AGM PresentationOctober 2018
Important information and competent person
IMPORTANT INFORMATION
This presentation has been prepared by Prodigy Gold NL (“Prodigy Gold” or the “Company”). This
presentation is for information purposes only and should not be considered as an offer or invitation to
subscribe for or purchase any securities in the Company or as an inducement to make an offer or
invitation with respect to those securities. No agreement to subscribe for securities in the Company
will be entered into on the basis of this presentation.
This presentation contains forecasts and forward looking statements and information which are based
on internal business data and information obtained from external sources. Forward looking
statements may be identified by the use of words such as “anticipate”, “expect”, “estimate”,
“planned”, “forecast”, “likely”, “intend” and other similar expressions. Such forecasts and information
are not a guarantee of future performance and involve unknown risks, uncertainties and contingencies
which may impact future outcomes on the Company. Actual results and developments will therefore
almost certainly differ materially from those expressed or implied. Prodigy Gold has not audited or
investigated the accuracy or completeness of the information, statements and opinions contained in
this presentation. Accordingly, to the maximum extent permitted by law, Prodigy Gold makes no
representation and gives no assurance, guarantee or warranty, express or implied, as to, and takes no
responsibility and assumes no liability for, the authenticity, validity, accuracy, suitability or
completeness of, or any errors in or omission from, any information, statement or opinion contained
in this presentation.
The information in this presentation is given in summary form and does not purport to be all inclusive
or contain all information which you may require in order to make an informed assessment of the
Company’s prospects. Nothing contained in this presentation constitutes investment advice, financial
product advice or legal, tax, accounting or other advice, nor does it take into account the financial
situation, objectives or needs of any person. Prodigy Gold is not licensed to provide financial product
advice.
You should not act or refrain from acting in reliance on this presentation material. You should conduct
your own investigation, perform your own analysis and obtain independent professional advice, in
order to satisfy yourself as to the accuracy and completeness of the information, statements and
opinions contained in this presentation and in making any investment decision in respect of Prodigy
Gold.
COMPETENT PERSONS STATEMENT
The information in this presentation relating to exploration targets and exploration results is based on
information reviewed and checked by Mr Matt Briggs who is a Member of The Australasian Institute of
Mining and Metallurgy. Mr Briggs is a full time employee of Prodigy Gold NL and has sufficient
experience which is relevant to the style of mineralisation and type of deposit under consideration and
to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition
of the “Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves”. Mr
Briggs consents to the inclusion in the documents of the matters based on this information in the form
and context in which it appears.
The Company confirms that it is not aware of any new information or data that materially affects the
information included in the original market announcement and, in the case of estimates of Mineral
Resources that all material assumptions and technical parameters underpinning the estimates in the
relevant market announcement continue to apply and have not materially changed. The Company
confirms that the form and context in which the Competent Person’s findings are presented have not
been materially modified from the original market announcement.
Refer to previous Company ASX announcements for full resource estimation details, drill hole details,
and intercept calculations.
2
Why Prodigy Gold?
Unique greenfields and brownfields exploration portfolio
• Experienced team are actively hunting for a major discovery in the highly prospective Tanami Province
• Massive strategic land holding in proven multi-million ounce district (Callie Mine - Newmont)
Aggressive exploration program on 100% owned projects
• Aggressive work program planned to screen all priority projects for large deposits
• 35,000m drilled in 2018 + JV partners activity
• 15.7Mt @ 2.0g/t for 1.01Moz Resource
JV partners accelerating non-core Cu-Au and Base Metal Projects
• IGO to spend $6M to earn 70% of Lake Mackay – IGO 9% holder of Prodigy Gold shares
