Report to: V G C . ISTA OLD ORP 7961 Shaffer Parkway, Suite 5, Littleton, CO 80127 Phone: (720-981-1185) NI 43-101 Technical Report – Mt. Todd Gold Project 50,000 tpd Preliminary Feasibility Study Northern Territory, Australia Appendix D Process Design Criteria for Processing 50,000 tpd PROJECT NO. 114-311285 DATE: JUNE 2013 PREPARED BY: ALS/ASMMTEC 350 Indiana Street, Suite 500, Golden, CO 80401 Phone: 303-217-5700 Fax: 303-217-5705 Metallurgical Testwork conducted upon Gold Ore Samples from the Mt Todd Project Feasibility Study for Vista Gold Australia Pty Ltd Report No. A13575 Part 1 May 2012 The results contained in this report relate only to the sample(s) submitted for testing. ALS Ammtec accepts no responsibility for the representativeness of the sample(s) submitted. Report No. A13575 Part 1 TABLE OF CONTENTS PAGE NO. SUMMARY (i) 1. INTRODUCTION 1 2. THE SAMPLES 3 3. SAMPLE PREPARATION 4 3.1 Procedure 4 3.1.1 Mt Todd Near-Surface Gold Ore Composite (Figures 1A and 1AA) 4 3.1.2 Mt Todd Deep U/G Gold Ore Composite (Figures 1B and 1BB) 4 3.1.3 Mt Todd Variability Gold Ore Drill Core material (Figure 1C) 4 3.1.4 Bond Master Composite (Figure 1D) 4 3.1.5 MHT001 Master Composite (Figure 1E) 5 3.1.6 MHT004 Master Composite (Figure 1F) 5 3.1.7 MHT001 Master Composite Polysius HPGR Product (Figure 1G) 5 3.1.8 MHT004 Master Composite Polysius HPGR Product (Figure 1H) 5 3.1.9 MHT001 Plant Feed Master Composite (Figure 2) 5 3.1.10 Mt Todd Feed (Overall) Master Composite (Figure 2A and 2C) 5 3.1.11 Mt Todd Plant Feed Overall Master Composite (Figure 2B) 5 3.1.12 Mt Todd Master Composite (ex-A13575) (Figures 2D, 2E and 2F) 6 3.1.13 Variability Composite 79 (VB11 003 519-535m) (Figure 2E) 6 3.1.14 Mt Todd Drill Core Gold Ore Variability Samples #1-99 (Figure 3) 6 3.1.15 Mt Todd Single Feed Master Composite (Figure 4) 6 3.1.16 TUNRA Waste Composite (Figure 6) 6 Report No. A13575 Part 1 TABLE OF CONTENTS (Cont’d) PAGE NO. 3.1.17 Mt Todd Variability Composites (Figure 7) 6 3.1.18 Mt Todd Gold Ore Bulk Sample (Year 2010 Drill Core) (Figure 8) 7 3.1.19 Mt Todd Gold Ore Bulk Sample HPGR Centre Product (Figure 9) 7 3.1.20 Mt Todd Gold Ore Bulk -32 mm Conventional Crush Sample (Figure 10) 7 4. TESTWORK WATER 8 5. TEST AND ANALYTICAL PROCEDURES 8 5.1 Unconfined Compressive Strength (UCS) Determination 8 5.1.1 Test Procedure 8 5.2 Bond Impact Crushing Work Index Determination (CWi) 9 5.2.1 Test Procedure 9 5.3 SAG Mill Comminution (SMC) Testwork 10 5.3.1 Test Procedure 11 5.4 Bond Ball Mill Work Index Determination 12 5.4.1 Test Procedure 12 5.5 Grind Establishment Testwork 13 5.5.1 Test Procedure 13 5.6 Direct Cyanidation Leach Testwork 14 5.6.1 Test Procedure 14 5.7 CIL Cyanidation Leach Testwork 15 5.7.1 Test Procedure 15 5.8 Sequential Triple Contact Carbon Adsorption CIP Testwork 16 5.8.1 Test Procedure 16 5.9 Oxygen Uptake Rate Determination 17 5.9.1 Test Procedure 17 Report No. A13575 Part 1 TABLE OF CONTENTS (Cont’d) PAGE NO. 5.10 Slurry