PRODIGY GOLD NL — Capital/Financing Update 2020

Nov 23, 2020

ASX ANNOUNCEMENT / MEDIA RELEASE

ASX: PRX

24 November 2020

Sampling Confirms High Grade Au, Cu, Ag, Pb Anomalism at Scimitar Target – Diamond Drilling Underway

KEY POINTS

• Surface sampling has highlighted strong gold and base metal anomalism extending over 3km, coincident with MLEM modelled conductor identified at Scimitar earlier this month
• Best surface sample results of:
  • o 7.5g/t Au, 783g/t Ag, 5.4% Cu
  • o 2.4g/t Au, 241g/t Ag, 19.3% Cu
  • o 0.4g/t Au, 1,950g/t Ag, 21.3% Pb
• Two diamond holes for a total 900m are underway to test EM conductor
• Hole co-funded by the NT government as part of the Resourcing the Territory initiative
• Au-Cu dominant trend extends for 1.5km
• Ag-Pb dominant trend parallel to EM conductor extends for 1.8km
• Scimitar is along trend from historic Reward Copper Deposit which averaged 11% Copper

Prodigy Gold NL (ASX: PRX) ('Prodigy Gold' or the 'Company') is pleased to advise that diamond drilling is underway at the Company's Reynolds Range Project in the Northern Territory, following the receipt of several high-grade surface sampling results that confirm the presence of a strong gold and base metal anomaly at the Scimitar Target (Figure 1 and Figure 2). Scimitar is the first of several targets to be drilled at Reynolds Range over the coming months

Management Commentary

Prodigy Gold Managing Director, Matt Briggs said: "Diamond drilling is now underway at the Scimitar Target on our 100% owned Reynolds Range Project. The EM conductor identified in a historic survey was confirmed by the recent ground based moving loop EM survey (ASX 16 November 2020). Strong geochemical anomalism over a large area has led to us prioritising this target for drilling."

"The initial drilling is designed to intersect the most conductive areas of the modelled EM anomaly. Two holes are being drilled 600m apart. The recent encouraging surface sampling results provide support for a metal mineralising event at Scimitar. The first two holes will give insight into the stratigraphy and potential structures in the area along with testing for sulphide related metal mineralisation. The drilling of one hole is co-funded by the Northern Territory government as part of the Resourcing the Territory initiative."

"This is the first of a number of targets to be drilled at Reynolds Range in the coming months. Drilling is also planned to extend the Falchion and Sabre Targets and the Reward Deposit."

Figure 1 - Diamond drill rig drilling the Scimitar Target at Reynolds Range November 2020.

Reynolds Range Exploration Overview

The Company recently undertook a moving loop EM (MLEM) survey over the Scimitar Target at Reynolds Range where it is exploring for gold and copper (Figure 3). Detailed mapping identified evidence of copper mineralisation at surface within a 3km long geochemical anomaly.

Diamond drilling is now underway into the conductor located in the centre of the geochemical anomaly. Two holes are planned to intersect the strongest modelled parts of the conductor. The conductive elongate body dips southwest over a vertical interval of 600 metres. The top of this body commences at a depth of 70 metres below surface and has not been tested by historic grid post holes. The strongest part of the conductor is modelled to start 240m below surface. Coincident with the conductor are strong surface Cu, Pb, Zn, Ag, As, and weaker Au lag and rock chip anomalies (Figure 2).

Surface Sampling Confirms High-Grade Anomalism

Prodigy Gold recently undertook further surface sampling to better define the system, with results now reported for surface samples collected at the Scimitar Target (Figure 2).

These results confirm the geologist's observations of visible gold in veining with malachite, and gossans (Figure 5). Of 127 samples collected, 39 have returned significant anomalism of up to 7.5g/t Au, 1,950g/t Ag, 19.3% Cu, and 21.3% Pb (Table 1). Within the larger 3km long geochemical anomaly, separate Cu-Au and Ag-Pb zonation is emerging (Figure 5). Elevated Cu-Au rock chips are exposed for 1.5km in a north-south trend, where east-west structures are exposed on a topographic high. One of these structures appears to offset in the conductor modelled in the MLEM to the west. Ag-Pb gossans are parallel to stratigraphy to the north of the modelled EM conductor.

Samples from veining immediately above the modelled conductor have also returned elevated Cu-Pb-Zn-Ag results (Figure 4).

