# Vendetta Announces Non-Brokered Private Placement and Corporate Updates

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/vendetta-announces-non-brokered-private-placement-and-corporate-updates--07d110f2-3ae8-4212-8176-7507a5433b51

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: Capital raise, Resource update, Other

- Extracted: 2026-08-21 11:54:31 UTC

Narrative sentiment: 0.10 · Bullish

## Minestarters Atlas summary

Vendetta Mining Corp. announced a non-brokered private placement of up to 16,000,000 shares to raise $800,000 for the Pegmont Lead-Zinc project. The company also provided an update on recent drilling activities and restated its 2018 Mineral Resource Estimate.

Reasoning: The announcement combines a small capital raise with a restatement of a historical 2018 mineral resource estimate and a program update noting drilling suspension.

- Positive factor: capital raise to advance development

- Positive factor: existing resource base

- Negative factor: resource data is historical \(2018\)

- Negative factor: drilling recently suspended

Facts used in scoring: 6

## Classification and evidence

**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 has an effective date of 31 July 2018, which is over 2 years old.

Evidence · text

> has an effective date of 31 July 2018

**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: Multiple independent qualified persons from AMC and Riles Integrated Resource Management are named.

Evidence · text

> Prepared by independent qualified persons \(QPs\) J.M. Shannon P.Geo

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: Cut-off grades for open pit and underground resources are explicitly stated.

Evidence · text

> Cut-off grade applied to the open pit Mineral Resources is 3% Pb+Zn

## Extracted facts

Stored fact records: 0. Some facts used in scoring do not have a stored record.

No stored fact records are available for this extraction.

## 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.