Mount Todd Project Combined Annual Report GR087 for the period ended 14 March 2017

Abstract

EL's 29882, 29886, 28321 and EL 30898 are situated approximately 40 km east of the town of Pine Creek. This annual report documents the work completed on the licences for the period from 15 March 2016 to 14 March 2017. EL's 29882 and 29886 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 compilation and preparation for a comprehensive geophysical review, pegging and initial work on EL 30898 and follow-up drilling at Wandie after consulting with Grant Osborne of GEOSBORNE. Continued budgetary limitations, resulted in only 1 diamond hole being completed at Wandie, this also intersecting significant Cu mineralisation with coincident minor Au, giving the Cu mineralisation of +1% with a dip continuity of over 100m.