Vendetta Mining Corporate

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Market Cap:
$11.54 m
0.06 CAD
52 weeks high
52 weeks low

Vendetta Mining Corp. is a Canadian junior exploration company engaged in acquiring, exploring, and developing mineral properties. Vendetta controls the Pegmont lead-zinc resource, strategically located in the heart of the world’s most important lead-zinc belt in Queensland Australia.

Pegmont is a high-grade, largely open pit, resource with excellent infrastructure. The company recently completed an updated resource estimate indicating close to 10 million tonnes of open pit resource with additional near surface underground zones.


  • 100% acquisition completed May 2019
  • Queensland Australia, Top Rated Mining Jurisdiction
  • 2018 Mineral Resource: 5.8 Mt Indicated & 8.3 Mt Inferred
  • January 2019 PEA – Robust Economics
  • Mining Inventory Open Pit 8.9 Mt with 1.7 Mt of High Grade Underground Feed
  • High Rate of Resource Conversion to Mining Inventory ≈75%
  • Zone 5 not included in current PEA Mine Plan 2.4 Mt Inferred
  • Strong Understanding of the Geology driving Resource Growth, to date 3x Resource Size Increase
  • Limited Exploration Drilling Outside of Resource
  • High Priority Exploration Targets Identified & ready to test



The property is located in northwest Queensland, Australia.  It is situated approximately 175 km southeast of Mount Isa, 130 km south-southeast of Cloncurry and 700 km west-southwest of Townsville.  Within 30 km of the property, there are a number of producing mines in the area, including, BHP Billiton’s Cannington Silver Lead Zinc Mine, Chinova’s Osborne Copper-Gold operations and Starra Gold-Copper Mine. Pegmont is proximate to existing infrastructure that includes roads, railhead and natural gas for power generation.


Queensland, Australia

Michael Williams – President, CEO & Director

  • Founder of Underworld Resources (acquired by Kinross Gold Corp- 2010 for $140 million)
  • Significant contacts with both retail and institutional investors
  • Extensive banking network

Peter Voulgaris B.Eng. (Hons), M.Eng.Sci., MAusIMM, MAIG – Director, Qualified Person

  • Over two decades of international mining experience, including exploration, mine development, operations and corporate development.
  • The first half of Mr. Voulgaris’ career was spent as a mine geologist holding roles of increasing responsibility at some of Australia’s leading mining operations of the time, including Mount Isa Mines lead-zinc-silver Hilton/George Fisher mine, Placer Dome’s Osborne copper-gold mine and Granny Smith gold mine, and Newmont’s Callie underground gold mine.
  • From 2003 Mr. Voulgaris’ career has been focused on mine development, project management and business development. This included over 6 years with Ivanhoe Mines working on the Oyu Tolgoi copper-gold project in Mongolia and business development as well as 1.5 years at MMG as expansion study manager for the Sepon gold mine in Laos.
  • Mr. Voulgaris most recently served as Vice President of Business Development for the TSX listed, Minco Group of Companies.

Doug Flegg MBA, CFA – Director

  • Geologist with over 30 years Mining and Mining Finance experience including the last 10 years as the Managing Director of Global Mining Sales at BMO Capital Markets where he was involved in over 200 mining financings exceeding $25 billion in value. While at BMO, Mr. Flegg also provided advice to senior mining management teams on strategic issues involving Capital Markets, Financing, and Corporate Development.
  • Prior to BMO, Mr. Flegg spent 11 years as a Mining Portfolio Manager with UBS Global Asset Management and Predecessor Companies.
  • As a Geologist, MBA and CFA, Mr. Flegg brings an invaluable skill set to the Board of Vendetta Mining. Mr. Flegg is currently the Managing Partner (Mining) for Cairn Merchant Partners, a Merchant Banking and Capital Advisory firm based in Toronto.

David Baker MBA, CA – Director

  • Over 20 years of experience in major mine operations, project development and Government relations. Mr. Baker spent 15 years with the Ivanhoe Mines Group of Companies in several capacities including Project Controller, Manager Corporate Development and Finance, and Vice President Treasurer.
  • On Ivanhoe Mines’ world class Oyu Tolgoi Copper-Gold project Mr. Baker managed the pre-feasibility study and directed the economic modeling for the negotiation of the Investment Agreement with the Government of Mongolia. In addition he led the Oyu Tolgoi financing due diligence program involving eight international banks in a $4 billion debt finance facility.
  • Mr. Baker is currently a Consultant whose clients include private and publicly listed mining companies, and government agencies. Recent major projects include advisory roles for the Government of Rwanda and the UK Government encompassing mining policy review, analysis and developing extractive industry improvement programs.

Sheryl Elsdon – Corporate Secretary

EMAIL: info@vendettaminingcorp.com
TEL: 604 484 7855 | FAX: 604 484 7155

Suite 1500 – 409 Granville Street,
Vancouver, BC, CANADA, V6C 1T2

Institutional Shareholders 
  • Resource Capital Fund VI LP ~13%
  • Solitario Zinc Corp. ~8%
  • Zijin Global Fund ~4%

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