Partial Relinquishment Report for Exploration Licence EL 28083 Stafford SE, Reynolds Range Project GR251 From 31 January 2011 to 30 January 2021

Abstract

The relinquished blocks are part of Prodigy Gold NL (Prodigy) [formerly ABM Resources NL (ABM)] Reynolds Range Project which is located approximately 230 kilometres north-northwest of Alice Springs in the western Arunta region (Figure 1). The project comprises three granted Exploration Licences, EL 28083, EL 23888 (GR251) and EL 23655. Prodigy explores the project for the potential of gold mineralisation. No on - ground exploration was completed on the surrendered tenement area as all exploration activities focused on other areas of the project. In 2012 Fugro Pty Ltd completed a project wide medium density airborne electromagnetic (AEM) survey. The survey data was processed and interpreted by Fathom Geophysics. No conductive targets were located on the relinquished blocks. In 2014 ABM reached an agreement with Clancy Exploration Ltd (ASX: CLY) ('Clancy') whereby Clancy would have had the option to acquire 100% of ABM's interests in the North Arunta Regional Projects, which EL 28083 formed a part of. Clancy asked Fathom Geophysics to compile and re-process of potential field datasets covering the North Arunta region and as such the relinquished blocks. Clancy also requested SRK Consulting to do a preacquisition assessment of the data, which did not highlight any possible targets on the relinquished area. A target review and Clancy reprocessing indicated an ESE plunging antiform along retrograde shear zones proximal to the axial plane. Most Reynolds Range prospects are located on either limb. The southern part of EL 28083 does not form part of this antiform and is less likely to host mineralisation. Coincident younger cover sequences hampering cost effective exploration and the presence of a larger unmineralised granite over parts of the blocks render these blocks less prospective. Historic soil, lag, and early RAB does not exceed background levels for gold, arsenic or copper. From 2015 to 2021 project wide desktop studies and brief field trips were completed. None of them converged on the relinquished area. As the 2020 conceptual target review did not identify a target in the relinquished area Prodigy's ongoing tenement review led to the decision to relinquish the 3 sub blocks in January 2021.