Vista Gold Corp · AMEX:VGZ
Vista Gold — Investor Presentation (May 2022)
26 slides from Vista Gold's investor presentation, May 2022
Slide 1: Building Shareholder Value with Australia's Largest Undeveloped Gold Project
Corporate Presentation | May 2022 NYSE American | TSX: VGZ BUILDING SHAREHOLDER VALUE WITH AUSTRALIA’S LARGEST UNDEVELOPED GOLD PROJECT
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: World-Class Gold Project, Clear Path to Value
WORLD-CLASS GOLD PROJECT CLEAR PATH TO VALUE REALIZATION Tier 1 Mining De-Risked and Jurisdiction Development Ready Drivers 2022 Feasibility Study Mt Todd Increased reserves Development Reserves: 6.98M oz Au Leverage to Extended mine life Strategy to Years 1 – 7 Rising Gold Evaluating Development In
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 Gold Focused Institutional Tight Capital Structure with No Debt Holders & Insiders Symbol (NYSE American & TSX) VGZ Sun Valley Gold 16.9% Share Price (April 29, 2022) US$0.87 Euro Pacific Gold Fund 4.3% Shares Outstanding1 118.0M Loews Corp. 2.9% Market Capitalization US$102.
Slide 6: 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 Ongoing exploration drilling Globally ranked top 20 for investment Excellent
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 7.87 Moz (includes reserves) Reserves 6.98 Moz Infer
Slide 8: Brownfield Project with Excellent Infrastructure
BROWNFIELD PROJECT WITH EXCELLENT INFRASTRUCTURE All Major Permits Feasibility Study Complete Approved Existing Infrastructure Shortens Development Timeline and Reduces TAILINGS Development Costs STORAGE BATMAN FACILITY PIT PLANT Paved roads from the Stuart Highway to the plant site SITE Natural gas
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 91.6% Extensive metallurgical Enhanced project design testing since 2007 using proven technologies Addressed key issue
Slide 11: 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 12: 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 Throughput (M tpa) (1) 17.75 17.75 17.75 Gold Grade (g Au/t) (2) 1.01 0.72 0.84 Gold Recovery (%) 92.2% 9
Slide 13: 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 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 Feasibility Study completed the size, location and stage of 6.98 million ounces
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 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 22: Detailed Flowsheet
DETAILED FLOWSHEET Australia’s Largest Undeveloped Gold Project NYSE American and TSX: VGZ | www.vistagold.com 21
Slide 23: Mt Todd 2022 FS NPV5% & 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 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