Vista holds the Mt Todd gold project, a shovel-ready development-stage gold deposit located in the Tier-1 jurisdiction of Northern Territory, Australia.
Vista is building value on the strengths of Mt Todd and positioning the project as a leading development opportunity within the gold sector. The Company’s strategy is to advance Mt Todd in ways that efficiently position the project for development, while exercising the discipline necessary to best realize value at the right time. Vista believes its strategy of advancing Mt Todd with discipline will deliver a more fully valued project to its shareholders.
Mt Todd offers strategic optionality through development as a large or mid-scale project and has all major operating and environmental permits necessary to initiate development. A feasibility study for Mt Todd was completed in 2022 with updated project costs in 2024 demonstrating strong economics for development of a 50,000 tonnes per day (50 “ktpd”), nominally 17.5 million tonnes per annum (17.5 “mtpa”), operation.
In view of the substantial investment required to develop Mt Todd as a large-scale project, Vista completed an internal scoping study in 2023 for a 15 ktpd operation, nominally 5.2 mtpa. A project of this scale offers the potential to provide shareholders with lower exposure to financing, development and operating risks.
Later in 2024, Vista plans to start a feasibility study targeting throughput in the range of 4 – 6 mtpa, with 150,000 to 200,000 ounces of annual gold production, an initial capital cost of less than $400 million, and a reserve grade of approximately 1 gram gold per tonne. The feasibility study will leverage the extensive work completed for the 50 ktpd feasibility study, preserve the potential for future expansion and is expected to be completed by mid-2025.
The Company expects continued strength in the gold price and believes that shovel-ready projects like Mt Todd are especially attractive development opportunities in the current environment of a strong gold market, diminishing major deposit discoveries, and depleting gold reserves.
