# PRX: Hyperion Project Update - Diamond Drilling Commencing Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/prx-hyperion-project-update-diamond-drilling-commencing--2b8cd1d7-dc0a-4e12-bb4b-de62eeed6509 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146986 Publisher: asx Original announcement: 2026-09-30T22:43:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-30T23:10:14.239Z Atlas analysis updated: 2026-09-30T23:10:14.239Z - Company: Prodigy Gold NL - Ticker: PRX - Exchange: ASX - Region: Northern Territory - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Drill results - Extracted: 2026-09-30 23:10:15 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Prodigy Gold NL is commencing a single deep diamond drill hole \(HYDD26001\) at its Hyperion Gold Deposit in the Northern Territory, co-funded by the NT Government. The hole, planned for 600m, will test a high-priority IP chargeability anomaly located 300m south of the current Mineral Resource, aiming to discover new sulphide-associated gold mineralization at depth. The company also provided a resource summary, which for Hyperion, shows significant increases in tonnage and contained gold compared to prior estimates. Reasoning: Prodigy Gold is commencing a single deep diamond drill hole at its Hyperion Gold Deposit to test a high-priority IP anomaly, representing a significant step-out from existing mineralization. This exploration program is co-funded by the NT Government and aims to discover new sulphide-associated gold mineralization at depth. Concurrently, the document presents an updated resource summary for Hyperion, which, when compared to prior RAG data \(adjusting for contained metal inconsistencies\), indicates substantial growth in tonnage, grade, and contained metal for both Indicated and Inferred categories. - Positive factor: New deep exploration drilling targeting a high-priority IP anomaly, representing a significant step-out from known mineralization. - Positive factor: The drilling program is co-funded by the Northern Territory Government, reducing financial risk. - Positive factor: The Hyperion resource update shows significant growth in both Indicated and Inferred tonnage and contained metal, with improved overall grade. - Positive factor: Oriented core collection will provide valuable structural and geological information to guide future exploration. - Negative factor: The drilling program consists of a single hole, which carries high exploration risk. - Negative factor: Results from the drilling are pending, and the target is geophysical, not direct mineralization. - Negative factor: The contained metal values in the provided RAG data for the prior Hyperion resource estimate were inconsistent with the tonnage and grade, making direct comparison challenging. Facts used in scoring: 16 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The planned drill hole HYDD26001 is positioned as a substantial step-out from existing lodes and 300m from the current Mineral Resource, targeting an area outside the footprint of existing drilling. Evidence · text > The hole, HYDD26001, is designed to approximately 600m downhole depth and will collect oriented HQ diamond core. The hole is positioned as a substantial step-out from the Tethys and Seuss lodes, in an area where existing drilling is predominantly shallow to moderate in depth and the deeper southern structural domain remains largely untested. **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The program plans to collect oriented HQ diamond core for detailed assessment of lithology, structural architecture, alteration, vein systems, multi-element geochemistry, and petrographic work. Evidence · text > Oriented diamond core will provide important structural, lithological, alteration and mineralisation information and will directly test the relationship between the IP response, and any identified mineralisation. **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: The target IP anomaly is interpreted to potentially reflect disseminated sulphides, principally pyrite and arsenopyrite, with arsenopyrite containing arsenic, a common penalty element. Evidence · text > The anomaly is interpreted to potentially reflect disseminated sulphides, principally pyrite and arsenopyrite, which are commonly associated with gold mineralisation in the Tanami region. **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: The planned drill hole has a stated downhole depth of 600m, but no true width is mentioned for the target mineralization. Evidence · text > The hole, HYDD26001, is designed to approximately 600m downhole depth **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: The Hyperion Indicated resource tonnage increased from 2.12 Mt to 4.1 Mt, and Inferred tonnage from 2.42 Mt to 5.7 Mt, indicating an upgrade in confidence and size. Evidence · table > 4.1 Context: Hyperion 16-Mar-26 **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: The total