Partial Relinquishment Report for Exploration Licence EL 23655 Reynolds Range Project from 12 June 2003 to 11 June 2021

Abstract

The relinquished blocks of EL 23655 are part of Prodigy Gold NL's (Prodigy) [formerly ABM Resources NL's (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. At the end of the 18th year of term 6 sub- blocks were relinquished from the tenement area prior to renewal. (Figure 1). Exploration on the relinquished tenement portions of EL 23655 by Prodigy, Select Resources Pty Ltd (Select) and Tanami Exploration NL (TENL) as well as Deep Yellow Limited (DYL) is listed below. No on - ground exploration was completed on the surrendered tenement area as it was covered by a Restricted Work Area zone and as all exploration activities focused on other areas of the project. In 2009 JV partner DYL, exploring for uranium, commissioned a report to interprete Night Time Thermal Infrared data to help identify palaeo-channels and palaeo-ponds across the tenement. No interpreted ponding features were located on the relinquished area. In the year ending 11th June 2013 exploration across Prodigy's Reynolds Range Project included the completion of a medium density airborne electromagnetic survey. The relinquished area was not included. In 2014 Prodigy reached an agreement with Clancy Exploration Ltd (Clancy) for a possible joint venture of the Reynold Range Regional Project, which EL 23655 formed a part of. Clancy asked Fathom Geophysics to compile and re-process 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. From 2015 to 2021 project wide desktop studies and brief field trips were completed. None of them on the relinquished area. In May 2021 a Reynolds Range project tenement review concluded in partial relinquishment of 6 blocks of EL 23655 effective from 11 June 2021.