Vista Gold is focused on the Mt Todd gold project (Northern Territory, Australia), with demonstrated capacity to be the 4th largest gold producer in Australia with lowest quartile in-country AISC. Ongoing testing of the ore sorting and 2-stage grinding circuits confirms lower operating costs with improved gold recoveries, now in the low 90% range. All major environmental permits are approved. The approval of the mine operating permit and completion of an updated detailed PFS are expected in Q2/Q3 2019. Vista looks to partner the development of Mt Todd and is an investment opportunity with strong fundamentals and exceptional leverage to gold price.
Mt Todd process area optimization in the last 12 months has demonstrated an improvement in gold recovery (up from 86.4% to now +90%) with lower operating costs and no material additional capital.
An updated PFS, scheduled for completion in late Q2, is expected to demonstrate greatly improved project economics driven by improved gold recovery, lower costs and improved foreign exchange rates.
With all major environmental permits approved and the mine operating permit expected Q2/Q3, Vista is now focused on identifying and selecting an appropriately qualified partner to advance the project.
Annual Proven & Probable Reserves Gold, Moz per year
Mineral Authority: NI 43-101 , GEOs: No
All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.