Summary

Mine Type	Underground
Study Completed	Preliminary Economic Assessment
Commodities	Zinc Lead Silver
Mining Method	Drift & Fill Longitudinal retreat Transverse stoping
Backfill type	...
Mine Life	...
Snapshot	Gorno is largely a “brown-fields” project due to the extensive historical mining activities, which ceased in the 1980s. The area benefits from well-developed existing infrastructure, including roads, grid power, water, sanitation and several nearby towns with plentiful available accommodation and facilities. During the FY2024, Vedra continued the technical studies to complete the Phase 1 Definitive Feasibility Study (‘DFS’), which will assist in providing the necessary technical inputs to be included in the future Gorno Mining Licence (‘ML’) application. Vedra has also engaged with the Italian government and regulatory stakeholders in relation to the drafting of the revised Mining Decree and amendments, in particular the definition of strategic metals projects in Italy. The legislation, which passed into law in August 2024, provides for streamlined timing and administrative processing of permitting applications for projects recognised as critical or strategic minerals projects.

Deposit type

• Mississippi Valley Type
• Stratabound
• Breccia pipe / Stockwork

Summary:

The Gorno Project (‘Gorno’) encompasses an historically mined, under-explored and extensively mineralised Mississippi Valley type (‘MVT’) zinc-lead geological system with over 8km of demonstrated mineralised strike. To date the Company has explored only a portion of the western quarter of this system.

The Gorno mineral district is an Alpine Type lead-zinc deposit similar to Mississippi Valley Type (MVT) lead-zinc deposits. The mineralisation is broadly stratabound with some breccia bodies and veining also observed. Higher grade and thicker mineralisation are often associated with late-stage brittle faulting which is generally orientated north-south or east-west. The mineralogy is simple consisting of low iron sphalerite, argentiferous galena and minor pyrite. Mineralisation is hosted by the Metallifero Formation which consists predominantly of limestones with interbedded shales in the higher parts of the sequence. The Gorno deposit lies in the “Lombard Basin” of the Italian Southern Alps where during the Permian- Triassic periods a thick sedimentary pile was formed as a result of strong subsidence.

Mining Methods

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Comminution

Crushers and Mills

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Processing

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Commodity Production

Operational metrics

Metrics
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Personnel

Job Title	Name	Profile	Ref. Date
.......................	.......................		Oct 18, 2024
.......................	.......................		Oct 18, 2024