Vendetta Mining 2022 Drilling Program and Corporate Update
Original announcement by tmx on
- Company
- Vendetta Mining Corp.
- Ticker
- VTT
- Exchange
- TSX
- Region
- Queensland, Australia
- Primary commodity
- Lead
- Secondary commodities
- Zinc, Silver, Copper
- Document categories
- Resource update, Drill results, Other
- Extracted
- 2026-09-13 07:02:03 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Vendetta Mining announced its 2022 drilling program for the Pegmont Lead-Zinc Project in Australia, which includes 8,000 metres of drilling and metallurgical testing. The company also confirmed the 15-year renewal of three mining leases and provided a summary of its existing mineral resource estimate.
Reasoning: The company announced a new drilling program and lease renewals, but the core resource data provided is a restatement of a 2018 estimate.
Positive factors
- Mining lease renewals provide long-term tenure
- Upcoming 8,000m drill program targets resource growth
- Existing resource shows strong lead-zinc grades
Negative factors
- Resource estimate is historical (effective 2018)
- Metallurgical recoveries are variable by zone
Facts used in scoring: 6
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 resource is in the Inferred category.
Evidence · text
“Inferred 8,277 Kt @ 5.1% Pb, 2.8% Zn, 8 g/t Ag”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document provides a summary of the current mineral resource estimate.
Evidence · text
“The current Mineral Resource Estimate at the Project is as follows:”
Extracted facts
Stored fact records: 6. Some facts used in scoring do not have a stored record.
Resource Estimates (6)
indicatedPegmont Lead-Zinc Project · leadTonnes: 5758000Grade: 6.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pegmont Lead-Zinc Project
- Commodity
- lead
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- VTT
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- Yes
- Qualified person names
- J.M. Shannon, D Nussipakynova, M. Angus, P. Lebleu, A Riles
- Resource group id
- resource:f9c400527ef31a58b72c
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 5758000
- Grade
- 6.5
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- Pb+Zn
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
- 2022-04-14T00:00:00.000Z
Reasoning: Indicated resource component of the existing estimate.
Positive factors
- Strong lead grade
Negative factors
- Historical data
Evidence · text
“Indicated 5,758 Kt @ 6.5% Pb, 2.6% Zn, 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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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 3.7 years before this release
indicatedPegmont Lead-Zinc Project · zincTonnes: 5758000Grade: 2.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pegmont Lead-Zinc Project
- Commodity
- zinc
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- VTT
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- Yes
- Qualified person names
- J.M. Shannon, D Nussipakynova, M. Angus, P. Lebleu, A Riles
- Resource group id
- resource:f9c400527ef31a58b72c
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 5758000
- Grade
- 2.6
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- Pb+Zn
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
- 2022-04-14T00:00:00.000Z
Reasoning: Indicated resource component of the existing estimate.
Positive factors
- Solid zinc grade
Negative factors
- Historical data
Evidence · text
“Indicated 5,758 Kt @ 6.5% Pb, 2.6% Zn, 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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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 3.7 years before this release
indicatedPegmont Lead-Zinc Project · silverTonnes: 5758000Grade: 11Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pegmont Lead-Zinc Project
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- VTT
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- Yes
- Qualified person names
- J.M. Shannon, D Nussipakynova, M. Angus, P. Lebleu, A Riles
- Resource group id
- resource:f9c400527ef31a58b72c
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 5758000
- Grade
- 11
- Grade Unit
- g/t
- Cutoff Grade
- 3
- Cutoff Unit
- Pb+Zn
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
- 2022-04-14T00:00:00.000Z
Reasoning: Indicated resource component of the existing estimate.
Positive factors
- Silver byproduct
Negative factors
- Historical data
Evidence · text
“Indicated 5,758 Kt @ 6.5% Pb, 2.6% Zn, 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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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 3.7 years before this release
inferredPegmont Lead-Zinc Project · leadTonnes: 8277000Grade: 5.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pegmont Lead-Zinc Project
- Commodity
- lead
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- VTT
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- Yes
- Qualified person names
- J.M. Shannon, D Nussipakynova, M. Angus, P. Lebleu, A Riles
- Resource group id
- resource:075a7880d506691138a2
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 8277000
- Grade
- 5.1
- Grade Unit
- %
- Cutoff Grade
- 5
- Cutoff Unit
- Pb+Zn
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
- 2022-04-14T00:00:00.000Z
Reasoning: Inferred resource component of the existing estimate.
Positive factors
- Significant tonnage
Negative factors
- Inferred category
- Historical data
Evidence · text
“Inferred 8,277 Kt @ 5.1% Pb, 2.8% Zn, 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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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 3.7 years before this release
inferredPegmont Lead-Zinc Project · zincTonnes: 8277000Grade: 2.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pegmont Lead-Zinc Project
- Commodity
- zinc
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- VTT
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- Yes
- Qualified person names
- J.M. Shannon, D Nussipakynova, M. Angus, P. Lebleu, A Riles
- Resource group id
- resource:075a7880d506691138a2
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 8277000
- Grade
- 2.8
- Grade Unit
- %
- Cutoff Grade
- 5
- Cutoff Unit
- Pb+Zn
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
- 2022-04-14T00:00:00.000Z
Reasoning: Inferred resource component of the existing estimate.
Positive factors
- Significant tonnage
Negative factors
- Inferred category
- Historical data
Evidence · text
“Inferred 8,277 Kt @ 5.1% Pb, 2.8% Zn, 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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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 3.7 years before this release
inferredPegmont Lead-Zinc Project · silverTonnes: 8277000Grade: 8Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pegmont Lead-Zinc Project
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- VTT
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- Yes
- Qualified person names
- J.M. Shannon, D Nussipakynova, M. Angus, P. Lebleu, A Riles
- Resource group id
- resource:075a7880d506691138a2
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 8277000
- Grade
- 8
- Grade Unit
- g/t
- Cutoff Grade
- 5
- Cutoff Unit
- Pb+Zn
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
- 2022-04-14T00:00:00.000Z
Reasoning: Inferred resource component of the existing estimate.
Positive factors
- Silver byproduct
Negative factors
- Inferred category
- Historical data
Evidence · text
“Inferred 8,277 Kt @ 5.1% Pb, 2.8% Zn, 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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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 3.7 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.