Vendetta Mining Corp. · TSXV:VTT
Vendetta Mining — Investor Presentation (January 2022)
31 slides from Vendetta Mining's investor presentation, January 2022
Slide 1: Advanced Lead-Zinc Resource Development in Australia
Advanced Lead-Zinc Resource TSX-V : VTT Development in Australia January 2022
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 & Siler deposits and significant Copper and Copper-Gold deposits. World Class Lead - Zinc - Silver Deposits / Mines McArthur R
Slide 5: 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 6: Metal Prices – Robust & Sustained
Metal Prices – Robust & Sustained $1.80 LME Zn US$/lb Cash LME Pb US$/lb Cash PEA Base Case $1.09 $1.20 PEA Base Case $0.95 $1.60 $1.40 $1.00 $1.20 $1.00 $0.80 $0.80 $0.60 $0.60 • PEA Base Case significantly lower than current metal prices • Lead & Zinc prices near decade highs, upward trend for ove
Slide 7: 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 8: 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 • Ore sorting test work : the potential to reduce CAPEX, and OP
Slide 9: 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 10: 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 11: Exploration – Killer Bore High Grade Zinc
Exploration – Killer Bore High Grade Zinc • Option to acquire 100% by spending A$602,000 over 3 years, Sandifre to retain 2% NSR Royalty • Same style of mineralisation seen at Pegmont, interpreted to be a distal portion of the same system, closer to the vent as witnessed by high Zn, Cu and in most c
Slide 12: PEA - A Sound Basis to Enhance & Optimise
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 footprint
Slide 13: 2022 Planned Programs
2022 Planned Programs • Geo-metallurgical review of Transition material from Zone 1, infill drilling required to reclassify material types • Drilling to obtain fresh core samples for pilot scale XRT material sorting from Zone 1 transition, Zone 2-3 sulphide and Zone 5 sulphide. • Drill samples to be
Slide 14: Corporate Structure
Corporate Structure Proposed Singapore J&Y Investment Pte Ltd. Placement Shares Issued and Outstanding* 245,678,024 • Tranche 1 closed Dec 21, 2021 Warrants ($0.13 | exp. June & July 2022) 14,419,582 • Tranche 2 $4.47m at $0.082 / share, a significant Warrants ($0.06 | exp. May & June 2023) 19,388,1
Slide 15: 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 16: 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 17: APPENDICES
APPENDICES • Nebari Financing • 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: Nebari Financing
Nebari Financing • Principal amount currently US$1,741,794 • Quarterly principal payments of US$200,000 at the end of March, June and September 2022 • Final principle amount due at maturity in December 31, 2022 est. US$1,157,794 • Nebari “Closing Bonus” is based on market cap at time of loan retirem
Slide 19: Clear Rerating Potential – ASX listed Peers
Clear Rerating Potential – ASX listed Peers Vendetta Mining Corp. Boab Metals Ltd. Galena Mining Ltd. Project: 100% of Pegmont Lead-Zinc Project Project: 75% of Sorby Hills Lead Project Project: 60% of Abra Lead Project Market Capitalization: C$12M Market Capitalization: A$49M Market Capitalization:
Slide 20: 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 21: 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 21
Slide 22: Pegmont Geology
Pegmont Geology Zones 1,2 & 3 Cross Section Looking North East, see map page 22 for location www.vendettaminingcorp.com | TSXv : VTT 22
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 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 24: 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 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 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 $158M IRR 31% 24% 37% 27% Payback Period (years)
Slide 27: PEA After Tax Sensitivities
PEA After Tax Sensitivities Net Present Value ($ 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 28: 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 29: 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 30: PEA Proposed Pegmont Site Layout at Closure
PEA Proposed Pegmont Site Layout at Closure ROM Pad Mine Office, Workshops & Fuel BHZ Pit & In-pit Tails Covered by Waste Dump Processing Plant Site & Natural Gas Power Station Pit Stages Main 4 to 7 Pit Stage Main 1 In-pit Waste Dump In-Pit Tails Storage Pit Stages Main 2 & 3 In-Pit Tails Storage R
Slide 31: TSX-V : VTT
Advanced Lead-Zinc Resource TSX-V : VTT Development in Australia www.vendettaminingcorp.com Phone : +1 604 484 7855
Vendetta Mining — Investor Presentation (January 2022) on 6ix