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Vendetta Mining Corp.
Summary
| Project: | Pegmont | |
|---|---|---|
| Deposit: | Pegmont | |
| Location: | Australia | |
| Commodities: | Lead-Zinc-Silver | |
| Date: | 1/28/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-1-2019: Vendetta Mining Corp. announces a PEA report for its Pegmont deposit at the Pegmont project. PEA results incl. pre-tax NPV of US $201M (8%), IRR of 31%, 10yr LOM at the project. Vancouver, BC – January 28, 2019 − Vendetta Mining Corp. (VTT-TSX: | |
| Resources: | (Resource): 5.758Mt @ 6.5% Pb, 2.6% Zn, 11g/t Ag (Ind.), 8.277Mt @ 5.1% Pb, 2.8% Zn, 8g/t Ag (Inf.) | |
| CP/QP: | [Overall Report]: Peter Voulgaris (Internal) | |
| ABSTRACT: | Vancouver, BC – January 28, 2019 − Vendetta Mining Corp. (VTT-TSX: V) (Vendetta or the Company) is pleased to announce the results of an independent Preliminary Economic Assessment (PEA) for its Pegmont Lead-Zinc Project (the Project) in Queensland, Australia. The PEA was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). The PEA was developed by a team of independent consultants, including AMC Mining Consultants (Canada) Ltd., (AMC), GR Engineering Services (GRES), and AARC Environmental Solutions (AARC). Unless otherwise noted, all dollar figures reported are Australian dollars. Michael Williams, Vendetta’s President and CEO commented “The results outlined in the PEA demonstrate a robust, stand-alone project. The Project has been able to take advantage of Pegmont’s location in the centre of well-developed infrastructure to deliver a pre-start capital that makes this an achievable project to develop for an aspiring junior miner. We are pleased with the strong results of the PEA and intend to now move to add incremental tonnes that can be brought into the mine plan, continue with early permitting work and expand exploration efforts. In addition to extracting more value out of the Project Vendetta will move forward with evaluating value adding opportunities in the region. The PEA demonstrates low risk economics and well-established mining and milling techniques in a stable and supportive jurisdiction.” | |
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