• Gladiator Resources to spend $6.5M to earn 70% of North Arunta
• Newcrest to spend $12M to earn up to 75% of Euro
Strong balance sheet and supportive shareholders
• ~$6.1 million cash at 30 June 2018 (excluding A$2.4m cash reserved for environmental bonds)
• Register strengthened by supportive shareholders
Prodigy Gold has what an explorer needs and a producer wants
JVs
1Moz
Funded
Queensland
New South Wales
Victoria
Tasmania
Western Australia
South Australia
NorthernTerritory
Tanami
3
Corporate OverviewBoard of Directors
Tommy McKeith Non-Executive Chairman
Matt Briggs Managing Director
Brett Smith Non-Executive Director
Mark Faul Non-Executive Director
Capital structure ASX:PRX
Shares on Issue 435.6m
Unlisted options 24m
Net Cash1 A$6.1m
Market Cap2 A$37.5m
1 Available cash excludes A$2.4m cash reserved for required cash backing of environmental bonds as at 30 June 2018 (ASX: 31 July 2018)
2 Based on closing share price of $0.086 as at 12 October 20183 Substantial shareholders as at 30 September 2018
Shareholding structure3
15.6%
13.6%
10.0%
9.0%
6.0
%
45.8%
Pacific Road Capital
APAC Resources Capital
St Barbara
IGO
Craton Capital
Other
4
Historical share price
Experienced Management
Non-Executive Chairman - Mr Tommy McKeith BSc Hons (Geol), GDE (Mining), MBA, Fellow AusIMM
• Resource company executive with 28 years’ experience in various exploration, business development, mine geology and executive leadership roles
• Led exploration teams to several significant discoveries and concluded several significant business development transactions
• Formerly Executive Vice President: Growth and International Projects for Gold Fields Ltd, CEO of Troy Resources Ltd and held non-executive directorroles at Sino Gold Ltd and Avoca Resources
• Non-executive director of Evolution Mining Ltd
Managing Director - Mr Matt Briggs BSc (Geology), Member AusIMM
• 20 years’ experience in Australia and internationally in various aspects of mine geology, exploration, project management and strategic leadership inthe gold industry
• Previously headed Group Strategic Planning for Gold Fields Limited
• Directly involved or managed teams that have discovered several multi-million ounce gold deposits
Exploration Manager - Mr Neil Jones MSc (Geology)
• Geologist with 18 years’ experience including greenfields and brownfields exploration
• Previous roles as a geologist for Gold Fields, PMI Gold and Troy Resources exploring primarily for gold
• Extensive experience in Paleoproterozoic and Archean terrains around the globe
Successful explorers that understand what it takes to build a mine
5
A Portfolio of Opportunities
Tanami Ground Package
• Same corridors as Callie 14Moz (Newmont) & Groundrush 1.7Moz (NST)
• Extensive tenement package
• Capstan 8km bedrock gold anomaly
• Resources at Twin Bonanza and Suplejack
Euro – Newcrest
• $12M in-ground earn-in to 75%
Lake Mackay JV – IGO
• Cu-Au and Orogenic Au potential
• 2 of 5 targets tested hit mineralisation
• $6M in-ground earn-in to 70%
North Arunta – GLA
• Cu-Au mineralisation
• $6.5M in-ground earn-in to 70%
Exposure to discovery and resource growth in gold and base metals
100% Projects
Joint VenturesCopper, Gold& Base Metal
6
Suplejack
Bluebush
Delivering on Strategy
Testing of high priority targetson 100% owned projects
• Rapidly screen for Callie analogue deposits
• Aircore drilling and geochemistry on the highest ranked targets
• Testing of multiple targets at Suplejack and Bluebush including the 8km long gold anomaly at Capstan
Focus resources and accelerate the fullportfolio via Joint Ventures
• North Arunta JV $6.5M earn-in
• Euro farm-in agreement with Newcrest Mining for $12M earn-in
• Lake Mackay JV activities continuing to screen for major deposits with IGO
Well funded for discovery and growth
• $6M raised at a premium to market
• Investment by St Barbara to take a 10% shareholding
• Substantial reduction in holding costs
7
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
ABM 2015 ABM 2018
Are
a (S
qu
are
Kilo
me
tre
s)Advancing the Full Portfolio
Prodigy Gold –other
Newcrest
Focusing technical resources >$30M in-ground expenditure Accelerating discovery
Prodigy Gold –Tanami Prodigy Gold
Independence Group
Gladiator
>$24M ExplorationEarn-ins
Prodigy Gold100% Projects
“The Tanami is becoming the exploration destination of choice for major Australian gold producers”
North Arunta
Euro
Euro
Lake Mackay
Prodigy GoldABM 2015
8
Accelerating Towards Discovery
9
Suplejack309koz (+51%)
CGSG Target& Ranking
2016 2017 2018
Joint VenturesCopper, Gold& Base Metal
Capstan DD& RC
North AruntaGLA JV
NewcrestEuro JV
Grapple DD800m plunge
Blaze / HeatwaveWidespread soil anom.
