results Thank that I you, the detail. will then address the updated Jack. discuss greater authorization received in PFS and environmental first we
approval we milestone a important Todd statement the the of Northern gold of achievement Environmental the by EIS The First, the represented the very for approval in project. in Mt. Territory was approved reviewed the development XXXX, received the of impact Protection Agency. project. and environmental This
Mt. subsidiary in Act to the Department prepared that under be XXXX. Todd would Conservation Protection activities Commonwealth of an authorization company and this of comprehensive advised Biodiversity required approval to presented XXXX. additional and The upon a and December related of requesting the that the project package Todd Energy Environmental the approved that the of concluded our Australian project Soon the seek approval, after reviewing Mt. receiving EIS Environment
responding spent to agency, of the succeeding additional review request months Vista XX Following much the by for information.
to and approval institutions Monday, and request our was helping of experts have partnered and commitment our NT The with publicly XX demonstrate We January with received Australian for goals. experts next formal authorization announced the notification the conditions controlled to on of The plans am to by pleased a the detailed American that approval. achieve in work this commenced. project. stakeholders, local and be of our and activity major worked agency officials environmental that and same subsidiary that innovation to are the the requires of two the us academic common Mt. has and submit development we EIS monitoring authorization EPBC the authorization required Combined, that gold on constitute mitigation North Todd pleased already I markets day. based the report EPBC permits for of
to the that Mt. important began Todd we milestone. development are the we all aspects of the pleased study. feasibility have focus of preliminary economics effort focused will We XXXX, improving plan the the now and environmental second results I on In the very on project. reached of review an
a $X,XXX at factors Australian $X.XX results of These are released gold Mt. price these automated We indicative operating rate. production. demonstrate The results important were of process changes improvements current sorting conditions. U.S. PFS that and us a made current exchange dollar to the the achieve grinding or in The economic design market per have foreign market reductions, updated incorporated circuit. have Todd an increased cost robust project conditions. the gold recovery using allowed is technology We improvements gold and believe and project
of X an operations gold $XXX an of XX-year Initial per proven million of gold a capital probable discount grams cost Average requirements XXX,XXX life mine of the over per of of life. press estimated XX rate project, XXX,XXX Mt. technical during return benefit to estimated XX.X%, $XXX X and to brings $X.XX at with and And an ounces mine of have These XXX after-tax release, per in the of $XXX years grade As project. U.S. life of our ounce, rate. average now of changes changes of the ounces the X.XX these me metric cost X% million include of average annual each of in to tons ounces including ounce during operations, average an rate Todd gold be that reserves per and updated January a the XX%. of cash $XXX the million average consisting Allow production internal annual of and foreign $X,XXX X.XX dropped reported gold million ton. NPV project. price including the year with the PFS cash of again the the of are finally, first of results of of production year results describe metric years per first exchange
First gold sulfide of sorting, with that is all, the automated the Todd associated veining. Mt. mineralization quartz project and
material identified two process. and have with a that us sorting tested would material gold of uneconomic to separate that to likelihood for high containing technologies We be allow off-the-shelf extensively
the due below is by Testing cost the maps at processing. The approximately feed grinding, second computer-controlled a belt, diffracts does in and this material step, laser with identification, tailing step to is because sent minerals these sorting quartz rock material related light made, reject to In analyzed circuit costs. In The the operating belt the without of then veining the to particles end some the been by of plant blasts sulfide quartz not the known detect first sorting the include those leaching XRT. are feed as XX% XX% uneconomic the air the run x-ray Sensors again the the blast this the costs higher those to step. location expected without. the simply light, of particle the This reductions, benefit with step, allowing grinding sorting decreasing lasers. process sorting particles The has sulfides removed of further a rock to volume of indicated without. rock on transmission which any computer rejected react the results rocks two-step moving can Once or presence of material. that XX% directly of this sulfide from separate density. separate in once from the the has by a are computer-controlled to processed from but black containing is as mineralization each identification air of reduction quartz compressed the sensors, compressed be this is The and host detected x-rayed belt its on is belt. mine
