Vendetta Mining Corp. · TSXV:VTT
Vendetta Mining — Corporate Update (August 2016)
28 slides from Vendetta Mining's corporate update, Aug 31, 2016
Slide 1: Pegmont Lead – Zinc Deposit
Q3 2016 Pegmont Lead – Zinc Deposit www.vendettaminingcorp.com | TSXv : VTT Queensland, Australia
Slide 2: Disclaimer
DISCLAIMER Important Disclaimer This corporate presentation (Presentation) has been prepared by Vendetta Mining Corporation (Vendetta) based on information available to it from them and third party sources. By retaining this Presentation, you (the Recipient) acknowledge and represent to Vendetta tha
Slide 3: Zinc
ZINC “The next two years, 2016 and 2017, represent the ‘pinch point’ of concentrate supply, with mine-closure- related cuts expected to outweigh new output from projects.” Wood Mackenzie Analyst, Jonathan Leng One of the World’s Largest Zinc Mines Closes “Mining completed at MMG Century mine in Augu
Slide 4: Zinc: 2015 Major Mine Closures
ZINC: 2015 MAJOR MINE CLOSURES Mine closures/reductions since 2013 have removed about 15% of the global supply – outpacing foreseeable zinc mine development. • Brunswick Mine – Xstrata (250 ktpa) – CLOSED 2013 • Perseverance Mine – Xstrata (100 ktpa) – CLOSED 2013 • Century Mine – MMG Ltd. (500 ktpa
Slide 5: Corporate Structure
CORPORATE STRUCTURE Shares Issued and Outstanding 72,635,396 Warrants ($0.35 | exp. 08/17) 4,326,885 Warrants ($0.13 | exp. 09/18) 776,923 Warrants ($0.10 | exp. 05/18) 50,000,000 Options ($0.25 | exp. 10/18) 1,150,000 Fully Diluted 128,889,204 Management Ownership ~12% Institutional Shareholders: R
Slide 6: Senior Management
SENIOR MANAGEMENT Michael Williams Peter Voulgaris Doug Ramshaw Testing B.Eng.(Hons), MEngSci. MAusIMM, MAIG B.Sc.(Hons), A.R.S.M. President, CEO, Director Director, Qualified Person Director Michael Williams, has been Over two decades of international Former Mining Analyst for an involved in the st
Slide 7: Investment Highlights
INVESTMENT HIGHLIGHTS • Top Tier Mining Jurisdiction • Developed Infrastructure in Place • Shallow Sulphide NI 43-101 Mineral Resources • 6,500 m Drilling (2014), Not Included in NI 43-101 Resource • Near Surface, Higher Grade Sulphide Zone Discovered • Zinc Grade Increasing • Second Lens Discovered
Slide 8: Investment Highlights: Objectives
INVESTMENT HIGHLIGHTS Objectives 2016 Inferred Sulphide Resource of +10Mt Q4 2016-17 Inferred Sulphide Resource of +15Mt and PEA 2017-18 Complete Pre-feasibility Study TSXv : VTT 8
Slide 9: Pegmont Transaction - Amended
PEGMONT TRANSACTION - AMENDED Amended Agreement Executed Amended Agreement Status December 2015 December 2015, reducing cash payments by $750,000 On TSX:V Approval $250,000 Paid • Option to acquire 100% 2014 Drill Program $350,000 Paid Completed by Vendor • $2.25m cash payments over During 2014 2,00
Slide 10: Location
LOCATION Australia^ Largest lead producer 2nd largest zinc producer 4th largest silver producer Queensland Australia's largest producer of copper, lead and zinc* Home to over 100 mines Access to multiple smelters through existing infrastructure Rail corridor to deep sea ports and smelters ^ Source:
Slide 11: Local Infrastructure
LOCAL INFRASTRUCTURE 28 km from South32’s Cannington Mine, one of the world’s largest lead and silver mines (3.2 Mtpa) 25 km from Chinova’s Osborne/Kulthor Cu-Au Mine (2Mtpa-on care and maintenance) Concentrate rail loading sidings at Phosphate Hill (Chinova) and Cloncurry (South32) Multi user conce
Slide 12: Pegmont Progression
PEGMONT PROGRESSION 2014 Pre-2014 6,505 m drilled 2016 Highlights Zone 5 Drilling^: Current NI 43-101 Sulphide PVRD017 4.0m @5.83% Pb, 11.34% Zn Work Program Resource Estimate* PVRD010 4.2m @ 6.29% Pb, 5.64% Zn Infill drilling in Zone 5 and Indicated: PVRD013 8.8m @ 8.73% Pb, 3.99% Zn Burke Hinge Zo
Slide 13: Drilling Highlights
DRILLING HIGHLIGHTS Zone 5 full results see Appendix ^ Drill hole intersection lengths listed here are approximately 90 to 100% of true thickness. TSXv : VTT 13
Slide 14: Room to Expand
ROOM TO EXPAND The vector towards higher zinc has been identified In the direction of increasing zinc grade there is an additional 2km of strike length and 2.8km of down dip extent available to explore Zinc grade 5km of strike around a large fold structure Increasing between the identified mineralis
