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Prodigy Gold NL (ASX:PRX)

ALERT: Price-sensitive ASX Announcement for PRX
Current share price for PRX : $0.068 0.006 (9.68%)+
Announcement
Release
16 Mar 2026 8:14AM
Price at Release
$0.062
Full Release
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Summary
The updated Mineral Resource estimate for the Hyperion Gold deposit, managed by Prodigy Gold NL, incorporates drilling results from 2025 and reports a total resource of 9.8 million tonnes at 1.4 g/t gold, amounting to 454,000 ounces. This represents a significant increase in the Indicated category with a 71% increase in tonnes and a 70% increase in gold ounces, attributed to the lowering of the cut-off grade in response to higher gold prices and improved metallurgical recoveries. The Hyperion deposit, situated on Exploration Licence EL9250 in the Northern Territory, is governed by an agreement with Traditional Owners and subject to heritage clearances. The estimate employs a cut-off grade based on a gold price of $3,273/oz and an exchange rate of $0.69. This mineralisation is primarily hosted in mafic rock with structural controls within a shear zone.
Key Points
  • Updated Mineral Resource estimate for the Hyperion Gold deposit incorporating results from 2025.
  • Hyperion Mineral Resource reported at 0.5g/t Au lower cut-off, totaling 9.8Mt @ 1.4g/t Au for 454koz.
  • Significant increase in Indicated category with 71% increase in tonnes and 70% increase in ounces.
  • Changes include lowering cut-off grade due to higher gold prices and better metallurgical recoveries.
  • Hyperion deposit is located on Exploration Licence EL9250, registered to Australian Tenement Holdings Pty Ltd.
  • EL9250 is subject to a confidential exploration agreement with Traditional Owners via the Central Land Council.
  • Resource estimate uses a cut-off grade calculated with a forecast exchange rate of $0.69 and gold price of $3,273/oz.
  • Resource classified as Indicated and Inferred, with classification involving significant drilling efforts.
  • Hyperion mineralisation hosted primarily in mafic host rock, interspersed with granite and siltstones.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.