PRODIGY GOLD NL — Investor Presentation 2020

Jul 15, 2020

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ASX:PRX

The road to discovery in the Tanami Systematic exploration of one of Australia’s leading gold regions

Noosa Mining Virtual Conference 16[th] July 2020

Important information and competent person

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IMPORTANT INFORMATION

This presentation has been prepared by Prodigy Gold NL (“Prodigy Gold” or the “Company”). This presentation is for information purposes only and should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation.

You should not act or refrain from acting in reliance on this presentation material. You should conduct your own investigation, perform your own analysis and obtain independent professional advice, in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation and in making any investment decision in respect of Prodigy Gold. The release of this announcement to the ASX is authorised by the Managing Director, Matt Briggs.

COMPETENT PERSONS STATEMENT

This presentation contains forecasts and forward looking statements and information which are based on internal business data and information obtained from external sources. Forward looking statements may be identified by the use of words such as “anticipate”, “expect”, “estimate”, “planned”, “forecast”, “likely”, “intend” and other similar expressions. Such forecasts and information are not a guarantee of future performance and involve unknown risks, uncertainties and contingencies which may impact future outcomes on the Company. Actual results and developments will therefore almost certainly differ materially from those expressed or implied. Prodigy Gold has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. Accordingly, to the maximum extent permitted by law, Prodigy Gold makes no representation and gives no assurance, guarantee or warranty, express or implied, as to, and takes no responsibility and assumes no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission from, any information, statement or opinion contained in this presentation.

The information in this presentation is given in summary form and does not purport to be all inclusive or contain all information which you may require in order to make an informed assessment of the Company’s prospects. Nothing contained in this presentation constitutes investment advice, financial product advice or legal, tax, accounting or other advice, nor does it take into account the financial situation, objectives or needs of any person. Prodigy Gold is not licensed to provide financial product advice.

The information in this presentation relating to exploration targets and exploration results is 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 Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

Refer to previous Company ASX announcements for full resource estimation details, drill hole details, and intercept calculations.

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Corporate Snapshot

Capital Structure	ASX:PRX
Shares on Issue	580.6m
Unlisted options	39.7m
Net Cash1	A$11.4m
Market Cap2	A$34.8m

Shareholding Structure[3]

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16.5%
Pacific Road Capital
10.9%
APAC Resources Capital
IGO
64.1% 8.5%
Other
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• 1 Available cash as at 31 March 2020. Excludes A$2.4m cash reserved for required cash backing of environmental bonds

• 2 Based on closing share price of $0.06 as at 12 February 2020

• 3 Substantial shareholders as at 31 July 2020

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Board of Directors
Tommy McKeith	Non-Executive Chairman (Evolution, ex-Gold Fields)
Matt Briggs	Managing Director (ex-Gold Fields)
Brett Smith	Non-Executive Director (Dragon Mining, APAC Resources)
Mike Stirzaker	Non-Executive Director (Pacific Road representative)

Share Price Chart

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18 4
Volume
16 3.5
14
3
12
2.5
10
2
8
1.5
6
1
4
2 0.5
0 0
Cents
Millions
Jul-2019 Aug-2019 Sep-2019 Oct-2019 Nov-2019 Dec-2019 Jan-2020 Feb-2020 Mar-2020 Apr-2020 May-2020 Jun-2020
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Investment Highlights

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Assets an explorer needs and a producer wants...

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1Moz
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JVs
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Enviable greenfields and brownfields portfolio in highly prospective Tanami region

• Massive strategic land holding in proven Tanami gold province

• Region is home to multiple 1Moz+ discoveries including Newmont’s 14.2Moz Callie Gold Mine

Aggressively exploring 100% owned priority projects

• Extensive exploration programs planned to test all priority gold targets

• 15.7Mt @ 2.0g/t for 1.01Moz gold resource

Accelerating Cu-Au and base metal projects

• IGO 70/30 JV over Lake Mackay – IGO 8.5% holder of Prodigy Gold shares

• JV’s currently awaiting access approvals to recommence

• TRL completed concept mining study

Experienced management, well funded & supportive shareholders

• Experienced management team with a track record of exploration success

• Significant earn-in commitments from JV partners

• High quality and supportive shareholders

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Northern
Territory
T anami
Western Australia
Queensland
South Australia
New South Wales
Victoria
Tasmania
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Multiple Opportunities for Discovery