Figure 2 - Lag and rock chip Cu, Pb, Zn, Ag and As anomalism coincident with the Scimitar EM Conductor. Modelled EM plates targeted for diamond drilling are also shown in the centre of the anomalies. Recent highlight results are labelled.

Figure 3 – Reynolds Range Targets

Figure 4 - Schematic cross section through the Scimitar EM conductor with one of the two holes planned for drilling. Recent sampling results highlighted.

Figure 5 - Simplified geological interpretation highlighting areas of malachite and gossan mapped at surface. These correspond to the Ag-Pb dominant area (red outline) and Au-Cu area (green outline).

Reynolds Range Project Background

The project area is accessed from the Stuart Highway and is 150km north of Alice Springs. Targets are located between 20km and 120km off the NT highway, railway line (Ghan) and the NT gas pipeline. As far as the NT goes, these projects have excellent access. Land ownership is a combination of pastoral lease and Aboriginal Land (ALRA). Prodigy Gold has negotiated access and permits to the land.

Figure 6 - Scimitar Target Area with diamond drill rig in the middle ground.

Mineralisation was first identified in the area in the early 1900s with a number of different mineral occurrences and old mines identified including extensive tin fields at Coniston, old copper workings, silver-lead-zinc mines and numerous gold occurrences.

A series of predominantly E-W to NW-SE striking shear zones transect the project areas. These shearzones, in places, have retrograded the amphibolite facies country rock to greenschist facies. Gold mineralisation consists of sheared and sheeted-quartz vein deposits with the potential for economic deposits.

A number of occurrences have been identified that include high-grade copper and silver (+- gold) associated with distal lead-zinc occurrences. The Jervois deposits (located further east in the Arunta), the Bumblebee discovery (located near Kintore in the South Arunta / Warumpi Margin) and the Tennant Creek deposits (located to the north in the Tennant Creek inlier) which are described as iron oxide copper-gold targets. The rocks at Reynolds Range are believed to have similar potential.

Notable Reynolds Range Targets

Falchion Target - Old gold workings associated with Lander shear zone. Evidence of base metals including tin and antimony in the area. Known gold-antimony mineralisation including results of:

12m @ 3.76g/t Au1

1 ASX 24 May 2010

16m @ 3.67g/t Au2

RC and diamond drilling have been completed on a single section, however gold mineralisation extends for over 400m in RAB drilling.

Sabre Target - Shallow gold workings associated with the Lander shear zone. Evidence of base metals including tin and antimony in the area.

Known gold mineralisation including drilling results of:

• 17m @ 3.93g/t Au3
• 26m @ 2.73g/t Au3
• 24m @ 2.59g/t Au3

RAB drilling has defined gold mineralisation for over 500m of strike.

Reward Copper Silver Gold Target - Old copper oxide workings (1950s era). Sampling by Prodigy Gold includes results >20% copper, 200g/t silver and 2g/t gold (ASX 13 May 2010). An EM survey by Prodigy Gold indicated a conductor 50m below surface and 400m long to the south of the existing workings.

Authorised for release by Prodigy Gold's Chairman, Tommy McKeith.

For further information contact:

