Vista Gold Corp · AMEX:VGZ
Vista Gold — Investor Presentation (March 2025)
21 slides from Vista Gold's investor presentation, March 2025
Slide 1: New Feasibility Study Targeting Lower Initial Capex, Higher Reserve Grade
NYSE American | TSX VGZ March 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 asset, our experience and knowledge of the Australian mining industry and positive changes to current economic may change forecasts and targets. This presentation should be
Slide 3: Vista Gold Corp. and Capital Markets Profile
VISTA GOLD CORP. Building value on the strengths of the Mt Todd gold CAPITAL MARKETS Profile project Permitted, ready to build with significant infrastructure Tight Capital Structure With No Debt Technical and financial strength demonstrated through feasibility study of a large-scale development pla
Slide 4: Advancing Mt Todd Feasibility Study
ADVANCING 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 Feasibility St
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 is driving 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 1,194 consecutive days web-based reporting without a lost-time incident (as of 2/19/25) Successful treatment and discharge of over 11M cubic
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 promising targets Potential to add 1.8 – 3.5
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 Feasibility Study expected to be completed mid-2025, targeting: Initial capex of $400 million Reserve grade of 1 g Au/t Production of
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 STUDY 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 cut
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: 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 21: NYSE American & TSX: VGZ
NYSE AMERICAN & TSX: VGZ www.vistagold.com