Vendetta Announces Non-Brokered Private Placement and Corporate Updates
Original announcement by tmx on
- Company
- Vendetta Mining Corp.
- Ticker
- VTT
- Exchange
- TSX
- Region
- Australia
- Primary commodity
- Lead
- Secondary commodities
- Zinc, Silver
- Document categories
- Resource update, Capital raise, Other
- Extracted
- 2026-09-13 07:02:19 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Vendetta Mining Corp. announced a non-brokered private placement of up to 16,000,000 shares for $800,000 to fund the Pegmont Lead-Zinc project. The release also provides a summary of the historical Pegmont Mineral Resource Estimate and updates on recent drilling activities.
Reasoning: The document combines a new capital raise with a restatement of a historical mineral resource estimate and a drilling update.
Positive factors
- capital raise of $800,000 to advance Pegmont project
- completion of drilling program at Pegmont and Killer Bore
Negative factors
- resource data is historical (effective 2018)
- drilling at Pegmont was suspended
Facts used in scoring: 7
Classification and evidence
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: A significant portion of the Pegmont resource is in the Inferred category.
Evidence · text
“Inferred 8,277 Kt @ 5.1% Pb”
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The Mineral Resource Estimate provided is effective as of July 2018, which is more than 2 years old.
Evidence · text
“has an effective date of 31 July 2018”
Extracted facts
Stored fact records: 6. Some facts used in scoring do not have a stored record.
Resource Estimates (6)
indicatedPegmont · leadTonnes: 5758000Grade: 6.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pegmont
- Commodity
- lead
- Region
- australia
- Reported Region
- Australia
- Ticker
- VTT
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- Resource group id
- resource:def8c444c75abdebafb5
- Deposit or zone
- Pegmont
Resource Data
- Category
- indicated
- Tonnes
- 5758000
- Grade
- 6.5
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-07-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-07-31T00:00:00.000Z
Dates
- Event date
- 2022-11-03T00:00:00.000Z
Reasoning: Indicated resource component of the historical Pegmont estimate.
Positive factors
- high grade lead
Negative factors
- historical data (2018)
Evidence · text
“Indicated 5,758 Kt @ 6.5% Pb”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.3 years before this release
indicatedPegmont · zincTonnes: 5758000Grade: 2.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pegmont
- Commodity
- zinc
- Region
- australia
- Reported Region
- Australia
- Ticker
- VTT
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- Resource group id
- resource:def8c444c75abdebafb5
- Deposit or zone
- Pegmont
Resource Data
- Category
- indicated
- Tonnes
- 5758000
- Grade
- 2.6
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-07-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-07-31T00:00:00.000Z
Dates
- Event date
- 2022-11-03T00:00:00.000Z
Reasoning: Indicated resource component of the historical Pegmont estimate.
Negative factors
- historical data (2018)
Evidence · text
“2.6% Zn”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.3 years before this release
indicatedPegmont · silverTonnes: 5758000Grade: 11Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pegmont
- Commodity
- silver
- Region
- australia
- Reported Region
- Australia
- Ticker
- VTT
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- Resource group id
- resource:def8c444c75abdebafb5
- Deposit or zone
- Pegmont
Resource Data
- Category
- indicated
- Tonnes
- 5758000
- Grade
- 11
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2018-07-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-07-31T00:00:00.000Z
Dates
- Event date
- 2022-11-03T00:00:00.000Z
Reasoning: Indicated resource component of the historical Pegmont estimate.
Negative factors
- historical data (2018)
Evidence · text
“11 g/t Ag”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.3 years before this release
inferredPegmont · leadTonnes: 8277000Grade: 5.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pegmont
- Commodity
- lead
- Region
- australia
- Reported Region
- Australia
- Ticker
- VTT
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- Resource group id
- resource:5bdc0a000dc3a7548cbe
- Deposit or zone
- Pegmont
Resource Data
- Category
- inferred
- Tonnes
- 8277000
- Grade
- 5.1
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-07-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-07-31T00:00:00.000Z
Dates
- Event date
- 2022-11-03T00:00:00.000Z
Reasoning: Inferred resource component of the historical Pegmont estimate.
Negative factors
- historical data (2018)
- inferred category
Evidence · text
“Inferred 8,277 Kt @ 5.1% Pb”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.3 years before this release
inferredPegmont · zincTonnes: 8277000Grade: 2.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pegmont
- Commodity
- zinc
- Region
- australia
- Reported Region
- Australia
- Ticker
- VTT
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- Resource group id
- resource:5bdc0a000dc3a7548cbe
- Deposit or zone
- Pegmont
Resource Data
- Category
- inferred
- Tonnes
- 8277000
- Grade
- 2.8
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-07-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-07-31T00:00:00.000Z
Dates
- Event date
- 2022-11-03T00:00:00.000Z
Reasoning: Inferred resource component of the historical Pegmont estimate.
Negative factors
- historical data (2018)
- inferred category
Evidence · text
“2.8% Zn”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.3 years before this release
inferredPegmont · silverTonnes: 8277000Grade: 8Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pegmont
- Commodity
- silver
- Region
- australia
- Reported Region
- Australia
- Ticker
- VTT
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- Resource group id
- resource:5bdc0a000dc3a7548cbe
- Deposit or zone
- Pegmont
Resource Data
- Category
- inferred
- Tonnes
- 8277000
- Grade
- 8
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2018-07-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-07-31T00:00:00.000Z
Dates
- Event date
- 2022-11-03T00:00:00.000Z
Reasoning: Inferred resource component of the historical Pegmont estimate.
Negative factors
- historical data (2018)
- inferred category
Evidence · text
“8 g/t Ag”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.3 years before this release
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.