Mount Todd Gold Mine - Vista Gold

Location: Northern Territory, Australia

Project proponent: Vista Gold Corporation

Sector: Minerals and energy

Investment type: Various

Estimated total project cost: US$839 million

Investment amount sought: Variable

Project status: Proposed project

Project description

Vista Gold plans to reopen the Mount Todd Gold Mine, located approximately 55 kilometres North of Katherine, and 250 kilometres southeast of Darwin. The development includes expansion and deepening of the Batman Pit, expansion and increase in size of the waste rock dumps and the existing tailings storage facility, construct a new tailings storage facility, water treatment facility and a gas power station.

Vista plans for the operation to be community based with the workforce to be encouraged to live in Katherine. Being community based has a significant benefit in its operational cost.

The projects total proven and probable reserves 221Mt @ 0.82g/t Au using a cut-off grade of 0.4g/t Au. The measured and indicated resources total 297Mt @ 0.82g/t Au (including the proven and probable reserves).

The project has a two year build, 13 year mine life and four year decommissioning phase.

Project milestones

The proponent has all the appropriate land tenure for the project. It is currently progressing approvals to commence mining.

Environmental assessments have been completed under Northern Territory and the Australian Government legislations.

On 2 March 2018, Vista updated its Preliminary Feasibility Study. The study supported the projects feasibility. Optimisation work continues on grind size, energy usage and gold recovery, using leading edge off-the-shelf technology.

Final investment decision is expected by the end of 2019.

Map of Northern Territory showing location of Mt Todd Gold Project

Contact details

Brent Murdoch
Vista Gold Australia Pty Ltd
Level 1, 43 Cavenagh House
Cavenagh Street

GPO Box 3449
Darwin NT 0801

Phone: +61 8 8941 9105

Anne Tan
General Manager, Strategic Infrastructure and Projects
Department of Trade, Business and Innovation

Phone: +61 8 8936 4206

Disclaimer: This web page includes information provided by third parties. The information is general in nature and is for information purposes only. The Northern Territory Government makes no representation about the veracity or accuracy of information provided by third parties. You must rely on your own due diligence before proceeding. You should consider seeking independent professional advice.