Progress Report for Buccaneer Diamond Drilling

Prodigy Gold NL (ASX: PRX) ('Prodigy Gold' or the 'Company')'Company') is pleased to announce progress results from diamond drilling on its projects in the Northern Territory.

KEY POINTS

• Buccaneer Resource is 10Mt @ 1.8g/t Au for 585koz above a 1g/t cut off
• Scoping study geotechnical and metallurgical diamond drilling completed to further evaluate a potential low-cost, heap leach processing scenario for the Buccaneer Resource
• Program of 8 holes for 1,419m of diamond drilling completed
• Results returned for the first hole include:
  • 7m @ 1.3g/t Au from 36.5m
  • 4m @ 3.4g/t Au from 48m
  • 13.35m @ 3.9g/t Au from 79.7m including 3.3m @ 13.5g/t Au from 79.7m
  • 12m @ 0.9g/t Au from 97.05m
  • 43m of a 120m hole mineralised
• Aircore drilling recently demonstrated potential for resource extension with mineralisation intersected 150m to the south of the resource.
• Unsampled historic diamond core containing visible gold at Golden Hind has been sampled and submitted for assay
• Delays in the laboratory screen fire assays are resulting in delays in reporting of Tregony, Golden Hind, and Buccaneerresults.
• Results are reported for Reward and PHD diamond drilling

Studies undertaken over the last year have evaluated a heap leach processing scenario for the Buccaneer Deposit. When the type of mineralisation is appropriate, heap leaching is a simple, low- cost process that can result in significant savings in capital expenditure and operating cost, which can significantly improve a project's economics. Deep weathering in the Tanami results in softer weathered rocks, and sulphide is often completely oxidised up to 100m below surface.

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