Vista Gold Corp · AMEX:VGZ
Vista Gold — Investor Presentation (October 2021)
26 slides from Vista Gold's investor presentation, October 2021
Slide 1: Building Shareholder Value with Australia's Largest Undeveloped Gold Project
Corporate Presentation | October 2021 NYSE American | TSX: VGZ BUILDING SHAREHOLDER VALUE WITH AUSTRALIA’S LARGEST UNDEVELOPED GOLD PROJECT
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. results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors Securitie
Slide 3: World-Class Gold Project, Clear Path to Value Realization
WORLD-CLASS GOLD PROJECT CLEAR PATH TO VALUE REALIZATION Tier 1 Mining De-Risked and Jurisdiction Partner Ready Near-term Drivers Definitive Feasibility Study presents significant Mt Todd opportunity to Reserves: 5.85M Development oz Au Leverage to Increase reserves Strategy to Years 1 – 5 Rising Go
Slide 4: 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 WATER RETENTION POND Ongoing Drilling Exploration Program NYSE American and TSX: VGZ | www.vistagold.com 3
Slide 5: Capital Markets Profile
CAPITAL MARKETS PROFILE Tight Capital Structure with No Debt Analyst Coverage Symbol (NYSE American & TSX) VGZ H.C. Wainwright & Co. Heiko F. Ihle Share Price (October 25, 2021) US$0.77 Cantor Fitzgerald Mike Kozak Shares Outstanding1 117.2M Alliance Global Partners Jacob Sekelsky Market Capitalizat
Slide 6: Mt Todd – Positioned to be Australia's 4th Large Gold Mine
MT TODD – POSITIONED TO BE AUSTRALIA’S 4TH LARGE GOLD MINE Tier 1 Mining Leverage to Rising Demonstrating Jurisdiction Gold Prices Upside Globally ranked in top 20 for investment For every US$100/oz increase in Au price Ongoing exploration drilling attractiveness and best mineral practices1 Vista’s
Slide 7: 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 Resources and Reserves M&I Resources 7.82 Moz Reserves 5.85 Moz Inferred Resources 1.60 M
Slide 8: Brownfield Project with Excellent Infrastructure
BROWNFIELD PROJECT WITH EXCELLENT INFRASTRUCTURE All Major Permits Definitive Feasibility Study Approved Engineering Nearing Completion Existing Infrastructure Shortens Development Timeline and Reduces Development Costs Paved roads from the Stuart Highway to the plant site Natural gas pipeline to si
Slide 9: Environmental and Social Stewardship
ENVIRONMENTAL AND SOCIAL STEWARDSHIP Commitment to Building on our Environmental Best Obtained All Major Strong Social License Practices Permits Approved to Operate Vista has a track record of improving September 2014: Environmental Impact Aligned with the community of Katherine environmental condit
Slide 10: 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 91.9% Extensive metallurgical Enhanced project design testing since 2007 using proven technologies Addressed key issue
Slide 11: Amended 2019 PFS Results
AMENDED 2019 PFS RESULTS Years 1-5 LOM (13 Years) LEVERAGE TO RISING GOLD PRICES LOM Ore (M tonnes) – 221 Throughput (tonnes/day) 50,000 50,000 US$200M increase in NPV5% for every Average Grade (g/t Au) 0.96 0.82 US$100/oz increase in gold price Strip Ratio (waste:ore) 2.65 2.52 After-Tax NPV5% Grow
Slide 12: Definitive Feasibility Study
DEFINITIVE FEASIBILITY STUDY Expected Outcomes Definitive Feasibility Study engineering nearing completion Optimizing mine plan using a gold price more reflective of the current market price to • Increase reserves • Improve economics • Extend mine life Completing remaining engineering in process pla
Slide 13: Exploration Opportunity
EXPLORATION OPPORTUNITY District Exploration Potential 1,501 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 14: Exploring Southern End of a 24 km Trend
EXPLORING SOUTHERN END OF A 24 KM TREND Future Resource Expansion Potential A large structural trend with many known gold occurrences Positive drill results in first 6,000 meters of drilling Mineralization in all 18 holes to date Current exploration drill program expanded to include an additional 3,
Slide 15: Partner Ready – Culmination of Strategic Development Process
PARTNER READY – CULMINATION OF STRATEGIC DEVELOPMENT PROCESS Exploration Drilling - 3x Growth in Resources Met Testing - Met Testing 81.7% Recovery Engineering & Design Process Review & Optimization Metallurgical Testing - Gold Recovery 91.9% PFS FS 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Slide 16: P/NAV Comparison
P/NAV Comparison Opportunity to Invest in Vista Gold at Low Valuation P/NAV1,2 Vs. Peer Group Source: Bloomberg, Company Financials and Reports, Analyst Estimates 1) Market data as of 21 October 2021 2) Analyst NAV Estimates NYSE American and TSX: VGZ | www.vistagold.com 15
Slide 17: Vista Gold – Well Positioned for Value Creation
VISTA GOLD – WELL POSITIONED FOR VALUE CREATION DEVELOPMENT STATEGY STRENGTH OF ASSET EXECUTION Focuses on Value Creation Drives the Vision Maximizes Valuation Achieve a valuation reflective of Tier-1 mining jurisdiction Completion of Definitive Feasibility the size, location and stage of 5.85 milli
Slide 18: NYSE American | TSX: VGZ www.vistagold.com
NYSE American | TSX: VGZ 17 www.vistagold.com
Slide 19: 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 20: 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 21: Mt Todd – Potential World-Class Gold Mine
MT TODD – POTENTIAL WORLD-CLASS GOLD MINE 4 Estimated Mt Todd Production & AISC vs. Australian Gold Mine 2020 Production & AISC Positioned to be the 4th largest Australian gold mine with lowest tertile in-country and global AISC1,2,3 2020 AISC (AUD/oz) Source: S&P Global; Company Reports 2020 GOLD P
Slide 22: Sensitivity Table
SENSITIVITY TABLE Australia’s Largest Undeveloped Gold Project Notes: 1) NPV5% is in US$ millions. 2) IRR and NPV5% are reported on after-tax basis. NYSE American and TSX: VGZ | www.vistagold.com 21
Slide 23: 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 24: 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 25: 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 26: 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