Hyperion Drilling Yields 9m at 4.3g/t Au Including Visible Gold Discovery

Encouraging Drilling Campaign at Hyperion

Prodigy Gold NL (ASX, PRX) has announced a successful diamond drilling campaign at its Hyperion Gold Deposit, part of the Tanami North Project in Australia's Northern Territory. The recent program comprised six holes totalling just over 1,000 metres, designed to test the down-dip and along-strike extensions of the known mineralisation zones within the Seuss and Tethys lodes.

Results from four of these holes have revealed multiple significant gold intercepts, notably including a 9-metre section grading 4.3 grams per tonne gold, with a high-grade 2-metre interval at 17.8 grams per tonne. Most strikingly, visible gold was observed for the first time at Hyperion in one of the diamond holes, a geological milestone that validates the robustness of the mineralising system.

Geological Significance and Deposit Continuity

The discovery of visible gold within the quartz-carbonate veins confirms the presence of structurally controlled, high-grade gold mineralisation. This supports the interpretation that the Hyperion deposit hosts both broad mineralised zones and discrete high-grade shoots, particularly within the Seuss and Tethys lodes. The mineralisation remains open at depth and along strike, indicating clear potential for resource expansion.

Managing Director Mark Edwards highlighted the importance of these results, noting that they enhance confidence in the scale and quality of the deposit. The drilling also improves geological understanding of key structural corridors, which will be critical for refining future exploration and development strategies.

Next Steps, Resource Update and Advanced Studies

Prodigy Gold plans to incorporate the new drilling data into an updated Mineral Resource Estimate for Hyperion. To ensure assay accuracy, particularly for high-grade samples, selected intervals exceeding 10 grams per tonne will undergo additional verification using Photon Assay techniques. This step aims to complement the standard fire assay results and provide greater confidence in grade estimations.

Furthermore, the company is collaborating with CSIRO on an integrated 3D structural, mineralogical, and geochemical study. This research will focus on vein orientations, gold distribution, and alteration patterns to better understand the controls on mineralisation within the Hyperion-Tethys system.

Looking Ahead, Continued Exploration and Development

With the current drilling program co-funded by the Northern Territory Government’s Resourcing the Territory Initiative, Prodigy Gold is well-positioned to advance its exploration efforts. Planning is underway for the 2026 field season, which will prioritise resource growth and deeper testing of mineralisation extensions. These initiatives align with the company’s broader strategy to develop its Tanami North and Twin Bonanza projects, leveraging its substantial mineral resource base exceeding one million ounces.

Overall, the recent diamond drilling results at Hyperion mark a significant step forward in unlocking the deposit’s potential, combining geological validation with promising assay results that underpin future growth prospects.