Vista Gold Corp · AMEX:VGZ
Vista Gold — Investor Presentation (May 2024)
24 slides from Vista Gold's investor presentation, May 2024
Slide 1: Lower Initial Capex with Staged Development
NYSE American | TSX VGZ May 2024 LOWER INITIAL provides path to CAPEX with STAGED WORLD CLASS DEVELOPMENT PRODUCTION
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 statements. Such factors include, among others, uncertainty of resource and reserve estimates, uncertainty as to may change forecasts and targets. This presentation should
Slide 3: Why Vista Gold?
Why VISTA GOLD? MT TODD GOLD PROJECT ENVIRONMENTAL, SOCIAL Demonstrated Feasibility AND GOVERNANCE Transparency and accountability Permitted Sustainable and socially responsible development Opportunity for lower initial capex and high returns through staged development Best corporate governance prac
Slide 4: Royalty Agreement with Wheaton Precious Metals
Royalty Agreement 1 with WHEATON PRECIOUS METALS $20 million 2 to advance Mt Todd and Staged Development Objectives general purposes Drilling within existing pit footprint and immediately adjacent to the Batman pit to add near surface, low strip gold resources $10 million received Confirmatory metal
Slide 5: Mt Todd Large Scale with Demonstrated Feasibility
MT TODD Large Scale with Demonstrated Feasibility1 7.8 Moz 1.6 Moz 7 Moz 16 Years 479koz Au2 92.2%2 $961/oz2 M&I Inferred Reserve LOM Avg. Annual Avg. Au Avg. AISC Resources Resources Production Recovery World’s Top 10 Most Valuable Gold Mines in Development Zacks Industry Outlook Highlights Frank H
Slide 6: Large Scale and Easily Accessible
LARGE SCALE and Easily Accessible 30-Minute Drive Key Suppliers and Skilled Labor 479koz Au/year from Katherine, regional Access in Northern Territory ~250 km SE Average years 1-7 population of 18,000 of port city of Darwin Resources and Reserves1 6.98 Moz 1.60 Moz Reserves Inferred Resources 7.87 M
Slide 7: Brownfield Project with Excellent Infrastructure
Brownfield Project with EXCELLENT INFRASTRUCTURE EXISTING INFRASTRUCTURE REDUCES Development Risk Tailings Storage Fresh Water SHORTENS Timeline and Facility Reservoir DRIVES DOWN COSTS Batman Pit Plant Site Paved roads from the Stuart Highway Waste Rock to the plant site Dump Natural gas pipeline t
Slide 8: Opportunity for Lower Capex through Staged Development
Opportunity for LOWER CAPEX through STAGED DEVELOPMENT MT TODD Demonstrated potential for initial Evaluated 15k tonne per day operation SCOPING STUDY smaller-scale project (nominal 5.2Mtpa) with potential to stage HIGHLIGHTS project for increased production Confirmed smaller-scale project is technic
Slide 9: Committed to Sustainable and Socially Responsible Development
Committed to SUSTAINABLE AND SOCIALLY RESPONSIBLE Development ENVIRONMENTAL GOVERNANCE Implement best practices to avoid or minimize adverse Committed to good corporate effects to the local environment, including wildlife, water governance practices. resources, and ecosystems. Promote long-term inte
Slide 10: District-scale Exploration Potential
District-scale EXPLORATION POTENTIAL 1,581 km2 contiguous exploration licenses Largely unexplored Highly prospective for new discoveries 2021 exploration program within boundaries of mining licenses Identified promising targets Potential to add 1.8 – 3.5 million gold ounces to resource base Mining L
Slide 11: Potential for Resource Expansion
Potential for RESOURCE EXPANSION Continuation of Batman core zone structure 500k – 1 million gold ounce target Strike of Batman Deposit Focused on low stripping ratio ounces Expansion of the planned open pit Expected to be amenable to the current mill flowsheet Recoveries are expected to be similar
Slide 12: Capital Markets Profile
CAPITAL MARKETS Profile Capital Structure No Debt Institutional Holders & Insiders Symbol (NYSE American & TSX) VGZ Sun Valley 16.4% Share Price (May 1, 2024) US$0.50 Vista Board and Management 3 3.2% Shares Outstanding1 121.6M Loews Corp. 2.8% Market Capitalization US$60.8M Kopernik Global Investor
Slide 13: Why Vista Gold?
