Prodigy Gold NL (ASX: PRX) has released its December 2025 quarterly report, showcasing significant high-grade gold intercepts from drilling programs at the Tanami North Project. The Company completed a 21-hole Reverse Circulation drilling campaign at Hyperion and an eight-hole program at Tregony during the period.
Figure 1: Location of Prodigy Gold’s Mineral Resources across the Tanami North Project area [Prodigy Gold]
The Prodigy Gold quarterly report Q4 2025 highlighted standout results, including 24m at 5.5g/t gold from 75m at the Seuss Lode and 7m at 14.1g/t gold from 58m at Tregony. The Company also commenced baseline environmental studies to support future mining approvals for the Hyperion Project.
Prodigy Gold Quarterly Report Q4 2025 Features Hyperion Drilling Success
The Prodigy Gold quarterly report Q4 2025 confirmed exceptional drilling results from the Hyperion Project. Final assays were returned for the 21-hole RC drilling campaign, totalling 2,495 metres.
Seuss Lode intercepts included:
- 24m at 5.5g/t gold from 75m in hole SURC25008
- 18m at 4.2g/t gold from 79m in hole SURC25006
- 23m at 2.2g/t gold from 37m in hole SURC25005
- 30m at 2.7g/t gold from 61m in hole SURC25009
- 9m at 3.2g/t gold from 63m in hole SURC25008
Figure 2: Seuss mineralised section at 7836350mN, looking north, showing recent and historical drilling intercepts [Prodigy Gold]
Hyperion Lode results:
- 12m at 4.6g/t gold from 131m in hole HYRC25004
- 10m at 3.1g/t gold from 123m in hole HYRC25007
Figure 3: Hyperion mineralised section at 613220mE, looking west, highlighting gold intercepts and resource continuity [Prodigy Gold]
Tethys Lode intercepts:
- 5m at 2.3g/t gold from 124m in hole HYRC25005
- 4m at 2.1g/t gold from 27m in hole HYRCD25002
Figure 4: Tethys mineralised section at 613550mE, looking west, illustrating mineralised zones and drill intersections [Prodigy Gold]
Tregony Results Strengthen Gold Exploration Quarterly Report Performance
The gold exploration quarterly report highlighted encouraging results from the eight-hole, 762 metre RC drilling program at the Tregony Deposit. These holes focused on extending mineral resources around the Tregony North area.
Figure 5: Plan view of 2025 RC drilling at the Tregony Deposit, showing drill hole locations and mineralised trends at Tregony North [Prodigy Gold]
Key intercepts received:
- 7m at 14.1g/t gold from 58m in hole TGRC26007, including 3m at 29.4g/t gold from 59m
- 3m at 10.2g/t gold from 39m in hole TGRC25002
- 5m at 2.4g/t gold from 54m in hole TGRC25008
Prodigy Gold completed drilling of a diamond core hole for metallurgical testwork. This work will assess the suitability of Tregony mineralisation for heap leach processing.
Mining Approvals Process Detailed in Prodigy Gold December 2025 Quarter
The Prodigy Gold December 2025 quarter report outlined progress on the Hyperion mineral lease application. Environmental field work commenced around MLA34047 to assist with future mining approvals.
Figure 6: Prodigy Gold employees at an active drilling site during exploration activities [Prodigy Gold]
Baseline studies underway include:
- Monitoring cameras placed for fauna assessment
- Weather station installed for wet season data
- Three dust monitoring sites established
- Flora baseline inspections completed
The mineral lease application was submitted in December 2024. Comments from government agencies were completed in March 2025. Landholders were notified, and advertising was completed in April 2025 with no responses reported.
CSIRO Collaboration Featured in Gold Exploration Quarterly Report
The gold exploration quarterly report announced the commencement of an integrated 3D structural, mineralogical and geochemical study of the Hyperion gold deposit. This work is being conducted in collaboration with CSIRO.
Figure 7: CSIRO field equipment used for environmental monitoring and baseline data collection [CSIRO]
The study aims to define vein orientations, gold distribution and alteration patterns. Outcomes will refine the Hyperion orebody geometry and provide a platform for future studies focusing on predictive exploration targeting.
Mineral Resource Update Included in Prodigy Gold Quarterly Report Q4 2025
The Prodigy Gold quarterly report Q4 2025 confirmed 100 per cent owned Mineral Resource estimates totalling 23.7 million tonnes at 1.4g/t gold for 1,029koz.
