That's correct, the S-band transponder on the Apollo 16 S-IVB was lost at 97,799 seconds for unknown reasons. The telemetry subcarrier was turned off much earlier in the flight but the carrier was left on for Doppler tracking and it should have stayed on until lunar impact.
This was several days before it reached the moon, so the impact point had to be projected from earlier tracking data only. That was less accurate than for other missions where the transponders worked until impact.