Vista Gold Corp · AMEX:VGZ
Vista Gold — Investor Presentation (November 2022)
27 slides from Vista Gold's investor presentation, November 2022
Slide 1: Corporate Presentation | November 2022
Corporate Presentation | November 2022 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 looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Except as required change forecasts and targets. Thi
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: Strategic Process
STRATEGIC PROCESS APPOINTMENT OF CIBC PROCESS UPDATE MARKET CONDITIONS Strategic Advisor Value Creation Equity Market Volatility Appointed CIBC Capital Markets as Interest from a broad range of Uncertainty in the market has strategic advisor March 2022 prospective parties, including high- resulted i
Slide 5: Mt Todd – Well Advanced and De-Risked
MT TODD – WELL ADVANCED AND DE-RISKED Partner Ready Project FRESH WATER RESERVOIR TAILINGS STORAGE FACILITY BATMAN PIT PLANT SITE HEAP LEACH PAD WASTE ROCK DUMP 1. Amendment in process to align with the increased scale of the 2022 Feasibility Study. Drilling Exploration Program Completed Q1 2022 4 N
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 Gold 16.9% Share Price (November 9, 2022) US$0.62 Euro Pacific Gold Fund 5.0% Shares Outstanding1 118.1M Loews Corp. 2.9% Market Capitalization US$73
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 Significant Existing Demonstrating Jurisdiction Infrastructure Upside Safe and friendly mining jurisdiction $130 million in-place infrastructure Exploration targets with potential Globally ranked top 20 for investment Exc
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 BATMAN site PIT PLANT Adjacent natural gas pipeline for future power SITE generation WASTE Connection to the NT electr
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 2022 Feasibility Study
MT TODD 2022 FEASIBILITY STUDY 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 inflationa
Slide 13: Mt Todd 2022 Feasibility Study Summary
MT TODD 2022 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 Throughput (M tpa) (1) 17.75 17.75 17.75 Gold Grade (g Au/t) (2) 1.01 0.72 0.84 Gold Recov
Slide 14: Exploration Opportunity
EXPLORATION OPPORTUNITY District Exploration Potential 1,650 km2 contiguous exploration licenses Exploration licenses remain largely unexplored Advanced Targets Quigleys: potential higher-grade satellite deposit Golf-Tollis: potential larger, higher-grade deposit Wandie: IOCG – drill targets to foll
Slide 15: Exploration Complete Along Southern End of a 24 km Trend
EXPLORATION COMPLETE ALONG SOUTHERN END OF A 24 KM TREND Future Resource Expansion Potential A large structural trend with many known gold occurrences Exploration drilling program completed Q1 2022 Positive drill results in 8,887 meters of drilling Mineralization in all 26 holes Successfully identif
Slide 16: Partner Ready – Culmination of Strategic Development Process
PARTNER READY – CULMINATION OF STRATEGIC DEVELOPMENT PROCESS 15 NYSE American and TSX: VGZ | www.vistagold.com
Slide 17: P/NAV Comparison
P/NAV Comparison Vista Gold Trades at a Discount Relative to Advanced Developer Peers Source: Bloomberg, Company Financials and Reports, Analyst Estimates 1) Market data as of 9 September 2022 16 2) Analyst NAV Estimates NYSE American and TSX: VGZ | www.vistagold.com
Slide 18: Vista Gold – Well Positioned for Value Creation
VISTA GOLD – WELL POSITIONED FOR VALUE CREATION STATEGIC PROCESS STRENGTH OF ASSET EXECUTION Focuses on Value Creation Drives the Vision Maximizes Valuation Seek partner or other transaction to Tier-1 mining jurisdiction Continue discussions with interested maximize shareholder value 6.98 million ou
Slide 19: NYSE American | TSX: VGZ www.vistagold.com
NYSE American | TSX: VGZ 18 www.vistagold.com
Slide 20: 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 21: 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 22: 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 23: Detailed Flowsheet
DETAILED FLOWSHEET Australia’s Largest Undeveloped Gold Project 22 NYSE American and TSX: VGZ | www.vistagold.com
Slide 24: Mt Todd 2022 Feasibility Study NPV5% & 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 25: 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 26: 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 27: 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