PRODIGY GOLD NL — Capital/Financing Update 2021

May 19, 2021

ASX ANNOUNCEMENT / MEDIA RELEASE

ASX: PRX

20th May 2021

RC Drilling Completed at Reynolds Range Gold-Copper Project

KEY POINTS

• 11 holes 1,549m RC drilling program completed at Reynolds Range Gold-Copper Project
• Drilling program focussed on three targets prospective for Au, Cu-Au, and Au-Sb mineralisation – Reward, Scimitar and Sabre
• First drilling of surface Cu-Au anomalism at Scimitar identified in 2020
  • o Soil and rock chip results of up to 7.5g/t and 19% Cu1
  • o Surface Cu-Au anomalism extends for 1.5km
• Drilling targeted plunge extension of the Sabre Prospect where previous RC drilling has returned:
  • o 17m @ 3.93g/t Au3
  • o 26m @ 2.73g/t Au2
  • o 24m @ 2.59g/t Au2
• Recent RC drilling has intersected quartz veining and sulphide mineralisation up to 14m wide
• DHEM has been completed on drill hole SCDD2001 at the Scimitar Prospect and RWDD2101 at the Reward Prospect
• 151m diamond hole drilled into the Buccaneer Resource for physical property testwork for heap leach study
• Visible gold intersected in diamond drilling at Buccaneer Deposit

Prodigy Gold NL (ASX: PRX) ('Prodigy Gold' or the 'Company') is pleased to advise that RC drilling has been completed at the Company's Reynolds Range Project, and diamond drilling at the Buccaneer Deposit in the Northern Territory.

The program at Reynolds Range comprised 11 RC holes for 1,549m at the Reward, Scimitar, and Sabre Targets. These targets have demonstrated strong potential to host Au, Cu-Au, and Au-Sb mineralisation. A 151m HQ diamond hole has also recently been completed into the Buccaneer Deposit. An additional 11 targets across the Company's tenements are permitted for drill testing this calendar year.

1ASX 24 November 2020, 2ASX 18 Jan 2010, 3 ASX 24 May 2010

Management Commentary

"We are pleased to have completed our first two drilling programs into our 100% owned targets for this field season. These are the first targets of 15 permitted for drilling in 2021, so we have a busy period of activity ahead on the ground."

"Quartz veining and sulphide typically associated with gold mineralisation at Sabre demonstrate the system continues at depth. Samples are already at the laboratory."

"The completed metallurgical hole and subsequent testwork will be a major step in understanding the economics of heap leach processing of the 585koz Buccaneer Deposit. The intersection of significant visible gold confirms the interpretation in the geological model."

"Final results of drilling of the Phreaker Cu-Au Target on the Lake Mackay JV are expected imminently."

Figure 1 - Diamond drilling underway at the Buccaneer Deposit, May 2021

Reynolds Range

The project areas are accessed from the Stuart Highway 90km north of Alice Springs. Proximity to infrastructure is good, with targets located between 20km and 120km off the NT highway, railway line (Ghan) and the NT gas pipeline (Figure 4 & 8).

These projects have excellent access and land ownership is a combination of pastoral lease and aboriginal land (ALRA). Prodigy Gold has negotiated access and permits to the land. All activity in the current program is located on EL23888, wholly owned by Prodigy Gold.

Gold, antimony and copper mineralisation has been previously identified in the area.

Sabre Prospect

The Sabre Prospect is part of the 14km long Stafford Gold Trend and contains shallow gold workings associated with the Lander Shear Zone. RAB drilling and surface sampling defined gold mineralisation over 500m of strike (Figure 2) and there is evidence of antimony also being intersected in the area. Previous RC and diamond drilling intersected high-grade gold mineralisation in weathered rocks. The last RC drilling, which was completed in 2010, includes results of 17m @ 3.93g/t Au (ASX: 24 May 2010), 26m @ 2.73g/t Au and 24m @ 2.59g/t Au (ASX: 18 Jan 2010). This program confirms the presence of two subparallel zones of mineralisation.

Gold mineralisation is associated with sub-vertical quartz veins and stringers with fine disseminated sulphides (pyrite, pyrrhotite +- arsenopyrite) in zones of sericite alteration. High-grade gold was intersected within the metasediments as well as at dolerite margins. Petrographic analysis suggests gold, silica alteration and pyrrhotite mineralisation are associated.

Few holes have successfully penetrated the interpreted mineralised zone completely and mineralisation has potential to extend the high-grade mineralisation down dip and along strike.

7 RC holes for 1,081 metres have been completed at the Sabre Prospect (Figure 2). The recently completed program at Sabre drilled the plunge extension of the oxide mineralisation (3 holes), the direct extension 100m to the south of previous RC drilling (2 holes), and drill traverse 480m along strike to the south of previous RC drilling. These most southern 2 RC holes drill under gold anomalism previously intersected in RAB drilling.

Figure 2 –Sabre Prospect gold anomalism (ASX: 18 January 2010) and RC drill holes completed in May 2021

The three northern holes recently drilled at Sabre have intersected visible mineralisation. The deepest hole, SBRC2107 intersected quartz veining, silica alteration and sulphide between 164-181m and 239253m. Hole SBRC2101 intersected 1-5% pyrrhotite and pyrite over the interval 119-138m downhole and SBRC intersected 1-5% pyrrhotite pyrite over 174-211m downhole. The sulphide mineralisation is associated with quartz, biotite and chlorite.

