Vendetta Mining Corp. · TSXV:VTT
Vendetta Mining — Investor Presentation (April 2025)
26 slides from Vendetta Mining's investor presentation, April 2025
Slide 1: Advanced Lead-Zinc Resource Development in Australia
Advanced Lead-Zinc Resource TSX-V : VTT Development in Australia April 2025
Slide 2: Important Information
Important Information Cautionary Statement on Forward Looking Information This presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publ
Slide 3: Investment Highlights
Investment Highlights • 100% Ownership of Pegmont Lead-Zinc Project • Queensland Australia - top rated mining jurisdiction • To date +3 x increase in resource, 5.8 million tonnes Indicated & 8.3 Mt Inferred, driven by strong geological understanding • Multiple exploration targets • 2019 PEA a 10 yea
Slide 4: The Premier Base Metals Address in Australia
The Premier Base Metals Address in Australia Mt Isa – McArthur River Proterozoic Inliers are one of the worlds premier mineral provinces with several world class Zinc / Lead & Silver deposits and significant Copper and Copper-Gold deposits. World Class Lead - Zinc - Silver Deposits / Mines McArthur
Slide 5: Metal Prices – Robust & Sustained
Metal Prices – Robust & Sustained $2.20 LME Zn US$/lb Cash LME Pb US$/lb Cash $2.00 PEA Base Case $1.09 PEA Base Case $0.95 $1.20 $1.80 $1.60 $1.00 $1.40 $1.20 $0.80 $1.00 $0.80 $0.60 $0.60 • PEA Base Case Zinc and Lead metal pricing remains valid • Underinvestment in Lead & Zinc exploration and lac
Slide 6: Pegmont PEA - A Sound Basis to Enhance & Optimise
Pegmont PEA - A Sound Basis to Enhance & Optimise 3D view of the PEA production areas, looking towards the North West • 10 year mine life @ 3,000 tpa (1.1 Mtpa) • 10.6 Mt Mining inventory 84% Open Pit, 16% Underground Inclined Room & Pillar • BHZ, Main 1 & Main 2-3 used for tails storage to reduce f
Slide 7: PEA - Significant Value Levers Identified
PEA - Significant Value Levers Identified • Tax Cuts : Australian Federal Announced Corporate Tax Reduction – a phased reduction from Diamond Core VS RC 30% to 25%, will be captured in future study updates, improving after tax NPV & IRR RC vs Diamond Samples Statistics Zones 1-4 & BHZ >1% Pb+Zn • Or
Slide 8: Mineral Resources (Million Tonnes)
Mineral Resource July 31, 2018 Area Classification Material type Tonnes (kt) Pb % Zn % Ag g/t Resource Growth 16 Sulphide-Inferred Transition 1,111 4.9 2.3 8 Sulphide-Indicated Indicated Sulphide 4,003 6.5 2.6 11 Transition-Indicated Open Pit TOTAL 5,114 6.2 2.6 11 14 Transition-Inferred Mineral Res
Slide 9: Resource Expansion
Resource Expansion Select High Grade Intersections NOT in Current Mineral Resource Zone 3 Sulphide PVRD170 5.00 m @ 9.78% Pb, 3.31% Zn, 13 g/t Ag PVRD194 9.02 m @ 9.05% Pb, 3.80% Zn, 14 g/t Ag Zone 5 Sulphide PVRD194 9.02 m @ 9.05% Pb, 3.80% Zn, 14 g/t Ag PVRD196 8.42 m @ 7.07% Pb, 5.98% Zn,
Slide 10: Material Sorting Test Work
Material Sorting Test Work • Three highly successful preliminary Material Sorting tests completed on Zone 2 (1) and Zone 5 (2) sulphide intersections at TOMRA, Sydney. Test work results on page 23 • The tests indicated that the XRT material sorter is capable of removing external dilution, separating
Slide 11: Exploration – Pegmont
Exploration – Pegmont Bridge Zone Extensions The highest grade zone, was a structural target discovered by Vendetta. Test possible folded or faulted down thrown block to south east block. Wills Zone The “unfolded” position would place the Wills Zone as a down dip extension of Zone 5, supported by Pb
Slide 12: Corporate Structure
Corporate Structure Shares Issued and Outstanding* 362,689,058 Warrants ($0.05 | exp. Oct. 2027) 39,500,000 Fully Diluted 402,198,058 Shareholders (estimated by management) Management ~4% Singapore J&Y Investment Pte Ltd. ~ 16.5% Solitario Zinc Corp. ~3% * As at March 27, 2025 View of Mount Lucas fr
Slide 13: Senior Management and Board of Directors