Hyperion resource tonnage increased from 4.54 Mt \(prior RAG\) to 9.8 Mt \(current table\), representing a significant growth of over 100%. Evidence · table > 9.8 Context: Hyperion 16-Mar-26 **Grade Improvement** Polarity: positive Definition: Average resource grade improved vs prior estimate — better deposit economics. Why it applies: The Hyperion Indicated resource grade increased from 1.3 g/t Au \(prior RAG\) to 1.6 g/t Au \(current table\), and the overall total resource grade slightly improved from ~1.35 g/t Au to 1.4 g/t Au. Evidence · table > 1.6 Context: Hyperion 16-Mar-26 **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: The total Hyperion contained metal increased from a calculated ~197.5 koz \(prior RAG\) to a stated 454 koz \(current table\), representing a significant growth of over 129%. Evidence · table > 454 Context: Hyperion 16-Mar-26 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The Mineral Resources are reported to be reviewed and checked by Mr. Mark Edwards \(FAusIMM, MAIG\) and compiled by Mr. Shaun Searle \(MAIG\), both Competent Persons. Evidence · text > The information in this announcement relating to Mineral Resources from Buccaneer, Tregony, Hyperion and Old Pirate is based on information reviewed and checked by Mr. Mark Edwards. Mr. Edwards is a Fellow of the Australasian Institute of Mining and Metallurgy \(FAusIMM – Membership number 220787\) and Member of the Australian Institute of Geoscientists \(MAIG – Membership number 3655\) and has sufficient experience relevant to the style of mineralisation and type of deposits under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(the “2012 JORC Code”\). **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: All Mineral Resources are explicitly reported in accordance with the 2012 JORC Code. Evidence · text > All Mineral Resources are reported in accordance with the 2012 JORC Code **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The Hyperion resource is reported above a 0.5 g/t Au cut-off. Evidence · text > Hyperion Mineral Resources are determined to be within 180m of surface using a lower cut-off grade of 0.5g/t Au **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The Hyperion resource includes a significant Inferred component of 5.7 Mt at 1.3 g/t Au for 242 Koz. Evidence · table > 5.7 Context: Hyperion 16-Mar-26 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document presents a summary of the company's Mineral Resources as at 20 August 2026, which includes the Hyperion resource previously released on 16 March 2026. Evidence · text > Prodigy Gold Mineral Resource Summary as at 20 August 2026. **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: The Tregony resource has an effective date of 3 June 2025, which is over one year old at the time of this announcement \(1 October 2026\). Evidence · table > 3-Jun-25 Context: Tregony 3-Jun-25 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: The Buccaneer resource has an effective date of 11 August 2023, which is over two years old at the time of this announcement \(1 October 2026\). Evidence · table > 11-Aug-23 Context: Buccaneer 11-Aug-23 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: The Old Pirate resource has an effective date of 19 August 2016, which is over five years old at the time of this announcement \(1 October 2026\). Evidence · table > 19-Aug-16 Context: Old Pirate 19-Aug-16 ## Extracted facts Stored fact records: 16. Some facts used in scoring do not have a stored record. ## Drill Results (1) ### HYDD26001 [Link to this fact](https://atlas-staging.minestarters.com/news/prx-hyperion-project-update-diamond-drilling-commencing--2b8cd1d7-dc0a-4e12-bb4b-de62eeed6509#fact-drill-facts-0) Hyperion #### Identity - Hole ID: HYDD26001 - Project: Hyperion - Region: australia\_nt - Reported Region: australia\_nt - Ticker: PRX #### Geometry - Hole Depth: 600 m #### Classification - Program: exploration - Sample Type: drill #### Location - Easting: 613955 - Northing: 7835800 - CRS: GDA94 / 52 - Elevation: 415 m - Azimuth: 0 ° - Dip: -65 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QP Signed: Yes #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: arsenic #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A single deep diamond drill hole is commencing to test a high-priority IP anomaly, representing a significant step-out from known mineralization at Hyperion. This exploration is co-funded and aims to discover new sulphide-associated gold at depth, but results are pending and the target is geophysical. - Positive factor: The drill hole is a substantial step-out, targeting a deep, previously untested IP anomaly, indicating high exploration potential. - Positive factor: The program is co-funded by the Northern Territory Government, reducing the financial burden on the company. - Positive factor: The collection of oriented HQ diamond core will provide high-quality data for detailed geological and