Prodigy Gold NL ( (AU:PRX) ) has issued an update.
Prodigy Gold NL has announced preliminary results from the second phase of metallurgical testwork on the Hyperion deposit, revealing excellent gold recoveries for oxide and transition mineralization through a conventional Carbon In Leach (CIL) plant. These results, which show higher calculated gold grades than composite sample grades, will support the company’s Mineral Lease application and future mine planning. While the oxide and transition zones demonstrated high recoveries, further work is needed to understand the lower recoveries in fresh material. The company plans additional drilling to enhance structural and lithological analysis, potentially supported by government grants.
More about Prodigy Gold NL
Prodigy Gold NL is a company operating in the mining industry, focusing on the exploration and development of gold deposits. The company is primarily engaged in the extraction and processing of gold, with a significant focus on the Hyperion deposit in the Tanami region of the Northern Territory.
Current Market Cap: A$6.35M
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