Vista holds the Mt Todd gold project, a ready-to-build 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 a disciplined and efficient manner that positions the project for development and delivers greater value to its shareholders.
Mt Todd offers development optionality 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 material project costs in 2024 demonstrating strong economics for development of a 50,000 tonnes per day (“tpd”), nominally 17.5 million tonnes per annum, operation.
In December 2024, Vista launched a new feasibility study for the Mt Todd project, aiming to increase the reserve grade to 1 gram gold per tonne by applying a higher cut-off grade. The study also targets a 60% reduction in initial capex to $400 million, while maintaining average annual gold production of 150,000 to 200,000 ounces from a daily ore throughput of 15,000 tonnes. By using contract mining, third-party power generation, and construction practices commonly used in Australia, Vista believes there is opportunity to maintain high capital efficiency at this project scale.
The new feasibility study will leverage prior technical studies and the work completed for the 50,000 tonne per day feasibility study, preserve the potential for future expansion, and demonstrate the opportunity for Mt Todd to deliver attractive economic returns. Completion of this feasibility study is expected mid-2025.
The Company expects continued strength in the gold price and believes that ready-to-build projects like Mt Todd are especially attractive development opportunities in the current environment of a strong gold market and diminishing major deposit discoveries.