Senior Management and Board of Directors Michael Williams - President, CEO, Director Capital markets and communications. Raised significant capital funds for advanced exploration and development projects. Peter Voulgaris - Director, Qualified Person B.Eng.(Hons), MEngSci. MAusIMM, MAIG Geology & Min
Slide 14: APPENDICES
APPENDICES • Project Comparisons • Pegmont Geology • Metallurgy & Material Mt Isa, Concentrate Rail Cars Mapping at Pegmont Sorting Test Work • PEA Details Pegmont Lead Flotation Test Townsville Deepsea Port www.vendettaminingcorp.com | TSXv : VTT 14
Slide 15: Pegmont Geology
Pegmont Geology • Broken Hill Type Deposit : Mid Proterozoic stratiform, banded iron formation and Coarse Sphalerite – garnet rich quartzite host, lead zinc metal zonation Zone 2 Sulphide • Galena and Sphalerite mineralisation, banded semi massive to massive • Country rock is a high grade metamorphi
Slide 16: Pegmont Geology
Pegmont Geology Simplified Geology Map of Pegmont Bridge Zone Cross Section Looking South East, see map page 23 for location www.vendettaminingcorp.com | TSXv : VTT 16
Slide 17: Pegmont Geology
Pegmont Geology Zones 1,2 & 3 Cross Section Looking North East, see map page 22 for location www.vendettaminingcorp.com | TSXv : VTT 17
Slide 18: Metallurgy Test Work
Metallurgy Test Work ALS Metallurgy Flotation Test Work Material Sorting Preliminary Test Work Bond Ball Head Grades Lead Circuit Zinc Circuit Mill Work (diluted) Area Test Type Index Pb Recovery Pb Con. Zn Recovery Zn Con. • Two holes from Zone 5, one hole from kWh/t Pb % Zn % Zone 2 % Grade % % Gr
Slide 19: PEA Infrastructure
PEA Infrastructure • Use of Osborne Mine Camp during construction of 300 person camp at Pegmont • Use of Osborne Mine Air Strip for Life of Operations • Concentrate transported in half height containers, Lead to Mt Isa by road and Zinc by road to Malbon where it is loaded onto train to Townsville •
Slide 20: PEA Process flowsheet
PEA Process flowsheet • GR Engineering Services design • Conventional sulphide base metal flotation flowsheet www.vendettaminingcorp.com | TSXv : VTT * 20
Slide 21: PEA Results – A Sound Basis to Enhance & Optimise
PEA Results – A Sound Basis to Enhance & Optimise Base Case Spot Case Pb US$0.94/lb, Zn US$1.09/lb, Pb US$0.91/lb, Zn US$1.18/lb, Ag US$16.50/oz, AUD:USD $0.75 Ag US$15.31/oz, AUD:USD $0.71 Pre-Tax Post Tax Pre-Tax Post Tax NPV at 8% $201M $124M $249M $158M IRR 31% 24% 37% 27% Payback Period (years)
Slide 22: PEA After Tax Sensitivities
PEA After Tax Sensitivities Net Present Value ($ million) at 8% Discount Lead Price Zinc Price ($ / lb) ($ / lb) 0.85 0.95 1.09 1.15 1.25 0.75 (24) (7) 16 26 43 0.85 32 49 72 82 99 0.94 84 101 124 134 151 1.05 147 164 187 197 213 1.15 204 221 244 254 270 Base Case Net Present Value Discount Rate Sen
Slide 23: PEA Capital Expenditure & Cost
PEA Capital Expenditure & Cost CAPITAL EXPENDITURE LIFE OF MINE OPERATING COST ESTIMATE Initial Sustaining Total Area Units Cost Area ($M) ($M) ($M) Open Pit Mining $/tonne mined $3.08 Site Infrastructure 39.6 1.2 40.8 (on and off site) Underground Mining $/tonne mined $50.00 Mineral Processing 69.9
Slide 24: PEA Production Summary
PEA Production Summary Tonnes Milled Zinc - Zn % Lead - Pb % Silver - Ag g/t 1,200,000 12.00 1,000,000 10.00 Diluted Feed Grade Tonnes Milled 800,000 8.00 600,000 6.00 400,000 4.00 200,000 2.00 - - 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 180,000,000 450,000 160,000,000 Zinc (lb) Lead (lb)
Slide 25: PEA Proposed Pegmont Site Layout at Closure
PEA Proposed Pegmont Site Layout at Closure ROM Pad Mine Office, Workshops & Fuel BHZ Pit & Used for In-pit Tails Covered by Waste Dump Processing Plant Site & Natural Gas Power Station Pit Stages Main 4 to 7 Pit Stage Main 1 Used for In-Pit Tails Storage Used as In-pit Waste Dump Pit Stages Main 2
Slide 26: Advanced Lead-Zinc Development
TSX-V : VTT Advanced Lead-Zinc Development www.vendettaminingcorp.com Phone : +1 604 484 7855