Soils & Ground EM
IGO Joint VentureAgreement
St Barbara10% Equity
Capstan AC8km Au area
Suplejack High grade RC
Capstan AC4.0g/t Gold
Ark MinesHoA Old Pirate
Capstan AC4.5km Au trends
Lake MackayAirborne EM
100% Projects
Oct 2016New Management
~$2M p.a.greenfields
FY2019>$10M greenfields
Kroda IP
Suplejack AC1.3g/t Au
Dune IP
10
2018 Activities - 100% Owned Projects
100% Owned Priority Projects13 of 15 Tanami deposits are exposed at surface
11
Suplejack
Bluebush
Strategy
• Focus on the same rocks in the same structural
setting as the target deposits
• Systematic exploration
• 1km x 1km bedrock drilling + geochem +
geophysics
• Framework AC to see through cover
Future Work
• 145km aircore drilling to screen Tanami targets
starting at Bluebush
• Aircore & RC drilling to consolidate resources at Suplejack
Callie 14Moz The Granites
Oberon
Groundrush
Old Pirate Jim’s
CTJV
Windy Hill
Surface Geology Map RTP Magnetics
95% of the Tanami has shallow sand cover concealing deposits
Suplejack
Bluebush
PRX
12
Euro JV• Spoils and Mapping• Airborne Magnetics• IP Surveys Underway• RC Drilling Planned
Suplejack• Resource Update• RC Drilling • AC Drilling Planned• CSIRO Study Phase 1Birrindudu
• Project Reviews• Field Reconnaissance• Ni, Co, Au and Cu
Tobruk• Project Reviews• Field Reconnaissance
Bluebush• 3 AC Campaigns• Stratigraphic DD • RC Drilling (mid-October)
• Airborne Magnetics• Spoil and Mapping• CSIRO Study Phase 2 Callie
14 Moz
2018 Tanami Exploration Activities
Diamond Drilling at Capstan
Reconnaissance at Euro
1280 1290 1300 1310
-190
-200
-210
NTGS TanamiAeromagnetic Survey Outline
13
0
2000
4000
6000
8000
10000
12000
14000
Ap
r-1
0
Jun
-10
Au
g-1
0
Oct
-10
De
c-1
0
Feb
-11
Ap
r-1
1
Jun
-11
Au
g-1
1
Oct
-11
De
c-1
1
Feb
-12
Ap
r-1
2
Jun
-12
Au
g-1
2
Oct
-12
De
c-1
2
Feb
-13
Ap
r-1
3
Jun
-13
Au
g-1
3
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-13
De
c-1
3
Feb
-14
Ap
r-1
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Jun
-14
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g-1
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-14
De
c-1
4
Feb
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Ap
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Jun
-15
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g-1
5
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c-1
5
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Ap
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6
Jun
-16
Au
g-1
6
Oct
-16
De
c-1
6
Feb
-17
Ap
r-1
7
Jun
-17
Au
g-1
7
Oct
-17
De
c-1
7
Feb
-18
Ap
r-1
8
Jun
-18
Au
g-1
8
Oct
-18
Early stage exploration metres drilled
Metres
2010 to 2016 47,551 metres
in 6 years
>2017 66,494 metres
in 2 years
Aggressive Exploration Program
• ~35,000m AC and RAB completed 2018
• 950m co-funded diamond drilling
• ~3,500m RC drilling planned
• 644 spoils (geochemical samples)
Staged work program underway to screen all priority projects for large deposits
BLDD001
BLDD002
Strategy Yielding Results
14
Capstan
Galaxy
ASX 5 June 2018, 12 June 2018, 2 August 2018 & 15 October 2018
including [email protected]/t
Capstan Prospect• Similar rock sequence and structural setting as 14Moz Callie Deposit
• 8km of gold anomalism
• Larger anomaly footprint than was seen at the same stage of drilling at Callie
[email protected]/t (EOH)
including [email protected]/t
[email protected]/t (EOH)Capstan
North Capstan
East
Top Hat
Hat
Capstan
Anticline
Final Assays
Pending
Capstan NTGS Co-funded DD DrillingFirst diamond holes into the Capstan area - unlocking the geology
A A’ Capstan Diamond Drilling
• Two NTGS co-funded stratigraphic diamond
holes completed for 951.4m
• BLDD002 intersected 43m of pyrite altered
porphyry and sediment – assays pending
BLDD002 (122m) BLDD002 (399.5m)
BLDD002 Schematic Section
15
ASX 2 Aug 2018 ASX 15 Oct 2018
BLDD001
Capstan RC
16
Capstan RC
• 3,500m RC commencing mid-October
• Drilling will provide first bedrock test of coherent goldtrends
