# Vendetta Mining 2022 Drilling Program and Corporate Update Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/vendetta-mining-2022-drilling-program-and-corporate-update--40073db5-722b-46d7-b840-0a9a06566bd3 Original source: https://money.tmx.com/en/quote/VTT/news/8220930763056341/vendetta-mining-2022-drilling-program-and-corporate-update Publisher: tmx Original announcement: 2022-04-14T12:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Vendetta Mining Corp. - Ticker: VTT - Exchange: TSX - Region: 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 Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas 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 factor: Mining lease renewals provide long-term tenure - Positive factor: Upcoming 8,000m drill program targets resource growth - Positive factor: Existing resource shows strong lead-zinc grades - Negative factor: Resource estimate is historical \(effective 2018\) - Negative factor: Metallurgical recoveries are variable by zone Facts used in scoring: 6 ## 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 resource is in the Inferred category. Evidence · text > Inferred 8,277 Kt @ 5.1% Pb, 2.8% Zn, 8 g/t Ag **Resource Update** Polarity: neutral Definition: 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) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/vendetta-mining-2022-drilling-program-and-corporate-update--40073db5-722b-46d7-b840-0a9a06566bd3#fact-resource-facts-0) Pegmont Lead-Zinc Project · lead Historical result Needs review: historical\_restatement #### 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 factor: Strong lead grade - Negative factor: Historical data Evidence · text > Indicated 5,758 Kt @ 6.5% Pb, 2.6% Zn, 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 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 3.7 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/vendetta-mining-2022-drilling-program-and-corporate-update--40073db5-722b-46d7-b840-0a9a06566bd3#fact-resource-facts-1) Pegmont Lead-Zinc Project · zinc Historical result Needs review: historical\_restatement #### 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 factor: Solid zinc grade - Negative factor: Historical data Evidence · text > Indicated 5,758 Kt @ 6.5% Pb, 2.6% Zn, 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 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 3.7 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/vendetta-mining-2022-drilling-program-and-corporate-update--40073db5-722b-46d7-b840-0a9a06566bd3#fact-resource-facts-2) Pegmont Lead-Zinc Project · silver Historical result Needs review: historical\_restatement #### 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 factor: Silver byproduct - Negative factor: Historical data Evidence · text > Indicated 5,758 Kt @ 6.5% Pb, 2.6% Zn, 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 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 3.7 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/vendetta-mining-2022-drilling-program-and-corporate-update--40073db5-722b-46d7-b840-0a9a06566bd3#fact-resource-facts-3) Pegmont Lead-Zinc Project · lead Historical result Needs review: historical\_restatement #### 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 factor: Significant tonnage - Negative factor: Inferred category - Negative factor: Historical data Evidence · text > Inferred 8,277 Kt @ 5.1% Pb, 2.8% Zn, 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 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 3.7 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/vendetta-mining-2022-drilling-program-and-corporate-update--40073db5-722b-46d7-b840-0a9a06566bd3#fact-resource-facts-4) Pegmont Lead-Zinc Project · zinc Historical result Needs review: historical\_restatement #### 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 factor: Significant tonnage - Negative factor: Inferred category - Negative factor: Historical data Evidence · text > Inferred 8,277 Kt @ 5.1% Pb, 2.8% Zn, 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 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 3.7 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/vendetta-mining-2022-drilling-program-and-corporate-update--40073db5-722b-46d7-b840-0a9a06566bd3#fact-resource-facts-5) Pegmont Lead-Zinc Project · silver Historical result Needs review: historical\_restatement #### 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 factor: Silver byproduct - Negative factor: Inferred category - Negative factor: Historical data Evidence · text > Inferred 8,277 Kt @ 5.1% Pb, 2.8% Zn, 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 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 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.