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, Metallurgy
- Extracted
- 2026-08-21 12:24:21 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Vendetta Mining announced its 2022 drilling program for the Pegmont Lead-Zinc Project, focusing on resource growth and metallurgical testing. The company also confirmed 15-year extensions for its mining leases and restated its current mineral resource estimate.
Reasoning: The announcement outlines an upcoming drilling program and provides a restatement of the existing mineral resource, supported by long-term mining lease renewals.
Positive factors
- Mining lease extensions granted for 15 years
- Significant historical high-grade intercepts mentioned
- Upcoming 8,000m drilling program to target extensions
Negative factors
- Resource estimate is historical (effective 2018)
- Metallurgical recoveries are reported as ranges rather than single values
Facts used in scoring: 12
Classification and evidence
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document restates the current Mineral Resource Estimate for the Pegmont project.
Evidence · text
“The current Mineral Resource Estimate at the Project is as follows:”
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: Multiple Qualified Persons (QPs) are named as having prepared the resource estimate.
Evidence · text
“Prepared by independent qualified persons (QPs) J.M. Shannon P.Geo, D Nussipakynova P.Geo”
Extracted facts
Stored fact records: 12. Some facts used in scoring do not have a stored record.
Resource Estimates (12)
indicatedleadTonnes: 5758000Grade: 6.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- lead
- Ticker
- VTT
Resource Data
- Category
- indicated
- Tonnes
- 5758000
- Grade
- 6.5
- Grade Unit
- %
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 2018 estimate.
Negative factors
- Historical estimate
Evidence · text
“Indicated 5,758 Kt @ 6.5% Pb”
indicatedzincTonnes: 5758000Grade: 2.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- VTT
Resource Data
- Category
- indicated
- Tonnes
- 5758000
- Grade
- 2.6
- Grade Unit
- %
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 2018 estimate.
Negative factors
- Historical estimate
Evidence · text
“5,758 Kt @ 6.5% Pb, 2.6% Zn”
indicatedsilverTonnes: 5758000Grade: 11Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- VTT
Resource Data
- Category
- indicated
- Tonnes
- 5758000
- Grade
- 11
- Grade Unit
- g/t
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 2018 estimate.
Negative factors
- Historical estimate
Evidence · text
“5,758 Kt @ 6.5% Pb, 2.6% Zn, 11 g/t Ag”
inferredleadTonnes: 8277000Grade: 5.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- lead
- Ticker
- VTT
Resource Data
- Category
- inferred
- Tonnes
- 8277000
- Grade
- 5.1
- Grade Unit
- %
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 2018 estimate.
Negative factors
- Historical estimate
- Inferred category
Evidence · text
“Inferred 8,277 Kt @ 5.1% Pb”
inferredzincTonnes: 8277000Grade: 2.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- VTT
Resource Data
- Category
- inferred
- Tonnes
- 8277000
- Grade
- 2.8
- Grade Unit
- %
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 2018 estimate.
Negative factors
- Historical estimate
- Inferred category
Evidence · text
“8,277 Kt @ 5.1% Pb, 2.8% Zn”
inferredsilverTonnes: 8277000Grade: 8Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- VTT
Resource Data
- Category
- inferred
- Tonnes
- 8277000
- Grade
- 8
- Grade Unit
- g/t
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 2018 estimate.
Negative factors
- Historical estimate
- Inferred category
Evidence · text
“8,277 Kt @ 5.1% Pb, 2.8% Zn, 8 g/t Ag”
Fact 7zincGrade: 15.44Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- VTT
Resource Data
- Grade
- 15.44
- Grade Unit
- %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2022-04-14T00:00:00.000Z
Reasoning: Significant historical zinc intercept.
Positive factors
- High grade intercept
Negative factors
- Historical data
Evidence · text
“AND041: 3 m @ 15.44% Zn”
Fact 8copperGrade: 0.25Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- copper
- Ticker
- VTT
Resource Data
- Grade
- 0.25
- Grade Unit
- %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2022-04-14T00:00:00.000Z
Reasoning: Trace copper in historical intercept.
Negative factors
- Historical data
Evidence · text
“AND041: 3 m @ 15.44% Zn and 0.25% Cu”
Fact 9zincGrade: 8.26Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- VTT
Resource Data
- Grade
- 8.26
- Grade Unit
- %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2022-04-14T00:00:00.000Z
Reasoning: Significant historical zinc intercept.
Positive factors
- Strong grade
Negative factors
- Historical data
Evidence · text
“ANP418: 4 m @ 8.26% Zn”
Fact 10copperGrade: 0.51Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- copper
- Ticker
- VTT
Resource Data
- Grade
- 0.51
- Grade Unit
- %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2022-04-14T00:00:00.000Z
Reasoning: Trace copper in historical intercept.
Negative factors
- Historical data
Evidence · text
“ANP418: 4 m @ 8.26% Zn and 0.51% Cu”
Fact 11zincGrade: 10Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- VTT
Resource Data
- Grade
- 10
- Grade Unit
- %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2022-04-14T00:00:00.000Z
Reasoning: Significant historical zinc intercept.
Positive factors
- Strong grade
Negative factors
- Historical data
Evidence · text
“DDH01KB001: 4 m @ 10% Zn”
Fact 12leadGrade: 0.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- lead
- Ticker
- VTT
Resource Data
- Grade
- 0.2
- Grade Unit
- %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2022-04-14T00:00:00.000Z
Reasoning: Trace lead in historical intercept.
Negative factors
- Historical data
Evidence · text
“DDH01KB001: 4 m @ 10% Zn and 0.2% Pb”
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.