• Four priority targets areas to be RC drilled
including [email protected]/t
[email protected]/t (EOH)
including [email protected]/t
[email protected]/t (EOH)
Capstan
North
Capstan
East
Top Hat
RC Priority Area
BLDD002
Prodigy RC Drilling (Suplejack 2017)
ASX 5 June 2018, 12 June 2018, 2 August 2018 & 15 October 2018
Capstan
Anticline
17
Airborne Geophysics
• Massive NTGS survey of the Tanami Region
• 275,000 line km (200m spacing) airborne magnetic
survey at no cost to PRX
• PRX co-funded to infill two areas to 100m spacing
• Capstan
• Euro JV
NTGS Airborne Geophysics SurveyResourcing the Territory initiative supporting early stage exploration
NTGS airborne magnetic survey over Capstan
Capstan 100m line spaced infill
Euro 100m line spaced infill
NTGS 200m line spaced survey outline
Tanami Region Magnetics
Mapping Stratigraphy with LithogeochemistryLitho-geochemistry characterises and maps favourable rocks units
18
PRX – CSIRO Collaborative Project
• Supports geophysical interpretation and deposit targeting
• Systematically building the Tanami wide litho-geochemical database
• 1,263 historic RAB/AC spoils collected
• Innovative use of historic drilling samples
BluebushCapstanApertawongaGalaxyCSIRO Study Pt 2
SuplejackCSIRO Study Pt 1
Collecting drill spoils from historic holes
Suplejack Project
19
Emerging camp scale opportunity
• 4.9 Mt at 1.95g/t for 310koz of gold1
• Strategic Resource• 19km from 1.6Moz Groundrush (Northern Star)
• 58km from Central Tanami JV Plant (Northern Star)
• 37% of gold is in oxide and transitional• High grade controlled by intersection of structure with
mafic sediments• Growth potential on extensions and additional targets
1ASX 31 July 2018
Post 2017 AGM results
Sustainability
20
Environmental Management
• Minimised line clearing for reconnaissance drilling and reduced environmental footprint
• Ongoing rehabilitation of drill pads
• On-country meetings with Traditional Owners
2018 drill pad at Capstan
2018 aircore drilling at Capstan
Rehabilitated drill pad
2016 RC drill pad at Hyperion Regrowth over drill pad post wet season
21
Joint Ventures
IGO JV - Lake Mackay
• ~13,000km2 belt scale project
• Additional large gold and base metal anomalies detected
• Soil sampling continuing along the >1,000km2 corridor
• EM survey to be followed by infill soils, moving loop EM and RC/DD drilling
Province scale Cu-Au and base metal opportunity
22
12,000 line km airborne EM survey underway
Airborne EM Survey Status
North Arunta / Euro JV
23
North Arunta – Gladiator $6.5M earn-in to 70%
• Cu-Au potential along the Willowra Structure
• Multiple multi-kilometre-scale geochemical-geophysical-structural targets
• Recent IP geophysics defined large anomalies below previous drilling
• RC drilling planned for 2018
Euro – Newcrest $12M earn-in 75%
• Oberon and Callie style targets
• Historic aircore results of up to 0.25g/t Au not followed up parallel to Oberon 0.42Moz
• IP surveys underway
• RC drilling planned to test IP targets identified
Callie 14Moz The Granites
Oberon
Dune IP
Vivitar IP
24
Investment proposition
JVs
Unique Greenfields and Brownfields Portfolio
FundedSupportive, high quality shareholders
1Moz
Aggressive exploration program underway
Exposure to multiple committed JV partners
25
Prodigy Gold NL
ASX:PRX
Contact us
+61 8 9423 9777
Level 1, 141 Broadway, Nedlands WA 6009, Australia
Prodigy Gold Resource Summary
27
Project DateIndicated Inferred Total
Cut-Off Grade (g/t)
Tonnes(Mt)
Grade(g/t Au)
Metal(Koz)
Tonnes(Mt)
Grade(g/t Au)
Metal(Koz)
Tonnes(Mt)
Grade(g/t Au)
Metal(Koz)
Old Pirate 1 Aug-16 1.0 0.04 4.6 7 0.72 4.7 109 0.76 4.7 115
Buccaneer2 Aug-17 1.0 1.2 1.7 65 8.8 1.8 520 10.0 1.8 585
Suplejack3 Jul-18 0.8 0.92 2.4 69 4.0 1.9 240 4.9 2.0 310
Total various 2.2 2.0 141 13.5 2.0 869 15.7 2.0 1,010
Total Resource: 15.7Mt at 2.0g/t for 1.01 Moz of gold1ASX 19 Aug 2016 2 ASX 1 Sept 2017 3ASX 31 July 2018