Rheology 17 5.10.1 Test Procedure 17 5.11 HPGR Testwork 18 5.11.1 Bulk Density and Moisture Determinations 18 5.11.1.1 Test Procedure 18 5.11.2 HPGR Testwork 18 5.11.2.1 Test Procedure 18 5.11.3 HPGR Feed Particle Size Distribution Determinations 19 5.11.3.1 Test Procedure 19 5.11.4 Single Pass HPGR Test Product Particle Size Distribution Determination 19 5.11.4.1 Test Procedure 19 5.12 Wet and Dry, Low Intensity Magnetic Separation (LIMS) 20 5.12.1 Test Procedure 20 5.13 Cyanide Detoxification SO /Air Method 20 2 5.13.1 Test Procedure 20 5.14 Analytical Methods 21 6. MHT001 MT TODD NEAR SURFACE GOLD ORE/MHT001 MASTER COMPOSITE 22 6.1 Comminution Testwork 22 6.1.1 Results 22 6.1.1.1 Bond Impact Crushing Work Index (CWi) Determination 22 6.1.1.2 Unconfined Compressive Strength (UCS) Testwork 22 6.2 MHT001 Master Composite Preparation 23 6.3 HPGR Product Testwork 23 6.3.1 MT001 M2.3 Centre -6.00 mm HPGR 23 6.3.1.1 Results 23 Report No. A13575 Part 1 TABLE OF CONTENTS (Cont’d) PAGE NO. 6.3.2 Bond Ball Mill Work Index Determination 24 6.3.2.1 Results 24 6.4 Extraction Testwork 25 6.4.1 Analysis of Head Sample 25 6.4.1.1 Results 25 6.4.2 Grind Establishment Testwork 26 6.4.2.1 Grind Times 26 6.4.3 HPGR and Conventional Crushed Sample Extraction Testwork 26 6.4.3.1 Results 26 6.4.3.2 Comments 27 7. MHT004 MT TODD DEEP U/G GOLD ORE/ MHT004 MASTER COMPOSITE TESTWORK 28 7.1 Comminution Testwork 28 7.1.1 Bond Impact Crushing Work Index (CWi) Determination 28 7.1.1.1 Results 28 7.1.2 Unconfined Compressive Strength (UCS) Testwork 29 7.1.2.1 Results 29 7.2 MHT004 Master Composite Preparation 30 7.3 HPGR Product Testwork 30 7.3.1 MT004 M2.3 Centre -6.00 mm HPGR 30 7.3.1.1 Results 30 7.3.2 Bond Ball Mill Work Index Determination 30 7.3.2.1 Results 30 7.4 Extraction Testwork 31 7.4.1 Analysis of Head Sample 31 7.4.1.1 Results 31 Report No. A13575 Part 1 TABLE OF CONTENTS (Cont’d) PAGE NO. 7.4.2 Grind Establishment Testwork for HPGR and Conventional Crushed Product 32 7.4.2.1 Grind Times 32 7.4.3 HPGR and Conventional Crush Extraction Testwork 32 7.4.3.1 Results 32 7.4.3.2 Comments 33 8. MT TODD VARIABILITY GOLD ORE DRILL CORE TESTWORK 34 8.1 Comminution Testwork 34 8.1.1 SMC Testwork 34 8.1.1.1 Results 34 8.1.2 Bond Ball Mill Work Index Determination 35 8.1.2.1 Results 35 8.2 Dry Low Intensity Magnetic Separation (LIMS) 36 8.3 Mineralogical Examination (MLA) 36 8.3.1 Composite #16 VB11-001 349-360 m 36 8.3.2 Composite #19 VB11-001 380-391 m 37 8.3.3 Composite #26 VB11-001 456-467 m 37 8.3.4 Composite #33 VB12–002 284–294 m 37 8.3.5 Composite #39 VB12–002 345–355 m 37 8.3.6 Composite #91 VB12–010 18.80–29.92 m 37 8.4 Analysis of Head Sample 38 8.4.1 Results 38 8.4.2 Comments 41 8.5 Extraction Testwork 42 8.5.1 CIL Cyanidation Leach Testwork - P Grind Size 125 µm 42 80 8.5.1.1 Results 42 8.5.1.2 Comments 45 Report No. A13575 Part 1 TABLE OF CONTENTS (Cont’d) PAGE NO. 8.5.2 Grind Size Optimisation CIL Cyanidation Leach Testwork - P Grind