Group Annual Report EL 9250, EL 26619, EL 27125, EL 27126, EL 27979, EL 31330, EL 31331 and EL 31530 Suplejack Project GR166 from 30 November 2017 to 29 November 2018

Abstract

In May 2018 ABM Resources NL changed its name to Prodigy Gold NL (Prodigy). The Suplejack Project is located approximately 700km NNW of Alice Springs in the northern portion of the Tanami Desert (Figure 1). The project currently comprises eight granted Exploration Licences - EL 9250, 26619, 27125, 27126, 27979, 31330, 31331 and 31530. Prodigy is exploring the tenements for gold mineralisation. Exploration consisted of RC drilling and an upgrade of the resource estimate. In October 2018 a total of five RC holes for 1002m were completed (EL 9250) to extend the Suplejack resource by testing targets along the NNW trending high grade Seuss structure between the WNW trending Hyperion-Tethys and Hyperion South mineralised shear zones. The drill program returned wide intersections 200m south of the existing resource area including 89m at 0.3g/t Au from 67m to EOH (SJRC0058) and 43m at 0.4g/t Au from 137m to EOH (SJRC0056). Both holes ended in mineralisation in spite of 50m extensions. The results represent a new style of mineralisation for the Suplejack Project. They also revealed that previously not known gold mineralisation is associated with the 60km+ long regional Suplejack Fault. The highest gold assay value returned was 5.9ppm in hole SJRC0055 from a depth of 111m. In July 2018 under Prodigy Gold's guidance independent specialists, Optiro Pty Ltd, updated the total Mineral Resource Estimate based on RC drilling completed in 2017 for the Suplejack Project to 4.9Mt at 1.95g/t gold containing 309.5kozs from the February 2017 estimate of 3,587,000t at 2.08 g/t gold containing 239,600 ounces. The resource update was generated following an additional 1,608 m of drilling completed in November 2017. In contrast to the 2017 estimate it used average density readings from core which were assigned to the mineralised domains on the basis of material type and to the waste blocks based on a combination of lithology and material type. It was recommended to continue with the ongoing update and reinterpretation using the 2018 results.