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WA NT
100% Prodigy Gold
Euro JV
Lake Mackay JV
Tobruk JV
Other Company100km
Processing Plant
Road
Gas Pipeline
Railway
100km
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Tanami Ground Package – PRX 100%

• Same corridors as Callie 14Moz (Newmont) & Groundrush 1.7Moz (NST)

• Bluebush-Bonanza: Includes Bluehart, Tabby, West Bonanza, Hat

• Hyperion: Includes Indicated & Inferred Resource of 4.93Mt @ 1.95g/t for 310koz at Hyperion and Seuss Prospect

• Tregony: Hosts a historical 69koz gold resource (JORC 2004) and has previous high grade RC drilling intersections

• North Arunta: Province scale gold opportunity – multiple targets remain largely untested

Strategic Joint Ventures – Copper, Gold and Base Metals

Lake Mackay JV – IGO

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• Cu-Au, Ni-Co and Orogenic Au potential

• 70/30 JV

Euro – Newcrest

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• $12M in-ground earn-in to 75%

Tobruk – Newmont

• $12M in-ground earn-in to 70%

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• $2.5M cash + Financing option

Old Pirate – TRL Tanami

• Operator agreement $2.3M + 2.5% NSR

• Buccaneer option

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Maintaining Exploration Momentum

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Exploration staff now on ground following COVID-19 delays

• Land Council suspended all exploration in March

• NT to remove 14-day quarantine on 17[th] July

• COVID-19 management plan in place

• No planned activity within 50km of communities

• On ground preparations underway to recommence drilling in the near-term. Initial priorities will be:

• Prodigy Gold 100% owned:

• 19 targets planned for aircore or RC drill testing in FY2021

• First programs to start at the Bluebush-Bonanza and North Arunta projects

• Lake Mackay JV:

• 6 targets with RC and diamond drilling planned for Lake Mackay in FY2021

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Bluebush-Bonanza

• Similar rock sequence and structural setting as 14Moz Callie Deposit

• Several large sale anomalies to be drilled

• Bluehart 1,000m long soil Au anomaly

• Bonanza West - 3,500m long soil Au anomaly

• Tabby - faulted antiformal Dead Bullock Formation undrilled

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Tabby Target soil gold and historic drilling

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Hyperion Project

4.9 Mt at 1.95g/t for 310koz of gold¹ camp scale opportunity

• Strategically located resource:

• 19km from 1.6Moz Groundrush Deposit (Northern Star)

• 58km from Central Tanami JV Plant (Northern Star)

• Hyperion - Seuss previous high-grade RC results 6m @ 19.4g/t Au, 7m @ 13.2g/t Au, and 15m @ 5.3g/t Au

• Aircore drilling planned to extend mineralisation south along the Suplejack Fault

• Permitting underway for first drilling at Tregony

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1ASX 31 July 2018, 220 December 2018, 12 February 2020
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North Arunta

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Waldron’s

4km x 1.5km Au-As-Sb-Mo-Ag-Cu-in-soil. Open Harrison

4.2km x 1km Au-in-soil. Open

Kroda

57m @ 3.8 g/t Au from 12m incl. 9m @ 20 g/t

Eleanor

6m @ 26.0 g/t Au from 33m 24m @ 4.3 g/t Au from 24m Open

• 6km x 4km Au-As-in-soil. Undrilled

Lennon

• 7km x 3km Au-Cu-Mo-in-soil. Undrilled

Province scale opportunity

• Several multi-kilometre soil anomalies to be drilled in 2020

• Interpreted to be equivalent of the Tanami Province rocks

Tulsa

5km x 3km Au-As-in-soil. Undrilled

• JV partner drilling of a high-grade shoot at the Kroda Prospect returned 5m @ 15g/t Au and 9m at 11.5 g/t Au (ASX 28 February 2019)

• Four priority targets (Harrison, Eleanor, Lennon and Waldrons) remain largely untested

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18 March 2018, 28 February 2019

Joint Ventures Unlocking the Province

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IGO JV - Lake Mackay Au, Cu, Co, Mn, Ni identified

