Prodigy Gold lifts Hyperion resource confidence and eyes open pit study

Prodigy Gold NL ( (AU:PRX) ) just unveiled an announcement.

Prodigy Gold has reported an updated mineral resource estimate for its Hyperion Gold deposit in the Northern Territory, lifting total resources to 9.8 million tonnes at 1.4 grams per tonne for 454,000 ounces of gold. The revision, which incorporates 2025 drilling and applies a uniform 0.5 g/t cut-off across all material types, delivers a substantial upgrade in confidence with Indicated resources rising to 4.1 million tonnes at 1.6 g/t for 212,000 ounces.

The update reflects improved economics driven by higher gold prices and better metallurgical recoveries, alongside new drilling data that has tightened the geological model and classification. Prodigy plans to focus 2026 exploration on the Tanami North project, including Hyperion and the nearby Tregony deposit, while progressing a scoping-level assessment of Hyperion’s open pit potential and advancing a mining lease application, moves that could materially influence the project’s development path and its alignment with neighbouring Central Tanami infrastructure.

The most recent analyst rating on (AU:PRX) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Prodigy Gold NL stock, see the AU:PRX Stock Forecast page.

More about Prodigy Gold NL

Prodigy Gold NL is an Australian gold exploration and development company focused on the Tanami region of the Northern Territory. Its primary assets include the 100%-owned Hyperion Gold deposit within the Tanami North project, where the company is targeting open pit development opportunities and leveraging improving metallurgical recoveries and stronger gold prices.

Average Trading Volume: 296,438

Technical Sentiment Signal: Sell

Current Market Cap: A$20.9M

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