ASX / VKA

0.015

Overview

Viking Mines Ltd was established in 2007 to explore for, develop and mine mineral deposits in West Africa. In 2010 Viking was listed on the ASX as Viking Ashanti Limited, with three advanced gold projects located in the Southern portion of the Ashanti Gold Belt, one of the most highly gold endowed and tightly held geological provinces in the world.

As at January 2017 one of these projects remain, the Akoase Gold Project with a 790,000oz Au JORC (2012) classified Inferred resource. This project is subject to a Sale and Purchase agreement struck in 2015 which is close to completion.

Since listing Viking has advanced its gold projects, and in late 2013 Viking added two strategically positioned advanced coal assets located in Mongolia.

Viking’s objective is to identify strategically positioned base and precious metal assets which exhibit strong potential to deliver a near term project which will operate in the lower half of the cost curve and, preferably, with the option to secure a position in downstream value adding activities.

Viking promotes positive relationships with the communities in which it works. This is achieved through sponsorship programs relating to health, education and cultural activities. Viking also promotes the employment of nationals on its projects with a preference for employees to be from nearby communities where possible.

With regard to Health, Safety and Environment (HSE) Viking’s goal is to ensure that all aspects of the Company’s business reflect industry best practices while meeting statutory requirements. To this effect Viking is committed to developing a culture which embraces an awareness of what best practice is while adopting practical solutions to all aspects of HSE.