공지 • Apr 02
Prodigy Gold NL Reports an Updated Mineral Resource Estimation for Its 100% Owned Hyperion Gold Deposit Located on EL9250 Within the Tanami North Project in the Northern Territory
Prodigy Gold NL reported an updated Mineral Resource estimate for its 100% owned Hyperion Gold deposit (‘Hyperion’) located on EL9250 within the Tanami North project in the Northern Territory. A total Mineral Resource of 9.66Mt @ 1.4g/t Au for 435,000 ounces has been estimated and reported at cut-off grades of 0.5g/t Au for oxide and transitional material and 0.6g/t Au for fresh material. This represents an increase in ounces from the previously reported Hyperion Mineral Resource of 8.64Mt @ 1.5g/t Au for 407koz, which was reported at a lower cut-off of 0.6g/t Au 1. The updated Mineral Resource estimate has been reported in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the ‘JORC Code’). The Hyperion Mineral Resource update incorporates results from drilling completed on the deposit through 2023 and 2024. There are several changes in the latest update including: · the lowering of the cut-off grade in oxide and transitional material from 0.6g/t Au to 0.5g/t Au, reflecting the higher gold price used in the cut-off grade calculations; · the use of new drilling data when updating the mineralisation wireframes, increasing the overall volume of material in the model; and · the updating of the weathering wireframes with a deeper oxidisation level than in the previous model as a result of a better understanding of the local weathering in the area. The updated Mineral Resource highlights the potential of the Tanami North project area, a strategically important project for the Company. This area will continue to be the main focus of exploration activities during the 2025 field season with drilling planned for both the Hyperion and Tregony Gold Deposits. This will include diamond drilling at Hyperion designed to investigate mineralisation down-dip, while providing important structural and stratigraphic context to known mineralisation. Prodigy Gold's Mineral Resource estimates now total 21.2Mt at an average grade of 1.4g/t gold for 973koz of gold, with resources located at Tregony, Old Pirate and Buccaneer, in addition to Hyperion. The Hyperion Mineral Resource is one of two Prodigy Gold deposits defined along the regional Suplejack Shear Zone (‘SSZ’), which also hosts the Groundrush (Mineral Resource - 1.1Moz Au) and Crusade deposits (Mineral Resource - 94Koz Au) 2. The Hyperion deposit is located on Exploration Licence (‘EL’) 9250 and is registered to Australian Tenement Holdings Pty Ltd, a wholly owned subsidiary of Prodigy Gold. The lease was granted to Otter Gold on 17 October 2001, following the application being submitted in 1995. The title currently consists of 64 blocks, or 201.86km². Applications for renewal have been lodged and approved by the Department of Mines and Energy - Northern Territory (‘DME’) with the current expiry date of 16 October 2026. The tenement is in good standing and falls within the Tanami Region of the Northern Territory, approximately 620km north-northwest of Alice Springs. To ensure the tenure of the Mineral Resource is retained, Prodigy Gold submitted an application for a Mineral Lease over the Hyperion deposit in December 2024 6. MLA34047 covers an area of 1,998Ha and encompasses the entirety of the Hyperion Mineral Resource. EL9250 is subject to a confidential exploration agreement between Prodigy Gold and the Traditional Owners through the Central Land Council (CLC). The title is located on Aboriginal freehold land as part of the Central Desert Aboriginal Land Trust. Heritage clearances have been completed to ensure the protection of cultural sites of significance. The Hyperion Mineral Resource update incorporates results from the 2023 and 2024 Hyperion drilling campaigns, which have been reviewed internally and reported in accordance with the guidelines of the JORC Code. The estimation has been completed considering only open pit mining methods, the logical extraction methodology for this style of near surface mineralisation. The Hyperion Mineral Resource update has been reported constrained to a depth from surface of 180m and reported above a 0.5g/t Au for Oxide and Transitional material and 0.6g/t Au cut-off grade for fresh material. Whilst a previous model was constrained using an optimised pit shell, which was up to 200m in depth, the current Mineral Resource has been determined to a total depth of 180m below surface. The mineralisation continues past this level and will be used to assist the planning of future deeper drilling. The Hyperion Mineral Resource update totals 9.66Mt at 1.4g/t Au for a total of 435koz of gold and has been reported in the Indicated and Inferred categories. Recent studies on the metallurgical recoveries for the deposit have also been reviewed, highlighting this deposit would be suitable for processing through a conventional carbon-in-leach (‘CIL’) processing facility with estimated recoveries of over 95% in oxide and transitional material and between 72% and 95% for fresh material 78. During the estimation process, historic Air Core and RAB drillholes were assessed to gain an understanding of where future RC or Diamond Core drilling may be best directed at Hyperion to increase the Mineral Resource inventory of the Company. The area was initially explored by Zapopan, which held the ground from 1989 to 1995. During this period, they drilled 287 Rotary Air Blast (‘RAB’) and 14 Reverse Circulation (‘RC’) holes and conducted extensive regional surface sampling. In 2001, EL9250 was granted to Otter Gold and later acquired by Newmont through a corporate takeover. Newmont managed exploration activities on the title until selling the project to Prodigy Gold in 2009. During their tenure, Newmont carried out multiple drilling campaigns, as summarised in the table below, and conducted additional surface geochemistry and geophysical surveys. Since 2010, Prodigy Gold (formerly ABM Resources) has actively explored the project, focusing on RC and diamond drilling (‘DD’) around key targets, including the Hyperion deposit and the Brokenwood prospect to the south. Prodigy Gold has conducted the majority of sRC, RC, RCD and DD drilling used in the resource estimation, completing over 25,000 metres of the total of 35,600 metres since 2010 -- accounting for approximately 70% of the total drilling metres used in this estimation process. Details of the different types of drilling used on the project are outlined below; AC - Air Core; DD - Diamond Core; RAB - Rotary Air Blast (WB - Water Bore using RAB Method); RC - Reverse Circulation; RCD - RC Pre-Collar with Diamond Core Tail (classified as Diamond Drilling in the estimation); sRC - Slimline RC.
