Prodigy Gold NL provided exploration update on Phreaker prospect and Arcee prospect. The current campaign includes diamond drilling of an EM conductor associated with base metal polymetallic mineralisation at the Phreaker prospect, RC drilling of a gold-in-soil anomaly along strike from the Arcee prospect in Western Australia and RC drilling of further gold-in-soil anomalism north of the Arcee prospect within the Northern Territory. Both RC programs are supported by co-funding from the Western Australian and Northern Territory governments under their respective exploration and drilling initiatives.

The Phreaker prospect is located within the Lake Mackay Joint Venture on EL30731, 42km east of Kintore and 400km west of Alice Springs. The prospect was discovered using ground electromagnetic surveys that followed-up an original airborne EM anomaly. RC drilling completed at the Phreaker prospect by IGO in August 2019 confirmed that the mineralised system extends for over 750m of strike.

The 2019 drilling intersected copper sulphide mineralisation with intersections including1: 19LMRC028 14m @ 0.84% Cu, 0.15g/t Au and 4.1g/t Ag from 353m; 19LMRC031: 10m @ 0.98% Cu, 0.06g/t Au and 13.9g/t Ag from 146m; 19LMRC032: 11m @ 1.15% Cu, 0.07g/t Au and 7.9g/t Ag from 189m including 2m @ 2.45% Cu from 189m Copper and gold mineralisation at Phreaker occurs in a broad (>10m) pyrrhotite-chalcopyrite zone surrounded by garnet alteration. Results of down-hole EM (DHEM) suggested that the target had not been adequately tested and the previous RC holes likely drilled up dip of the mineralisation previously reported in hole 21PHDD002 Three diamond drill holes were completed and confirm high-grade mineralisation down dip of the existing RC drilling and have tested the centre of the two modelled larger EM plates. Results from the second diamond drillhole included3: 21PHDD002: 4.5m @ 3.03% Cu, 1.78g/t Au and 14g/t Ag from 562m; and 21PHDD002: 17.47m @ 2.13% Cu, 0.21g/t Au and 9g/t Ag from 575.23m A follow-up diamond drillhole has now commenced testing the EM plate along strike and down-dip from hole 21PHDD002 and is expected to take approximately 4 weeks to complete.

Drill core will be logged and sampled at the completion of drilling. Prodigy has commenced RC drilling targeting gold-in-soil anomalies within the Western Australian extension of the Arcee prospect and an area north of the Arcee prospect within the Northern Territory Approximately 1,500m of drilling is planned for the Western Australian extension of the Arcee prospect that was previously drilled by IGO in 2019 and returned a best intercept of 12m @ 3.47g/t Au4 from drill hole 19LMRC072. Surface geochemical sampling extended the gold-in-soil anomaly into Western Australia and the current drilling program, which is supported by co-funding under the WA Exploration Incentive Scheme (EIS), is targeting this gold anomalous area.

A further 1,500m of drilling is planned to target three surface gold anomalies located approximately 10km north of the Arcee prospect. This drilling is co-funded under the Northern Territory Resourcing the Territory Initiative. The RC drilling programs are expected to take 3-4 weeks to complete and samples will be submitted for analysis at the completion of the program.