structural assessment. - Negative factor: This is a single-hole program, which inherently carries high exploration risk. - Negative factor: The target is a geophysical anomaly, and results are pending, meaning mineralization is not yet confirmed. - Negative factor: The presence of arsenopyrite, a sulphide associated with the target, indicates potential for deleterious elements. Evidence · table > HYDD26001 Context: 613955 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true ## Resource Estimates (15) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/prx-hyperion-project-update-diamond-drilling-commencing--2b8cd1d7-dc0a-4e12-bb4b-de62eeed6509#fact-resource-facts-1) Hyperion · gold #### Identity - Project: Hyperion - Commodity: gold - Region: australia\_nt - Reported Region: Northern Territory - Ticker: PRX #### Resource scope - Estimate type: resource - Effective date: 2026-03-16T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr. Mark Edwards, Mr. Shaun Searle - Resource group id: resource:75c9232b25a61d3f7c60 - Deposit or zone: Hyperion - Ownership percent: 100 % - Resource basis: attributable #### Resource Data - Category: indicated - Tonnes: 4100000 - Grade: 1.6 - Grade Unit: g/t - Contained Metal: 212 - Contained Unit: koz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-03-16 - Prior Tonnes: 2120000 - Prior Grade: 1.3 - Prior Contained Metal: 88.6 - Prior Cutoff Grade: 0.5 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The Hyperion Indicated resource shows significant growth in tonnage and grade, leading to a substantial increase in contained gold, indicating a positive update for the project's higher-confidence category. - Positive factor: Significant increase in Indicated tonnage \(+93.4%\) and grade \(+23.1%\) compared to the prior estimate. - Positive factor: Substantial growth in Indicated contained gold from a calculated 88.6 koz to a stated 212 koz. - Positive factor: The estimate is JORC compliant and signed off by Competent Persons, indicating high confidence. - Negative factor: The contained metal value for the prior Indicated resource in the RAG data was inconsistent with its tonnage and grade, making direct comparison challenging. Evidence · table > 4.1 Context: Hyperion 16-Mar-26 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: 4100000 against 2120000 previously **Grade Improvement** Polarity: positive Definition: Average resource grade improved vs prior estimate — better deposit economics. Why it applies: 1.6 against 1.3 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 212 against 88.6 previously ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/prx-hyperion-project-update-diamond-drilling-commencing--2b8cd1d7-dc0a-4e12-bb4b-de62eeed6509#fact-resource-facts-2) Hyperion · gold #### Identity - Project: Hyperion - Commodity: gold - Region: australia\_nt - Reported Region: Northern Territory - Ticker: PRX #### Resource scope - Estimate type: resource - Effective date: 2026-03-16T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr. Mark Edwards, Mr. Shaun Searle - Resource group id: resource:de88167d0c7582d30589 - Deposit or zone: Hyperion - Ownership percent: 100 % - Resource basis: attributable #### Resource Data - Category: inferred - Tonnes: 5700000 - Grade: 1.3 - Grade Unit: g/t - Contained Metal: 242 - Contained Unit: koz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-03-16 - Prior Tonnes: 2420000 - Prior Grade: 1.4 - Prior Contained Metal: 108.9 - Prior Cutoff Grade: 0.5 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The Hyperion Inferred resource shows very significant tonnage growth and a substantial increase in contained gold, despite a slight grade decrease, indicating a positive expansion of the overall resource. - Positive factor: Very significant increase in Inferred tonnage \(+135.5%\) compared to the prior estimate. - Positive factor: Substantial growth in Inferred contained gold from a calculated 108.9 koz to a stated 242 koz. - Positive factor: The estimate is JORC compliant and signed off by Competent Persons, indicating high confidence. - Negative factor: A slight decrease in Inferred grade \(-7.1%\) compared to the prior estimate. - Negative factor: The contained metal value for the prior Inferred resource in the RAG data was inconsistent with its tonnage and grade, making direct comparison challenging. Evidence · table > 5.7 Context: Hyperion 16-Mar-26 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: 5700000 against 2420000 previously **Grade Decline** Polarity: negative Definition: Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 1.3 against 1.4 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 242 against 108.9 previously ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/prx-hyperion-project-update-diamond-drilling-commencing--2b8cd1d7-dc0a-4e12-bb4b-de62eeed6509#fact-resource-facts-3) Hyperion · gold #### Identity - Project: Hyperion - Commodity: gold - Region: australia\_nt - Reported Region: Northern Territory - Ticker: PRX #### Resource scope - Estimate type: resource - Effective date: 2026-03-16T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr. Mark Edwards, Mr. Shaun Searle - Resource group id: resource:2c1a0c4b906856b7befd - Deposit or zone: Hyperion - Ownership percent: 100 % - Resource basis: attributable #### Resource Data - Category: inferred - Tonnes: 9800000 - Grade: 1.4 - Grade Unit: g/t - Contained Metal: 454 - Contained Unit: koz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-03-16 - Prior Tonnes: 4540000 - Prior Grade: 1.35 - Prior Contained Metal: 197.5 - Prior Cutoff Grade: 0.5 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The total Hyperion resource demonstrates substantial growth in tonnage and contained metal with an improved overall grade, representing a very positive update for the project. - Positive factor: The total Hyperion resource shows a significant increase in tonnage \(+115.9%\) and contained metal \(+129.9%\) compared to the prior estimate. - Positive factor: Overall grade has slightly improved \(+3.7%\). - Positive factor: The estimate is JORC compliant and signed off by Competent Persons, indicating high confidence. - Negative factor: The contained metal values for the prior Hyperion resource in the RAG data were inconsistent with its tonnage and grade, making direct comparison challenging. Evidence · table > 9.8 Context: Hyperion 16-Mar-26 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: 9800000 against 4540000 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 454 against 197.5 previously ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/prx-hyperion-project-update-diamond-drilling-commencing--2b8cd1d7-dc0a-4e12-bb4b-de62eeed6509#fact-resource-facts-4) Tregony · gold #### Identity - Project: Tregony - Commodity: gold - Region: australia\_nt - Reported Region: Northern Territory - Ticker: PRX #### Resource scope - Estimate type: resource - Effective date: 2025-06-03T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr. Mark Edwards - Resource group id: resource:7b0ba7557ead9cd0d0f6 - Ownership percent: 100 % - Resource basis: attributable #### Resource Data - Category: indicated - Tonnes: 500000 - Grade: 1.8 - Grade Unit: g/t - Contained Metal: 30 - Contained Unit: koz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-06-03 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This is a restatement of an existing Indicated resource for Tregony, with a moderate grade and good reporting standards, but the estimate is over a year old. - Positive factor: The resource is JORC compliant and signed off by a Competent Person, indicating good confidence. - Positive factor: The grade of 1.8 g/t Au is moderate for an open-pit scenario. - Negative factor: The effective date of the estimate is over one year old, raising concerns about data currency. - Negative factor: The cut-off grade is stated as 0.5/0.6 g/t Au, which could imply different cut-offs for different material types, potentially affecting comparability. Evidence · table > 0.5 Context: Tregony 3-Jun-25 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/prx-hyperion-project-update-diamond-drilling-commencing--2b8cd1d7-dc0a-4e12-bb4b-de62eeed6509#fact-resource-facts-5) Tregony · gold #### Identity - Project: Tregony - Commodity: gold - Region: australia\_nt - Reported Region: Northern Territory - Ticker: PRX #### Resource scope - Estimate type: resource - Effective date: 2025-06-03T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr. Mark Edwards - Resource group id: resource:871c5058dd7ae0185d67 - Ownership percent: 100 % - Resource basis: attributable #### Resource Data - Category: inferred - Tonnes: 1500000 - Grade: 1 - Grade Unit: g/t - Contained Metal: 50 - Contained Unit: koz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-06-03 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This is a restatement of an existing Inferred resource for Tregony, with a moderate grade but the estimate is over a year old and in the lowest confidence category. - Positive factor: The resource is JORC compliant and signed off by a Competent Person, indicating good confidence. - Negative factor: The effective date of the estimate is over one year old, raising concerns about data currency. - Negative factor: The grade of 1.0 g/t Au is at the lower end of moderate for an open-pit scenario. - Negative factor: The cut-off grade is stated as 0.5/0.6 g/t Au, which could imply different cut-offs for different material types, potentially affecting comparability. Evidence · table > 1.5 Context: Tregony 3-Jun-25 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/prx-hyperion-project-update-diamond-drilling-commencing--2b8cd1d7-dc0a-4e12-bb4b-de62eeed6509#fact-resource-facts-6) Tregony · gold #### Identity - Project: Tregony - Commodity: gold - Region: australia\_nt - Reported Region: Northern Territory - Ticker: PRX #### Resource scope - Estimate type: resource - Effective date: 2025-06-03T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr. Mark Edwards - Resource group id: resource:624bd0c9ff5f9c8f38af - Ownership percent: 100 % - Resource basis: attributable #### Resource Data - Category: inferred - Tonnes: 2000000 - Grade: 1.2 - Grade Unit: g/t - Contained Metal: 80 - Contained Unit: koz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-06-03 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This is a restatement of an existing total resource for Tregony, with a moderate grade but predominantly Inferred and over a year old. - Positive factor: The resource is JORC compliant and signed off by a Competent Person, indicating good confidence. - Negative factor: The effective date of the estimate is over one year old, raising concerns about data currency. - Negative factor: The grade of 1.2 g/t Au is moderate for an open-pit scenario, but the resource is predominantly Inferred. - Negative factor: The cut-off grade is stated as 0.5/0.6 g/t Au, which could imply different cut-offs for different material types, potentially affecting comparability. Evidence · table > 2.0 Context: Tregony 3-Jun-25 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/prx-hyperion-project-update-diamond-drilling-commencing--2b8cd1d7-dc0a-4e12-bb4b-de62eeed6509#fact-resource-facts-7) Buccaneer · gold #### Identity - Project: Buccaneer - Commodity: gold - Region: australia\_nt - Reported Region: Northern Territory - Ticker: PRX #### Resource scope - Estimate type: resource - Effective date: 2023-08-11T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr. Mark Edwards, Mr. Shaun Searle - Resource group id: resource:4145d9a7201f350895ab - Ownership percent: 100 % - Resource basis: attributable #### Resource Data - Category: indicated - Tonnes: 4800000 - Grade: 1.1 - Grade Unit: g/t - Contained Metal: 174 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2023-08-11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This is a restatement of an existing Indicated resource for Buccaneer, with a moderate grade but the estimate is over two years old, indicating low novelty and potential for staleness. - Positive factor: The resource is JORC compliant and signed off by Competent Persons, indicating good confidence. - Negative factor: The effective date of the estimate is over two years old, raising significant concerns about data currency. - Negative factor: The grade of 1.1 g/t Au is at the lower end of moderate for an open-pit scenario. Evidence · table > 4.8 Context: Buccaneer 11-Aug-23 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.1 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/prx-hyperion-project-update-diamond-drilling-commencing--2b8cd1d7-dc0a-4e12-bb4b-de62eeed6509#fact-resource-facts-8) Buccaneer · gold #### Identity - Project: Buccaneer - Commodity: gold - Region: australia\_nt - Reported Region: Northern Territory - Ticker: PRX #### Resource scope - Estimate type: resource - Effective date: 2023-08-11T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr. Mark Edwards, Mr. Shaun Searle - Resource group id: resource:778f049c628534bf4bc2 - Ownership percent: 100 % - Resource basis: attributable #### Resource Data - Category: inferred - Tonnes: 6400000 - Grade: 1.1 - Grade Unit: g/t - Contained Metal: 225 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2023-08-11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This is a restatement of an existing Inferred resource for Buccaneer, with a moderate grade but the estimate is over two years old, indicating low novelty and potential for staleness. - Positive factor: The resource is JORC compliant and signed off by Competent Persons, indicating good confidence. - Negative factor: The effective date of the estimate is over two years old, raising significant concerns about data currency. - Negative factor: The grade of 1.1 g/t Au is at the lower end of moderate for an open-pit scenario, and it is in the lowest confidence category. Evidence · table > 6.4 Context: Buccaneer 11-Aug-23 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.1 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/prx-hyperion-project-update-diamond-drilling-commencing--2b8cd1d7-dc0a-4e12-bb4b-de62eeed6509#fact-resource-facts-9) Buccaneer · gold #### Identity - Project: Buccaneer - Commodity: gold - Region: australia\_nt - Reported Region: Northern Territory - Ticker: PRX #### Resource scope - Estimate type: resource - Effective date: 2023-08-11T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr. Mark Edwards, Mr. Shaun Searle - Resource group id: resource:f180a3e3f8e37fe97cb7 - Ownership percent: 100 % - Resource basis: attributable #### Resource Data - Category: inferred - Tonnes: 11200000 - Grade: 1.1 - Grade Unit: g/t - Contained Metal: 400 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2023-08-11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This is a restatement