Metallurgical test work, page-12

Just looking at Prodigy Golds proposed sale of its Old Pirate Project and Tanami Exploration Tenements. Big difference between this and our Tolukuma deal. I especially like the royalties.

Consideration payable by Stockton:
• Non-refundable deposit of $50,000 within 5 business days of execution of the Agreement
• Non-refundable payment of $50,000 within 5 business days of the Company obtaining shareholder approval of the asset sale pursuant to Rule 11.4 of the ASX Listing Rules
• Payment of $750,000 into an escrow account on the later to occur of 90 days after the execution of the Agreement and 5 business days after the Company obtaining shareholder approval of the asset sale pursuant to Rule 11.4 of the ASX Listing Rules
• Payment of $863,000 from IPO proceeds or consideration shares to the extent that such payment is not approved by ASX
• 12,500,000 consideration shares at IPO with a deemed issue price of $0.20
• A net smelter royalty of 2.5% payable on any minerals recovered from the Old Pirate Project (ML29822)
• Subject to the delineation of a JORC compliant Mineral Resource of 500,000 ounces of gold on tenement applications EL30944 and EL30814 either $3,000,000 in cash or shares. The issue of the shares is subject to regulatory approvals and Prodigy Gold’s equity remaining below 19.9%.
There is no time limitation in respect of such delineation

I wouldnt mind this deal.

GD