Prodigy Gold NL reported a Maiden Mineral Resource estimate at its 100% owned Tregony deposit located on EL31331 at the Tanami North project in the Northern Territory, in accordance with the 2012 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. A total of 1.44Mt @ 1.16g/t Au for 54,000 ounces has been defined in this Mineral Resource using a cut-off grade of 0.6g/t Au. While the Tregony Mineral Resource has previously been reported by Ord River Resources 1 in 2012, under the 2004 Edition of the JORC code, this is the first time it has been reported in accordance with the 2012 Edition of the JORC code.

The Tregony Mineral Resource represents the first addition to the Prodigy Gold's Mineral Resource inventory since the Hyperion Mineral Resource was reported back in 2018. The Prodigy Gold's 100% owned Mineral Resource inventory now totals 17.1 million tonnes at an average grade of 1.93g/t gold for 1.06 million ounces of gold with resources located at the Old Pirate 2, Buccaneer 3, Hyperion 4 Projects and now the Tregony Project. The Tregony Mineral Resource is Prodigy Gold's second deposit defined along the regional Suplejack Shear Zone which also hosts the Central Tanami Project Joint Venture's Groundrush and Crusade deposits.

The CTPJV is 50% partnership between Northern Star Resources Limited and Tanami Gold NL. Following the first drilling at the project by Acacia Resources in 1996, there have been several operators completing exploration on the project over the years. With Ord River Resources and Acacia Resources being the most active explorers between 1996 and 2012.

Prodigy Gold has completed one diamond hole at the project since the project was purchased from Vango Resources in 2015. A detailed review of the historic drilling was completed by Prodigy Gold geologists with the details of this work released in November 2021. Ord River Resources previously reported the Tregony Mineral Resources in 2012 in accordance with the JORC code - 2004 edition under two separate cut-off grades 7 within the Inferred category as: 0.5g/t Au - 2.4Mt @ 1.29g/t Au for 101,300 ounces of gold, 1.0g/t Au - 0.6Mt @ 3.02g/t Au for 62,700 ounces of gold, As this historic Mineral Resource was not reported under the guidelines of the JORC Code - 2012.

edition it has not been previously reported by Prodigy Gold as a compliant Mineral Resource. Since then, Prodigy Gold aimed to fully re-build the mineralisation model of the deposit using the historic drilling data as well as results of the diamond hole drilled by Prodigy Gold in 2021. Review of the drilling has shown that the low-grade mineralisation is hosted within the regional SSZ over an overall strike length of around 3 kilometres.

Mineralisation is represented in a stacked vein style model hosted within the Killi Killi sediment. There are over 50 mineralised lodes defined in the resource area ranging in thickness from 2m to up to 15m wide. The wireframes were defined using a lower cut-off of 0.3g/t Au but some areas of waste were also included to ensure continuity of the wireframes.

A minimum width of 2m was also used when defining the wireframes to apply some rigour around the assumptions of Open Pit minimum mining widths. The Granites Tanami Orogen forms part of the North Australian Craton, and is a remote, poorly exposed and relatively poorly understood terrane mainly comprised of Paleoproterozoic folded sedimentary and volcanic rocks and granitoids. The oldest rocks in the region are gneisses, schists and granitoids of the Browns Range Metamorphics and Billabong Complex which are part of the poorly exposed Archean crystalline basement.

The region consists of two major Precambrian tectonic units: the Granites-Tanami Group and the Birrindudu Basin sediments. The oldest sequence of the Tanami Group is the mostly greenschist facies metamorphic grade sedimentary and volcanic rocks of the Mt Charles Formation in the central Tanami and the Stubbins Formation in the western Tanami. Overlying the Mt Charles Formation are siltstones, cherts and lesser fine-grained sandstones interbedded with dolerite sills of the Dead Bullock Formation.These are interpreted based on their lithological and geochemical affinities to be laterally equivalent to the Mt Charles Formation.

The DBFm is the geological host to the world class Callie Mine at Dead Bullock Soak. Conformably overlying the Mt Charles and DBFm is a regionally extensive blanket of sandy turbidites of the Killi Killi Formation. Deposition of the Killi Killi turbidites is considered by to mark the transition of the Tanami Basin from a back-arc to a collisional setting.

The KKFm is host to the Coyote and Old Pirate mines as well as the Tregony Mineral Resource. The Tanami Group is unconformably overlain by siliciclastic sedimentary and felsic volcanic rocks of the Mount Winnecke Group and Ware Group that accumulated between ca. 1,825 and 1,810 Ma, followed by regional deformation and granite plutonism of the 1,800 to 1,790 Ma Stafford Event.

A structural evolution involving between three western Tanami and at least six eastern Tanami; deformation events have been described. Regional metamorphism as typically lower to middle greenschist facies, though zones of lower and higher metamorphic grade exist locally Te GTO is host to a suite of structurally controlled late tectonic orogenic gold deposits localised in and around the axes of anticlines or by brittle to ductile strain partitioning within and around rheological heterogeneities in the rock package. The Tregony Maiden Mineral Resource represents the first new Mineral Resource for Prodigy Gold since the release of the Hyperion Mineral Resource in 2018.

The Tregony Mineral Resource has been extensively reviewed internally and has been reported under the guidelines of the JORC Code - 2012 edition. The estimation has been completed considering open pit mining methods the logical extraction methodology for this style of mineralisation. The Tregony Maiden Mineral Resource has been reported as an open pit Mineral Resource constrained within a AUD 2,960 per ounce optimised shell reported above a 0.60g/t Au cut-off grade.

The Maiden Mineral Resource totals 1.44 million tonnes at 1.16g/t Au for a total of 54,000 ounces of gold .his Mineral Resource has been reported in the Inferred category only.