Size 90 µm 48 80 8.5.2.1 Results 48 8.5.2.2 Comments 49 8.6 Bond Ball Mill Work Index Determination – Comminution Testwork Extension 51 8.6.1 Results 51 8.6.2 Comments 54 9. BOND MASTER COMPOSITE TESTWORK 55 9.1 Results 55 9.2 Comments 55 10. MT TODD MASTER COMPOSITE/SINGLE PLANT FEED MASTER COMPOSITE 56 10.1 Comminution Testwork 56 10.1.1 Bond Ball Mill Work Index Determination 56 10.1.1.1 Results 56 10.2 Oxygen Uptake Rate Determination 57 10.2.1 Results 57 10.2.2 Comments 57 10.3 Optimisation CIL Cyanidation Leach Testwork 58 10.3.1 Analysis of Head Sample 58 10.3.1.1 Results 58 10.3.1.2 Comments 58 10.3.2 Grind Establishment Testwork 59 10.3.2.1 Grind Times 59 10.3.3 Grind Optimisation – CIL Cyanidation Testwork 59 10.3.3.1 Results 60 Report No. A13575 Part 1 TABLE OF CONTENTS (Cont’d) PAGE NO. 10.3.4 Pre-Oxygenation Stage Optimisation – CIL Cyanidation Leach Testwork 61 10.3.4.1 Results 61 10.3.4.2 Comments 61 10.4 Direct Cyanidation Leach Testwork 62 10.4.1 Air/Oxygen/No Sparge Optimisation – Direct Cyanidation Leach Testwork 62 10.4.1.1 Results 62 10.4.1.2 Comments 62 10.4.2 Cyanide Dosage Optimisation - Direct Cyanidation Testwork 63 10.4.2.1 Results 63 10.4.2.2 Comments 63 10.4.3 Pulp Density Optimisation – Direct Cyanidation Leach Testwork 64 10.4.3.1 Results 64 10.4.3.2 Comments 64 10.4.4 Direct Cyanidation Testwork with Optimum Lead Nitrate Addition 65 10.4.4.1 Results 65 10.4.4.2 Comments 65 10.5 Extraction Testwork at Pulp Density 60% Solids 66 10.5.1 Direct Cyanidation Testwork – Lime in Mill/Leach with Selected Pre-Conditioning Stage 66 10.5.1.1 Results 66 10.5.1.2 Comments 66 10.5.2 Direct Cyanidation Testwork - Lead Nitrate Addition Optimisation with Selected Pre-Conditioning Stage 67 10.5.2.1 Results 67 10.5.2.2 Comments 67 Report No. A13575 Part 1 TABLE OF CONTENTS (Cont’d) PAGE NO. 10.5.3 CIL Cyanidation Testwork at Optimum Pulp Density and Lead Nitrate Addition 100 g/t Compare – Reagent Addition Optimisation 68 10.5.3.1 Results 68 10.5.3.2 Comments 68 10.5.4 Grind Optimisation CIL Cyanidation Testwork 69 10.5.4.1 Results 69 10.5.4.2 Comments 69 10.6 Bulk Cyanidation Direct Time Leach Testwork under Optimum Leach Conditions followed by Sequential Triple Contact CIP 70 10.6.1 Results 70 10.6.2 Fleming Adsorption Constant Determination 71 10.6.2.1 Results 71 10.7 Cyanide Detoxification Testwork and Geochemical Tailings Testwork on Detoxification Products 72 10.7.1 Bulk Cyanide CIL Cyanidation Leach Testwork in Duplicate 72 10.7.1.1 Results 72 10.7.2 Cyanide Detoxification Tests using the SO /Air Process 73 2 10.7.2.1 Results 73 10.7.3 Cyanide Detoxification Product Geochemical Analysis 74 10.7.3.1 Results 74 10.8 Mixer Design Testwork – Testing (Sizing) the CIL Tank Agitator (SPX Flow Technology) 75 10.8.1 Comments 75 10.9 Thickening of Gold Cyclone Overflow Slurry Prior to Gold Leach Stage (Outotec) 76 10.9.1 Comments 76 10.10 Slurry Rheology Testwork 76
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