Vista Gold Corp · AMEX:VGZ
Vista Gold — Investor Presentation (March 2023)
25 slides from Vista Gold's investor presentation, March 2023
Slide 1: Corporate Presentation | March 2023
Corporate Presentation | March 2023 NYSE American | TSX: VGZ BUILDING SHAREHOLDER VALUE WITH ONE OF AUSTRALIA’S LARGEST AND MOST ADVANCED UNDEVELOPED GOLD PROJECTS
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Summary: If you are risk-averse you should NOT buy shares in Vista Gold Corp. Unexpected events happen and may Such factors include, among others, uncertainty of resource and reserve estimates, uncertainty as to the Company’s change forecasts and targets. This presentation shoul
Slide 3: World-Class Gold Project
WORLD-CLASS GOLD PROJECT Tier 1 Mining De-Risked and Jurisdiction Development Ready Potential to be one of Australia’s Mt Todd Top 5 Gold Reserves: 6.98M oz Au Leverage to Producers Years 1 – 7 Rising Gold 479,000 oz Au/yr US$860/oz AISC Exploration Social, Environmental Upside Weathered gold veins
Slide 4: 2022 Highlights and 2023 Outlook
2022 Highlights and 2023 Outlook Highlights OutlookOutlook Completed a Feasibility Study for the Mt Todd gold Continue to engage with interested parties through our project and demonstrated tremendous value for Mt Todd strategic process with CIBC Appointed CIBC Capital Markets as strategic advisor t
Slide 5: Mt Todd Internal Scoping Study
MT TODD INTERNAL SCOPING STUDY Encouraging Potential for Initial Smaller-Scale Development Completed internal scoping study Evaluated 5 million tonne per year project or 15,000 tonne per day operation FRESH WATER RESERVOIR TAILINGS STORAGE Analyzed technical and economic merits of smaller-scale deve
Slide 6: Capital Markets Profile
CAPITAL MARKETS PROFILE Gold Focused Institutional Tight Capital Structure with No Debt Holders & Insiders Symbol (NYSE American & TSX) VGZ Sun Valley 16.8% Share Price (March 1, 2023) US$0.54 Euro Pacific Gold Fund 4.7% Shares Outstanding1 118.5M Lowes Corp. 2.9% Market Capitalization US$64.0M Kope
Slide 7: Mt Todd – Positioned to Be One of Australia's Largest Gold Mines
MT TODD – POSITIONED TO BE ONE OF AUSTRALIA’S LARGEST GOLD MINES Tier 1 Mining $130 Million of Existing Demonstrating Jurisdiction Site Infrastructure Upside Safe and friendly mining jurisdiction Paved roads Exploration targets with potential Globally ranked top 20 for investment Natural gas pipelin
Slide 8: Large Scale and Easily Accessible
LARGE SCALE AND EASILY ACCESSIBLE Less than 30-minute drive from Katherine, Access to key suppliers and skilled regional population of 18,000 labor in Northern Territory ~250 km southeast of port city of Darwin 1 Refer to the table of Resources and Reserves on slide 20. 479K oz Au/year over the firs
Slide 9: Brownfield Project with Excellent Infrastructure
BROWNFIELD PROJECT WITH EXCELLENT INFRASTRUCTURE Existing Infrastructure Shortens Development Timeline and Reduces Development Costs Paved roads from the Stuart Highway to the plant site Natural gas pipeline to the site for future power generation Connection to the NT electric grid for construction
Slide 10: Environmental and Social Stewardship
ENVIRONMENTAL AND SOCIAL STEWARDSHIP Commitment to Obtained All Major Building on our Environmental Best Permits Approved Strong Social License Practices to Operate Vista has a track record of improving September 2014: Environmental Impact Aligned with the community of Katherine environmental condit
Slide 11: Optimized Flowsheet Efficiency with Proven Technology
OPTIMIZED FLOWSHEET EFFICIENCY WITH PROVEN TECHNOLOGY Optimized Mt Todd Proven technologies for an optimized, Process Flowsheet energy-efficient design Gold recovery estimated to be 91.6% Extensive metallurgical Enhanced project design testing since 2007 using proven technologies Addressed key issue
Slide 12: Mt Todd Feasibility Study (February 2022)
