Vista Gold Corp · AMEX:VGZ
Vista Gold — Investor Presentation (October 2020)
23 slides from Vista Gold's investor presentation, October 2020
Slide 1: Mt Todd Gold Project
VISTA GOLD CORP. Mt Todd Gold Project Partner Ready Australia’s Largest Undeveloped Gold Project October 2020 NYSE AMERICAN & TSX: VGZ
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT This presentation contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws. All statements, other th
Slide 3: Vista Gold Capital Structure
VISTA GOLD CAPITAL STRUCTURE Corporate Information Symbol (NYSE American & TSX) VGZ 1 Recent Share Price $1.05 Market Capitalization $107.8 2 Shares Outstanding 102.7 3 Cash and Government Securities $10.2 3 Working Capital (no debt) $9.9 Major Shareholders Environmental water testing. Sun Valley Go
Slide 4: Why Vista Gold?
WHY VISTA GOLD? Strong Partner-Ready Advanced Low-Cost, Correlation to and Large-Scale, Gold Price De-risked In Australia • High share price • Amended 2019 PFS: • Extensive metallurgical • Northern Territory leverage to the - Improved gold recovery testing & optimization ranked 23rd in mining gold p
Slide 5: Company Strategy
COMPANY STRATEGY CONTINUE TO DE-RISK COMMUNICATE ENGAGE IN DISCUSSIONS THE MT TODD PROJECT INHERENT VALUE OF MT WITH POTENTIAL STRATEGIC TODD PROJECT DEVELOPMENT PARTNERS VISTA GOLD CORP. NYSE AMERICAN & TSX: VGZ 5
Slide 6: Leverage to Gold Price
LEVERAGE TO GOLD PRICE November 13, 2018 through October 27, 2020. VISTA GOLD CORP. NYSE AMERICAN & TSX: VGZ 6
Slide 7: Mt Todd
MT TODD Fresh Water Tailings Storage Reservoir Facility Batman Pit Plant Site Heap Leach Pad Waste Rock Dump Water Retention Pond VISTA GOLD CORP. NYSE AMERICAN & TSX: VGZ 7
Slide 8: Amended 2019 PFS Results
AMENDED 2019 PFS RESULTS Positioned to be a Top 6 Australian Gold Producer with Lowest Quartile Production Costs1,2,3 Avg. annual production of 495,100 oz (Yrs 1-5) AISC of US$688/oz (Yrs 1-5) After-tax IRR – 23.4% After-tax NPV5 – $823 million Notes: 1. Based on Vista’s Amended 2019 PFS res
Slide 9: Amended 2019 PFS Results
AMENDED 2019 PFS RESULTS Major Changes from the 2018 PFS Gold price Foreign exchange rate Reduced grind size from 60 to 40 microns Increased recovery FLS VXP mills have replaced the ISAMills Inclusion of a 24-month construction period, followed by 6-month commissioning and startup Techni
Slide 10: Strong Leverage to Higher Gold Prices
STRONG LEVERAGE TO HIGHER GOLD PRICES Australian gold assets outperform in the current gold price environment US$ gold prices complemented by Australian Dollar exchange rate (~65% of costs in AUD) With improved gold recoveries, current gold price and FX rate, NPV5 and IRR improved significantly
Slide 11: Peer Comparables
PEER COMPARABLES Mt Todd Advantages Proven and Probable Gold Reserves Ounces per Share Moz o/s 5.85 million oz Proven & Probable Reserves1 9.0 0.07 8.0 413,400 oz avg. annual production 7.0 0.06 0.05 Capital efficient and long lived 6.0 5.0 0.04 All material environmental permits 4.0 0.03 ap
Slide 12: Significant Exploration Upside
SIGNIFICANT EXPLORATION UPSIDE Direct Exploration Potential 1,100 Km2 Contiguous Exploration License (EL) Vista has focused on Mt Todd – EL Land position is Cullen Australis Trend under-explored Golden Eye Advanced Targets Quigleys (resource defined, see slide 18 “Mt Todd Burrell Reserves and
