VGZ – Mount Todd Mine Development – Northern Territory - Project Profile

VGZ – Mount Todd Mine Development – Northern Territory - Project Profile

  • February 2018 •
  • 7 pages •
  • Report ID: 4892693
Synopsis
"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.

The "VGZ – Mount Todd Mine Development – Northern Territory - Project Profile" is part of Timetric’s database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary
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.

In January 2018, VGZ received approval from Australian Commonwealth Department of Environment and Energy.

PROTEUS EPCM Engineersand POWER Engineers Inc were appointed as Consulting Engineer.

Construction works are scheduled to commence in 2018 with completion by 2020.

Scope
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 facilities

Reasons To Buy
• Gain insight into the project.
• Monitor the latest project developments.
• Identify key project contacts.
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Country=Australia Industry=Construction ParentIndustry=HeavyIndustry Date=201802 Publisher=Timetric Price=1000