Matt Briggs Managing Director +61 8 9423 9777

Sample ID		Sample Type Sample Weight(kg)	North	East	RL	Au(g/t)	Ag(g/t)	Asppm	Cu(%)	Pb(%)	Zn(%)
RR008	Rockchip	1.34	7,548,445 273,623 667			0.16	18.4	2,080	2.0%	-	-
RR009	Rockchip	0.94	7,548,599 273,559 667			-	2.0	338	0.7%	-	-
RR010	Rockchip	0.83	7,548,651 273,554 668			-	7.6	213	0.7%	-	-
RR200017	Rockchip	0.87	7,548,893 273,777 672			-	2.6	14	1.2%	-	-
RR200019	Rockchip	1.19	7,548,819 273,776 671			0.1	5.4	127	5.0%	-	-
RR200030	Rockchip	0.5	7,549,930 273,967 692			0.65	0.6	19	-	-	-
RR200033	Rockchip	1.2	7,550,026 273,918 697			2.36	241	42	19.3%	-	-
RR200036	Rockchip	0.89	7,550,047 273,882 700			-	6.4	232	0.6%	-	-
RR200041	Rockchip	0.96	7,550,061 273,850 701			7.46	783	648	5.4%	-	-
RR200044	Rockchip	1.01	7,550,369 273,925 712			-	36.2	2,130	0.2%	-	-
RR200049	Rockchip	0.63	7,548,856 272,581 664			-	96.8	380	-	2.8%	-
RR200050	Rockchip	0.69	7,549,313 272,828 669			-	1.4	161	0.1%	-	-
RR200054	Rockchip	0.76	7,550,161 272,806 680			-	4.6	9,460	-	0.2%	-
RR200055	Rockchip	0.49	7,550,488 272,831 688			-	10.4	371	0.1%	0.9%	0.1%
RR200058	Rockchip	0.71	7,550,780 272,663 699			-	3.2	14	-	0.2%	-
RR200064	Rockchip	0.5	7,550,423 273,792 717			-	9.4	23	-	0.3%	-
RR200065	Rockchip	0.82	7,550,433 273,789 716			-	3.2	19	-	0.1%	-
RR200066	Rockchip	0.67	7,550,437 273,790 717			0.44	1,950	47	-	21.3%	-
RR200067	Rockchip	0.63	7,550,438 273,789 716			-	13.2	31	-	0.2%	-

Table 1 - Highlight 2020 lag and rock chip sampling results from the Scimitar Target

2 ASX 18 Jan 2010

3 ASX 18 Jan 2010

Sample ID		Sample Type Sample Weight(kg)	North	East	RL	Au(g/t)	Ag(g/t)	Asppm	Cu(%)	Pb(%)	Zn(%)
RR200070	Rockchip	0.72	7,550,827 273,743 711			-	45.2	4	-	0.5%	-
RR200082	Rockchip	0.74	7,551,127 272,289 732			-	12.2	56	-	0.2%	0.1%
RR200084	Rockchip	0.8	7,551,185 272,300 741			-	4.8	244	-	0.2%	-
RR200085	Rockchip	0.92	7,551,199 272,304 743			-	13.0	164	-	0.3%	0.1%
RR200086	Rockchip	0.73	7,551,125 272,297 732			-	5.2	101	-	0.2%	-
RR200089	Lag	1.15	7,550,531 272,452 687			-	7.4	69	-	0.2%	-
RR200091	Lag	0.93	7,550,707 272,494 694			-	1.6	1,210	-	-	-
RR200092	Rockchip	1.26	7,551,096 272,471 748			-	2.8	182	-	-	0.6%
RR200096	Rockchip	1.36	7,551,083 272,542 747			-	16.8	220	-	0.4%	-
RR200097	Rockchip	0.79	7,551,085 272,544 748			-	8.0	14	-	0.5%	-
RR200101	Rockchip	1.89	7,550,980 272,567 728			-	4.6	117	-	0.1%	-
RR200102	Rockchip	1	7,550,971 272,572 726			-	6.8	264	-	0.3%	-
RR200105	Rockchip	0.95	7,550,807 272,808 702			-	1.4	115	-	0.2%	0.2%
RR200107	Lag	1.1	7,551,000 272,909 737			-	6.0	148	-	0.2%	-
RR200108	Lag	1.05	7,551,000 272,909 737			-	12.2	59	-	0.2%	-
RR200113	Rockchip	1.39	7,551,207 272,942 777			-	4.6	94	-	0.3%	0.1%
RR200116	Lag	1.15	7,550,698 273,055 702			-	4.6	24	-	0.2%	-
RR200121	Lag	1.01	7,550,973 273,326 725			-	5.6	2,750	-	-	0.1%
RR200126	Rockchip	1.34	7,550,724 273,222 708			-	6.4	51	-	0.2%	-
RR200127	Rockchip	0.62	7,550,723 273,213 708			-	6.6	673	-	0.2%	-

Results reported where sample is above 0.1g/t Au, 50g/t Ag, 0.1% Cu, 0.1% Pb, or 0.1% Zn. Coordinates MGA 94 Zone 53

About Prodigy Gold NL

Prodigy Gold has a unique greenfields and brownfields exploration portfolio in the proven multimillion-ounce Tanami Gold Province. Prodigy Gold remains highly active in its systematic exploration approach and following the removal of COVID-19 restrictions intends to continue exploration prioritising on:

• drilling targets on its Tanami, North Arunta Projects and Reynolds Range Projects
• systematic evaluation of high potential early stage targets
• joint ventures to expedite discovery on other targets

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 Sam Ekins who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Ekins 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 Ekins 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.

