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Vista Gold Sets Target for Start of Detailed Engineering and Design
Vista Gold Corp. (NYSE American and TSX: VGZ) today announced continued progress at its Mt Todd g...
About this update from Vista Gold Corp
[{"type":"text","content":"Vista Gold Sets Target for Start of Detailed Engineering and Design\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n Vista Gold Corp. (NYSE American and TSX: VGZ) today announced continued progress at its Mt Todd gold project and outlined the pathway to initiate detailed engineering and design by early 2027. This milestone is expected to initiate a 27-month design, construction, and commissioning process.\n \n\n The Mt Todd Feasibility Study, which was completed in July 2025 (“2025 FS”), demonstrated the potential for near-term development of a smaller initial project by prioritizing higher grade ore to the processing plant, significantly lowering initial capital costs, and incorporating contractors to reduce development and operational risks. Since that time, we have focused on advancing Mt Todd in ways that demonstrate the underlying value of the Project and position it for near-term development.\n \n\n Our focus for 2026 is on establishing the foundation for the successful execution of the Mt Todd project. Priorities include obtaining permit modifications to align existing approved permits with the 2025 FS; expanding corporate capability by building an Australia-based team to lead project development; and addressing recommendations presented in the 2025 FS that will provide key inputs for detailed engineering and design.\n \n\n We have commenced efforts to obtain permit modifications and are actively engaged with consultants, regulators, and stakeholders. Some modifications have already been submitted and others will be submitted in the coming weeks. We anticipate the approval of all modifications will be achieved by the end of this year.\n \n\n We are seeking to build an Australian team with proven track records in leading project development and operations, and extensive project management, technical, social performance, finance/administration, legal, and permitting/compliance experience.\n \n\n Completing recommendations presented in the 2025 FS is well underway. Drilling to provide core for selective metallurgical testing to confirm optimal grind size, gold recoveries, and optimal sizing and selection of grinding equipment has recently been completed. The Company is undertaking a review of its geotechnical data and will consider undertaking geotechnical drilling on the west side...