of an existing total resource for Buccaneer, with a moderate grade but the estimate is over two years old, indicating low novelty and potential for staleness. - Positive factor: The resource is JORC compliant and signed off by Competent Persons, indicating good confidence. - Negative factor: The effective date of the estimate is over two years old, raising significant concerns about data currency. - Negative factor: The grade of 1.1 g/t Au is at the lower end of moderate for an open-pit scenario, and a significant portion is Inferred. Evidence · table > 11.2 Context: Buccaneer 11-Aug-23 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.1 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/prx-hyperion-project-update-diamond-drilling-commencing--2b8cd1d7-dc0a-4e12-bb4b-de62eeed6509#fact-resource-facts-10) Old Pirate · gold #### Identity - Project: Old Pirate - Commodity: gold - Region: australia\_nt - Reported Region: Northern Territory - Ticker: PRX #### Resource scope - Estimate type: resource - Effective date: 2016-08-19T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr. David Williams - Resource group id: resource:29326720a666f3426f8b - Ownership percent: 100 % - Resource basis: attributable #### Resource Data - Category: indicated - Tonnes: 40000 - Grade: 4.7 - Grade Unit: g/t - Contained Metal: 6 - Contained Unit: koz - Cutoff Grade: 1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2016-08-19 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This is a restatement of a very old and small Indicated resource for Old Pirate, with low novelty and significant staleness, despite a strong grade. - Positive factor: The resource is JORC compliant and signed off by a Competent Person, indicating good reporting standards. - Positive factor: The grade of 4.7 g/t Au is strong for an open-pit scenario. - Negative factor: The effective date of the estimate is over five years old, raising significant concerns about data currency and relevance. - Negative factor: The tonnage is very small \(0.04 Mt\), limiting its overall materiality. Evidence · table > 0.04 Context: Old Pirate 19-Aug-16 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 10.1 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/prx-hyperion-project-update-diamond-drilling-commencing--2b8cd1d7-dc0a-4e12-bb4b-de62eeed6509#fact-resource-facts-11) Old Pirate · gold #### Identity - Project: Old Pirate - Commodity: gold - Region: australia\_nt - Reported Region: Northern Territory - Ticker: PRX #### Resource scope - Estimate type: resource - Effective date: 2016-08-19T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr. David Williams - Resource group id: resource:c21e6ffbe79697e5ca2d - Ownership percent: 100 % - Resource basis: attributable #### Resource Data - Category: inferred - Tonnes: 800000 - Grade: 4.5 - Grade Unit: g/t - Contained Metal: 109 - Contained Unit: koz - Cutoff Grade: 1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2016-08-19 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This is a restatement of a very old Inferred resource for Old Pirate, with low novelty and significant staleness, despite a strong grade. - Positive factor: The resource is JORC compliant and signed off by a Competent Person, indicating good reporting standards. - Positive factor: The grade of 4.5 g/t Au is strong for an open-pit scenario. - Negative factor: The effective date of the estimate is over five years old, raising significant concerns about data currency and relevance. - Negative factor: The resource is in the lowest confidence category \(Inferred\). Evidence · table > 0.8 Context: Old Pirate 19-Aug-16 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 10.1 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/prx-hyperion-project-update-diamond-drilling-commencing--2b8cd1d7-dc0a-4e12-bb4b-de62eeed6509#fact-resource-facts-12) Old Pirate · gold #### Identity - Project: Old Pirate - Commodity: gold - Region: australia\_nt - Reported Region: Northern Territory - Ticker: PRX #### Resource scope - Estimate type: resource - Effective date: 2016-08-19T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr. David Williams - Resource group id: resource:708a4e0f1346dc234bc5 - Ownership percent: 100 % - Resource basis: attributable #### Resource Data - Category: inferred - Tonnes: 840000 - Grade: 4.5 - Grade Unit: g/t - Contained Metal: 115 - Contained Unit: koz - Cutoff Grade: 1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2016-08-19 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This is a restatement of a very old total resource for Old Pirate, with low novelty and significant staleness, despite a strong grade. - Positive factor: The resource is JORC compliant and signed off by a Competent Person, indicating good reporting standards. - Positive factor: The grade of 4.5 g/t Au is strong for an open-pit scenario. - Negative factor: The effective date of the estimate is over five years old, raising