Vendetta Mining Corp. · TSXV:VTT
Vendetta Mining — Investor Presentation (March 2021)
28 slides from Vendetta Mining's investor presentation, March 2021
Slide 1: Advanced Lead-Zinc Resource Development
Advanced Lead-Zinc Resource Development March 2021
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 Lead and Zinc 8.9 million tonnes open Pegmont Lead-Zinc sustaining higher prices, pit and an additional 1.7 Project Australian Dollar million tonnes of high denominated costs grade underground located in top rated mining provides great leverage to mini
Slide 4: Resource Growth – Focused on Resource Growth
Resource Growth – Focused on Resource Growth High Grade Intersections not included in Current Mineral Resource Include: • 4.2 m @ 9.73% Pb, 2.24% Zn • 5.3 m @ 6.98% Pb, 3.94% Zn • 12.8 m @ 7.48% Pb, 1.67% Zn • 5.5 m @ 7.55% Pb, 5.87% Zn • 10.7 m @ 6.74% Pb, 2.74% Zn • 4.1 m @ 5.46% Pb, 2.33% Zn 16 S
Slide 5: Significant Value Levers Identified
Significant Value Levers Identified • Tax Cuts : Australian Federal Announced Corporate Tax Reduction – a phased reduction from 30% to 25%, will be captured in future study updates, improving after tax NPV & IRR • Ore sorting test work : the potential to reduce CAPEX, and OPEX (see Page 8) • Zone 5
Slide 6: Exploration targets identified
Exploration targets identified Limited drilling outside of the Mineral Resource, immediate priority targets include: Bridge Zone Extensions Test Possible Z fold and Zone 3 extension into the Bridge Zone Bonanza BHZ “look-a-like”, potentially two moderately dipping lenses, same structural position as
Slide 7: Location
Location Australia^ 2nd Largest Lead Producer with the Largest Reserves 3rd Largest Zinc Producer, with the Largest Reserves 6th Largest Silver Producer, with the 3rd Largest Reserves Queensland* Australia's largest producer of copper, Lead and Zinc* Home to over 100 metalliferous mines www.vendetta
Slide 8: Material Sorting – 2020 Test Work
Material Sorting – 2020 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, sep
Slide 9: PEA Metrics and Economic Summary
PEA Metrics and Economic Summary PEA Outcomes – Production Metrics Base Case Spot Case 1.1 Mtpa Pre-Tax Post Tax Pre-Tax Post Tax Mill throughput (3,000 tpd) Pre-Production CAPEX $170M Initial Mine Life 10 years Sustaining CAPEX $59M 8.9 Mt Open Pit + PEA Mine Plan Inventory NPV at 8% $201M $124M $2
Slide 10: PEA Sensitivities
PEA Sensitivities Base Case Net Present Value Discount Rate Sensitivities NPV Before Tax NPV After Tax ($M) ($M) Undiscounted 411 288 6.0% 241 155 7.0% 220 139 8.0% 201 124 10.0% 167 99 12.0% 138 77 15.0% 103 50 Net Present Value at 8% ($ million) After Tax Sensitivities Lead Price Zinc Price ($ / l
Slide 11: Mineral Resource July 31, 2018
Mineral Resource July 31, 2018 Area Classification Material type Tonnes (kt) Pb % Zn % Ag g/t Open Pit Resource By Confidence Transition 1,111 4.9 2.3 8 Indicated Sulphide 4,003 6.5 2.6 11 Open Pit TOTAL 5,114 6.2 2.6 11 Constrained Transition 1,829 5.2 2.0 7 Inferred 46% Indicated Inferred Sulphide
Slide 12: Next Steps
Next Steps • Continue to advance Corporate Initiatives • Drilling to obtain core samples for pilot scale material sorting test work • Resource development drilling, targeting connecting Zone 3 underground panels • Exploration drilling testing identified near project high priority targets • Geo-metal
Slide 13: Corporate Structure
Corporate Structure Shares Issued and Outstanding* 220,971,501 Warrants ($0.13 | exp. June & July 2022) 14,419,582 Warrants ($0.06 | exp. May & June 2023) 19,388,188 Warrants ($0.09 | exp. Nov. & Dec. 2023) 7,541,772 Warrants ($0.09 | exp. Feb. 2024) 5,216,667 Performance Shares (pending award) 1,08
