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Mineral Properties
 6 Months Ended
Jun. 30, 2023
Mineral Properties  
Mineral Properties

3. Mineral Properties

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Mt Todd, Northern Territory, Australia

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The capitalized mineral property values are as follows:

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At June 30, 2023

    

At December 31, 2022

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Mt Todd, Australia

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$

2,146

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$

2,146

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Vista acquired Mt Todd in March 2006. The purchase price and related transaction costs of $2,146 were capitalized as mineral properties. Since 2006, the Company has systematically advanced the Project through exploration, metallurgical testing, engineering, environmental/operational permitting activities, and ongoing site management activities. Costs associated with these and other related activities were charged to expense as incurred. See Note 7 for a discussion of commitments and contingencies associated with Mt Todd.

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Awak Mas, Sulawesi, Indonesia

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Vista held a net smelter return royalty (“NSR”) on the Awak Mas project in Indonesia (“Awak Mas”). The holder of the Awak Mas NSR made the final $2,500 payment to cancel the NSR on January 28, 2022. The Company recognized a gain of $2,883 for this final payment, which included recognition of $383 that was carried as deferred option gain as of December 31, 2021. With this final payment, the Company has no remaining royalty interest in Awak Mas.