Relevant References

Abubeker, M. & Stenning, L. 2012. Acquisition and processing report for ABM Resources N.L. Tempest EM Survey. Un Publ.

Abubeker M., & Stenning L., 2012. Tanami, Northern Territory TEMPEST Geophysical Survey Acquisition and Processing Report for ABM Resources N.L. Fugro Airborne Surveys. Unpubl.

Cowden, A., 2001. Final Report Reynolds Range Northern Territory Exploration Licence 7343 For the period 30 May 1992 to 28 April 2000. Exodus Minerals. Unpubl.

Greenaway, T., 1998. Annual Report Reynolds Range Exploration Licence 7343 For the period 29 May 1997 to 28 May 1998. Exodus Minerals. Unpubl.

Greenaway, T., 1999. Annual Report Reynolds Range Exploration Licence 7343 For the period 29 May 1998 to 28 May 1999. Exodus Minerals. Unpubl.

Price L.A., 1992. Annual Report on Exploration Activities Exploration Licences: 7343, 7344, 7345; Reynolds Range 30/5/91 to 29/5/92. Poseidon Gold. Unpubl.

Price A.T., & Price L.A., 1993. Report on Exploration Activities for Exploration Licence 7343 30/5/92 to 29/5/93. Poseidon Gold. Unpubl.

Price A.T., 1994. Report on Exploration Activities for Exploration Licence 7343 30/5/93 to 29/5/94. Normandy Poseidon Group. Unpubl.

Price A.T., 1995. Report on Exploration Activities for Exploration Licence 7343 30/04/94 to 29/05/95. Poseidon Gold. Unpubl.

Price, L.A., 1996. Annual Report of Exploration Activities for Exploration Licence (EL) 7343 "Reynolds Range" for the Period 30/05/95 to 29/05/96. Poseidon Gold. Unpubl.

Scrimgeour, I.R., 2011. Chapter 12: Aileron Province. In Ahmad, M. & Munson, T.J., 2013. Geology and Mineral Resources of the Northern Territory. Northern Territory Geological Survey, Special Publication 5.

Stuart, R., 2012. Conductive Plate Modelling of Tempest EM data prepared for ABM Resources, 15th October 2012. Fathom Geophysics consulting report. Unpubl.

Warren, K.R., & Worland, R.J., 1997. Annual Report of Exploration Activities for Exploration

Appendix 1: JORC Table 1

SECTION 1: SAMPLING TECHNIQUES AND DATA

Criteria	JORC Code explanation	Commentary
Samplingtechniques	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 aslimiting the broad meaning of sampling.	Prodigy Gold geologists have undertaken mapping and rock sampling. Theseare samples selected as they are notable due to observations of structuralfabric, alteration minerals or veining. The nature of historic sampling is notwell documented beyond a geological description, analytical technique,assay results, and location. Ground truthing of historic results have beenvalidated in mapping by company geologists and are believed to be reliablefor use in exploration targeting.
	Include reference to measures taken to ensuresamplerepresentivityandtheappropriatecalibration of any measurement tools or systemsused	Samples selected as they are notable due to observations of structuralfabric, alteration minerals or veining. They are selectively collected toidentify evidence of metals associated with a mineral system.
	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 circulationdrilling was used to obtain 1 m samples from which3 kg was pulverised to produce a 30 g charge forfire assay'). In other cases more explanation maybe required, such as where there is coarse goldthat has inherent sampling problems. Unusualcommoditiesormineralisationtypes(e.g.submarine nodules) may warrant disclosure ofdetailed information	Whole rock and rock chips samples were collected and submitted accordingto standard practices. A minimum of 50g of sample is collected in a calicobag, described, location reported and submitted for analysis. Typical sampleweights are 0.5kg-1kg. Actual weights received by the laboratory are foreach sample are reported in the results table. Larger samples will tend to bemore representative however the geologist applies a bias in selectingsamples to predominantly collect material that will inform on the localpresence of elements of interest.