Figure 3 - Longitudinal Projection (Long section) showing the position of recently completed holes at Sabre. (Previous results ASX: 18 January 2010)

Scimitar Prospect

The Scimitar Au-Cu Prospect is a 1.5km long north-south trending high-grade Cu-Au soil and rock chip anomaly. Au-Cu anomalism is associated with surface quartz veining and alteration halo including malachite. Three RC holes were recently completed to test the bedrock source of this anomaly at the southern end of the prospect.

While quartz veining and trace sulphides have been intersected in the 3 holes drilled, no clear source of the elevated results at surface has been identified visually. The remainder of the program is now planned to be drilled with RAB mid-year.

Reward Prospect

Reward is a Cu, Au, Ag prospect located approximately 6km southeast of Scimitar (Figure 4). The prospect has some shallow copper oxide workings from the 1950s era and abundant malachite, azurite and chalcocite occurs associated with a brecciated shear zone and sulphidic sediments. This style of polymetallic mineralisation has similarities to the nearby Jervois Deposit, 350km to the east, which hosts 0.43 Mt copper and 21.4 Moz silver, 0.16 Mt lead/zinc and 176 koz Au (ASX KGL: 2 December 2020).

RC and AC drilling under the Reward workings by McMahon Constructioni in 1988 returned 4m at 1.4% Cu, 71.2g/t Ag, 1.2g/t Au and 1.8% Zn from 16m (hole I); and 6m at 2.10g/t Au from 15m (hole C). This historic assay data should be treated with caution as no original data records are available. Confirmatory rock chip and soil sampling by Prodigy Gold in the vicinity of the workings returned

results including >20% Cu, 200g/t Ag and 2g/t Au (ASX: 13 May 2010) supporting the original drill results and the presence of these metals in system.

An EM survey by Prodigy Gold indicated a conductor 50m below the surface and 400m long located 350m to the southeast of the Reward workings.

A recently completed 220 RC hole intersected narrow sulphide mineralisation at 129m and 175m. DHEM surveying has been completed with interpretation underway to determine if the best part of the EM plate has been intersected by this hole, or whether deeper drilling is required.

Figure 4 - Reynolds Range Project Map

Buccaneer Resource

The Buccaneer Resource is currently estimated to be 10Mt @ 1.8g/t for 585koz above a 1g/t cut-off grade (ASX 1 September 2017) (Appendix 5). The resource cut-off grade is based on processing at a mill the scale of Northern Star's Central Tanami JV Processing Plant or a similar mill built on the Twin Bonanza Mineral Lease.

Gold mineralisation is disseminated within a monzogranite intrusion, and typically associated with quartz veins, visible gold is seen in the quartz stockwork veining. Mineralisation extends from nearsurface to a depth of over 500m and has been defined in several zones over an area of 2,200m by 800m. The deposit remains open at depth, and aircore and RAB drilling suggest the potential for further strike extensions.

Studies undertaken over the last 9 months have evaluated a heap leach processing scenario for the Buccaneer Deposit. When the type of mineralisation is appropriate, heap leaching is a simple, lowcost process that can result in significant savings in capital expenditures and operating costs, which

can significantly improve a project's economics. Deep weathering in the Tanami results in softer weathered rocks, and sulphide is often completely oxidised up to 100m below surface.

Recent study work, completed due to the sustained elevated gold price, has demonstrated the heap leach processing route warrants further investigation.

While the lower operating cost of heap leaching can reduce the cut-off grade, and increase reported tonnages and contained metal, the focus of the study seeks to identify the project scenario that generates the highest value (cashflow and return on capital).

A 151m diamond hole was recently completed to provide samples for unixial compressive strength (UCS), crushing work index (CWi), and abrasiveness index (Ai) testwork. This testwork will give an indication of the energy required to crush the rocks, and abrasiveness. These factors and the cost of energy generation are major cost drivers for heap leach processing and to be included in ongoing studies.

The completed hole, BCDD2101, intersected 27m of strong mineralisation from 91m to 103m and 120m to 135m including visible gold, quartz veining, pyrite, arsenopyrite, hematite and epidote (Figure 5). Parts of the hole not required for metallurgical testwork will be submitted for gold analysis in the future.

Figure 5 – HQ diamond core from BCDD2101 containing quartz veining with sulphide and visible gold in altered monzonite at 92m downhole

Figure 6 - Oblique section showing approximate position of the May 2021 metallurgical hole

Figure 7 - Buccaneer Prospect showing existing drilling and the recently completed diamond hole BCDD2101

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

For further information contact:

Matt Briggs Managing Director +61 8 9423 9777

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

Figure 8 - Prodigy Gold Major Project Areas

Competent Person's Statement

The information in this announcement relating to Buccaneer 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.

The information in this announcement relating to Reynolds Range exploration targets and exploration results are based on information reviewed and checked by Mr Edward Keys, B.Sc., MAIG. Mr Keys is a Member of the Australasian Institute of Geoscientists (AIG) and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity they are undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the "JORC Code"). Mr Keys is a fulltime employee of the Company in the position of Exploration Manager and consents to the inclusion of the Exploration Results in the form and context in which they appear.

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.

Hole ID	East	North	RL	Hole Type	Depth	Azimuth	Dip	Target
RWRC2101	275561	7544827	673.2	RC	220	27	62	Reward
SBRC2101	265059	7549145	654.6	RC	200	235	55	Sabre
SBRC2102	265116	7549193	653.4	RC	222	227	54	Sabre
SBRC2103	265131	7548894	655	RC	130	241	53	Sabre
SBRC2104	265080	7548865	655	RC	96	240	52	Sabre
SBRC2105	265302	7548558	659	RC	90	239	51	Sabre
SBRC2106	265259	7548532	659	RC	84	242	52	Sabre
SBRC2107	265050	7549302	649.9	RC	259	230	53	Sabre
SCRC2101	273778	7548917	679.9	RC	84	203	60	Scimitar
SCRC2102	273761	7548881	680	RC	80	26	59	Scimitar
SCRC2108	273788	7548796	675.8	RC	84	330	60	Scimitar

Appendix 1 – Reynolds Range Project 2021 RC Drillhole Collar Locations

Coordinates MGA 94 Zone 53

Appendix 2 – Buccaneer Project 2021 Diamond Drillhole Collar Location

Hole ID	East	North	RL	Depth	Dip	Azimuth	Drill_Type
BCDD2101	514480	7772690	430	151	75	15	Diamond

Coordinates MGA 94 Zone 52

Appendix 3: JORC TABLE 1 REYNOLDS RANGE

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 as limiting thebroad meaning of sampling.	Prodigy Gold has used a Durock multi-purpose drill rig. Drilling started as 5¾ inch diameter reverse circulation (RC), riffle split and samples collectedin calico bags representing individual metre intervals. RC drillingtechniques are used to obtain 1m samples of the entire downhole length.RC samples are logged geologically and all samples submitted for assay. 11holes for 1,549 metres of RC drilling were completed.

Criteria	JORC Code explanation	Commentary
	Include reference to measures taken to ensuresamplerepresentivityandtheappropriatecalibration of any measurement tools or systemsused	Sampling was collected in one metre intervals and split to 3-4kg samples.Sample weights are inspected and estimates are recorded on sample logsheets. The full length of each hole was sampled. Sampling was carried outunder Prodigy Gold's protocols and QAQC procedures as per industry bestpractice. Bag sequence is checked regularly by field staff and supervisinggeologist against a dedicated sample register.
	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 thathasinherentsamplingproblems.Unusualcommoditiesormineralisationtypes(e.g.submarine nodules) may warrant disclosure ofdetailed information	The nature of gold and base metal mineralisation could be variable andinclude high grade, high nugget quartz veins, massive sulphide anddisseminated sulphide typical of other deposits in the area. The orientationof mineralisation is not yet confirmed. The entire holes were sampled in 1mintervals through riffle splitting into calico bags. Mineralisation shows acorrelation to sulphide and veining, in particular pyrrhotite, pyrite, galena,sphalerite, and chalcopyrite and quartz sulphide veining. Coarse gold ispossible but has not yet been observed. Prodigy Gold samples weresubmitted to Bureau Veritas Adelaide for crushing and pulverising toproduce a 40g charge 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 has used a Durock multi-purpose truck-mounted UDR1200drill rig. The drill rig uses an auxiliary compressor and booster with capacityto drill 400m. Drilling started as 5 ¾ inch diameter RC with face samplingbit, riffle split and samples collected in calico bags representing individualmetre intervals.
Drill samplerecovery	Method of recording and assessing core and chipsample recoveries and results assessed	Sample recoveries are recorded on sample registers with sample recoveryand moisture content estimated. Good sample recovery was standard inthe program. Samples were split into calico bags and sent to the lab forassay with the remainder of sample material remaining on site. Allsamples are weighed at the laboratory and reported as a part of standardpreparation protocols.
	Measures taken to maximise sample recovery andensure representative nature of the samples	Sampling is collected in a cyclone, and riffle split into calico sample bags.The cyclone and splitter is cleaned routinely with mechanical scraping andcompressed air. The cyclone was emptied after each complete 6m drillrod, and cleaned out every 5 rods(6m in length) to minimise any potentialfor contamination. Dust suppression was used to minimise sample loss.Drilling pressure airlifted the water column below the bottom of thesample interval to ensure dry sampling.
	Whether a relationship exists between samplerecovery and grade and whether sample bias mayhave occurred due to preferential loss/gain offine/coarse material.	There is no relationship between grade and recovery due to theconsistently high sample recovery.Sample bias due to preferentialloss/gain of fine/coarse material is unlikely.
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.	Prodigy Gold drilling samples were geologically logged at the drill rig by ageologist using a laptop and pen/paper. Data on lithology, weathering,alteration, ore mineral content and style of mineralisation, quartz contentand style of quartz were collected.
	Whether logging is qualitative or quantitative innature.Core(orcostean,channel,etc.)photography.	Logging is both qualitative and quantitative. Lithological factors, such asthe degree of weathering and strength of alteration are logged in aqualitative fashion.The presence of quartz veining, and minerals ofeconomic importance are logged in a quantitative manner.
	The total length and percentage of the relevantintersections logged	All holes were logged in full by the Prodigy Gold geologists.
Sub-samplingtechniques and	If core, whether cut or sawn and whether quarter,half or all core taken.	No core was collected
samplepreparation	If non-core, whether riffled, tube sampled, rotarysplit, etc. and whether sampled wet or dry.	1 meter RC samples were split with a riffle splitter mounted under a metalcyclone. All intervals were sampled dry.
	For all sample types, the nature, quality andappropriatenessofthesamplepreparationtechnique.	All samples will be analysed for gold by Bureau Veritas in Adelaide. Sampleswill be dried and the whole sample pulverised to 85% passing 75 µm, and asub sample of approximately 200g is retained for Fire Assay which isconsidered appropriate for the material and mineralisation and is industrystandard for this type of sample.

Criteria	JORC Code explanation	Commentary
	Quality control procedures adopted for all subsampling stages to maximise representivity ofsamples.	Field duplicates were taken over intervals logged as mineralised withsulphides previously identified as having a relationship with gold in thearea. Field duplicates were taken at a percentage of ~1.8% for the entiretyof the program in addition to certified reference material and blanksinserted on average at 1 in 20 samples. Standards and blanks wereinserted every 20 samples. At the laboratory, regular repeat and LabCheck samples are assayed.
	Measures taken to ensure that the sampling isrepresentative of the in situ material collected,includingforinstanceresultsforfieldduplicate/second-half sampling.	Samples were split using a trailer mounted riffle splitter, which waschecked to be level for each hole. Sample weights were monitored toensure adequate sample collection was maintained. The riffle splitterprovided some variability in sample weights from 2-4kg. Field duplicateswere collected in visibly mineralised zones.
	Whether sample sizes are appropriate to the grainsize of the material being sampled.	Sample sizes are considered appropriate to give an indication ofmineralisation given the particle size and preference to keep the sampleweight below 4 kg to ensure the requisite grind size in a LM5 sample mill.
Quality of assaydata andlaboratory tests	The nature, quality and appropriateness of theassaying and laboratory procedures used andwhether the technique is considered partial or total.	Prodigy Gold use a lead collection fire assay using a 40g sample charge. Forlow detection, this is read by ICP-AES, which is an inductively coupledplasma atomic emission spectroscopy technique, with a lower detectionlimit of 0.001 ppm Au and an upper limit of 1,000 ppm Au which isconsidered appropriate for the material and mineralisation and is industrystandard for this type of sample. For multi-element sample analysis, thesample 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).In addition to standards and blanks previously discussed, Bureau Veritasconducts internal lab checks using standards and blanks.
	For geophysical tools, spectrometers, handheld XRFinstruments,etc.,theparametersusedindetermining the analysis including instrument makeand model, reading times, calibrations factorsapplied and their derivation, etc.	No geophysics was collected but this box is not allowed to be left blank.
	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 20 samples. For drillsamples, blank material was supplied by the assaying laboratory. Twocertified standards, acquired from GeoStats Pty. Ltd., with different goldand lithology were also used. QAQC results are reviewed on a batch bybatch basis and at the completion of the program.
Verification ofsampling andassaying	The verification of significant intersections by eitherindependent or alternative company personnel.	Significant intersections are calculated independently by both the projectgeologist and database administrator on receiving of the results.
	The use of twinned holes.	The drilling being reported is exploratory in nature. As such, none of theholes have been twinned in the current program. Where results warrant,follow-up drilling will be completed.
	Documentation of primary 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. No transformations or alterations are made toassay data stored in the database. The lab's primary Au field is the one usedfor plotting purposes. No averaging is employed.
	Accuracy and quality of surveys used to locate drillholes (collar and down-hole surveys), trenches,mine workings and other locations used in MineralResource estimation.	Hole collars were laid out with handheld GPS, providing accuracy of ± 5m.Drilled hole locations vary from 'design' by as much as 5m (locally) due toconstraints on access clearing.This degree of variation is deemedacceptable for exploration drilling.

Criteria	JORC Code explanation	Commentary
Location of data	Specification of the grid system used.	The grid system used is MGA GDA94, Zone 53.
points	Quality and adequacy of topographic control.	For holes surveyed by handheld GPS the RL has been updated based off the15m SRTM data and recorded in the database.
Data spacing anddistribution	Data spacing for reporting of Exploration Results.	At Reynolds Range variable drill hole spacing were used to adequately testtargets and were determined from historical drilling results, geochemical,geophysical and geological information where available. Hole spacing atSabre was chosen to facilitate nose-to-tail overlap between adjacent holeswith the spacing dependant on hole depth. Nominally the spacing betweenholes at Sabre was 50-100m. Scimitar hole spacing was closer to 50mbetween holes and around 100m between lines. The hole at Reward was onits own.
	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 used to prepareMineral Resource Estimates.
	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.	The orientation of the angled drill hole at the Reward Target was designedto intersect the EM conductor plate as orthogonally as possible. The drillazimuth was 025 degrees at surface, which is approximately perpendicularto the targeted plate/structure. The azi drifted to 34 degrees by the endof hole at 220m. Drill hole dip angles deviated significantly from 60degrees to 44 degrees by the end of hole at reward.At Sabre, the drill azimuths were planned between 130 and 140 degreesto target the historically mineralised trend at orthogonal angles. Theazimuth did not change significantly at Sabre throughout the drilling. Thesub vertical dipping mineralised trend (at Sabre) meant that drilling waschosen to be as shallow as possible with dips planned at 55 degrees. Theholes deviated significantly from the top of the hole, with surveys at theend of hole raising to 33 degrees by the end of hole SCRC2102 at 222m.Holes at Scimitar were directed to intersect mapped structures asorthogonally as possible. No significant deviations in azimuth or dip wereobserved at Scimitar.
	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 in this data.
Sample security	The measures taken to ensure sample security.	Samples were transported from the rig to a secured locked storage facilityat the Aileron Roadhouse by Prodigy Gold personnel, where they wereloaded onto a contracted delivery service to Bureau Veritas Laboratoriessecure preparation facility in Adelaide. Prodigy Gold personnel have nocontact with the samples once they have been picked up for transport.Tracking sheets have been set up to track the progress of the samples. Thepreparation facilities 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 Veritas laboratory facilities inAdelaide in May 2021 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 tenement	Type,reference name/number, location and	Scimitar, Sabre and Reward form part of the Reynolds Range Project and
and land tenure	ownership including agreements or material issues	are contained within EL23888 located in the Northern Territory. The
status	with third parties such as joint ventures,	tenements are wholly owned by Prodigy Gold, and subject to the
	partnerships, overriding royalties, native title	'Reynolds Range Indigenous Land Use Agreement (ILUA)' between
	interests, historical sites, wilderness or national	Prodigy Gold and the Traditional Owners via Central Land Council (CLC).
	park and environmental settings.	A heritage clearance has been completed prior to drilling to ensure the
		protection of cultural sites of significance. The tenement is subject to a