significant concerns about data currency and relevance. - Negative factor: A significant portion of the resource is Inferred, and the total tonnage is small. Evidence · table > 0.8 Context: Old Pirate 19-Aug-16 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 10.1 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/prx-hyperion-project-update-diamond-drilling-commencing--2b8cd1d7-dc0a-4e12-bb4b-de62eeed6509#fact-resource-facts-13) Total Resource · gold #### Identity - Project: Total Resource - Commodity: gold - Region: australia\_nt - Reported Region: Northern Territory - Ticker: PRX #### Resource scope - Estimate type: resource - Effective date: 2026-08-20T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr. Mark Edwards - Resource group id: resource:5a45d9e6ec3398ba9e9e - Ownership percent: 100 % - Resource basis: attributable #### Resource Data - Category: indicated - Tonnes: 9500000 - Grade: 1.4 - Grade Unit: g/t - Contained Metal: 423 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-08-20 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This is a summary of the company's total Indicated resource, showing a substantial amount of gold under good reporting standards, but with a moderate grade and undisclosed overall cut-off. - Positive factor: The total Indicated resource is substantial at 9.5 Mt and 423 koz of gold. - Positive factor: The estimate is JORC compliant and signed off by a Competent Person, indicating high confidence. - Negative factor: The overall grade of 1.4 g/t Au is moderate for an open-pit scenario. - Negative factor: The cut-off grade is not disclosed for the total resource, limiting comparability. Evidence · table > 9.5 Context: Total Resource #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/prx-hyperion-project-update-diamond-drilling-commencing--2b8cd1d7-dc0a-4e12-bb4b-de62eeed6509#fact-resource-facts-14) Total Resource · gold #### Identity - Project: Total Resource - Commodity: gold - Region: australia\_nt - Reported Region: Northern Territory - Ticker: PRX #### Resource scope - Estimate type: resource - Effective date: 2026-08-20T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr. Mark Edwards - Resource group id: resource:bf88ec0e4148e99d8f61 - Ownership percent: 100 % - Resource basis: attributable #### Resource Data - Category: inferred - Tonnes: 14400000 - Grade: 1.4 - Grade Unit: g/t - Contained Metal: 626 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-08-20 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This is a summary of the company's total Inferred resource, showing a substantial amount of gold but in the lowest confidence category, with a moderate grade and undisclosed overall cut-off. - Positive factor: The total Inferred resource is substantial at 14.4 Mt and 626 koz of gold. - Positive factor: The estimate is JORC compliant and signed off by a Competent Person, indicating good confidence. - Negative factor: The overall grade of 1.4 g/t Au is moderate for an open-pit scenario. - Negative factor: The resource is in the lowest confidence category \(Inferred\), limiting its use for economic studies. - Negative factor: The cut-off grade is not disclosed for the total resource, limiting comparability. Evidence · table > 14.4 Context: Total Resource #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/prx-hyperion-project-update-diamond-drilling-commencing--2b8cd1d7-dc0a-4e12-bb4b-de62eeed6509#fact-resource-facts-15) Total Resource · gold #### Identity - Project: Total Resource - Commodity: gold - Region: australia\_nt - Reported Region: Northern Territory - Ticker: PRX #### Resource scope - Estimate type: resource - Effective date: 2026-08-20T00:00:00.000Z - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr. Mark Edwards - Resource group id: resource:842f71af3a4200ff40bc - Ownership percent: 100 % - Resource basis: attributable #### Resource Data - Category: inferred - Tonnes: 23900000 - Grade: 1.4 - Grade Unit: g/t - Contained Metal: 1049 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-08-20 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This is a summary of the company's total gold resource, showing a substantial amount of gold under good reporting standards, but with a significant Inferred component, moderate grade, and undisclosed overall cut-off. - Positive factor: The total resource is substantial at 23.9 Mt and over 1 million ounces of gold. - Positive factor: The estimate is JORC compliant and signed off by a Competent Person, indicating high confidence. - Negative factor: A significant portion of the total resource is in the Inferred category, limiting its use for economic studies. - Negative factor: The overall grade of 1.4 g/t Au is moderate for an open-pit scenario. - Negative factor: The cut-off grade is not disclosed for the total resource, limiting comparability. Evidence · table > 23.8 Context: Total Resource #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.