Prodigy Gold (ASX: $PRX) announces preliminary metallurgical testwork results for Hyperion deposit

Prodigy Gold NL (ASX: $PRX) has announced the preliminary metallurgical testwork results for the 100% owned Hyperion deposit in the Tanami region of the Northern Territory. The testwork, conducted by Independent Metallurgical Operations Pty Ltd, demonstrated the potential for excellent gold recoveries through a conventional Carbon In Leach (CIL) plant, with all cyanide leach tests achieving gold recoveries exceeding 95%.

Prodigy Gold Managing Director, Mark Edwards, on the testwork results

The results reported by IMO have highlighted the potential for future development of the Hyperion deposit, with recoveries for all material types, at three different grind scenarios, returning gold recovery levels over 95%. In addition to these high CIL recoveries, gravity gold recoveries ranged between 22% and 41%. The testwork also highlighted the moderate consumption of cyanide to achieve these recovery levels without the use of lime. Prodigy Gold will continue working with IMO, with further leach test work and detailed reporting still to be completed. Results will be reported as they become available. The high recoveries justify Prodigy Gold's focus on the Hyperion deposit and the preliminary results suggest Hyperion remains one of the key pillars for the Company. Additional drilling is planned on the project, with more material assessments required from other areas of the deposit to improve sample representativity.

Summary of preliminary metallurgical testwork results and outlook

The preliminary metallurgical testwork results for Prodigy Gold's Hyperion deposit have shown the potential for excellent gold recoveries through a conventional Carbon In Leach (CIL) plant, with all cyanide leach tests achieving gold recoveries exceeding 95%. Gravity recovery was also high in all composites, ranging from 22.0% to 41.2%. The testwork highlighted the moderate consumption of cyanide and the fast kinetics of oxide and transitional materials, with fresh kinetics reaching completion after 30-48 hours. The Company plans to continue working with IMO for further leach test work and detailed reporting. Prodigy Gold's focus on the Hyperion deposit is justified by the high recoveries, and additional drilling is planned to improve sample representativity from other areas of the deposit.