Heiko Ihle

- Vista Gold Corp. **filed feasibility study technical reports** for its Mt Todd gold project, located in the Northern Territory, Australia.  **[783324_41c86439a6454ef1ab577d5525fa1fae_0]** 
- The reports, an **S-K 1300 Report** and an **NI 43-101 Report**, were filed on **September 11, 2025**, with an effective date of **July 29, 2025**.  **[783324_41c86439a6454ef1ab577d5525fa1fae_0]** 
- These filings confirm **strong economics** for the Project based on the re-sized **15 ktpd operation**.  **[783324_41c86439a6454ef1ab577d5525fa1fae_0]**

Vista Gold Corp. Files Mt Todd Gold Project Technical Reports

- Vista Gold Corp. (VGZ) has released a new feasibility study for its Mt Todd Gold Project in the Northern Territory, Australia, effective **July 29, 2025**, detailing a **15 ktpd** (kilotonnes per day) operation.  **[783324_0000783324-25-000051_vgz-20250911x8k.htm:1]** **[783324_0000783324-25-000051_vgz-20250911x8k.htm:5]** 
- The study projects an initial capital cost of **$425 million**, representing a **59% reduction** compared to the company's previous 2024 feasibility study for a 50 ktpd case.  **[783324_0000783324-25-000051_vgz-20250911x8k.htm:5]** 
- The Mt Todd Gold Project has estimated Proven and Probable Mineral Reserves of **5.2 million ounces of gold** at **0.94 g Au/t**.  **[783324_0000783324-25-000051_vgz-20250911x8k.htm:5]** **[783324_0000783324-25-000051_vgz-20250911x8k.htm:9]** 
- Key economic highlights from the study, based on a gold price of **$2,500/oz**, include an after-tax NPV 5% of **$1.1 billion** and an IRR of **27.8%**.  **[783324_0000783324-25-000051_vgz-20250911x8k.htm:5]** 
- Average annual gold production is estimated at **153,000 ounces** for the first 15 years, with an All-in Sustaining Cost (AISC) of **$1,449 per ounce** for the same period.  **[783324_0000783324-25-000051_vgz-20250911x8k.htm:5]**

VISTA GOLD (VGZ)