Vendetta Files NI 43-101 Technical Report – Pegmont Updated Mineral Resource Estimate and Preliminary Economic Assessment
FOR IMMEDIATE RELEASE March 14th, 2019
(VTT2019 – NR # 3)
Vendetta Files NI 43-101 Technical Report – Pegmont Updated Mineral
Resource Estimate and Preliminary Economic Assessment
Vancouver, BC – March 14th, 2019 − Vendetta Mining Corp. (VTT-TSX:V) announce 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 Project
Pegmont is si tuated 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 Ag
The 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 f urther project enhancemen ts and Vendetta has identified several high priority
exploration targets.
About Vendetta Mining Corp.
Vendetta Mining Corp. is a Canadian junior exploration company engaged in acquiring, exploring, and
developing mineral properties with an emphasis on lead and zinc. It is currently focused on advanced
stage exploration projects in Australia, the first of which is the Pegmont Lead Zinc project. Additional
information on the Company can be found at www.vendettaminingcorp.com.
Qualified Person
Peter Voulgaris, MAIG, MAusIMM, a Director of Vendetta, is a non -independent Qualified Person as
defined by NI 43 -101. Mr. Voulgaris has reviewed the technical content of this press release, and
consents to the information provided in the form and context in which it appears.
ON BEHALF OF THE BOARD OF DIRECTORS
“Michael Williams”
Michael Williams
President & CEO
604-484-7855
Forward Looking Information
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
This release includes certain statements that may be deemed to be “forward‐looking statements” within the
meaning of the applicable Canadian Securities laws. All statements in this release, other than statements of
historical facts are forward looking statements, including the anticipated time and capital schedule to production;
estimated project economics, including but not limited to, mill recoveries, payable metals produced, production
rates, payback time, capital and operating and other costs, IRR and mine plan; expected upside from additional
exploration; expected capital requirements; and other future events or developments. Forward-looking statements
include statements that are predictive in nature, are reliant on future events or conditions, Forward‐looking
statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue",
"estimate", "expect”, “may", "will", "project", "predict", "potential", "targeting”, “in tend", "could", "might",
"should", "believe” and similar expressions.
These statements involve known and unknown risks, uncertainties and other factors that may cause actual results
or events to differ materially from those anticipated in such forward‐looking statements. Although the Company
believes the expectations express ed in such forward‐looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual results or developments may differ
materially from those in the forward‐looking statements. Factors that could ca use actual results to differ
materially from those in forward‐looking statements include, but are not limited to, changes in commodities
prices; changes in expected mineral production performance; unexpected increases in capital costs; exploitation
and exploration results; continued availability of capital and financing; differing results and recommendations
in the Feasibility Study; and general economic, market or business conditions. In addition, forward‐looking
statements are subject to various risks, including but not limited to operational risk; political risk; currency risk;
capital cost inflation risk; that data is incomplete or inaccurate; the limitations and assumptions within drilling,
engineering and socio‐economic studies relied upon in preparing the PEA; and market risks. The reader is
referred to the Company’s filings with the Canadian securities regulators for disclosure regarding these and other
risk factors, accessible through Vendetta Mining’s profile at www.sedar.com
There is no certainty that any forward‐looking statement will come to pass and investors should not place undue
reliance upon forward‐looking statements. The Company does not undertake to provide updates to any of the
forward‐looking statements in this release, except as required by law.