Exploration Licences Mount Todd Project Northern Territory Australia Combined Annual Report for the period ended 14 March 2016

Abstract

This annual report documents the work completed on the licences for the period from 15 March 2015 to 14 March 2016. The EL's as they stand are the result of a consolidation and spilt of EL 25576, EL 25670, EL 25668 and EL 25669 which occurred on the 16 September 2013. Vista Gold Australia Pty Ltd. is the sole operator and manager of the exploration work. Work on the exploration licenses entailed drilling at Wandie and Snowdrop. Despite continued budgetary limitations, 3 diamond holes were completed at Wandie intersecting significant Cu mineralisation with coincident minor Au. 3 diamond holes were also drilled at the Snowdrop prospect with all holes intersecting low-grade Au anomalism.