Criteria	JORC Code explanation	Commentary
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.).	No drilling is reported in this announcements. Historic drilling details havepreviously been reported.
Drill samplerecovery	Method of recording and assessing core and chipsample recoveries and results assessed	No drilling results are being reported.
	Measures taken to maximise sample recovery andensure representative nature of the samples	No drilling results are being reported.
	Whether a relationship exists between samplerecovery and grade and whether sample bias mayhave occurred due to preferential loss/gain offine/coarse material.	No drilling results are being reported.
Logging	Whether core and chip samples have beengeologically and geo-technically logged to a level ofdetail to support appropriate Mineral Resourceestimation, mining studies and metallurgicalstudies.	Rock sampling and geophysics is early stage and not at a stage where thelevel of detail to support appropriate Mineral Resource estimation, miningstudies or metallurgical studies. The geologist makes a geologicaldescription of the sample at the time of collection.
	Whether logging is qualitative or quantitative innature.Core(orcostean,channel,etc.)photography.	Sampling can be seen to be qualitative in nature. The geologist applies abias in selecting samples to predominantly collect material that will informon the local presence of elements of interest.
	The total length and percentage of the relevantintersections logged	No drilling results are being reported.
Sub-samplingtechniques and	If core, whether cut or sawn and whether quarter,half or all core taken.	Rock chips and whole rock samples have been collected. These may havebeen split with a hammer.
samplepreparation	If non-core, whether riffled, tube sampled, rotarysplit, etc. and whether sampled wet or dry.	Rock chips and whole rock samples have been collected. These may havebeen split with a hammer. Samples are collected at ambient moisture levels,assumed to be dry.
	For all sample types, the nature, quality andappropriatenessofthesamplepreparationtechnique.	The quality and nature of rock sampling is appropriate for reconnaissanceexploration. The quality and nature of geophysics is appropriate forreconnaissance exploration.
	Quality control procedures adopted for all subsampling stages to maximise representivity ofsamples.	Lab standards are relied upon. The anomalies and style of sampling arequalitative to support the potential for metals to be present. Blanks areduplicates are not used, however the nature of sampling provides some levelof field duplicates being collected.
	Measures taken to ensure that the sampling isrepresentative of the in situ material collected,includingforinstanceresultsforfieldduplicate/second-half sampling.	Samples selected as they are notable due to observations of structural fabric,alteration minerals or veining. They are selectively collected to identifyevidence of metals associated with a mineral system.
	Whether sample sizes are appropriate to the grainsize of the material being sampled.	They are selectively collected to identify evidence of metals associated witha mineral system. No systematic subsampling is being applied
Quality of assaydata andlaboratory tests	The nature, quality and appropriateness of theassaying and laboratory procedures used andwhether the technique is considered partial ortotal.	A single multi-element (ME) sample is collected per location/data point. TheME sample is assayed for a suite of 59 different accessory elements (multielement using the Bureau Veritas MA100/1/2 routine which uses a mixedacid digestion and finish by a combination of ICP-OES and ICP-MS dependingon which method provides the best detection limit.
	For geophysical tools, spectrometers, handheld XRFinstruments,etc.,theparametersusedindetermining the analysis including instrumentmake and model, reading times, calibrations factorsapplied and their derivation, etc.	While previously reported, for completeness the details of the EM surveysreferenced in the document are:TEMPEST System SpecificationsSpecifications of the TEMPEST Airborne EM System are:• Base frequency - 25 Hz• Transmitter turns - 1• Waveform - Square• Peak current - 280 A• Sample rate - 75 kHz on X and Z• System bandwidth - 25 Hz to 37.5 kHz• Flying height - 100 m (subject to safety considerations)• EM sensor - Towed bird with 3 component dB/dt coilsMLEM System Specifications