Slide 15: Summary
SUMMARY LOCATION MINERAL RESOURCE EXPLORATION LEAD and ZINC ESTIMATE POTENTIAL Queensland is a stable, Zone 1 to 4 included in Wide spaced drilling in Zinc: Declining pro-mining jurisdiction the current Mineral Zone 5 is a basis for up- inventories, closure of and world leading Resource Estimate but
Slide 16: Appendix
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Slide 17: Geological Model
APPENDIX GEOLOGICAL MODEL Broken Hill Type Deposit Examples: • Broken Hill, NSW Australia • Cannington, QLD Australia • Zinkgruvan, Sweeden • Namaqua Belt, South Africa TSXv : VTT 17
Slide 18: Pegmont Project (3,468 Hectares)
APPENDIX PEGMONT PROJECT (3,468 HECTARES) 3 Mining Leases / 2 Exploration Permits Mining Leases granted prior to Pastoral Lease and Native Title Discovered in 1971, early exploration undertaken by Placer and Newmont Stratiform deposit, hosted within banded iron formations (BIF) Surrounded by high gr
Slide 19: Burke Hinge Zone - Near Surface Sulphide
APPENDIX BURKE HINGE ZONE - NEAR SURFACE SULPHIDE Shallowest known sulphide mineralization at Pegmont (commencing 24m below surface) Plan Located on granted mining lease ML2621 Highlights Include: PVR018 5.0 m of 6.86% Pb, 2.85% Zn PVR019 6.0 m of 8.48% Pb, 4.21% Zn PVR021 9.0 m of 5.58% Pb, 3.94% Z
Slide 20: Zone 5 Drilling Highlights
APPENDIX ZONE 5 DRILLING HIGHLIGHTS 2014 Drilling Program PVRD010 4.2m of 6.29% Pb, 5.64% Zn PVRD013 8.8m of 8.73% Pb, 3.99% Zn PMR283 9.0m @ 6.35% Pb, 6.88% Zn PMR290 9.0m @ 5.30% Pb, 3.11% Zn PMR294 10.0m @ 4.77% Pb, 3.91% Zn PVRD017 (100m step-out to SW) 4.0m of 5.83% Pb, 11.34% Zn Zone 5 drillin
Slide 21: Ground Conditions
APPENDIX GROUND CONDITIONS Ground Conditions at Pegmont would be classified as “very good” on Barton’s Q system. The deposit is hosted in a quartzite, characterised by very low joint counts, 100% RQD and high intact rock strength (UCS ~100 to 150MPa estimated). There is also a distinct lack of fault
Slide 22: Complete Zone 5 Drill Results
APPENDIX COMPLETE ZONE 5 DRILL RESULTS Grade Section Drill Hole Sample From To Interval Line Name Type m m m* Pb % Zn % Ag g/t 4350N PMRD142 Core 376.0 378.85 2.85 7.56 6.20 8.2 PVRD001 Core 125.66 126.43 0.77 1.52 4.79 7.0 4300N PMR290 RC 154.0 160.0 6.0 7.34 4.11 9.7 PMR193 RC Not Drilled to Depth
Slide 23: 2014 Mineral Resource Estimate
APPENDIX 2014 MINERAL RESOURCE ESTIMATE 2014 NI 43-101 Mineral Mineral Grade Oxidation Tonnes Resource Estimate completed Resource State Kt Pb % Zn % Ag g/t Category by AMC Consultants (Canada) Ltd. Indicated 757 6.66 2.69 11.87 Sulphide Inferred 4,417 6.51 2.80 10.56 Zone 1 to 4 included in the Ind
Slide 24: Mount Isa – McArthur River Lead Zinc
APPENDIX MOUNT ISA – MCARTHUR RIVER LEAD ZINC • McArthur River – Glencore • Production cut backs • Myrtle – Teck (to 70%) & Rox (30%) • Teck earning in by spending total $15M • Century – MMG, Open Pit • Closed • Lady Loretta – Glencore • Mining suspended – ore reserves preservation • George Fisher &
Slide 25: Mount Isa – McArthur River District
APPENDIX MOUNT ISA – MCARTHUR RIVER DISTRICT Mineral Grade Grade Mine or Tonnes Ore Tonnes Resource Project Mt Pb % Zn % Ag g/t Reserves Mt Pb % Zn % Ag g/t Category Measured + McArthur 180 4.7 9.9 48 Proved + Indicated 102 4.8 10.0 49 River* Probable Inferred - - - - Century CLOSED Measured + 9.2 5
Slide 26: Growing Demand & Shrinking Mine Supply
APPENDIX GROWING DEMAND & SHRINKING MINE SUPPLY Metal Price Leavers Basemetal Price Relative Performance 40% 20% Zinc -6% Mine closures to alter 0% supply / demand balance. -20% Lead -14% -40% Delays in new mine -60% Copper -61% development. -80% -100% Ability to finance large -120% Nickel -124% CAP
Slide 27: 2014 Drilling Program
APPENDIX 2014 DRILLING PROGRAM TSXv : VTT 27
Slide 28: Matthew Sroka, Corporate Development
For more information please contact: Matthew Sroka Corporate Development Tel: 604 484 7855 Cel: 604 219 2140 Email: ms@vendettaminingcorp.com Suite 1500 - 409 Granville Street Vancouver, BC V6C 1T2 28