Criteria	JORC Code explanation	Commentary
		royalty 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. Sabre and Falchion weretargeted by Prodigy Gold for follow-up and drilling by Prodigy Gold atSabre intersected 35m @ 2.02g/t Au including 17m @ 3.93g/t Au3Further reconnaissance work at Stafford Gold Zone also revealed highgrade copper and silver rock chip samples from the Reward Deposit(~9km SE of Sabre) with 20.3% Cu and 271g/t Ag near a down-dip EMconductor identified by an airborne electromagnetic survey in 2012. Arock sample grading 1.79g/t Au was also returned from the Pine HillProspect (~3.5km SE of Reward). Shortly after this work was completedin the June 2010 quarter, the drill rig was shifted to Prodigy Gold's TwinBonanza Project, which incorporates the Old Pirate and BuccaneerDeposits where Prodigy Gold's focus remained until the restructure toProdigy Gold under the current management. Refer to ASX 29 November2013 and 3 February 2014 for details of these results. At the ScimitarTarget 305 post and vacuum holes have been drilled previously on a500x50m grid. The maximum depth drilled is 15m and average depth is5m.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,250ppm Zn and 90ppm Pb. Rocks identified included mudstone andsiltstone(somecarbonaceous)and immaturesandstonesandgreywackes, basalt-dolerite, and common chlorite alteration andmoderate 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, and

Criteria	JORC Code explanation	Commentary
		102ppm). (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. A diamond hole was completed inQ42020. A DHEM survey has been recently completed.
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 iscovered by complex regolith, with scree shedding from substantial hillscut by large drainage systems. The Company is exploring for sulphiderelated gold and associated base metal mineralisation. This could beshear related gold, VMS or IOCG deposits. These style of deposits areknown in the province.
Drill holeInformation	A summary of all information material to theunderstanding of the exploration results including atabulation 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.	All relevant historical drill hole information has been previouslyreported through open file reporting by previous explorers.Visual observations of intersections are reported in this announcement.Summaries of all material drill holes from previous Prodigy Gold drillingare available within the Company's ASX releases.
	If the exclusion of this information is justified on thebasis 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	No information material to the announcement has been excluded.
Data aggregationmethods	InreportingExplorationResults,weightingaveraging techniques, maximum and/or minimumgrade truncations (e.g. cutting of high grades) andcut-off grades are usually Material and should bestated.	Visual observations from logging of 1m intervals or RC are reported.
	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 to intersectiongeneration are available within the Company's ASX releases. All resultsare shown on maps. Highlight holes are reported individually. It shouldnot be assumed all results are represented 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 in thereporting 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 lengths arereported, there should be a clear statement to thiseffect (e.g. 'down hole length, true width notknown').	From surface mapping and previous drilling in the district, host lithologiesand mineralisation are most commonly steeply dipping (between 60 and80 degrees). Drill holes are angled so as to drill as close to perpendicularto structures as possible.

Criteria	JORC Code explanation	Commentary
Diagrams	Appropriate maps and sections (with scales) andtabulations of intercepts should be included for anysignificant discovery being reported These shouldinclude, but not be limited to a plan view of drillhole collar locations and appropriate sectionalviews.	Refer to Figures and Tables in the body of the text. A collar plan and crosssection are provided for the completed key drill holes where sulphideobservations are being reported.
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.	All material assays received to date from Prodigy Gold's drilling arereported where sample is above 0.1g/t Au, 5g/t Ag, 0.1% Cu, 0.1% Pb, or0.1% Zn or where considered geologically significant; together withreference to previous exploration results of significance. 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):geological observations; geophysical survey results;geochemical survey results; bulk samples – size andmethod of treatment; metallurgical test results;bulk density, groundwater, geotechnical and rockcharacteristics;potentialdeleteriousorcontaminating substances.	Appropriate data is provided in the announcement. Assay results arepending. It should not be assumed that visual observations will directlycorrelate to positive assay results.
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	Further RAB and RC drilling is planned depending on the results ofassaying of this program.

