Vista Gold Corp · AMEX:VGZ
Vista Gold — Technical Presentation (February 2022)
23 slides from Vista Gold's technical presentation, February 2022
Slide 1: The Mt Todd Gold Project Feasibility Study
Feasibility Study Presentation | February 2022 NYSE American | TSX: VGZ The Mt Todd Gold Project Feasibility Study Delivering 7 Moz over 16 Years
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 differ materially from those described in forward-looking statements and forward-looking information, there may be other factors change forecasts and targets. This p
Slide 3: A Message from Vista Gold's President and CEO
A MESSAGE FROM VISTA GOLD’S PRESIDENT AND CEO Thank you for your interest in Vista Gold and for investing your time to review this presentation. Completing the Mt Todd feasibility study with the exceptional potential it demonstrates is among the most important milestones we have achieved in bringing
Slide 4: World-Class Development Stage Opportunity in Australia
WORLD-CLASS DEVELOPMENT STAGE OPPORTUNITY IN AUSTRALIA Feasibility Study Complete All Key Operating and Environmental Permits Approved Exceptional Scale 7 Moz gold reserve1 LOM average gold production of 395,000 oz/year 16-year mine life and multiple targets for extension Robust Economics $1,800 spo
Slide 5: 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 6: Mt Todd 2022 FS Summary
MT TODD 2022 FS 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 (1) Throughput (M tpa) 17.75 17.75 17.75 (2) Gold Grade (g Au/t) 1.01 0.72 0.84 Gold Recovery (%) 92.2% 9
Slide 7: Increase in Proven and Probable Reserves
Increase in Proven and Probable Reserves Mineable Reserves – up from 5.85 million to 6.98 million ounces No change to the mineral resource estimates Slight change in the gold price used to develop the ultimate pit from $1,000 to $1,125 per ounce. Given the current gold price environment, this is sti
Slide 8: Gold Production Profile – 7 Moz Payable Gold
GOLD PRODUCTION PROFILE – 7 Moz PAYABLE GOLD Existing and prospective exploration targets to improve gold production and further FRESH WATER extend mine RESERVOIR life TAILINGS STORAGE FACILITY BATMAN PIT PLANT SITE HEAP LEACH PAD WASTE ROCK DUMP WATER RETENTION POND NYSE American and TSX: VGZ | www
Slide 9: Mt Todd Site Layout and Ultimate Pit
MT TODD SITE LAYOUT AND ULTIMATE PIT TSF 2 FRESH WATER RESERVOIR TAILINGS STORAGE FACILITY BATMAN PIT TSF 1 HEAP LEACH PAD PLANT SITE Plant Site Waste Rock WASTE ROCK Dump DUMP Pit WATER RETENTION POND NYSE American and TSX: VGZ | www.vistagold.com 8
Slide 10: Process Plant
PROCESS PLANT Operational flexibility designed into circuit - crushers (gyratory, cones and HPGRs) are next size larger than manufacturer recommendation Ore sorting reduces feed to grinding circuit by 10% with less than 1% gold loss 2-stage grinding circuit produces final product of 80% passing 40 m
Slide 11: 3rd Party Power Generation
3RD PARTY POWER GENERATION Trade-off study assessed the potential advantages of a 3rd party owner/operator for the power plant The study identified a number of highly-credentialled, well-capitalized power generating companies who provide on-site power solutions 3rd party power generation insulates t
Slide 12: Gold Sales vs Cash Operating Costs
GOLD SALES VS CASH OPERATING COSTS FRESH WATER RESERVOIR BATMAN PIT PLANT SITE HEAP LEACH PAD WASTE ROCK DUMP WATER RETENTION POND NYSE American and TSX: VGZ | www.vistagold.com 11
Slide 13: After-Tax Cashflow
AFTER-TAX CASHFLOW FRESH WATER RESERVOIR PLANT SITE HEAP LEACH PAD WASTE ROCK DUMP WATER RETENTION POND NYSE American and TSX: VGZ | www.vistagold.com 12
Slide 14: Mt Todd 2022 FS NPV 5% & IRR Sensitivity
MT TODD 2022 FS 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 transitory increases
Slide 15: Opportunities for Adding Value
OPPORTUNITIES FOR ADDING VALUE Conversion of inferred resources within the current ultimate pit (presently counted as waste) could extend the life of the project The Batman deposit demonstrates modest increases in gold grades with depth and the deposit is open at depth - a significant increase in th
Slide 16: Mt Todd Differentiators
MT TODD DIFFERENTIATORS Tier 1 mining jurisdiction in Northern Territory, Australia Climate and geography well suited to productive, year-round operations 100 meters above sea level and no freezing temperatures All major permits for construction and operation of the mine are approved FRESH WATER Env
Slide 17: Globally Competitive AISC
GLOBALLY COMPETITIVE AISC Mt Todd LOM AISC expected to be lower than Junior and Intermediate Peer Median 1 Junior Producer Peers FRESH WATER RESERVOIR BATMAN PIT PLANT SITE HEAP LEACH PAD Intermediate Producer Peers WASTE ROCK DUMP WATER RETENTION POND 1 Vista Gold Years 1 - 7 Source: Bloomberg, Com
Slide 18: Why Invest in Vista Gold
WHY INVEST IN VISTA GOLD Undervalued with Path to Value Realization Feasibility Study delivers 7 million ounce gold reserve1 Compelling economics over 16-year mine life Resilience to current inflationary trends Safe and Friendly Mining Jurisdiction of Northern Territory, Australia (NT) Fully permitt
Slide 19: Appendices
Appendices NYSE American and TSX: VGZ | www.vistagold.com 18
Slide 20: Appendix 1: Mt Todd Resource Estimates
Appendix 1: MT TODD RESOURCE ESTIMATES Mt Todd Gold Project- Mineral Resources Batman Deposit Heap Leach Pad Quigleys Deposit Total Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Ounces Ounces Ounces Ounces (000s) (g/t) (000s) (000s) (g/t) (000s) (000s) (
Slide 21: Appendix 2: Mt Todd Reserve Estimates
Appendix 2: MT TODD RESERVE ESTIMATES Mt Todd Gold Project - Mineral Reserves - 50,000 tpd, 0.35g Au/t cutoff and US$1,125 per ounce LG Pit Batman Deposit Heap Leach Pad Total P&P Contained Contained Contained Grade Tonnes Grade Tonnes Grade Tonnes (000) Ounces Ounces Ounces (g/t) (000) (g/t) (000)
Slide 22: Appendix 3: Operating Cost Summary
Appendix 3: OPERATING COST SUMMARY 50,000 tpd Project Years 1-7 Years 8-14 Life of Mine Cost Per tonne Per tonne Per tonne Operating Cost Per ounce Per ounce processed processed FRESH WATER processed Per ounce RESERVOIR Mining $ 8.52 $ 315.97 $ 6.14 $ 323.60 $ 6.79 $ 301.55 Processing $ 9.39 $ 348.2
Slide 23: Appendix 4: Capital Cost Summary
Appendix 4: Capital Cost Summary Initial Capital Sustaining Capital Capital Expenditures 50,000 tpd Project ($ millions) ($ millions) Mining $ 81 $ 531 Process Plant $ 474 $ 28 Project Services $ 56 $ 89 Project Infrastructure $ 45 $ 8 Site Establishment & Early Works $ 24 $ - Management, Engineerin