Criteria	JORC Code explanation	Commentary
		•Transmitter System: EMTX-200 with DC10LV-2 Generator•Current: >100A•Loop size: 200m x 200m•Receiver System: EMIT SmartEM24 with EMIT Smart 3-component Fluxgate.
	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.	No drilling results are being reported. Lab standards are relied upon. Theanomalies and style of sampling are qualitative to support the potential formetals to be present. Blanks are duplicates are not used, however the natureof sampling provides some level of field duplicates being collected. Thesamples results have shown a strong correlation to geologist's fieldobservations.
Verification ofsampling andassaying	The verification of significant intersections by eitherindependent or alternative company personnel.	No drilling results are being reported.
	The use of twinned holes.	No drilling results are being reported.
	Documentation ofprimary data, data entryprocedures,dataverification,datastorage(physical and electronic) protocols.	Primary data was collected into an Excel spreadsheet and the drilling datawas imported in the Maxwell Data Schema (MDS) version 4.5.1. Theinterface to the MDS used is DataShed version 4.5 and SQL 2008 R2 (theMDS is compatible with SQL 2008-2012). This interface integrates withQAQC Reporter 2.2, as the primary choice of assay quality control software.DataShed is a system that captures data and metadata from varioussources, storing the information to preserve the value of the data andincreasing the value through integration with GIS systems. Security is setthrough both SQL and the DataShed configuration software. Prodigy Goldhas an external consultant Database Administrator with expertise inprogramming and SQL database administration. Access to the database bythe geoscience staff is controlled through security groups where they canexport and import data with the interface providing full audit trails. Assaydata is provided in MaxGEO format from the laboratories and imported bythe Database Administrator. The database assay management systemrecords all metadata within the MDS and this interface provides full audittrails to meet industry best practice.
	Discuss any adjustment to assay data.	Assays are not adjusted
Location of datapoints	Accuracy and quality of surveys used to locate drillholes (collar and down-hole surveys), trenches,mine workings and other locations used in MineralResource estimation.	Handheld GPS are used. Handheld GPS reading accuracy is improved by thedevice 'waypoint averaging' mode, which takes continuous readings of upto 5 minutes and improves accuracy.
	Specification of the grid system used.	The grid system used is MGA GDA94, Zone 53.
	Quality and adequacy of topographic control.	Sample locations are surveyed by handheld GPS the RL has been updatedbased off the 15m SRTM data and recorded in the database.
Data spacing anddistribution	Data spacing for reporting of Exploration Results.	No drilling results are being reported. Rock samples are random in samplespacing. Coordinates of significant samples are provided. No samples arecollected where there is transported cover or no sub-cropping exposure.
	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.	Spacing is not appropriate for the generation of a resource.
	Whether sample compositing has been applied.	No compositing has been applied
Orientation of datain relation togeologicalstructure	Whether the orientation of sampling achievesunbiased sampling of possible structures and theextent to which this is known, considering thedeposit type.	Sampling is biased as only notable samples are collected. Rock samples arerandom in sample spacing. Coordinates of significant samples are provided.No samples are collected where there is transported cover or no subcropping exposure.
	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 drilling results are being reported.
Sample security	The measures taken to ensure sample security.	Samples were transported from project to the field camp by Prodigy Goldpersonnel, where they were loaded onto a Toll Express truck and taken toBureau Veritas Laboratories secure preparation facility in Adelaide. ProdigyGold personnel have no contact with the samples once they have beenpicked up for transport. Tracking sheets have been set up to track the

