Vista Gold Corp · AMEX:VGZ
Vista Gold — Q1 2025 Earnings Presentation
20 slides from Vista Gold's earnings presentation, May 2, 2025
Slide 1: New Feasibility Study Targeting Positioning Mt Todd as a Leading Development Opportunity
NYSE American | TSX VGZ June 2025 NEW FEASIBILITY STUDY TARGETING POSITIONING MT TODD AS A LOWER INITIAL CAPEX LEADING DEVELOPMENT HIGHER RESERVE GRADE OPPORTUNITY 150-200 KOZ GOLD PER YEAR
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 to optimize and advance Vista’s core asset, our experience and knowledge of the Australian mining industry and positive change forecasts and targets. This presentation
Slide 3: Vista Gold Corp.
VISTA GOLD CORP. Building value on the strengths of the Mt Todd gold project CAPITAL MARKETS Profile Permitted, ready-to-build with significant existing infrastructure Tight Capital Structure With No Debt Key Drivers for 2025 Growth of gold resources from 2024 drilling program Symbol (NYSE American
Slide 4: Advancing New Mt Todd Feasibility Study
ADVANCING NEW MT TODD FEASIBLITY STUDY Targeting 5.2 mtpa Operation with Lower Initial Capex and Higher Reserve Grade $400 Million 1 g Au/t 15 ktpd 150 – 200 koz Mid-2025 Initial Capex Reserve Grade Ore Average Annual Anticipated Throughput Gold Production Completion Completion of 15 ktpd Feasibilit
Slide 5: Brownfield Project with Excellent Infrastructure
Brownfield Project with EXCELLENT INFRASTRUCTURE EXISTING INFRASTRUCTURE REDUCES Development Risk Tailings Storage Fresh Water SHORTENS Timeline Facility Reservoir DRIVES Capital Costs Lower Batman Pit Plant Site Paved roads from the Stuart Highway Waste Rock to the plant site (~10 km) Dump Natural
Slide 6: Decreasing Major Gold Discoveries
DECREASING MAJOR GOLD DISCOVERIES Ready-to-build projects like Mt Todd are positioned as valuable assets in an environment of decreasing major gold discoveries Scarcity of new discoveries will drive greater focus on optimizing existing projects and acquiring advanced stage projects Benefits of ready
Slide 7: A Strong and Rising Gold Price Environment
A STRONG and RISING GOLD PRICE ENVIRONMENT MT TODD We expect continued strength in the gold price For every US$100 increase DEMONSTRATES Vista and its shareholders will be major in gold price, the project NPV5% ROBUST PROJECT beneficiaries of a strong gold market and rising increases by approximatel
Slide 8: Committed to Sustainable and Socially Responsible Development
Committed to SUSTAINABLE AND SOCIALLY RESPONSIBLE Development ENVIRONMENTAL SOCIAL Transparent environmental management programs with Mt Todd team has achieved 1,275 consecutive days online site water management data without a lost-time incident (as of 5/10/25) Successful treatment and discharge of
Slide 9: District-scale Exploration Potential
District-scale EXPLORATION POTENTIAL 1,581 km2 contiguous exploration licenses Largely unexplored, host to known occurrences of precious and base metals Highly prospective for new discoveries Prior drilling within boundaries of mining licenses Identified four promising targets on the 24-km Batman- D
Slide 10: 2024 Drilling Program Encounters High Grade Intercepts
2024 DRILLING PROGRAM ENCOUNTERS HIGH GRADE INTERCEPTS Phase 1 drill hole locations Phase 2 drill hole locations VB24-001 VB24-022 57.5 m @1.17 g Au/t from 142 m 1.0 m @ 25.89 g Au/t from 106.0 m VB24-005 VB24-014 39.0 m @ 0.90 g Au/t from 170.0 m 0.5 m @ 50.5 g Au/t from 111.7m VB24-008 VB24 - 016
Slide 11: Positioning Mt Todd as a Leading Development Opportunity
Positioning MT TODD as a LEADING DEVELOPMENT OPPORTUNITY Mt Todd is a large, high-quality gold deposit in one of the most attractive mining jurisdictions in the world Key Drivers for 2025 Growth of gold resources from 2024 drilling program New Feasibility Study by mid-2025 focused on ▪ 15 ktpd proje
Slide 12: 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 13: Appendix
APPENDIX
Slide 14: 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 15: 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 Committee Chair HS
Slide 16: Mt Todd 2024 Updated Feasibility Study Summary
Mt Todd 2024 Updated FEASIBILITY STUDY1 SUMMARY Proven and probable reserves Economics reflect Q1 2024 costs including recent 6.98 million ounces of gold 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 17: Mt Todd Gold Project
MT TODD GOLD PROJECT Large Scale, Permitted and Ready-to-Build with Demonstrated Feasibility1 7.8 Moz 1.6 Moz 7.0 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 Mining friendly jurisdiction of Northern Territory,
Slide 18: 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 19: 15 ktpd FS Preliminary Flowsheet
15 ktpd FS PRELIMINARY FLOWSHEET 19
Slide 20: NYSE American & TSX: VGZ
NYSE AMERICAN & TSX: VGZ www.vistagold.com