Prodigy Gold NL (AU:PRX) has released an update.
Prodigy Gold NL has successfully completed the sale of its Reynolds Range project tenements to iTech Energy, a subsidiary of iTech Minerals Ltd, in line with its strategy to focus on core assets. The divestment includes a royalty agreement, ensuring Prodigy Gold benefits from any future mining successes. With the project situated in a well-connected area of the Northern Territory, known for gold, copper, and silver prospects, the deal not only reduces Prodigy Gold’s holding costs but also bolsters funds for its Tanami North exploration efforts.
For further insights into AU:PRX stock, check out TipRanks’ Stock Analysis page.