Outstanding RC Results Strengthen Hyperion’s Growth Path to Establishing a Gold Production Narrative.
- Noel Ong
- 13 hours ago
- 7 min read
Announcement
Outstanding Drilling Results Returned from Hyperion 17 November 2025 (click here to view the announcement)
Prodigy Gold NL (ASX: PRX) has released a strong suite of Reverse Circulation (RC) drilling results from the Hyperion Gold Deposit, part of the Tanami North Project in the Northern Territory (Figure 1). The 19-hole, 2,339m program across the Hyperion, Seuss, and Tethys Lodes continues to reinforce the project’s scale, grade continuity, and potential for multiple high-grade zones.
Figure 1: Project location in the Tanami Region (source: PRX)
The Business of the Company: Focus – Gold Production Projects
Prodigy Gold NL is a Tanami-focused gold explorer and developer, currently concentrating on advancing its Tanami North and Twin Bonanza projects (Figure 2) and assessing how its 1Moz-plus Mineral Resources can be converted into mineable inventory.
Over the next five years, Prodigy Gold’s strategy is to:
Remain focused on mine development and gold exploration in the Tanami Region (NT).
Complete mining studies on Tanami North and Twin Bonanza to define development options.
Pursue partner-backed development opportunities to generate cash flow for ongoing work.
Grow the Mineral Resource base while advancing new projects across the tenement package.
Work with Joint Venture partners to progress projects around the Company’s active sites.
Figure 2: Prodigy Gold major Project areas. (source: PRX)
Highlights – Strong Intercepts Across All Three Lodes
1. Seuss Lode delivers broad, high-grade gold zones (Figure 3)
24m @ 5.5g/t Au from 75m (SURC25008)
18m @ 4.2g/t Au from 79m (SURC25006)
23m @ 2.2g/t Au from 37m (SURC25005)
9m @ 3.2g/t Au from 63m in hole SURC25008
9m @ 2.5g/t Au from 19m in hole SURC25001
30m @ 2.7g/t Au from 61m in hole SURC25009
6m @ 4.0g/t Au from 122m in hole SURC25009
Figure 3: Seuss Section – 7836350mN looking North through Seuss and Tethys mineral resource (source: PRX)
Mineralisation outcrops, supported by rock chips up to 3.72g/t.
Figure 4 highlights a short interval of core from HYDD25003 (88.7–88.8m), where quartz breccia with quartz–hematite veining and possible weathered sulphides is clearly visible.
Figure 4: Selected drill core (HYDD25003) (source: PRX)
2. Hyperion Lode extends high-grade zones up-plunge
12m @ 4.6g/t Au from 131m (HYRC25004)
10m @ 3.1g/t Au from 123m (HYRC25007)
These results extend mineralisation beyond the 2024 intercept from HYRC24003 (15m @ 3.1g/t Au) (Figure 5).
Figure 5: Hyperion Section 613220mE (source: PRX)
3. Tethys Lode tested at depth with RC and diamond tails
5m @ 2.3g/t Au from 124m (HYRC25005)
4m @ 2.1g/t Au from 27m (HYRCD25002)
2m @ 4.9g/t Au from 106m (HYRCD25002)
Follow-up diamond tails are now underway to test the deeper parts of the Tethys lode and tighten up the geometry seen on Figure 6.
Figure 6: Tethys Lode Section 613550mE. (source: PRX)
4. Additional targets
Pandora: 3m @ 1.6g/t Au
Limestone Ridge: No significant intercepts
Figure 7 provides the broader drill layout across Hyperion, highlighting the positions of the Pandora and Limestone Ridge holes within the wider mineralised system.
Figure 7: Map of Hyperion Mineral Resource Lodes (source: PRX)
Leadership Commentary
Prodigy Gold Managing Director, Mark Edwards, commented:
“These latest drilling results from Hyperion continue to demonstrate the potential for significant, high-grade gold mineralisation across the Hyperion mineralised system. The Seuss Lode returned several outstanding intercepts, including 24m at 5.5g/t Au from 75m in hole SURC25008, and 18m at 4.2g/t Au from 79m in hole SURC25006, confirming the continuity of broad, higher-grade zones near surface. The consistency of these results, combined with multiple high-grade intersections across adjacent holes, supports the potential for a coherent, steeply plunging higher-grade mineralisation that is close to surface and suitable for conventional open pit mining techniques.
The last few weeks has also seen a significant forward step around the establishment of a mining operation at the Hyperion deposit with onsite environmental field work commencing around MLA34047. This work will be a key element in the application for an environmental (mining) licence over the deposit and to assist with the granting of the mineral lease. These baseline observations will be used with post wet-season observations to build a solid understanding of the local environmental conditions and to assist with the development of our mining applications.”
About Hyperion Project
Hyperion is a structurally hosted gold system in the Tanami Region, about 150km southwest of Lajamanu and positioned between the Groundrush/Ripcord (1.3Moz) and Crusade (0.1Moz) deposits, roughly 25km north of Prodigy Gold’s 80koz Tregony resource (Figure 8). Gold is developed in steeply dipping mafic units intruded by granite dykes, with mineralisation sitting in quartz–carbonate veins along east-southeast to west-northwest shear zones.
The Seuss, Hyperion, and Tethys lodes define the three main mineralised corridors. The current work program is about tightening confidence in the existing Resource, extending these lodes, and building the environmental and baseline data needed to support future mining approvals.
Environmental monitoring, dust and weather observations, and flora/fauna assessments are now underway to support the Hyperion Mineral Lease application. Work will continue through the wet season.
Figure 8: Location of the Hyperion Deposit within the Tanami North Project area (source: PRX)
Near-term Milestones to Watch
Updated Hyperion Mineral Resource estimate (early 2026).
Assay results from diamond tails at Tethys and Seuss.
Metallurgical testing, including confirmatory Photon Assay for samples >10g/t.
A high-level mining options study to support the environmental approvals process.
Ongoing negotiations with the Central Land Council for a Mining Agreement.
Pending RC results from the Tregony prospect.
How Samso Understands the Investment Memo for the Company
From an investment perspective, Hyperion offers:
a growing near-surface gold system within a proven multi-million-ounce district;
three separate mineralised corridors with continuity across multiple holes;
a clear pathway toward mining approvals;
modest drilling depth, which supports cost-efficient exploration; and
a strong dataset that will feed directly into an updated Resource in 2026.
The combination of structure, grade, and geological consistency continues to build a coherent investment case.
Samso Concluding Comments
Hyperion continues to represent one of the more compelling emerging gold systems in the Tanami Region. What stands out in this announcement is not just the high-grade intercepts but the consistency across multiple lodes, particularly at Seuss and Hyperion. This strengthens the geological interpretation and suggests strong internal continuity—a key factor for any near-term development scenario.
Drilling is targeting both infill and extension zones while simultaneously generating the baseline environmental datasets required for future approvals, which is important. It is a long-term development approach layered over incremental exploration de-risking, aligning well with how mature gold systems are typically advanced.
The upcoming resource update will be interesting. The results reported here, especially the 24m @ 5.5g/t Au and 18m @ 4.2g/t Au at Seuss, have the potential to influence grade distribution within updated models. Investors should view 2026 as a year where resource and mining study milestones converge into a clearer development narrative.
Overall, this is a good update that reflects Prodigy Gold’s strategy and execution. With drilling now complete for the season and further results pending, the coming months will define the next phase of resource growth and exploration targeting.
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