Vista Gold begins feasibility study to redesign Mt Todd gold project
NYSE American- and TSX-listed Vista Gold has launched a feasibility study for its Mt Todd gold project in Australia, aiming to increase reserve grades, lower initial capital costs, and optimise production targets.
The study is focused on elevating the reserve grade to 1 g/t of gold and reducing the initial capital expenditure to $400-million. It targets average yearly gold production of between 150 000 oz and 200 000 oz, supported by a throughput of 5.2-million tonnes a year.
The study is expected to be completed by mid-2025.
“After carefully evaluating the potential benefits, we have decided to design a project with a 15 000 t/d throughput rate, nominally 5.2-million tonnes a year. We are targeting a reduction of approximately 60% in initial capital costs from the large-scale project feasibility study published earlier this year, and a significant increase in reserve grade to 1 g/t with a higher ore cut-off grade,” said Vista Gold president and CEO Frederick Earnest.
He emphasised the flexibility of the redesigned project, stating that the new plan would retain optionality for future expansion. “This is a paradigm shift and we believe this will enable us to reach our objective of raising Mt Todd to the top tier of near-term gold development opportunities,” he said.
Vista Gold has engaged GR Engineering Services to handle process area designs, capital and operating cost estimates, and project economic analysis, as well as to author the feasibility study. Mining Plus will provide mine plans, schedules, and reserve estimates, while Tetra Tech and SLR Consulting will continue work on water management, closure, permitting, environmental, and community studies. Tailings management designs and geotechnical services will be provided by Tierra Group International and WSP.
The company is also in the process of securing a contract mining cost estimate from a leading Australian mining contractor to refine project economics.
Comments
Research Reports
Latest Multimedia
Showroom
For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...
VISIT SHOWROOM
The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