Why VISTA GOLD? MT TODD GOLD PROJECT ENVIRONMENTAL, SOCIAL Demonstrated Feasibility AND GOVERNANCE Transparency and accountability Permitted Sustainable and socially responsible development Opportunity for lower initial capex and high returns through staged development Best corporate governance prac
Slide 14: Contact
Contact Pamela A. Solly Phone: (720) 981-1185 VP of Investor Relations Email: psolly@vistagold.com NYSE AMERICAN & TSX: VGZ www.vistagold.com
Slide 15: Appendix
APPENDIX
Slide 16: Proven Management Team
Proven MANAGEMENT TEAM Highly qualified Proven track record Management and Technical Team of Exploration, Development and Operations Successes Frederick H. Earnest Douglas L. Tobler Pamela A. Solly Brent Murdoch President, CEO and Director Chief Financial Officer Vice President, Investor Relations G
Slide 17: Experienced Board of Directors
Experienced BOARD OF DIRECTORS Effective Experienced Corporate Governance Board of Directors Tracy Stevenson John Clark Frederick Earnest Deborah J. Friedman Patrick Keenan Mike Sylvestre Chair Compensation Committee Chair President, CEO & Director Governance Committee Chair Audit, Compensation & HS
Slide 18: Mt Todd 2024 Updated Feasibility Study Summary
Mt Todd 2024 Updated FEASIBILITY STUDY SUMMARY Proven and probable reserves Economics1 reflect Q1 2024 costs including 6.98 million ounces of gold recent inflationary increases Reserve estimates conservatively based After-tax NPV5% $1.13 billion with 20.4% IRR on US$1,500 Au price and 0.35 g Au/t cu
Slide 19: Mt Todd Updated 2024 Feasibility Study NPV 5% and IRR Sensitivity
Mt Todd Updated 2024 FEASIBILITY STUDY NPV5% AND IRR SENSITIVITY Capital and operating costs For every US$100 increase MT TODD Based on Q1 2024 quotes in gold price, the project NPV5% DEMONSTRATES Reflected inflationary cost increases experienced increases by approximately ROBUST PROJECT by all oper
Slide 20: Globally Competitive AISC
GLOBALLY COMPETITIVE AISC Mt Todd LOM AISC expected to be lower than Junior and Intermediate Peer Median 1 Junior Producer Peers $2,006 $1,519 $1,464 $1,423 $1,360 $1,305 $1,243 Median $1,274 US$/oz $1,081 $1,081 $1,063 $961 $864 Argonaut Mandalay Victoria McEwen Mining Resolute Wesdome Gold Road Pe
Slide 21: Mt Todd Reserves and Resources
Mt Todd RESERVES AND 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 PROV
Slide 22: Detailed Flowsheet
VISTA Ve Detailed FLOWSHEET GOLD Pre-Leach Conditioning Cyolones Cyclones a Carbon Safety Screens Leaching es etn VXP Mills VXP Mills Tanks x5 x5 To Tailings Detox Tanks Gilsher Coarse Ore , ios Stockpile To Tailings Trash Screen x2 beaded Lerten lorries — sorption Tanks Cyclones alin. Recovery Ss x
Slide 23: Applying Proven Technologies
Applying PROVEN TECHNOLOGIES Ore Sorting Fine Grinding # of Sorted Throughput/ Total Sorting Sorter Belt Commodity Country Units Particle Size Unit Year Country Application Quantity Model Tonnage Method Width (m) Installed (mm) (tonnes/hr) (dtph) 1 1.2 14x22 31 2012 South Africa Gold tailings treatm
Slide 24: NYSE American & TSX: VGZ
NYSE AMERICAN & TSX: VGZ www.vistagold.com