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Prodigy Gold (ASX:PRX) has achieved a significant 70% increase in ounces in an updated mineral resource estimate (MRE) for its Hyperion gold deposit within the Tanami North project in the Northern Territory.
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A total Hyperion MRE of 9.8 million tonnes (Mt) at 1.4 grams per tonne (g/t) gold for 454,000 ounces has been estimated and reported.
The updated estimate at Hyperion was based on additional drilling conducted by Prodigy Gold in CY25, including 19 RC holes drilled in and around the deposit.
MD, Mark Edwards, said the updated MRE highlights the potential of the Tanami North project area. “The Hyperion gold deposit has continued to demonstrate its importance to Prodigy Gold. The drilling completed in 2025 was designed to test the continuity of mineralisation and to add confidence to the previous mineral resource estimates, which have well and truly been achieved,” he said.
“The significant increase in the amount of indicated mineral resources for the project warrants looking at the mineability of the deposit as the next step.
“Work is now underway assessing the potential of developing a scoping study level analysis of the project, adding value to the project if it is demonstrated that open pit mining of the project has potential.”
Prodigy Gold’s total mineral resource estimates now total 23.8 Mt at an average grade of 1.4 g/t gold for 1.05 million ounces, with resources located at Tregony, Old Pirate and Buccaneer, in addition to Hyperion.
Mr Edwards told shareholders that Tanami North will continue to be the main focus of exploration activities during the CY26 field season, with drilling planned for both the Hyperion and Tregony deposits.
Work will include completing a scoping study-style analysis of the Hyperion gold deposit.
In the meantime, Prodigy continues to work on the advancement of the mineral lease application for Hyperion that was lodged in late CY24.
Mr Edwards also highlighted the growing relationship with the Central Tanami project joint venture (CTPJV) partners following the MGX Resources purchase of Northern Star’s stake in the project.
“Prodigy has a good working relationship with the Tanami Gold team and is now looking forward to working closely with the new CTPJV partners as they look to develop the project located right on our doorstep.”
PRX is steady at 6.2¢. Mkt cap $20.89M.
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