Slide 14: Senior Management and Board of Directors
Senior Management and Board of Directors Michael Williams Peter Voulgaris David Baker Doug Flegg B B.Eng.(Hons), MEngSci. MAusIMM, MAIG MBA CA MBA CFA President, CEO, Director Director, Qualified Person Director (independent) Director (independent) Over 25 years of experience as a senior Over 25 yea
Slide 15: Consultants & Advisors
Consultants & Advisors David Esser Geoff Richmond Ocean Partners AARC Environmental B.Sc. (Hons) Geology, MAIG B.Sc. (Metallurgy) FAusiMM Concentrate Marketing Advisor Permitting Advisor Contract Exploration Manager Contract Chief Metallurgist Ocean Partners Holdings Limited is a AARC Environmental
Slide 16: Nebari Financing
Nebari Financing • 2021 quarterly principle payments = US$161,811 • Final principle amount due at maturity in May 2021 est. US$1,957,778 • Nebari “Closing Bonus” based on Market Cap: 30% of US$2,250,000 x Market Cap Appreciation %, base market cap set at $15,696,061 Example calculation* : 30% x 2,25
Slide 17: Appendices
APPENDICES Lead & Zinc Project Comparisons Pegmont Geology Mt Isa, Concentrate Rail Cars Mapping at Pegmont Metallurgy Test Work PEA Details Pegmont Lead Flotation Test Refined Zinc from Korea Zinc Smelter www.vendettaminingcorp.com | TSXv : VTT 17
Slide 18: Lead & Zinc Project Comparisons
Lead & Zinc Project Comparisons After Tax IRR 10% 15% 20% 25% 30% 35% 0 VTT-Pegmont HRR-Woodlawn 200 FOM-McIlvenna Bay CNX-Nash Creek TV-Stratmat + Halfmile Total Capital (CA$) 400 RTH-Olza NZC-Prairie Creek 600 SLR - Florida Canyon IZN-West Desert SLR-Lik North & South 800 ZNX-Akie 1000 PEA BASE CA
Slide 19: Pegmont Geology
Pegmont Geology • Broken Hill Type Deposit : Mid Proterozoic stratiform, banded iron formation and garnet rich quartzite host, lead zinc metal zonation • Galena and Sphalerite mineralisation, banded semi massive to massive • Country rock is a high grade metamorphic quartzite grading out to gneisses
Slide 20: Pegmont Geology
Pegmont Geology Zones 1,2 & 3 Cross Section Looking North East, see map page 23 for location Bridge Zone Cross Section Looking South East, see map page 23 for location Garnet Quartzite Banded Iron Stone Sharp Contact Between Garnet Quartzite and Banded Iron Formation Coarse Sphalerite – Zone 2 Sulph
Slide 21: Metallurgy Test Work
Metallurgy Test Work ALS Metallurgy Flotation Test Work Material Sorting Preliminary Test Work Bond Ball Head Grades Lead Circuit Zinc Circuit Area Test Type Mill Work (diluted) Test summary: Index Pb Recovery Pb Con. Zn Recovery Zn Con. kWh/t Pb % Zn % % Grade % % Grade % • Two holes from Zone 5, o
Slide 22: 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 23: 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 into half height containers, Lead to Mt Isa by road and Zinc by road to Malbon where it is loaded onto train to Townsville
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 Process flowsheet
PEA Process flowsheet • GR Engineering Services design • Conventional sulphide base metal flotation flowsheet www.vendettaminingcorp.com | TSXv : VTT * 25
Slide 26: PEA Production Areas
PEA Production Areas Schematic of Inclined or Stepped Room & Pillar (Atlas Copco, Mining Methods) www.vendettaminingcorp.com | TSXv : VTT 26
Slide 27: Proposed Pegmont Site Layout
Proposed Pegmont Site Layout Mine Office, Workshops & Fuel Final Waste Dump ROM Pad Covers BHZ & In-pit Tails Plant Site & Natural Gas Power Station Pit Stages Main 4 to 7 In-pit Waste Pit Stage Main 1 Dump In-Pit Tails Pit Stages Main 2 & 3 In-Pit Tails Rendered View Looking North East at Completio
Slide 28: www.vendettaminingcorp.com
www.vendettaminingcorp.com Phone : +1 604 484 7855