Vista Gold Corp · AMEX:VGZ
Vista Gold — Investor Presentation (March 2021)
28 slides from Vista Gold's investor presentation, March 2021
Slide 1: Corporate Presentation | March 2021
Corporate Presentation | March 2021
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. uncertainty as to the results of bulk metallurgical test work; and uncertainty as to completion of critical milestones for Mt Todd; as well as Securi
Slide 3: Capital Markets Profile
CAPITAL MARKETS PROFILE Capital Structure Share Price and Volume (Last 12 Months) Symbol (NYSE American & TSX) VGZ Share Price (February 24, 2021) US$1.01 Shares Outstanding1 103.2M Market Capitalization US$104.2M Cash and Short-Term Investments2 US$8.2M Debt Nil Major Shareholders Analyst Coverage
Slide 4: Advancing Australia's Largest Undeveloped Gold Project
ADVANCING AUSTRALIA’S LARGEST UNDEVELOPED GOLD PROJECT Tier 1 Mining Future World-Class Tremendous Jurisdiction Mine Upside Globally ranked in top 20 for investment Significant reserve base: Unparalleled leverage to gold: attractiveness and best mineral practices1 5.8M oz of gold2 +US$1.1B NPV5% at
Slide 5: Brownfield Project with Excellent Infrastructure
BROWNFIELD PROJECT WITH EXCELLENT INFRASTRUCTURE 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 Existing infrastructure key to future development Paved roads from the Stu
Slide 6: Mt Todd – Well Advanced and Shovel Ready
MT TODD – WELL ADVANCED AND SHOVEL READY Environmental Permits Majority of Engineering Favorable Development Approved at Feasibility Levels Schedule FRESH WATER 495K oz Au/year TAILINGS STORAGE RESERVOIR over the first 5 years FACILITY BATMAN PIT PLANT SITE HEAP LEACH PAD 5.85M oz 7.82M oz P&P Reser
Slide 7: Environment, Government and Social Approvals
ENVIRONMENT, GOVERNMENT AND SOCIAL APPROVALS Commitment to Building on our Environmental Best Obtained All Major Strong Social License Practices Environmental Approvals to Operate Vista has a track record of improving September 2014: Environmental Impact Worked successfully with the community of env
Slide 8: Optimized Flowsheet Efficiency with Proven Technology
OPTIMIZED FLOWSHEET EFFICIENCY WITH PROVEN TECHNOLOGY Proven technologies for an optimized, Optimized Mt Todd 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 9: Amended 2019 PFS Results
AMENDED 2019 PFS RESULTS Years 1-5 LOM (13 Years) Amended 2019 PFS LOM Ore (M tonnes) – 221 Metallurgical optimization work Throughput (tonnes/day) 50,000 50,000 Redesign of the fine grinding circuit Average Grade (g/t Au) 0.96 0.82 Changes to the construction and ramp-up plan Strip Ratio (waste:ore
Slide 10: Substantial Leverage to Gold Price
SUBSTANTIAL LEVERAGE TO GOLD PRICE US$200M increase in NPV5% for every US$100/oz increase in gold price After-Tax NPV5% Growth (in US$ millions) Amended 2019 PFS Incorporated Increase Depreciation in gold price of Australian dollar Reduced grind 7% Increase size from 60 to in LOM gold 40 microns pro
Slide 11: Mt Todd – Potential World-Class Gold Mine
MT TODD – POTENTIAL WORLD-CLASS GOLD MINE Est. Mt Todd Average Production & AISC vs. Australian Gold Mine 2019 Production & AISC4 2,000 Telfer Positioned to be the 6th Largest Australian Gold Mine with lowest quartile AISCs1,2,3 Boddington 2019 AISC (AUD/oz) 1,500 Kalgoorlie Tropicana Tanami 1,000 M
Slide 12: Mt Todd – World Class Production Profile
MT TODD – WORLD CLASS PRODUCTION PROFILE 495,000 ounces of gold average annual production years 1-5 450 400 LOM Average Annual Production1 LOM Annual Production (000 oz Au) 350 300 250 200 150 100 50 0 Source: company reports. Includes undeveloped gold projects located in Australia, Canada, U.S. Ire
Slide 13: Advanced Exploration Target with Near-Term Potential
ADVANCED EXPLORATION TARGET WITH NEAR-TERM POTENTIAL Exploring 5.4 km of a 24 km long trend to demonstrate district potential A large gold system with many known Limited, shallow (less than 100 m) drilling the occurrences Batman deposit Drilling now to confirm continuity of gold Most historic drilli
Slide 14: Significant Exploration Upside
SIGNIFICANT EXPLORATION UPSIDE District Exploration Potential Cullen Australis Trend 1,537 km2 contiguous exploration licenses Exploration licenses remain largely unexplored Golden Eye Burrell Creek Formation Wandie Advanced Targets Quigleys: potential higher-grade satellite deposit Quigleys Extensi
Slide 15: Ongoing Drill Program
ONGOING DRILL PROGRAM Hole 1 (VB20-001) complete Confirmed vertical continuity in mineralized zone adjacent to Batman Deposit with potential connection to the Golf-Tollis structure Holes 2-5 (VB20-002, 003, 004 and 005) drilling and assays complete Confirmed extension of Batman core zone Holes 6-8 d
Slide 16: Current Initiatives and Upcoming Catalysts
CURRENT INITIATIVES AND UPCOMING CATALYSTS Mine Operating Permit Water Management All independent assessments and requests Program for additional information have been Water levels reduced substantially since submitted to the Northern Territory Division 2014 of Mines Batman pit expected to be effect
Slide 17: Vista – The Stock to Own in This New Gold Bull Market
VISTA – THE STOCK TO OWN IN THIS NEW GOLD BULL MARKET Vista Gold – Leverage to Gold Price WORKING ON DESIGN As of February 24, 2021. 16
Slide 18: Compelling Valuation
COMPELLING VALUATION $256 EV/Resource Ounce of Advanced Stage Gold Developers $218 with >1M oz AuEq of Resources (US$/oz AuEq)1 Trading at an 83% discount to the peer group average $141 $115 $108 $84 $79 $75 $67 $64 $63 $63 $59 $57 $57 Average = $64 $52 $38 $36 $34 $29 $27 $24 $23 $20 $18 $14 $11 $1
Slide 19: Why Invest in Vista?
WHY INVEST IN VISTA? Highly Social and Compelling Environmental Value Approvals Many upcoming catalysts to drive future share performance Final approval of the Mine Management Plan Australia’s Tremendous Tier 1 Mining Leverage to Results from ongoing Largest Jurisdiction Rising Gold drill program Un
Slide 20: Vista Gold Strategy
VISTA GOLD STRATEGY STRENGTH OF ASSET EXECUTION VISION Drives the Vision Maximizes Shareholder Value Create greater value for Tier-1 mining jurisdiction Further de-risk and add value shareholders 5.85 million ounces1 P&P reserves Approval of the MMP Achieve a valuation reflective of Average annual p
Slide 21: Appendix
APPENDIX 20
Slide 22: 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 23: Effective Corporate Governance
EFFECTIVE CORPORATE GOVERNANCE John Clark Tom Ogryzlo Compensation Committee Chair HSE&SR Committee Chair President of Investment and HSE&SR Committee Chair Technical Management Corp. and Part-time Interim CEO and Director former CFO Polaris Geothermal Inc. of Camrova Resources Inc. (formerly Direct
Slide 24: Sensitivity Table
SENSITIVITY TABLE Australia’s Largest Undeveloped Gold Project 23
Slide 25: 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 26: 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 27: 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 28: 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