Slide 13: Key Exploration Opportunities – Batman-Driffield Trend
KEY EXPLORATION OPPORTUNITIES – BATMAN-DRIFFIELD TREND Advanced Exploration Target with Near-Term Potential Batman-Driffield Trend on MLs Batman-Driffield Trend represents additional potential in the shovel-ready Batman deposit B B Batman deposit resources: Measured and Indicated (“M&I”) – 7.8 m
Slide 14: Key Takeaways
KEY TAKEAWAYS Vista’s Mt Todd gold project is an exceptional asset Large-scale, long-lived project with low operating costs Brownfields re-development located in a Tier 1 mining jurisdiction All major environmental permits in hand 1,100 Km2 highly prospective, under-explored land package Pro
Slide 15: Management Team
MANAGEMENT TEAM Frederick H. Earnest – President & CEO, Director CEO since January 2012, senior officer of Vista since 2006, 30+ years industry experience (corporate management, mine operations & turn arounds, new project engineering and construction). Douglas L. Tobler – Chief Financial Officer
Slide 16: Additional Information
VISTA GOLD Additional Information fresh water reservoir spillway VISTA GOLD CORP. NYSE AMERICAN & TSX: VGZ 16
Slide 17: Experienced Board
EXPERIENCED BOARD Randy Eppler Managing Director at Capstone Headwaters, LLC, a private middle market investment bank. Director of Golden Minerals and Plata Latina Minerals Corp. Former VP Corporate Development for Newmont. Deborah J. Friedman (Governance Committee Chair) Senior of Counsel, Davi
Slide 18: Mt Todd Reserves and Resources
MT TODD RESERVES AND RESOURCES Mt Todd Gold Project Reserves, Base Case (50,000 tpd) 0.40 g Au/t cut-off. Reserves calculated at $1,350 per ounce gold price. Batman Deposit Heap Leach Deposit Quigleys Deposit Total Contained Contained Contained Contained Tonnes Grade Tonnes Grade Tonnes Grade Tonnes
Slide 19: Sensitivity Analysis
SENSITIVITY ANALYSIS Foreign Gold Price (US$) Exchange 800 1,000 1,200 1,300 1,350 (US$/AUD) IRR (%) NPV(5) IRR (%) NPV(5) IRR (%) NPV(5) IRR (%) NPV(5) IRR (%) NPV(5) 0.60 (1.3) (265) 12.1 290 21.6 687 26.3 895 28.4 994 0.65 (4.7) (410) 9.8 206 19.2 604 23.7 807 25.8 911 0.70 (7.9) (552) 6.4 61 16.
Slide 20: Advanced and De-risked
ADVANCED AND DE-RISKED Vista’s efforts have resulted in major project enhancements Optimized Mt Todd Process Flowsheet Additional Information fresh water reservoir spillway VISTA GOLD CORP. NYSE AMERICAN & TSX: VGZ 20
Slide 21: Proven Technology
PROVEN TECHNOLOGY Ore Sorting Sorting No. of Units Sorter Belt Sorted Particle Throughput/Unit Method Commodity Country Installed Width (m) Size (mm) (tonnes/hr) XRT Tin Peru 1 1.2 14 x 22 31 1 1.2 22 x 32 48 XRT Phosphate Saudi Arabia 4 2.4 9 x 25 105 3 2.4 25 x 57 210 XRT Limestone USA 2 1.2 9 x 2
Slide 22: Non-Core Assets
NON-CORE ASSETS 1 Nusantara Resources Limited 1,333,334 common shares Nusantara Resources Limited (formerly One Asia Resources) is developing the Awak Mas gold project in Indonesia. Vista Gold holds a 1.0% net smelter return royalty (“NSR”) on the first 1.25 million ounces of gold produced and
Slide 23: 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 September 10, 2019, issued date October 7, 2019, amended date September 22, 2020 which was prepared under the supervision Rex Bryan