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 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 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 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 Mt Todd feasibility study that aims to increase the reserve grade to 1 gram gold per tonne using a higher cut-off grade and reduce the initial capex by 60% to $400 million while achieving average annual gold production ranging from 150,000 to 200,000 ounces from 15,000 tpd day ore throughput. Completion of this feasibility study is expected in 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, diminishing major deposit discoveries, and depleting gold reserves.
