Vendetta Mining
Vendetta Mining Corp is a Canadian junior exploration company developing the Pegmont Lead-Zinc Project in Queensland, Australia. The pre-revenue TSX-V-listed firm focuses on lead, zinc, and silver resource development with a 2019 PEA outlining a potential 10-year mine life.
- Company typePublic
- Founded2014
- HeadquartersVancouver, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Vendetta Mining does
Vendetta Mining Corp is a Canadian junior exploration company headquartered in Vancouver, BC, focused on the development of the Pegmont Lead-Zinc Project in Queensland, Australia. The company holds 100% interest in the project, which encompasses multiple mineralized zones (Zone 1–5, Bridge Zone, and Burke Hinge Zone) with both open-pit and underground mining potential. Vendetta is publicly listed on the TSX Venture Exchange under the symbol VTT.V and is led by President and CEO Michael Williams.
The company's core activity is mineral exploration and resource definition using diamond drilling and reverse circulation (RC) drilling, supported by metallurgical test work including locked cycle testing for flotation recovery optimization. Resource estimation employs inverse distance methods with Datamine software and Whittle pit optimization for mine planning. Vendetta has specialized expertise in Broken Hill Type (BHT) stratiform lead-zinc sulfide deposits contained within metamorphosed silicate facies banded iron formation (BIF), drawing an analogy to the Broken Hill "super-giant" deposit and the nearby Cannington mine. A 2019 Preliminary Economic Assessment (PEA) outlined a 10-year mine life producing an average of 124 million pounds of lead, 50 million pounds of zinc, and 298,000 ounces of silver per year, at a pre-tax NPV (8%) of $201M and IRR of 32%, with all-in sustaining costs of $0.71/lb payable lead and $170M of pre-production capital.
As a pre-revenue exploration company, Vendetta funds operations through non-brokered private placements rather than commercial sales. Historical investors include Resource Capital Funds, Solitario Exploration & Royalty (9.9% strategic stake in 2016), Zijin Global Fund (2017), Nebari (2019), and Singapore-based J&Y Investment PTE. Ltd. ($4.7M in 2021). The most recent financing in October 2024 raised only $395,000 CAD at $0.01 per unit, signaling a significant contraction in capital access relative to prior years. Future revenue, contingent on project development, would be generated through concentrate sales to smelters at Mt Isa (lead) and Townsville (zinc), with the company operating with 1–10 employees.
Vendetta Mining firmographics
Firmographics- Name
- Vendetta Mining
- Legal name
- Vendetta Mining Corp.
- Website
- https://vendettaminingcorp.com
- Company type
- Public
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Vendetta Mining Corp is a Canadian junior exploration company developing the Pegmont Lead-Zinc Project in Queensland, Australia. The pre-revenue TSX-V-listed firm focuses on lead, zinc, and silver resource development with a 2019 PEA outlining a potential 10-year mine life.
- Ownership category
- akta.pro rank
Vendetta Mining industry classification
Industry- Product category
- Lead-Zinc Mineral Exploration and Mining
- NAICS
- Copper, Nickel, Lead, and Zinc Mining (212230), Gold Ore and Silver Ore Mining (21222)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Precious Metals Exploration & Project Development (IMAKAEAI)
Keywords
Where Vendetta Mining is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Vendetta Mining business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Technology or R&D, Personnel, Infrastructure, Supply Chain, Others
Revenue model
- Future Concentrate Sales: Pre-revenue junior exploration company. Future revenue will be generated through sale of lead and zinc concentrates produced from the Pegmont project. Concentrates will be transported to smelters in Mt Isa (Lead) and Townsville (Zinc). The company has completed a PEA demonstrating potential for 124M lbs/year lead, 50M lbs/year zinc, and 298K oz/year silver production over a 10-year mine life.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Vendetta Mining product offering
Product offeringCore offering
Vendetta Mining Corp is a Canadian junior exploration company engaged in acquiring, exploring, and developing mineral properties, with its primary asset being the Pegmont Lead Zinc Project in Queensland, Australia. The company holds (via option) the right to acquire a 100% interest in Pegmont and conducts diamond and reverse circulation drilling, metallurgical test work, mineral resource estimation, and a Preliminary Economic Assessment. Future production is planned as sequential flotation concentrates of lead and zinc (with silver by-product) intended for sale to smelters.
Product overview
Vendetta Mining Corp is a Canadian junior exploration company focused on a single core asset: the Pegmont Lead Zinc Project in Queensland, Australia. The company holds 100% interest in the project and conducts exploration activities including drilling, resource estimation, and feasibility studies. The project encompasses multiple mineralized zones with open-pit and underground mining potential. The company has completed a Preliminary Economic Assessment (PEA) and continues with exploration drilling to expand resources.