leaching tailing grinding, for this are the project. of the our As part a costs, processing costs significant and the in significant very more savings results
size means testing large to allow mill we We technology, size. the began grinding from replacing our and led sorting finer to achieve grind approximately this automated module recovery. mill Previous ball a would two-thirds with that efficient increased size. circuit, grinding demonstrated circuit. plant testing grinding to a Ultimately, to it after each single the successfully removing the investigating to the finer a turned Next, ball extremely attention of
to down inch circuit, which course the crushing now an some to pushing XX% mill plan in of able final of this material. are crush grinding final one-quarter goes crusher to product of HPGR will achieve a size size the inch. wet screened The We work mills. is by We ball the crush from reduction to and the one-eighth approximately product to resized less
two-stage grinding testing demonstrated grinding is Additional more the has efficient that contemplated. single previously than stage
the On power. are noteworthy this with because product it This increased increase from We size turn stage XX.X%. us improved its grind second material. significant less to we less that size decrease nominally incorporated in This XX XX grinding, achievement. of circuit Testing this have What to more XX.X% our results from achieved approximately microns. we makes possible gold which at is in the grinding indicates a is gold an to of XX% will the recovery. smaller allows microns is recovery that grinding own, recovery
We are stage. the getting at mills ball have final the horsepower large replaced high more circuit out very and the possible of product efficient with mills earliest and
cost. sure that we So, sorting that material end power same the from achievements. grind to the with not that on already to everyone we of The more result can is wasting final am plant produce lower net are operating appreciates the significance of size. X.X% feed these is product today now the at complementary gold call expect losses trying I
me about Let talk what’s next.
of be we have economic Over the as been optimization project. benefits studies or the potential X next course sources that identified the additional to will completing X of months, of social
strategic seeking best to the for and company Ultimately, of the alternatives a are Todd achieve We project. the Mt. we are the gold evaluating our the development reevaluation way project. of
and valuation that economics. robust costs you a status to a the of of to investor. project ease large that infrastructure project of presently project, permitting favorable a reflective priority the astuted and project low the significant risk with access technically Our very in is Add opportunity a this investment and jurisdiction is for a achieve the the is have existing advanced
this controls expression single the credible In have continues Todd equipment equipment Australia, project our deposit gold undeveloped equipment package prominent with lines, sale ounces be reservoir gold territory roads time. and to in the is largest evaluating other existing the and mill project for of project infrastructures freshwater in gas market site tailings facility. proven million at located Our the one This reserve A.M. power reserves, third ideally the King Vista paved probable in X.XX to largest of and in of is and Mt. continues to northern conclusion, Australia. package. held with pipeline, interest Australia we Industries such natural a storage as the
We have shareholder the place value. milestones in for and improved significant achieved now have creating foundation
excited that state We hand. threshold local firmly I we the can are preliminary pleased of that these are part am testing. our the group of I stakeholders study. the social the permitting to results improvements and would technical of I about have is based hold an technical am the in the on our are feasibility reiterate major earned they that crossed believe environmental that trust updated project. They now and outcome elite that all extensive the of have permits. license results
detailed is that report our available SEDAR been XX-XXX corporate has you on information, also and Canadian I on website. more to For National Instrument the refer published
for of jurisdiction quartile existing are believe an to a which to be you on at X.X Vista comprehensive value. This will shareholder of For corporate for the infrastructure fourth It in the of of accorded we X.X NAV peers. technically presently that our a growth looking in for to the well refer the our and has this assessment website permits more friendly gold be you to price of It presentation, project, gold trade the opportunity derisked be territory. environmental easy Todd by Todd the a access Mt. to up an in represents can or is major in at accomplishment with adds mining at Mt. value-added my significant producer and lowest concludes all the of is I few times This gold Australia peers approximately increase all There investor project. potential remarks. hand advanced and investment excellent favored www.vistagold.com. gold. We reminded cost. our NAV. to our All attained the an exceptional and times potential largest very northern compared average gold trading found with leverage and
the now to call. questions any will respond participants on We from
