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Vendetta Files NI 43-101 Technical Report - Pegmont Updated Mineral Resource Estimate and Preliminary Economic Assessment
Vancouver, British Columbia--(Newsfile Corp. - March 14, 2019) - Vendetta Mining Corp. (TSXV: ...
About this update from Vendetta Mining Corp.
[{"type":"text","content":"Vendetta Files NI 43-101 Technical Report - Pegmont Updated Mineral Resource Estimate and Preliminary Economic AssessmentVancouver, British Columbia--(Newsfile Corp. - March 14, 2019) - Vendetta Mining Corp. (TSXV: VTT) announces the filing of the National Instrument 43-101 (\"NI 43-101\") Technical Report (the \"Report\") entitled \"Updated Mineral Resource Estimate and Preliminary Economic Assessment of the Pegmont Lead-Zinc Project\". The Report which is dated March 14, 2019 and is effective January 22, was prepared in compliance with National Instrument 43-101- Standards for Disclosure for Mineral Projects (\"NI 43-101\"). The Report is available under Vendetta's profile on SEDAR at www.sedar.com and will be placed on Vendetta's web site www.vendettaminingcorp.com.The Report was prepared by a team of independent consultants from AMC Mining Consultants (Canada) Ltd., (AMC), GR Engineering Services (GRES), and AARC Environmental Solutions (AARC).The Report supports the scientific and technical disclosure in the updated Mineral Resource and Preliminary Economic Assessment estimates contained in the Company's news release dated January 28, 2019.About the Pegmont Lead Zinc ProjectPegmont is situated in the Mount Isa - McArthur Mineral Province, which hosts one of the world's richest endowments of lead-zinc-silver mineralization, including several world-class lead-zinc-silver mines.The current Mineral Resource at Pegmont:Indicated 5,758 Kt @ 6.5% Pb, 2.6% Zn, 11 g/t Ag Inferred 8,277 Kt @ 5.1% Pb, 2.8% Zn, 8 g/t AgThe results of a Preliminary Economic Assessment (\"PEA\") on Pegmont were released by the Company on January 28, 2019 (see Venetta news release dated January 28, 2019). The PEA outlined a 10-year mine plan that generates a strong economic return with a pre-tax IRR of 32% (after tax 24%) and NPV8% of $201M ($128M after tax) for the base case long term consensus metal prices assumed ($0.91/lb lead, $1.09/lb zinc and $16.50/oz silver). The spot price and exchange rate case demonstrates the strong sensitivity to metal prices with a pre-tax IRR of 37% (after tax 27%) and NPV8% of $249M ($158M after tax), using metal prices as of January 22, 2019 of $0.94/lb lead, $1.25/lb zinc and $15.30/oz silver and US$:A$ of $0.71.The PEA identified further project enhancements and Vendetta has identified several high priority exploration...