Prodigy Gold NL has released an updated Mineral Resource estimate for its wholly owned Tregony Gold Deposit at the Tanami North project in the Northern Territory. The new estimate—calculated using a 0.5g/t Au cut‐off for oxide material and 0.6g/t Au for transitional and fresh material—now stands at 2.01 million tonnes at 1.2g/t Au, equivalent to roughly 80,000 ounces of gold. This follows 2024 drilling that included six reverse circulation holes totaling 486 metres, which boosted total tonnes by 29% and increased the overall gold ounces by 25%, despite a modest 3% decline in grade compared to the previous resource estimate. The update complies with the JORC Code 2012 guidelines and also forms part of a broader development strategy for the Tanami North project. In addition to the Tregony resource, Prodigy Gold’s overall Mineral Resource inventory—covering the Tregony and Hyperion Gold Deposits—now totals approximately 11.7 million tonnes at 1.4g/t Au for 515,000 ounces. The recent campaign not only enhanced geological confidence with additional high-quality drilling data but also identified several prospective zones adjacent to the reported resource, laying the groundwork for 2025 follow-up exploration. Technical parameters such as a forecast US gold price of US$2,826 per ounce (approximately AUD$4,395 per ounce using an exchange rate of 0.64) served as inputs in determining the cut-off grades. Mining and processing costs were raised to an estimated $70 per ore tonne compared to previous estimates of $56 per tonne, while historical metallurgical test work indicates recoveries of 95% for oxide material and 90% for transitional and fresh material. These assumptions support future economic extraction and help position the project for potential open pit mining. The news has drawn mixed sentiment among market observers. Proponents point to the significant expansion in both tonnes and contained gold ounces, along with the identification of new exploration targets, as bullish indicators for the deposit’s long-term potential. On the other hand, the slight reduction in grade, coupled with increased cost assumptions, may temper enthusiasm for some, highlighting the need for further drilling and detailed economic studies before moving toward a mining decision. Overall, the updated resource provides incremental value to Prodigy Gold NL’s portfolio and adds momentum to ongoing exploration and development efforts in the Tanami region.