Prodigy Gold NL has released its Annual Mineral Resource Statement as of 30 June 2025, detailing updated estimates across its Tregony, Hyperion, Buccaneer, and Old Pirate deposits in the Tanami region of the Northern Territory. The report highlights an increase in overall Mineral Resources compared to the previous year, driven primarily by upgraded estimates at the Tregony and Hyperion deposits following additional drilling during the 2024/2025 financial year. The consolidated resources now total approximately 23.7 million tonnes at an average grade of 1.4 grams per tonne, equivalent to about 1.03 million ounces of gold. The update shows that the Tregony Mineral Resource, confined to a depth of 100 meters and benefiting from a revised lower cut-off grade of 0.5 to 0.6 g/t gold, has grown to 2.0 million tonnes containing 80,000 ounces. The Hyperion resource, limited to a depth of 180 meters with similar cut-off criteria, now includes 9.7 million tonnes grading 1.4 g/t for 435,000 ounces. The Buccaneer deposit has been restated by lowering its cut-off grade from 0.7 g/t to 0.6 g/t—reflecting improved gold price assumptions and optimized pit shell parameters—to report a resource of 9.66 million tonnes at an average grade of 1.4 g/t, totaling 435,000 ounces. In contrast, the Old Pirate deposit remains unchanged at around 11.17 million tonnes at 1.1 g/t, corresponding to 400,000 ounces, though the company noted minor recalibrations in tonnage allocation. The revised estimates are based on updated drilling, improved metallurgical testwork, and adjustments to cut-off grades that take into account stronger gold prices and more favorable economic forecasts. While no detailed open pit mine planning or economic evaluation studies have been completed, Prodigy Gold NL has identified reasonable prospects for eventual economic extraction. Future drilling is planned at Tregony and Hyperion to bolster confidence in the estimates, while the Old Pirate deposit is slated for review in the upcoming financial year to potentially include additional lower-grade material in future estimates. Market sentiment can lean bullish on this news due to the increased resource inventory, favorable cut-off adjustments, and the strategic potential for upgraded open pit extraction at key deposits driven by higher gold prices. On the other hand, caution is warranted as the resources have yet to be converted into Ore Reserves, and the absence of a processing facility coupled with pending detailed economic studies means that the path from resource to production remains subject to further validation and investment.