Project Overview
The Mt Todd gold project, owned by Vista Gold is one of the largest undeveloped gold resources in Australia, and it’s located approximately 50 km north of Katherine and 250 km south of Darwin, Australia. The project includes the Batman and Quigley’s gold deposits.
The Mt Todd project is situated within the southeastern portion of the Early Proterozoic Pine Creek Geosyncline. Meta-sediments, granitoids, basic intrusives, acid and intermediate volcanic rocks occur within this geological province. Deposit geology consists of a sequence of hornfelsed interbedded greywackes, and shales with minor thin beds of felsic tuff.
A variety of mineralization styles occur within the project area. Of greatest known economic significance are auriferous quartz-sulfide vein systems. Tin occurs in a north-northwest trending corridor and comprises cassiterite, quartz, tourmaline, kaolin, and hematite bearing assemblages, which occur as bedding parallel to breccia zones and pipes. Polymetallic gold, tungsten, molybdenum and copper mineralization occurs in quartz-greisen veins within the Yinberrie Leucogranite; a late stage highly fractionated phase of the Cullen Batholith.
In 2023, Vista announced that work on an internal scoping study for development of Mt Todd at a smaller initial scale delivered promising results. The Company evaluated the technical and economic merits of smaller-scale alternatives that contemplate significantly lower initial capital costs while preserving the opportunity for subsequent staged development.
Vista Gold granted Wheaton a 1% royalty on gross revenue from the sale or disposition of minerals from the project.
Stream Details
| Date of Contract |
23 -Dec-14 |
| Royalty Terms |
Life of Mine |
| Royalty Parameters |
1.0% gross revenue |
| Upfront Consideration |
$20 million |
For more information on the Mt Todd project, please visit: www.vistagold.com (opens in new tab)