Mineral Resources by Project:
- Hyperion: 9.7Mt at 1.4g/t gold for 435koz
- Buccaneer: 11.2Mt at 1.1g/t gold for 400koz
- Old Pirate: 0.8Mt at 4.7g/t gold for 115koz
- Tregony: 2.0Mt at 1.2g/t gold for 80koz
No Ore Reserves are currently reported for any of Prodigy Gold’s projects.
Cash Position Detailed in Prodigy Gold Quarterly Report Q4 2025
The Prodigy Gold quarterly report Q4 2025 confirmed cash holdings of $5.2 million as at 31 December 2025. The Company has no debt and maintains a strong financial position to fund ongoing exploration activities.
Net cash used in operating activities totalled $1.406 million for the December quarter. This included $1.214 million on exploration and evaluation activities and $156,000 on staff costs.
The Prodigy Gold December 2025 quarter report demonstrates that payments to related parties of the Company totalled $137,000 during the quarter. This consisted of director fees and salaries, including superannuation on a cash basis.
The estimated quarters of funding available based on current expenditure rates stand at 3.73 quarters. The Company maintains guarantee facilities with ANZ and CBA totalling $2.346 million, which are fully cash-backed.
Joint Venture Progress and Exploration Outcomes
Prodigy Gold provided updates on exploration activities across its Joint Venture projects during the December 2025 quarter. Results were received from two reverse circulation drill holes completed on the Tobruk Joint Venture tenure at the Officer Hill North prospect. These drill holes did not return any significant gold results.
At the Monza Project, results from Newmont’s proprietary Deep Sensing Geochemistry program were received during the quarter. Data processing is currently underway, with outcomes expected to be reported later in the year.
Figure 8: Newmont and Prodigy Gold Joint Venture project locations for the Tobruk and Monza agreements [Prodigy Gold]
Under the Joint Venture arrangements, Newmont Exploration Pty Ltd may earn up to 75 per cent of the Tobruk Project and up to 85 per cent of the Monza Project by sole funding exploration activities and meeting agreed milestones.
No exploration activities were undertaken at the Lake Mackay Project during the quarter. Prodigy Gold continues discussions with its Joint Venture partner IGO to assess potential options, including a new joint venture or asset sale. The Company currently has no exploration programs planned at Lake Mackay in 2026.
Figure 9: Lake Mackay Joint Venture tenements showing Prodigy Gold and IGO project areas [Prodigy Gold]
Prodigy Gold Share Price Performance
According to recent trading data, Prodigy Gold shares closed at $0.065 on 23 January 2026. The stock trades within a 52-week range of $0.020 to $0.080 per share. Market capitalisation stands at $22.24 million.
Figure 10: Prodigy Gold (ASX: PRX) one-year share price performance [ASX]
Managing Director Mark Edwards stated the December quarter has been an exciting period for Prodigy Gold. The drilling at Hyperion, especially around the Seuss lodes, has shown how exciting the Project is becoming.
Final Thoughts
According to Prodigy Gold December 2025 quarter results the Company delivered strong exploration results during the December 2025 quarter with multiple high-grade intercepts at both Hyperion and Tregony. The drilling programs have successfully extended known mineralisation and added confidence to resource estimates.
Commencement of baseline environmental studies represents an important step toward future mining approvals at Hyperion. The CSIRO collaboration will provide valuable insights into structural controls on mineralisation to guide future exploration.
With $5.2 million in cash, no debt and a clear strategic focus on mine development, Prodigy Gold appears well-positioned for the 2026 field season. Results from pending diamond drilling and continued metallurgical testwork will provide further guidance on development potential.
FAQs
Q1. What were the standout drilling results from Prodigy Gold’s December quarter?
 Ans. Prodigy Gold reported 24m at 5.5g/t gold from 75m at the Seuss Lode and 7m at 14.1g/t gold from 58m at Tregony, including 3m at 29.4g/t gold. Multiple high-grade zones were confirmed across the Hyperion Project.
Q2. What is Prodigy Gold’s total Mineral Resource?
 Ans. Prodigy Gold holds 100 per cent owned Mineral Resources totalling 23.7 million tonnes at 1.4g/t gold for 1,029koz. Resources are located across Old Pirate, Buccaneer, Hyperion and Tregony Projects.
Q3. What environmental work has commenced at Hyperion?
 Ans. Prodigy Gold commenced baseline environmental studies,including fauna monitoring with cameras, weather station installation, dust monitoring sites and flora baseline inspections. This work supports future mining approvals through the Environmental Protection Act.
Q4. What is Prodigy Gold’s cash position?
 Ans. Prodigy Gold held $5.2 million in cash as at 31 December 2025 with no debt. The estimated quarters of funding available based on current expenditure rates stands at 3.73 quarters.
