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Prodigy Gold NL (ASX:PRX)

ALERT: Price-sensitive ASX Announcement for PRX
Current share price for PRX : $0.068 -0.013 (-16.05%)+
Announcement
Release
27 May 2026 8:39AM
Price at Release
$0.081
Full Release
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Summary
The Scoping Study conducted by Prodigy Gold NL confirms the development opportunity for the Hyperion Gold Deposit, situated in the Tanami Region of the Northern Territory, Australia. This study, following the March 2026 Mineral Resource update, illustrates that the Hyperion deposit possesses the necessary geological, mining, and metallurgical characteristics to advance to more sophisticated studies. It establishes a clear development path, identifying key growth drivers. The study incorporates a production target of around 4.2 million tonnes at 1.9g/t Au for a total of 260,000 ounces of gold, based on a lower cut-off grade of 0.6g/t Au. The mineral resources are categorized into Indicated and Inferred, with significant potential for expansion as the mineralization remains open in all directions. The Scoping Study outlines plans for a four-year contractor mining operation that includes site preparation and eventual rehabilitation. Further work will be required for prefeasibility level consideration, including geotechnical studies, environmental assessments, and commercial agreements.
Key Points
  • Scoping Study confirms development opportunity for Hyperion Gold Deposit.
  • Hyperion is located in the Tanami Region, Northern Territory, Australia.
  • Study shows geologic and mining feasibility for advanced studies.
  • Production target of 4.2 Mt at 1.9 g/t Au for 260Koz of gold.
  • Mineral resources categorized as Indicated and Inferred.
  • Significant exploration potential as mineralization remains open.
  • Four-year contractor mining operation planned.
  • Further work needed for prefeasibility level, including geotechnical and environmental studies.
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.