VGZ – Mount Todd Mine Development – Northern Territory - Project Profile
"VGZ – Mount Todd Mine Development – Northern Territory - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Vista Gold Corp. (VGZ) is undertaking the development of a gold mine in Florina, Northern Territory, Australia.
The project involves the construction, development, and operation of a surface open-pit gold ore mine and associated infrastructure with a production capacity of 16.5MTPA of ore.
The project includes the construction of an administration building, a truck shop, a warehouse building and storage facilities, processing facilities, a fuel and lube facility, haul roads and other related facilities.
On March 1, 2006, VGZ purchased the proposed site, and the acquisition was completed on June 16, 2006.
In August 2006, Gustavson Associates, LLC (Gustavson) was commissioned by VGZ to prepare a Canadian National Instrument 43-101 (NI43-101) compliant Preliminary Economic Assessment Report on the project.
On June 26, 2006, an initial NI43-101 Technical Report was completed.
In November 2007, Tetra Tech, Inc. (TT) was commissioned by VGZ to prepare an updated Canadian National Instrument 43-101 (NI43-101) compliant Technical Report on the project.
On December 29, 2007, a Preliminary Economic Assessment (PEA) report was completed.
On MAY 29, 2013, VGZ announced the positive results of a preliminary feasibility study for the project.
In November 2013, VGZ submitted final Environmental Impact Statement.
In June 2014, the Northern Territory Environment Protection Authority released its final assessment report for the project.
In September 2014, VGZ received Environmental Impact Statement (EIS) approval for the project.
On May 2, 2016, VGZ announced its unaudited financial results for the first quarter ended March 31, 2016.
On October 26, 2016, VGZ announced its unaudited financial results for the third quarter ended September 30, 2016.
On November 28, 2016, VGZ announced the results of process area optimization studies.
Feasibility study activities are underway. Subject to the necessary approvals, construction works are scheduled to commence in 2018 with completion by 2020.
The Shine Hematite project involves the development of an gold mine with a production capacity of 16.5MTPA of ore in Florina, Northern Territory, Australia.
The US$1,050 million project includes the following:
1. Construction of an administration building
2. Construction of a truck shop
3. Construction of a warehouse building
4. Construction of storage facilities
5. Construction of processing facilities
6. Construction of a fuel and lube facility
7. Construction of haul roads
8. Construction of other related facilitiesReasons To Buy