Pty Ltd, Tanami Exploration Mine Management Plan. Available at: https://dpir.nt.gov.au/\_\_data/assets/pdf\_file/0017/414008/mmp-nto-tanami-explorationproject.pdf. [Accessed 6 November 2018].

Green, M. 2011. Seventh annual report for the Tanami Exploration Agreement, Annual report for EL 2367, EL 4529 and EL 23662, for the period 1 January 2011 to 31 December 2011. Available at: https://geoscience.nt.gov.au/gemis/ntgsjspui/handle/1/87672. [Accessed 6 November 2018].

Huston D. L., Vandenberg L., Wygralak A. S., Mernagh T. P., Bagas L., Crispe A., Lambeck A., Cross A., Fraser G., Williams N., Worden K., Meixner T., Goleby B., Jones L., Lyons P. & Maidment D. 2007. Lodegold mineralization in the Tanami region, northern Australia. Mineralium Deposita 42, 175-204.

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.

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.

Historic drillholes at Dune included 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.

Hole ID	TotalDepth (m)	East1	North1	RL	Dip	Azimuth
EUR0001	168	603297	7754298	336	-56	231
EUR0002	193	603826	7754927	336	-59	229
EUR0003	166	603708	7754767	336	-59	229
EUR0004	210	604189	7754731	335	-60	227
EUR0005	180	604286	7754831	335	-60	227
EUR0006	180	603138	7754108	337	-59	226
EUR0007	175	603566	7753964	336	-59	229
EUR0008	194	603418	7753814	336	-59	236

Appendix 1 – Euro JV Project 2018 RC Drillhole Collar Locations

1 GDA 94 Zone 52

Appendix 2 - Significant intercepts from the Euro JV 2018 RC Drilling Program

Hole ID	From (m)	To(m)	IntervalWidth(m)	Grade g/tAu	Comments
EUR0001	59	62	3	1.0	Transported cover
EUR0001	131	132	1	0.5
EUR0001	153	156	3	1.5	Wet samples
EUR0003	94	102	8	1.9
EUR0003	115	116	1	0.7
EUR0004	116	118	2	0.7
EUR0004	126	127	1	0.5
EUR0006	105	107	2	12.0
EUR0006	126	127	1	1.1
EUR0007	126	127	1	0.7
EUR0007	132	133	1	0.6
EUR0008	117	119	2	3.0

Mineralised RC intercepts >0.5g/t and minimum of 2m except where geologically defined

Hole ID	From (m)	To(m)	IntervalWidth(m)	Grade g/tAu	Comments
EUR0004	123	160	37	0.15	153-160m wet samples
EUR0006	105	117	12	2.2
EUR0007	124	140	16	0.22

Other significant mineralised intervals of veining and alteration >0.1g/t

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 thebroad meaning of sampling.	Prodigy Gold has used a dedicated reverse circulation (RC)rig. RC drilling techniques are used to obtain 1m samples ofthe entire downhole length. RC samples are loggedgeologically and all samples submitted for assay. 8 RC holesfor 1,466 metres were drilled in this reported program.
	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.submarine nodules) may warrant disclosure ofdetailed information	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.
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.
Drill sample recovery	Method of recording and assessing core and chipsample recoveries and results assessed	All Prodigy Gold RC samples were taken using a 10:1 Sandvikstatic cone splitter mounted under a polyurethane cyclone.Samples were split into calico bags and sent to the lab forassay; the remainder sample material remaining on site. Sizeof the sample was monitored at the drill site by theresponsible geologist to ensure adequate recovery. Wetsamples were documented by the responsible geologist inthe 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.

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 Prodigy Gold sample recovery andgrade is apparent and sample bias due to preferentialloss/gain of fine/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 by a geologist using paper logging/excel andsections. Data on lithology, weathering, alteration, oremineral content and style of mineralisation, and quartzcontent and style of quartz were collected.
	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.	No core was collected.
	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.
	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.
	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).

Criteria	JORC Code explanation	Commentary
	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 an Excel spreadsheet and thedrilling data was imported in the Maxwell Data Schema(MDS) version 4.5. The interface to the MDS used isDataShed version 4.5 and SQL 2008 R2 (the MDS iscompatible with SQL 2008-2016 – most recent industryversions used). This interface integrates QAQCReporter 2.2as the assay quality control software. DataShed is a systemthat captures data and metadata from various sources,storing the information to preserve the value of the data andincreasing the value through integration with GIS systems.Security is set through both SQL and the DataShedconfiguration software. The database is subject to a robustdatabase backup/recovery plan procedure.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.
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. All 8 holeswere drilled towards 230 degrees.The 8 holes were targeting two parallel 800m Au anomalouszones within northwest trending stratigraphy defined inhistorical AC drilling.

Criteria	JORC Code explanation	Commentary
	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 tenement is 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 Lease was granted to Prodigy Gold in2012. 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 tenement is in good standing with the NT DPIR.
Exploration done byother parties	Acknowledgment and appraisal of exploration byother parties.	The prospect has seen several phases of exploration byNFM, Normandy and Newmont. The Titania/Oberonregional soil grid failed to define any significant anomalismas the soils over the Dune Prospect where ineffective due tothe palaeo-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.
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.

Criteria	JORC Code explanation	Commentary
	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.
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:Airborne magnetics including interpretation of theNTGS 100m lines spacing airborne magneticsurvey.Interpretation of multi-element data to constrainthe stratigraphic sequence.Follow up RC and DD drilling.