Criteria	JORC Code explanation	Commentary
		progress of the samples. The preparation facilities use the laboratory'sstandard chain of custody procedure.
Audits or reviews	The results of any audits or reviews of samplingtechniques and data.	Prodigy Gold conducted a Lab Visit to Bureau Veritas laboratory facilities inAdelaide in August 2017 and found no faults. QA/QC review of laboratoryresults shows that Prodigy 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 material issueswith third parties such as joint ventures,partnerships, overriding royalties, native titleinterests, historical sites, wilderness or nationalpark and environmental settings.	The Scimitar, Sabre and Falchion Prospects are Reynolds Range arecontained within EL23888 and is located in the Northern Territory. Thetenements are wholly owned by Prodigy Gold, and subject to the'Reynolds Range Indigenous Land Use Agreement (ILUA)' betweenProdigy Gold and the Traditional Owners via Central Land Council (CLC). Aheritage clearance has been completed prior to drilling to ensure theprotection of cultural sites of significance. The tenement is subject to aroyalty payment to Franco Nevada on gold sold from the licence.Pastoralists active in the area have consented to the exploration activityand we appreciate their assistance in supplying water.
	The security of the tenure held at the time ofreporting along with any known impediments toobtaining a license to operate in the area.	The tenements are in good standing with the NT DPIR and no knownimpediments exist.
Exploration done byother parties	Acknowledgment and appraisal of exploration byother parties.	The Reynolds Range project has had a considerable amount of shallowRAB and vacuum drilling completed by previous explorers, which hasdefined large, low-level gold anomalies (+5ppb Au). Around 3300 holeshave been drilled and the average hole depth is 9.8m. The fresh-rockbeneath the depleted surface cover is largely untested, with just 5diamond holes completed to a maximum depth of 156m in the entireproject area. Prodigy Gold's assessment of the previous work highlightedthe Stafford Gold Zone with a strike length of over 20km and 10 individualprospects with target area in excess of 80km2. The Sabre and Falchionprospects were targeted by Prodigy Gold for follow-up and drilling byProdigy Gold at the Sabre prospect intersected 35m @ 2.02g/t Auincluding 17m @ 3.93g/t Au3. Further reconnaissance work at StaffordGold Zone also revealed high grade copper and silver rock chip samplesfrom the Reward Prospect (~9km SE of Sabre) with 20.3% Cu and 271g/tAg near a downdip EM conductor identified by an airborneelectromagnetic survey in 2012. A rock sample grading 1.79g/t Au wasalso returned from the Pine Hill Prospect (~3.5km SE of Reward). Shortlyafter this work was completed in the June 2010 quarter, the drill rig wasshifted to Prodigy Gold's Twin Bonanza project, which incorporates theOld Pirate and Buccaneer deposits where Prodigy Gold's focus remaineduntil the restructure to Prodigy Gold NL under the current management.Refer to ASX 29 November 2013 and 3 February 2014 for details of theseresults. At the Scimitar prospect 305 post and vacuum holes have beendrilled previously on a 500x50m grid. The maximum depth drilled is 15mand average depth is 5m.1991-1992 Poseidon Gold obtained 2 rock chip samples from the LanderCu prospect. These were from a pelitic unit and a quartz/chlorite brecciawith malachite (Price, 1992).1992-1993 regional lag sampling at 250m intervals by Poseidon Golddefined an area 3km x 2km with anomalous base metals (>80ppm As,>100ppm Pb) and a number of isolated elevated gold values over theScimitar prospect. 2 rock chip samples and 44 LAG samples were obtainedover Scimitar from a 21 rock chip and 1,211 LAG sample program.Maximum values were over Scimitar were 830ppm Zn, 350ppm Pb, and75ppm Cu. (Price & Price, 1993).1993-1994 Normandy Exploration and Normandy Poseidon groupcompleted 61 3.6m vertical RAB holes over Scimitar targeting Sb and Auanomalies from a larger 195 hole program totalling 705m. Hole ID's wereRRAB110-RRAB304. Maximum assays returned were 420ppm Cu, 250ppmZn and 90ppm Pb. Rocks identified included mudstone and siltstone (somecarbonaceous) and immature sandstones and greywackes, basalt-

