Prodigy Gold Targets High-Grade Extensions and JV Deals in 2025 Tanami Push

Strategic Focus on Tanami North Projects

Prodigy Gold NL (ASX: PRX) has outlined a robust exploration program for the 2025 field season, with a clear emphasis on expanding and upgrading mineral resources in the Tanami Region of the Northern Territory. Central to this plan is the Hyperion Deposit, where recent drilling has revealed promising high-grade intercepts, notably a 10m interval grading 15.9g/t Au from 177m depth. The company intends to drill two deep diamond holes to test the down-dip extension of this mineralisation, potentially unlocking underground mining opportunities.

Alongside drilling, Prodigy Gold is advancing metallurgical testwork on Hyperion and Tethys lodes, with results expected in the second quarter of 2025. These studies aim to refine processing strategies, including gravity recovery and carbon-in-leach methods, which are critical for defining the economic viability of future mining operations.

Resource Development and Exploration at Tregony

The Tregony Deposit, located approximately 25km north of Hyperion, is also a key focus. Following encouraging 2024 drilling results, including a 21m intercept at 4.4g/t Au, Prodigy Gold plans further drilling to bolster confidence in its 1.6Mt @ 1.3g/t Au resource. This work is expected to refine resource estimates and support potential development pathways.

Unlocking Value at Old Pirate and Tanami West

Beyond resource drilling, Prodigy Gold is exploring development options for the Old Pirate Deposit, which holds a substantial Mineral Resource of 0.8Mt @ 4.5g/t Au. The company is actively assessing joint venture or profit-sharing arrangements to mitigate risk and capital expenditure while capitalising on historically high gold prices. Old Pirate’s existing infrastructure, including a gravity plant and camp facilities, enhances its attractiveness for near-term mining.

Following the expiration of its sales agreement with Stockton Mining Limited, Prodigy Gold has regained management of the Tanami West project. The company is conducting a thorough review of exploration targets across this portfolio, prioritising prospects such as Galaxy, Blackcat, and Vampire for future work. Surface sampling and mapping are planned, pending regulatory approvals, to better define these targets and guide subsequent drilling campaigns.

Regulatory Progress and Environmental Considerations

Prodigy Gold has lodged a Mineral Lease application for the Hyperion Deposit, encompassing the deposit and surrounding areas for mining infrastructure. The approval process, including environmental impact assessments and negotiations with Traditional Owners, is expected to take at least two years. Concurrently, the company is initiating environmental studies to support this process, underscoring its commitment to responsible development.

Managing Director Mark Edwards highlighted the company’s methodical approach, noting that the integration of drilling results, metallurgical data, and environmental studies will be pivotal in shaping a high-quality mining plan. The pursuit of co-funding through government grants for drilling further demonstrates Prodigy Gold’s strategic leveraging of external resources to advance its projects.

Outlook for 2025 and Beyond

Prodigy Gold’s 2025 exploration agenda is ambitious yet grounded in solid geological data and strategic partnerships. By focusing on resource expansion at Hyperion and Tregony, advancing development options at Old Pirate, and systematically evaluating Tanami West prospects, the company is positioning itself to unlock significant value in a prolific gold province. Investors will be watching closely as drilling results and metallurgical findings emerge, potentially reshaping the company’s resource profile and development trajectory.