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•
Grimlock Ni-Co extended to 4km
•
1.8% Co in RC drilling
Grapple
Arcee 11m@7.9 g/t Au, 20.7g/t Ag, • +97% Co + Mn and 85% Ni to
12m@3.5g/t Au 0.8% Cu, 0.5% Pb, 1.1% Zn & 0.1% Co
atmospheric leach
WA NT
•
Swoop Ni-Co identified
•
2% Co, 1% Ni (rock chips)
•
Phreaker Copper Prospect identified
•
1,000m long
•
Raw 10m+ wide @ >1% Cu (RC)
Swoop • Arcee Au Prospect
2.0% Co 1.0% Ni
•
12m @ 3.5g/t Au (RC)
Grimlock Phreaker
1.8% Co 0.8% Ni 1,000m long
10m+ wide 1% Cu
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RC & Diamond Drilling planned in FY2021

ASX 18 September 2017, 20 February 2019, 17 July 2019, 16 Oct 2019, 12 Dec 2019

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Old Pirate Operator Agreement

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• Strategic move to monetise non-core assets

• TRL Tanami to operate Old Pirate Project on following terms:

• 10-year agreement

• $2.3M cash + 2.5% NSR

• Option for NSR buyout for $3M

• Provides further tribute/toll treating/JV options for small-scale discoveries

• Conceptual mining study completed

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$22M + 1% NSR for fully executed deal

ASX 3 Oct 2019

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Moving Closer to Discovery in FY2021

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100%-owned Portfolio:

• Follow-up aircore and RC drilling at Bluebush Project to test several encouraging early stage targets including Hat

• RAB drilling of large-scale soil Au anomalies at the North Arunta Project

• Additional aircore drilling to follow-up broad intersections at Hyperion Project

• Drilling at Hyperion aiming to grow current Indicated and Inferred Resource and to progress discovery of new standalone projects

• First on RAB and RC drilling on historic Tregony resources

• NT Govt co-funded drilling on the Lennon Target

Joint Venture Portfolio:

• Diamond drilling to test deeper base metal targets at Lake Mackay Project (IGO JV)

• RC drilling at Grimlock Co-Mn-Ni

• RC drilling of Arcee Au Prospect

• WA Govt co-funded RC drilling on the West Aileron Target

• Reconnaissance work continuing on other JV’s

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2020 Target areas
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Experienced Management

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Successful explorers that understand what it takes to build a mine

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Non-Executive Chairman - Mr Tommy McKeith BSc Hons (Geol), GDE (Mining), MBA, Fellow AusIMM

• Resource company executive with 28 years’ experience in various exploration, business development, mine geology and executive leadership roles

• Led exploration teams to several significant discoveries and concluded several significant business development transactions

• Formerly Executive Vice President: Growth and International Projects for Gold Fields Ltd, CEO of Troy Resources Ltd and held non-executive director roles at Sino Gold Ltd and Avoca Resources

• Non-executive director of Evolution Mining Ltd, Genesis Mineral Ltd, Arrow Minerals Limited

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Managing Director - Mr Matt Briggs BSc (Geology), Member AusIMM

• 20 years’ experience in Australia and internationally in various aspects of mine geology, exploration, project management and strategic leadership in the gold industry

• Previously headed Group Strategic Planning for Gold Fields Limited

• Directly involved or managed teams that have discovered several multi-million ounce gold deposits

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Contact us

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Prodigy Gold NL ASX:PRX

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+61 8 9423 9777 admin@prodigygold.com.au Level 1, 141 Broadway, Nedlands WA 6009, Australia

Prodigy Gold Resource Summary

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Project	Date	Indicated Inferred Total	Indicated Inferred Total	Indicated Inferred Total	Indicated Inferred Total	Indicated Inferred Total	Indicated Inferred Total	Indicated Inferred Total	Indicated Inferred Total	Indicated Inferred Total	Indicated Inferred Total
		Cut-Off Grade (g/t)	Tonnes (Mt)	Grade (g/t Au)	Metal (Koz)	Tonnes (Mt)	Grade (g/t Au)	Metal (Koz)	Tonnes (Mt)	Grade (g/t Au)	Metal (Koz)
Old Pirate1	Aug-16	1.0	0.04	4.6	7	0.72	4.7	109	0.76	4.7	115
Buccaneer2	Aug-17	1.0	1.2	1.7	65	8.8	1.8	520	10.0	1.8	585
Hyperion3	Jul-18	0.8	0.92	2.4	69	4.0	1.9	240	4.9	2.0	310
Total		various	2.2	2.0	141	13.5	2.0	869	15.7	2.0	1,010

Total Resource: 15.7Mt at 2.0g/t for 1.01 Moz of gold

1ASX 19 Aug 2016 2 ASX 1 Sept 2017 3ASX 31 July 2018

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