The Mt Todd mine site is located approximately 50 km north of Katherine and 250 km south of Darwin. The site covers a mine tenement of more than 140,000 ha, which includes both the Batman and Quigleys gold deposits.
The site was acquired by Vista Gold and its wholly owned subsidiary Vista Gold Australia in 2006.
Currently not in production, Vista Gold is working with the authorities to obtain the necessary permits for the mine prior to making a final investment decision on the project.
A favourable investment decision could lead to a two-year construction phase employing approximately 450 people with an ongoing workforce of 350 during operations.
Vista Gold announced estimated mineral resources for the Mt Todd Gold Project on May 29, 2013 in the Mt Todd Gold Project Preliminary Feasibility Study (Batman Deposit and Heap Leach Pad) and on February 26, 2014 (update for the Quigleys Deposit) as follows: