Northern Territory, Australia
Vista’s 100% owned Mt Todd gold project is positioned to be Australia’s fourth largest gold producer on an annual basis, with lowest tertile in-country and global all-in sustaining costs. Located approximately 250 kilometers southeast of Darwin in Northern Territory, Australia, Mt Todd contains measured and indicated gold resources totaling more than 7.8 million ounces with significant deposit and district exploration expansion potential. The 2019 preliminary feasibility study reported 5.85 million ounces of proven and probable reserves (221 million tonnes with an average grade of 0.82 g Au/t). Vista is completing a Definitive Feasibility Study for Mt Todd that is expected to be completed in early 2022 and result in a larger reserve and longer mine life.
Mt Todd is partner ready. Vista has eliminated most of the project development risk by receiving the approvals for all major environmental permits and the Mine Management Plan (operating permit), completing advanced metallurgical testing and optimization work and an updated 2019 Prefeasibility Study, and now undertaking a Definitive Feasibility Study.
Mt Todd is a “brownfield development” project with significant existing infrastructure (with current replacement value of approximately $130 million) including: paved access from the major transportation corridor, a natural gas pipeline to site for future power generation, medium-tension power lines for present power needs, a fresh water reservoir, tailings impoundment facility, and readily available labor and technical personnel. These factors, coupled with the scale, attractive location and anticipated production/cost profile of the project, place Mt Todd on a short list of one of the most attractive, well-advanced development-stage gold projects in the world.