Appendix 4: JORC TABLE 1 BUCCANEER

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 as limiting thebroad meaning of sampling.	Prodigy Gold has used a DDH1 diamond drill rig. For BCDD2101, diamondcore was collected from surface to end of hole. This is HQ hole diameterfrom surface to end of hole. Upon completion of orientating and geologicallogging diamond core was selectively chosen for Uniaxial CompressiveStrength (UCS) analyses and Crushing Work Index (CWi) testing withsubsequent Abrasion Index testing (Ai) on CWi spoils. Selected whole corehas been dispatched for UCS and CWi testing. Enough core was selectedfor three (3) samples. Each sample requires 50kg of whole core and 5x150mm lengths of drill core for UCS determination.
	Include reference to measures taken to ensuresamplerepresentivityandtheappropriatecalibration of any measurement tools or systemsused	BCDD2101 was selectively sampled based on observations of alterationminerals or veining to represent the fresh rock mineralised portion of theBuccaneer Deposit. BCDD2101 was drilled into an area believed torepresent indicative gold mineralisation of the fresh rock portion of theBuccaneer deposit. Sample selection was carried out under Prodigy Gold'sprotocols and QAQC procedures as per industry standard practice followingadvice and scope of work provided from Independent MetallurgicalOperations Pty Ltd. Laboratory QAQC will also be conducted. See furtherdetails below.

Criteria	JORC Code explanation	Commentary
	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 thathasinherentsamplingproblems.Unusualcommoditiesormineralisationtypes(e.g.submarine nodules) may warrant disclosure ofdetailed information	The nature of gold mineralisation could be variable and include high grade,high nugget quartz veins, and disseminated sulphide typical of otherdeposits in the area. The orientation of mineralisation is not yet confirmed.The hole was selectively sampled via the scope of work provided byIndependent Metallurgical Operations Pty Ltd and typically used forUCS,CWi and Ai testing as detailed above and below. Mineralisation showsa correlation to sulphide and veining, in particular pyrrhotite, pyrite andquartz sulphide veining. Coarse gold was observed and included in thesample submission for metallurgical analyses.
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.).	Diamond drilling was undertaken by DDH1 generating core from surface toend of hole. Coring started and ended with HQ diameter. Core is orientedusing the ACT Mk.3 HQ/NQ core orientation tool.
Drill samplerecovery	Method of recording and assessing core and chipsample recoveries and results assessed	Core recoveries were good, with no intervals missing due to core loss overthe fresh rock interval. Recoveries from drilling were 100% in the freshrock portion (area of interest) of the diamond hole.
	Measures taken to maximise sample recovery andensure representative nature of the samples	Samples collected are full core selected by an experienced geologist andthe competent person referenced in this announcement. The competentperson has been involved in sample selection for metallurgical studies inprevious roles. Consultation was made with IMO metallurgists for samplesto be dispatched to the laboratory.
	Whether a relationship exists between samplerecovery and grade and whether sample bias mayhave occurred due to preferential loss/gain offine/coarse material.	There is no relationship between grade and recovery due to theconsistently high core recovery. The portion of the hole selected for UCS,CWi and Ai analyses will not be analysed for gold over discrete intervals.
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.	The core was geologically logged in the core yard by a geologist using alaptop. Data on lithology, weathering, alteration, ore mineral content andstyle of mineralisation, and quartz content and style of quartz werecollected. Diamond core is also logged for structure. The core is destroyedand homogenised during metallurgical analyses. The logging and samplingwill enhance the understanding of the existing resource.
	Whether logging is qualitative or quantitative innature.Core(orcostean,channel,etc.)photography.	Logging is both qualitative and quantitative. Lithological factors, such asthe degree of weathering and strength of alteration are logged in aqualitative fashion.The presence of quartz veining, and minerals ofeconomic importance are logged in a quantitative manner.
	The total length and percentage of the relevantintersections logged	The entire portion of the hole that has been sent for metallurgical analyseswas logged in full by Prodigy Gold geologists. The portion of the holereviewed to date is limited to fresh rock, from 90m to the end of hole(150.8m).
Sub-samplingtechniques andsamplepreparation	If core, whether cut or sawn and whether quarter,half or all core taken.	Diamond core was cut by a brick core saw to exclude core that has no visiblesigns of mineralisation. Only core with observable sulphide mineralisationand alteration indicative of Buccaneer-style mineralisation was selected formetallurgical analyses. Whole core was selected for analysis and submittedto Independent Metallurgical Operations Pty Ltd.
	If non-core, whether riffled, tube sampled, rotarysplit, etc. and whether sampled wet or dry.	Samples are whole HQ core.
	For all sample types, the nature, quality andappropriatenessofthesamplepreparationtechnique.	All samples have been selected following criteria described in the scope ofwork from Independent Metallurgical Operations Pty Ltd. Samples wereshipped in core trays as whole core which is considered appropriate for thetype of metallurgical analyses and is industry standard for this type ofsample.
	Quality control procedures adopted for all subsampling stages to maximise representivity ofsamples.	Enough material was chosen to allow for three separate samples andanalyses. Comparison of the three metallurgical sample results willindicate the level of consistency of UCS, CWi and Ai in the fresh rockportion of the Buccaneer deposit and if additional sampling is required.

