# Vendetta Announces Non-Brokered Private Placement and Corporate Updates Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/vendetta-announces-non-brokered-private-placement-and-corporate-updates--ad16963e-526b-4db7-8edc-eede4c49818a Original source: https://money.tmx.com/en/quote/VTT/news/6109604780787714/vendetta-announces-non-brokered-private-placement-and-corporate-updates Publisher: tmx Original announcement: 2022-11-03T16:05:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas 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 factor: capital raise of $800,000 to advance Pegmont project - Positive factor: completion of drilling program at Pegmont and Killer Bore - Negative factor: resource data is historical \(effective 2018\) - Negative factor: drilling at Pegmont was suspended Facts used in scoring: 7 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: 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 Estimate** Polarity: negative Definition: 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) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/vendetta-announces-non-brokered-private-placement-and-corporate-updates--ad16963e-526b-4db7-8edc-eede4c49818a#fact-resource-facts-1) Pegmont · lead Historical result Needs review: historical\_restatement #### 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 factor: high grade lead - Negative factor: historical data \(2018\) Evidence · text > Indicated 5,758 Kt @ 6.5% Pb #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/vendetta-announces-non-brokered-private-placement-and-corporate-updates--ad16963e-526b-4db7-8edc-eede4c49818a#fact-resource-facts-2) Pegmont · zinc Historical result Needs review: historical\_restatement #### 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 factor: historical data \(2018\) Evidence · text > 2.6% Zn #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/vendetta-announces-non-brokered-private-placement-and-corporate-updates--ad16963e-526b-4db7-8edc-eede4c49818a#fact-resource-facts-3) Pegmont · silver Historical result Needs review: historical\_restatement #### 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 factor: historical data \(2018\) Evidence · text > 11 g/t Ag #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/vendetta-announces-non-brokered-private-placement-and-corporate-updates--ad16963e-526b-4db7-8edc-eede4c49818a#fact-resource-facts-4) Pegmont · lead Historical result Needs review: historical\_restatement #### 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 factor: historical data \(2018\) - Negative factor: inferred category Evidence · text > Inferred 8,277 Kt @ 5.1% Pb #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/vendetta-announces-non-brokered-private-placement-and-corporate-updates--ad16963e-526b-4db7-8edc-eede4c49818a#fact-resource-facts-5) Pegmont · zinc Historical result Needs review: historical\_restatement #### 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 factor: historical data \(2018\) - Negative factor: inferred category Evidence · text > 2.8% Zn #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/vendetta-announces-non-brokered-private-placement-and-corporate-updates--ad16963e-526b-4db7-8edc-eede4c49818a#fact-resource-facts-6) Pegmont · silver Historical result Needs review: historical\_restatement #### 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 factor: historical data \(2018\) - Negative factor: inferred category Evidence · text > 8 g/t Ag #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: 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.