sophisticated investor only – ID andsophisticated investor Form...

sophisticated investor only – ID andsophisticated investor Form required for compliance

Hello friends and Investors

Today we are working on conducting a small capital raise to fundexploration work at our key projects.

Bidding will close at 4pm AEDT sharp today ( 25/3/24). If you are a sophisticatedinvestor and would like to buy shares please send an email to info@disallowed or sign up at www.disallowed and open up a biddingaccount. Both these sites will explain therequirements to be satisfied in order for you to be regarded as a sophisticatedinvestor within the meaning of the Corporations Act.

Deal Summary

Prodigy Gold (ASXRX) will raise $750,000 through its current capacityat $0.003 with 2:3 free attaching options (subject to shareholderapproval), exercisable at $0.007 with expiry on 30 November2026.

***Pre-existing demandfrom current shareholder APAC and new sophisticated investors exceeds more thanhalf the proposed raise ***

Capital Structure

• Shares on Issue 1,751m (2,001m post issue)
• Cash as at 31 December 2023 A$2.8m
• Market Cap post raise at $0.003: $6.003m with ~$3m of cash
• Enterprise Value (EV) approx A$3m EV ($/Oz Au) A$5.01/oz

Use of Proceeds

Key project Summary:

Tregony

• 49Koz Total Resource at average grade of 1.3g/t Au
• New high-grade intercepts – supported by PhotonAssay technique
• 6m @ 15.7g/t Au (TGRC23004)
• 6m @ 12.0g/t Au (TGRC23008)
• Resource update underway
• Ground gravity completed
• Great infrastructure close to deposit
• Drilling planned for 2024 in south – higher grade area closer to infrastructure

Hyperion

• 314Koz Total Resource at average grade of 2.2g/t Au
• Ground gravity and local mapping highlighting new targets
• New high-grade drill results
• 40m @ 6.5g/t Au (Seuss)
• 6m @ 8.1g/t Au (Brokenwood)
• Resource update underway
• Drilling planned for 2024

Buccaneer

• 359Koz Total Resource at average grade of 1.2g/t Au
• Studies completed on project (metallurgical and geotechnical)
• New Resource model completed late 2023
• Review if shallow mineralisation potential with the focus on oxide mineralisation
• Great infrastructure close to deposit

Old Pirate

• 115Koz Total Resource at average grade of 4.7g/t Au
• Only Prodigy Gold resource with previous mining
• Review of resource model to be completed in coming year
• Located on current mineral lease

InvestmentHighlights

On Thursday PRXannounced PhotonAssay results for selected samples from Brokenwood, Tregony andHyperion compare favourably with previously reported Fire Assay results.

• Highest-grade RC sample from previously reported 2023 drilling completed at Tregony in hole TGRC23004 highlights a significant increase in gold grade to 129.8g/t Au through the PhotonAssay technique when compared to the original Fire Assay result of 92.0g/t Au.
• The intercept interval using the new PhotonAssay result has increased from:
• 6m @ 15.7g/t Au from 91m; to
• 6m @ 22.0g/t Au from 91m.
• PhotonAssay results generally display very good correlation with high-grade Fire Assay results, highlighting the potential for the new method to be used as an assay check technique for future programs

The full ASXannouncement is attached as well as the company presentation

Bidding will close at 4pm AEDT sharp today(25/03/2024). If you are a sophisticated investor and wouldlike to buy shares please send an email to info@disallowed or sign up to www.disallowed

Kind regards

Mark Edwards Managing Director
JuttaZimmermann CFO / Company Secretary
Prodigy Gold NL