Criteria	JORC Code explanation	Commentary
	Measures taken to ensure that the sampling isrepresentative of the in situ material collected,includingforinstanceresultsforfieldduplicate/second-half sampling.	Samples are whole core and are representative for the style ofmetallurgical analyses being conducted.
	Whether sample sizes are appropriate to the grainsize of the material being sampled.	Sample sizes are considered appropriate to give an indication of UniaxialCompressive Strength (UCS) and Crushing Work Index (CWi) testing withsubsequent Abrasion Index testing (Ai) on samples recovered from CWitestwork.
Quality of assaydata andlaboratory tests	The nature, quality and appropriateness of theassaying and laboratory procedures used andwhether the technique is considered partial or total.	Following criteria outlined in the scope of work provided by IndependentMetallurgical Operations Pty Ltd, sample selection was governed by therequired mass (50 kg per sample) including at least 5x 150mm lengths ofdrill core for UCS determination. The metallurgical analyses destroys thecore and homogenises the crushed residual of the 50kg sample. Theresulting residual is available for bulk analyses if desired subsequent tometallurgical analyses.
	For geophysical tools, spectrometers, handheld XRFinstruments,etc.,theparametersusedindetermining the analysis including instrument makeand model, reading times, calibrations factorsapplied and their derivation, etc.	Quantitative X-ray diffraction analysis (XRD) will be completed following thefinal crushing stage in the metallurgical analyses described above andbelow.Only laboratory analysis as described above will be completed on the core.
	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.	Certified reference material or blanks are not required for the type ofmetallurgicalanalysesundertakenbyIndependentMetallurgicalOperations Pty Ltd. No analysis for gold is being undertaken at this time forBCDD2101.
Verification ofsampling andassaying	The verification of significant intersections by eitherindependent or alternative company personnel.	Significant intersections are not calculated for the chosen metallurgicalanalyses.
	The use of twinned holes.	No dedicated twin holes have been drilled as this is not consideredappropriate for this style of metallurgical analyses. Three samples havebeen chosen from the same hole to provide indication of consistency of UCSCWi and Ai results.
	Documentation of primary 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.	The hole collar was pegged with the aid of handheld GPS, providingaccuracy of ± 3m. Drilled hole locations vary from 'design' by as much as5m (locally) due to constraints on access clearing. This degree of variationis deemed acceptable for metallurgical 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 been updated based off the15m SRTM data and recorded in the database.
	Data spacing for reporting of Exploration Results.	Only one hole (BCDD2101) has been drilled at the Buccaneer deposit sincethe last resource update on the 1st of September, 2017.

Criteria	JORC Code explanation	Commentary
Data spacing anddistribution	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 used to prepareMineral Resource Estimates.
	Whether sample compositing has been applied.	No compositing has been applied due to the nature of metallurgical analysesconducted on the whole core.
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.	The orientation of the angled drill hole at the Buccaneer metallurgical hole(BCDD2101) was designed to intersect the fresh-rock mineralisation. Thedrill azimuth was 15 degrees, which is approximately parallel to the localtrend of the deposit to maximise the thickness of mineralisationrecovered for metallurgical sampling. An angled hole was chosen toachieve oriented core.
	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 in this data.
Sample security	The measures taken to ensure sample security.	Samples were transported from the rig to a core storage shed at Wilson'scamp by Prodigy Gold personnel, where they were loaded onto a TollExpress truck and delivered to Independent Metallurgical Operations PtyLtd Laboratory secure facility in Perth. Prodigy Gold personnel have nocontact with the samples once they have been picked up for transport.Tracking sheets have been set up to track the progress of the samples. Thepreparation facilities use the laboratory's standard chain of custodyprocedure.
Audits or reviews	The results of any audits or reviews of samplingtechniques and data.	No assaying is reported. The competent person has reviewed the samplingprotocol and documentation.

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 Buccaneer Deposit is contained within ML29822 located in theNorthern Territory. The mining lease is wholly owned by Prodigy Gold,and subject to a mining agreement between Prodigy Gold and theTraditional Owners via Central Land Council (CLC). This agreement iscompleted with a view to meet obligations of Part IV of the AboriginalLand Rights (NT) Act 1976. A heritage clearance has been completed priorto drilling to ensure the protection of cultural sites of significance. A NTmine management plan is in place for the operation of the mineral lease.
	The security of the tenure held at the time ofreporting along with any known impediments toobtaining a license to operate in the area.	The mining lease is in good standing with the NT DPIR and no knownimpediments exist.
Exploration done byother parties	Acknowledgment and appraisal of exploration byother parties.	The Buccaneer Resource was originally discovered by North FlindersMines in the late 1990s. Newmont Asia Pacific Ltd. (Newmont) acquiredthe property and continued active exploration through 2006.Newmont/North Flinders drilled a total of 830 holes into the prospect –103 air core, 669 RAB, 48 RC, and 10 RC with diamond extensions –totalling 51,082m and provided the foundation of understanding of theBuccaneer Deposit.The Buccaneer Project has had a considerable amount of drillingcompleted by previous explorers, which has defined the existingresource. The sampling has been carried out using a combination ofAircore (AC), Reverse Circulation (RC) and diamond drilling.Significant historic RAB drilling covers the area and was used indeveloping the lithological and mineralisation interpretation. However,this data was not used in the estimate and is not detailed here. 124 AC,163 RC, 8 RC(D) with diamond tails and 5 diamond holes were drilledbetween 1993 and 2015 and was undertaken by several differentcompanies:1993– 1996 – RAB and DDH drilling by North Flinders Mines1997 – 1999 – RC and RAB drilling by North Flinders Mines

