Hyperion Project


The Hyperion Project is located 50km to the North of the Central Tanami Plant (Northern Star). Prodigy Gold’s tenements contain 60km strike length of prospective terrain adjacent to the Hyperion Fault. This corridor contains the Groundrush deposit (1.6Moz – NST), Prodigy Gold’s Hyperion (310koz), Tregony (PRX), and Crusade (NST) deposits. The project comprises around 920 square kilometres of 100% granted tenements and a further 230 square kilometres of titles under application.

The goal of proposed exploration in the Hyperion area is to demonstrate that there are multiple structures within a mineralised system that can individually, or collectively, support a standalone mining operation. Located along trend of the previously mined Groundrush deposit (NST) and to the south of the Crusade deposit (NST) which had a historic inferred resource of 1.4Mt @ 2.6g/t for just under 119,000 ounces of gold.

Prodigy Gold has defined indicated and inferred Resources at Hyperion. Resource areas include Hyperion-Tethys, Seuss and Hyperion South. The Hyperion-Tethys and Seuss Prospects are situated within the emerging camp-scale Hyperion Project on exploration license EL9250. The area has historically received sporadic exploration with many prospective targets yet to be tested with bedrock drilling. Shallow historic drilling often ended in the depleted oxide zone and failed to effectively test the area.

There is also a historic mineral resource identified at the Tregony prospect to the north of the Hyperion Mineral Resource of around 0.6Mt @ 3.0g/t for 63Koz1. Recent drilling has been completed around this prospect and further work is required before a new Mineral Resource could be reported.

1 ASX 06/10/2021

Exploration Activities

In 2021 Prodigy Gold was active exploring the Hyperion Project area. For the year one diamond hole was completed for Tregony with peak results of 5.15m @ 2.5g/t Au1 achieved. One diamond hole was also drilled at the PHD prospect to the North-West of Tregony for peak results of Xm @ Xg/t Au2.

Also completed during the year was a 94 hole RAB program at the PHD prospect for 4,091m of drilling.

Follow up drilling and a detailed review of previous exploration is planned for the next period. A detailed review of the geology and mineralisation in 2021 has identified a stacked vein system which will be used to conduct a review of the potential for future Mineral Resource estimations to be completed.

2 ASX 17/12/2021

Geology and Mineralisation

Geology at Hyperion consists of a NS trending and steeply dipping mafic stratigraphic package with interbedded sedimentary rocks (siltstones and shale). Mineralisation is controlled by WNW striking faults at a high angle to the primary stratigraphic layering and the Hyperion Shear.

Granite dykes have intruded up the WNW structures with both the basalt and granite sequences hosting mineralised quartz veins. Mineralisation is disseminated in nature with some coarse gold observed.