Criteria	JORC Code explanation	Commentary
		dolerite, and common chlorite alteration and moderate quartz veining.(Price, 1994).1994-1995 Poseidon Gold drilled 100 POST RAB holes averaging 3.6m at50m to 100m spacing into Scimitar from a larger 397 hole programtotalling 1,772m (RRAB532-RRAB928). 1994-1995 report (A.T. Price,1995).1995-1996 Poseidon Gold drilled 175 VAC holes (RAV0001-RAV0175) overthe Scimitar prospect from a larger program of 602 holes for 2,976m. TheScimitar VAC holes were drilled at 50m x 500m spacing and interceptedsericite altered sediments and gossanous brecciated quartz veins. Thedrilling confirmed a strong As, Pb and Zn anomaly with a weaker 1-16ppbAu anomaly. A further 37 VAC holes (RCV0565-RCV0605) were drilled tothe southwest of Scimitar (Price, 1996).1996-1997 Normandy Gold took 49 composite lag samples (sample339551-339599) of -6 to +1 fraction over Scimitar at 100m x 500m spacingover 3 traverses. (Warren & Worland, 1997).1998-1999 Exodus Minerals collected 5 rock chips and 5 soils samples atScimitar. Samples 5761RR, 5762RR and 5763RR returned anomalous Au(62ppb, 38ppb, and 17ppb); As (24,000ppm, 4,000ppm, and 4,700ppm);Pb (360ppm, 580ppm, and 90ppm); and Sb (180ppm, 96ppm, and102ppm). (Greenaway, 1998 & Greenaway, 1999). Note that a further 11rock chips have been attributed to Cowden, 2001; but do not actuallyappear in the Cowden, 2001 report. Sample 336053 returned 37ppm Bi,580ppm Cu, 19ppm Mo and 260ppm Pb.2012 – 2013 Prodigy Gold flew a Tempest airborne EM survey over theReynolds Range area in June and July 2012. This identified a prominent2km x 1km conductor at Scimitar.
Geology	Deposit type, geological setting and style ofmineralisation.	The geology of the Reynolds Range project area was described by Rohde(2012) in the Prodigy Gold 2012 annual tenement report on EL 23655. Theproject covers Paleoproterozoic metasediments and intrusives in thecentral Aileron Province of the Arunta region. The surface geology hasbeen mapped and described by the Northern Territory Geological Survey(NTGS) in the 1:250,000 scale Napperby (SF53-09) sheet and in moredetail by the Bureau of Mineral Resources on the special edition ReynoldsRange Region 1:100,000 scale geological map.On a regional scale the area comprises polydeformed PaleoproterozoicLander Group metasediments intruded by numerous felsic and maficintrusivephasesandoverlainbyslightlyyoungersiliciclasticmetasediments, including the Reynolds Range Group. The area is coveredby complex regolith, with scree shedding from substantial hills cut by largedrainage systems. The company is exploring for sulphide related gold andassociated base metal mineralisation. This could be shear related gold,VMS or IOCG deposits. These style of deposits are known in the province.
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 collarelevation or RL (Reduced Level – elevationabove sea level in metres) of the drill hole collar•dip and azimuth of the hole•down hole length and interception depthhole length.If the exclusion of this information is justified on the	No drill holes are announced in this report. Previous announcements ofdrilling are provided.No information material to the announcement has been excluded. 39 of
	basis that the information is not Material and thisexclusion does not detract from the understandingof the report, the Competent Person should clearlyexplain why this is the case	127 samples collected have been reported as they are above 0.1g/t Au,50g/t Ag, 0.1% Cu, 0.1% Pb, or 0.1% Zn. Samples not reported can beassumed to be below 0.1g/t Au, 50g/t Ag, 0.1% Cu, 0.1% Pb, or 0.1% Zn.
	InreportingExplorationResults,weightingaveraging techniques, maximum and/or minimumgrade truncations (e.g. cutting of high grades) andcut-off grades are usually Material and should bestated.	No top cuts have been applied in reporting of results.

Criteria	JORC Code explanation	Commentary
Data aggregationmethods	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.	Drillhole intervals are not being reported. Summaries of all material drillholes and approach to intersection generation are available within theCompany's ASX releases. All results are shown on maps. Highlight holesare reported individually. It should not be assumed all results arerepresented on diagrams.
	The assumptions used for any reporting of metalequivalent values should be clearly stated.	No metal equivalents are being reported. No metallurgical recoverytestwork has been completed.
Relationshipbetweenmineralisationwidths andintercept lengths	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 should bereported.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').	Drillhole intervals are not being reported.
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 view ofdrill hole collar locations and appropriate sectionalviews.	Plans are provided in the document.
Balanced reporting	Where comprehensive reporting of all ExplorationResults is not practicable, representative reportingof both low and high grades and/or widths shouldbe practiced to avoid misleading reporting ofExploration Results.	Drillhole intervals are not being reported. Results reported where sampleis above 0.1g/t Au, 50g/t Ag, 0.1% Cu, 0.1% Pb, or 0.1% Zn. Enrichment ofmetals can occur in the near surface environment. Results of lag and rockchip sampling are collected as in indication of the presence of metalshowever the grades should not been seen as directly correlative withfuture resources or mining, if any. Results of rock chip sampling can behigher or lower the material below surface.
Other substantiveexploration data	Other exploration data, if meaningful and material,should be reported including (but not limited to):geologicalobservations;geophysicalsurveyresults; geochemical survey results; bulk samples –size and method of treatment; metallurgical testresults; bulk density, groundwater, geotechnicaland rock characteristics; potential deleterious orcontaminating substances.	Appropriate data is provided in the announcement. The target is anundrilled geophysical anomaly with a sizeable coincident anomaly asreported. No other studies have been completed that are not referenced.
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,includingthemaingeologicalinterpretations and future drilling areas, providedthis information is not commercially sensitive	Diamond drilling is underway to confirm the source of the anomalism. IfCu/Au mineralisation is intersected significant follow up downhole EMand RAB, RC or diamond drilling would be planned.