Criteria	JORC Code explanation	Commentary
		2004 – AC, RAB and RC drilling by North Flinders Mines2010 – 2015 - AC, RC, RCD and DD by ABM ResourcesDrill core is geologically logged and marked up for assay at approximately1 m intervals. Drill core is cut by a diamond saw and half core samplessubmitted for assay analysis. 2 Diamond holes were drilled and sampledspecifically for metallurgical test work. RC samples are logged geologicallyand 1 m split samples submitted for assay. AC samples were either 1 mor 3 m composite spear samples dependent on drill campaign. .Between 2010 and 2015 sampling was carried out under ABM's protocolsand QAQC procedures. 54% of the AC, RC, RCD and DD holes drilled atBuccaneer were completed by ABM.Prior to 2010, sampling was carried out under the relevant company'sprotocols and procedures and is assumed to be industry standardpractice for the time. Specific details for this historical drilling are notreadily available, however assays and lithology appear consistent withresults from ABM's work, and historic data is considered representativeand equivalent.
Geology	Deposit type, geological setting and style ofmineralisation.	Gold mineralisation is disseminated within a monzogranite intrusion, andtypically associated with quartz veins, visible gold is seen in the quartzstockwork veining. Mineralisation extends from near-surface to a depthof over 500m and has been defined in several zones over an area of2,200m by 800m. Mineralisation within the main body of themonzogranite has been recognised to have a moderate north-easterlydip.
Drill holeInformation	A summary of all information material to theunderstanding of the exploration results including atabulation 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.	All relevant historical drill hole information has been previously reportedthrough open file reporting by previous explorers.Summaries of all material drill holes from previous Prodigy Gold drillingare available within the Company's ASX releases.
	If the exclusion of this information is justified on thebasis 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	No exploration information material to the announcement has beenexcluded. Subsequent to the completion of the 2017 resource estimate,approximately 35,000 geological logging records from drilling completedin 2012-2016 were identified as missing from the company's database.These have been loaded into the database and are being reviewed toassess the potential for a resource estimate with enhanced geologicalinput.
Data aggregationmethods	InreportingExplorationResults,weightingaveraging techniques, maximum and/or minimumgrade truncations (e.g. cutting of high grades) andcut-off grades are usually Material and should bestated.	Prodigy Gold reports length weighted intervals with a nominal 0.5g/t goldlower cut-off. As geological context is understood in exploration datahighlights may be reported in the context of the full program. No uppercut-offs have been applied as intersections are visual logs.
	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 to intersectiongeneration are available within the Company's ASX releases. All resultsare shown on maps. Highlight holes are reported individually. It shouldnot be assumed all results are represented on diagrams.
	The assumptions used for any reporting of metalequivalent values should be clearly stated.	No metal equivalents are being reported.

Criteria	JORC Code explanation	Commentary
Relationshipbetweenmineralisationwidths andintercept lengths	These relationships are particularly important in thereporting 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 lengths arereported, there should be a clear statement to thiseffect (e.g. 'down hole length, true width notknown').	The majority of drilling is RC, and thus the exact geometry of themineralisation with respect to drill angle cannot be determined. From thelimited diamond drilling, the company identified stockwork veining atvarious orientations. The overall trend of the fresh mineralisation has amoderate north-easterly dip. Subsequently, drill holes are angled at 60degrees to drill as close to orthogonal to mineralisation as possible.Intercepts reported are down hole length, true width is not known.
Diagrams	Appropriate maps and sections (with scales) andtabulations of intercepts should be included for anysignificant discovery being reported These shouldinclude, but not be limited to a plan view of drillhole collar locations and appropriate sectionalviews.	Refer to Figures and Tables in the body of the text.
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.	The Company reports all assays as they are finalised by the laboratory. Noassays are being reporting in this announcement.
Other substantiveexploration data	Other exploration data, if meaningful and material,should be reported including (but not limited to):geological observations; geophysical survey results;geochemical survey results; bulk samples – size andmethod of treatment; metallurgical test results;bulk density, groundwater, geotechnical and rockcharacteristics;potentialdeleteriousorcontaminating substances.	Appropriate data is provided in the announcement. Multi-elementgeochemistry and spectral logging studies have been completed on thedeposit. These are used to influence the interpretation of the regolithprofile and host rock lithology. Metallurgical test work has previouslyth August 2015. No deleterious elements are noted.been published on 17Subsequent to the completion of the 2017 resource estimate,approximately 35,000 geological logging records from drilling completedin 2012-2016 were identified as missing from the company's database.These have been loaded into the database and are being reviewed toassess the potential for updating the resource estimate with enhancedgeological input.
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	Further work would include improved geological understanding toconfirm continuity of mineralisation and could be used as a basis to targetextensions of the Resource as it is currently open at depth and in severalstrike directions.

Appendix 5. Buccaneer August 2017 Mineral Resource Estimate (ASX 1 September 2017)

Buccaneer Gold Deposit – Mineral Resource Estimate August 2017
	Indicated		Inferred			Total
Oxide	Tonnes(Mt)	GradeAu (g/t)	Metal(koz)	Tonnes(Mt)	GradeAu (g/t)	Metal(koz)	Tonnes(Mt)	GradeAu (g/t)	Metal(koz)
Oxidised	0.2	1.69	12	0.1	1.82	4	0.3	1.73	16
Transitional	0.7	1.69	40	0.5	1.52	22	1.2	1.63	62
Fresh	0.3	1.59	13	8.3	1.86	494	8.5	1.85	507
Total	1.2	1.67	65	8.8	1.84	521	10.0	1.82	585

i Report on E.L. 5288 Program and Expenditure for Year 1 23.10.1987 to 22.10.1988 CR89/007 https://geoscience.nt.gov.au/gemis/ntgsjspui/bitstream/1/65942/1/CR19890007.pdf