MT TODD FEASIBILITY STUDY (February 2022) Proven and probable reserves up 19% to 6.98 million ounces of gold 280.4 million tonnes at 0.77 grams Au/tonne (g Au/t) Reserve estimates conservatively based on $1,125 Au price and 0.35 g Au/t cut- off grade Economics1 reflect Q4 2021 costs including recent
Slide 13: Mt Todd Feasibility Study Summary
MT TODD FEASIBILITY STUDY SUMMARY 50,000 tpd Project Gold Price - US$1,600/oz Years Years 1-7 Years 8-14 Life of Mine Initial CAPEX ($ millions) $892 -NA- -NA- Sustaining CAPEX ($ millions) $436 $133 $663 (1) Throughput (M tpa) 17.75 17.75 17.75 (2) Gold Grade (g Au/t) 1.01 0.72 0.84 Gold Recovery (
Slide 14: Exploration Opportunity
EXPLORATION OPPORTUNITY District-Scale Exploration Potential 1,650 km2 contiguous exploration licenses, largely unexplored Identified targets with combined potential to add 1.8 to 3.5 million gold ounces to reserve base Advanced Targets Quigleys: potential higher-grade satellite deposit Golf-Tollis:
Slide 15: Partner Ready – Culmination of Strategic Development Process
PARTNER READY – CULMINATION OF STRATEGIC DEVELOPMENT PROCESS 14 NYSE American and TSX: VGZ | www.vistagold.com
Slide 16: Value Proposition
VALUE PROPOSITION WHY INVEST STRENGTH OF ASSET EXECUTION Drives the Vision Maximizes Valuation 100% owned Mt Todd is one of Tier-1 mining jurisdiction Continue strategic process with CIBC Australia’s largest and most advanced Reduce costs and maximize cost 6.98 million ounces1 P&P reserves undevelop
Slide 17: NYSE American | TSX: VGZ www.vistagold.com
NYSE American | TSX: VGZ 16 www.vistagold.com
Slide 18: Proven Management Team
PROVEN MANAGEMENT TEAM Highly qualified Proven track record of management and exploration, development technical team and operations successes Frederick H. Earnest Douglas L. Tobler John W. Rozelle, P. Geo Pamela A. Solly Brent Murdoch President, CEO and Director Chief Financial Officer Senior Vice
Slide 19: Effective Corporate Governance
EFFECTIVE CORPORATE GOVERNANCE John Clark Tom Ogryzlo Compensation Committee Chair HSE&SR Committee Chair HSE&SR Committee Chair President of Investment and Technical Management Corp. and Part-time Interim CEO and Director former CFO Polaris Geothermal Inc. of Camrova Resources Inc. (formerly Baja M
Slide 20: Mt Todd Reserves & Resources
MT TODD RESERVES & RESOURCES Batman Deposit Heap Leach Deposit Quigleys Deposit Total Tonnage Grade Contained Tonnage Grade Contained Tonnage Grade Contained Tonnage Grade Contained 000 tonnes g/t Au 000 oz Au 000 tonnes g/t Au 000 oz Au 000 tonnes g/t Au 000 oz Au 000 tonnes g/t Au 000 oz Au Proven
Slide 21: Detailed Flowsheet
DETAILED FLOWSHEET Australia’s Largest Undeveloped Gold Project 20 NYSE American and TSX: VGZ | www.vistagold.com
Slide 22: Mt Todd 2022 Feasibility Study NPV 5% & IRR Sensitivity
MT TODD 2022 FEASIBILITY STUDY NPV5% & IRR SENSITIVITY Mt Todd demonstrates robust project economics Capital and operating costs Based on Q4 2021 quotes Reflect current inflationary cost increases experienced by all operators in mining industry Project economics demonstrate resilience to these trans
Slide 23: Applying Proven Technologies
APPLYING PROVEN TECHNOLOGIES Ore Sorting Fine Grinding Sorting Commodity Country # of Sorter Sorted Throughput/ Year Country Application Qty Model Total Tonnage Method Units Belt Particle Size Unit (dtph) Installed Width (m) (mm) (tonnes/hr) XRT Tin Peru 1 1.2 14x22 31 2012 South Africa Gold tailing
Slide 24: Independent Consultant Reports
INDEPENDENT CONSULTANT REPORTS “NI 43-101 Technical Report Mt Todd Gold Project 50,000 tpd Preliminary Feasibility Study, Northern Territory, Australia,” effective date CPEng, Proteus EPCM Engineers, Anthony Clark, PE, Power Engineers, Jagrut Jathal, PE, Knight Piesold, Benjamin S. Johnson, PE, Sept
Slide 25: Contact
NYSE AMERICAN & TSX: VGZ www.vistagold.com Contact Pamela A. Solly VP of Investor Relations 7961 Shaffer Parkway, Suite 5 Littleton, CO, 80127 Phone: (720) 981-1185