Differentiator
Problem solved
Functional benefit
Products and services
- Pegmont Lead Zinc Project
- Pegmont Lead and Zinc Concentrates (Planned Production)
- Pegmont Mineral Resource Estimate and PEA
Quantifiable outcome
- Pre-Tax NPV (8%) of $201M and IRR of 32% on Pegmont project (2019 PEA)
- +3 more outcomes
Companies that use Vendetta Mining
Customer profileSegments1 record
Ideal customer profiles2 records
Vendetta Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Vendetta Mining partnerships and signals
Strategic signalScale indicators8 records
Recent moves6 records
Expansion highlights4 records
Vendetta Mining competitors and assessment
Company assessmentDirect peers
- Boab Metals: Boab Metals is an Australian junior explorer developing the Sorby Hills Lead-Silver-Zinc Project in Western Australia, making it one of the closest direct peers to Vendetta in terms of commodity mix (lead-silver-zinc), stage (PEA/PFS), jurisdiction (Australia), and target customers (concentrate sales to smelters).
- Solitario Exploration & Royalty: Solitario is a strategic 9.9% shareholder in Vendetta and itself develops base and precious metals projects (zinc, silver, gold) including the Florida Canyon zinc project in Peru. Highly comparable as a small-cap, multi-jurisdiction exploration company with a similar commodity focus and capital profile.
Broad incumbents
- Aurelia Metals: Aurelia Metals is an Australian base metals producer with operating mines in New South Wales producing lead, zinc, copper, and gold. While larger and in production, Aurelia's commodity mix and Australian operating footprint make it the most relevant producer comparable for Vendetta's Pegmont project economics.
Emerging players
- Adavale Resources: Adavale Resources is an early-stage Australian explorer with base metals (nickel, copper, cobalt) projects in New South Wales and Queensland. It is comparable as a small-cap Australian junior in the base metals exploration space, though commodity focus is more on nickel-copper than lead-zinc.
- Zinc One Resources: Zinc One Resources is a small-cap junior focused on advanced-stage zinc exploration projects (including the Bongara project in Peru), making it directly comparable on commodity focus (zinc-lead) and as a pre-development exploration stage company.
- Investigator Resources: Investigator Resources is an ASX-listed junior focused on silver and copper exploration in South Australia. Comparable as a small Australian precious/base metals exploration company at a similar development stage to Vendetta, though with a primary focus on silver rather than lead-zinc.
- Castillo Copper: Castillo Copper is an ASX-listed junior with base metals (copper, cobalt, zinc) projects across Australia, Zambia, and Mexico. Comparable as a small-cap, multi-jurisdiction base metals explorer, though commodity mix skews more toward copper than lead-zinc.
Others
- Resource Capital Funds: RCF is a mining-focused private equity fund that has been a longstanding investor in Vendetta and is a major capital provider across junior mining globally. Relevant as an investor/financing peer rather than an operating competitor.
Market position
Competitive moat3 records
Key risks7 records
Key highlights7 records
Customer concentration
Vendetta Mining social profiles
Digital presenceVendetta Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vendetta Mining leadership team
Management profileNumber of profiles
Profiles1 record
Vendetta Mining funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vendetta Mining M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Vendetta Mining
What does Vendetta Mining do?
Vendetta Mining Corp is a Canadian junior exploration company engaged in acquiring, exploring, and developing mineral properties, with its primary asset being the Pegmont Lead Zinc Project in Queensland, Australia. The company holds (via option) the right to acquire a 100% interest in Pegmont and conducts diamond and reverse circulation drilling, metallurgical test work, mineral resource estimation, and a Preliminary Economic Assessment. Future production is planned as sequential flotation concentrates of lead and zinc (with silver by-product) intended for sale to smelters.
Is Vendetta Mining a public or private company?
Vendetta Mining is a public company. It is classified as public and is currently operating.
When was Vendetta Mining founded?
Vendetta Mining was founded in 2014. It employs 1 to 10 people.
Where is Vendetta Mining based?
Vendetta Mining is headquartered in Vancouver, Canada, in the North America region.
How does Vendetta Mining make money?
One revenue line is on record: future Concentrate Sales.
Who are Vendetta Mining's main competitors?
Direct peers on record are Boab Metals and Solitario Exploration & Royalty. Aurelia Metals is listed as a broad incumbent. Emerging players are Adavale Resources, Zinc One Resources, Investigator Resources and Castillo Copper. Resource Capital Funds is listed as an others.
Does Vendetta Mining have an API?
No public API is recorded for Vendetta Mining.
What industry is Vendetta Mining in?
Vendetta Mining's product category is Lead-Zinc Mineral Exploration and Mining. Its primary akta.pro industry code is IMAKAEAI, Precious Metals Exploration & Project Development. Its NAICS code is 212230 and its SIC code is 1040.