Summary of Vista Gold (VGZ) Conference Call - August 21, 2025 Company Overview - **Company**: Vista Gold Corp - **Ticker Symbols**: VGZ (NYSE American), VGZ (TSX) - **Project**: Mt Todd Gold Project located in Northern Territory, Australia Key Points and Arguments 1. **Development Strategy Shift**: The company announced a feasibility study indicating a shift from a large-scale operation of 50,000 tons per day to a smaller scale of 15,000 tons per day, resulting in a 59% reduction in initial capital costs [4][11][32] 2. **Increased Average Grade**: The average grade of the deposit increased from 0.77 grams per ton to 1.04 grams per ton due to prioritizing grade over tons [6][11] 3. **Production Estimates**: Average production is projected at 153,000 ounces of gold per year over the first fifteen years, with a total resource of 10.6 million ounces and proven and probable reserves of 5.2 million ounces [7][13] 4. **Economic Metrics**: - Initial capital investment estimated at $425 million - Net present value (NPV) at a gold price of $2,500 is $1.1 billion, with an internal rate of return (IRR) of 27.8% - At a gold price of $3,300, NPV increases to $2.2 billion and IRR to nearly 45% [7][11] 5. **All-in Sustaining Costs**: Estimated at just under $14.50 per ounce, positioning the project competitively among Australian peers [8][24] 6. **Project Life Extension**: The life of the mine has increased from 16 years to 30 years due to the smaller scale design [6] 7. **Workforce Strategy**: The project will utilize a fly-in, fly-out workforce, with 90% of the workforce expected to be sourced this way in the early years [5][10] 8. **Permitting Timeline**: The company expects to complete necessary modifications to authorizations for the smaller operation within 12 to 18 months [21] 9. **Cash Position**: As of the second quarter, the company had $13.2 million in cash, with a burn rate of approximately $1.5 to $1.7 million per quarter, providing nearly two years of runway [40] 10. **Potential for Expansion**: The project design allows for future expansion, with options to increase throughput based on market conditions [12][43] Additional Important Information - **Consultants and Engineering**: The project has engaged Australian-based consultants with significant experience in similar projects, enhancing the credibility of cost estimates and project execution [17][18] - **Market Positioning**: The company aims to attract attention from potential joint venture partners and investors, with several confidentiality agreements already signed [34][44] - **Investment Opportunity**: The company believes there is a significant opportunity for a rerating in value, with potential increases in market cap based on successful project execution and favorable gold prices [30][31] - **Water Rights**: The company has secured water rights through a freshwater storage reservoir, essential for project operations [39] This summary encapsulates the critical insights and developments discussed during the conference call, highlighting the strategic direction and financial outlook of Vista Gold Corp.

Magnetic Resources (MAU) 2025 Conference August 05, 2025 11:45 PM ET Speaker0Thank you Nick. Our final presenter for this session is George Sakelidis, the Managing Director of Magnetic Resources. George is an exploration geophysicist with over thirty five years industry experience. His career has included extensive gold, diamond, base metals and mineral sands exploration. He's worked tirelessly building the gold assets of the company since February 2016 and has also been involved in numerous other significa ...

For personal use only Magnetic Resources Diggers and Dealers Presentation 30 July 2025 Disclaimer The information contained in this presentation has been prepared by Magnetic Resources NL ("MAU" or "Company"). This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securities in MAU. This presentation has been made available for information purposes only and does not constitute a prospectus, short form prospectus, prof ...