Partial Relinquishment Report for EL 25845 Monza Project for the period 14 December 2023 to 13 December 2024

Abstract

This Partial Relinquishment report documents exploration work conducted by Prodigy Gold NL (Prodigy) and Newmont Exploration Pty Ltd (Newmont) on the surrendered portion of Exploration Licence (EL) 25845 (the Licence), during the period 14th December 2012 to 13th December 2024, which forms part of Newmont's Monza Project (the Project). Pursuant to the Monza Exploration Farmin and Joint Venture Agreement entered into in 2021, Newmont is appointed Operator by Holder, Prodigy. The Project is located within the Granites-Tanami Orogen (GTO) region of the Paleoproterozoic North Australian Craton (NAC), located approximately 15 km northeast and 30 km east of the Dead Bullock Soak (DBS), comprising the world class Callie deposit. Work completed during the reporting period comprised desktop studies and the completion of two surface geochemical surveys, utilising Newmont's proprietary Deep Sensing Geochemistry (DSG) technique. A horizontal to vertical spectral ratio (HVSR) passive seismic survey was also completed coincidently with the surface geochemical surveys. An airborne magnetic survey was also acquired. Two broad spaced surface geochemical surveys were conducted during 2022 and 2023, comprised of north-south trending traverses on an offset grid of 1 km x 1 km to provide broad coverage across the Licence area. A more detailed survey completed at a nominal spacing of 500m x 500m was also carried out during 2022, on the south eastern portion of the Licence. A total of 81 DSG survey points were collected during 2022 and 2023. Results of the surveys highlighted several low level anomalous responses. An airborne magnetic geophysical survey co-funded by Prodigy, Newcrest Mining Ltd (Newcrest) and the Northern Territory Geological Survey (NTGS) was conducted across the Licence in its entirety. The airborne magnetic geophysical survey facilitated the infill of flight lines from 200 m spacing to 100 m spacing. The surface geochemical surveys have resulted in the voluntary partial surrender of EL 25845, in areas where no significant anomalous results were returned.