Announcement PDF Gold & Critical Mineral Vanadium A Diversified Developer and Explorer Investor Presentation October 2024 ASX:VKA FIRST HIT GOLD MINE BOX CUT AND DECLINE ACCESS Disclaimer & Competent Persons Statements Disclaimer This presentation and any accompanying verbal presentation (together the Presentation) are confidential and have been prepared by Viking Mines Limited (Viking or the Company) and approved by the Board of the Company. The information contained in the Presentation (Information) is summary only and should be read in conjunction with any other documents provided to you by the Company. The Information is current as at 28 October 2024 and the Company does not undertake to provide any additional or update information, whether as a result of new information, future events or results or otherwise. By receiving the Presentation, you acknowledge and represent to the Company that you have read, understood and accepted the terms of this disclaimer. The Company has prepared the Presentation based on information available to it at the time of preparation. No representation or warranty, express or implied, is made as to the currency, accuracy, reliability, completeness or fairness of the information, opinions and conclusions contained in this Presentation. Viking, or related bodies corporate, shareholders or affiliates, nor any of their respective officers, directors, employees, affiliates, agents or advisers (Agents) guarantee or make any representations or warranties, express or implied, as to or take responsibility for, the currency, accuracy, reliability, completeness or fairness of the information, opinions and conclusions contained in this Presentation. Viking does not represent or warrant that this Presentation is complete or that it contains all material information about Viking or which a prospective investor or purchaser may require in evaluating a possible investment in Viking or acquisition of shares. To the maximum extent permitted by law, Viking and its Agents expressly disclaim any and all liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of information contained in this Presentation, or otherwise arising in connection with it. Any forward-looking statements in this Presentation, including projections, forecasts and estimates, are provided as a general guide only and should not be relied on as an indication or guarantee of future performance and involve known and unknown risks, uncertainties, assumptions, contingencies and other important factors, many of which are outside the control of Viking and which are subject to change without notice and could cause the actual results, performance or achievements of Viking to be materially different from the future results, performance or achievements expressed or implied by such statements. Past performance is not necessarily a guide to future performance and recipients of this Presentation are cautioned not to place undue reliance on such forward-looking statements. The information contained in this Presentation is for information purposes only, does not constitute investment or financial product advice (nor taxation, accounting or legal advice) and is not intended to be used as the basis for making an investment decision. In providing this Presentation, Viking has not considered the objectives, financial position or needs of any particular recipients. Before making an investment decision prospective investors should consider the appropriateness of the information in this Presentation having regard to their own objectives, financial situation and needs, and seek legal, taxation and financial advice appropriate to their jurisdiction and circumstances. This Presentation is not a prospectus, product disclosure statement or other offer document under Australian law or any other law (and will not be lodged with the Australian Securities and Investments Commission or any other foreign regulator) and is not, and does not constitute, an invitation or offer of securities for subscription, purchase or sale in any jurisdiction. In particular, this Presentation does not constitute an invitation or offer of securities for subscription, purchase or sale in the United States or any other jurisdiction in which such an offer would be illegal. The securities referred to in this Presentation have not been, and will not be, registered under the U.S. Securities Act of 1933 as amended or the securities laws of any state or other jurisdiction of the United States and may not be offered or sold, directly or indirectly in the United States. The information in this Presentation is strictly confidential. It may not be disclosed, reproduced, disseminated, quoted or referred to, in whole or in part, without the express consent of Viking. Competent Person’s Statements Information in this release that relates to Exploration Results is based on information compiled by Mr. Julian Woodcock, who is a Member and of the Australian Institute of Mining and Metallurgy (MAusIMM(CP) – 305446). Mr. Woodcock is a fulltime employee of Viking Mines Ltd. Mr. Woodcock has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original announcements. The information in this announcement that relates to the Mineral Resource estimate and Pit Optimisation is derived from information compiled by Mr. Dean O’Keefe, a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM, #112948), and Competent Person for this style of mineralisation. Mr. O’Keefe is a consultant to Viking Mines Limited, and is employed by MEC Mining, an independent mining and exploration consultancy. Mr. O’Keefe has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2012 edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources, and Ore Reserves (JORC Code). The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original announcements. The information contained in this report, relating to metallurgical results, is based on, and fairly and accurately represent the information and supporting documentation prepared by Mr. Damian Connelly. Mr. Connelly is a full-time employee of METS Engineering who are a Contractor to Viking Mines Ltd, and a Fellow of The Australasian Institute of Mining and Metallurgy. Mr. Connelly has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Exploration Targets, Mineral Resources and Ore Reserves. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original announcements. ASX:VKA vikingmines.com 2 Company Overview Corporate Snapshot ASX Code Share Price VKA $0.009 Board and Management Shares on Issue 1.062B (28 October 2024) Market Cap $9.56M (Undiluted) Top 20 (excl Dir) 50.75% Cash $2.85M (as at 30 Sept 24) Enterprise Value $6.7M Other Shareholders 37% Directors 12.25% Share Price Chart 20.0 12.0 $0.010 8.0 $0.005 $- Michael Cox Bevan Tarratt Managing Director & CEO Non-Executive Director Non-Executive Director Canegrass Battery Minerals Project • Outcropping hard-rock vanadium magnetite project, located in the Murchison Region, WA. • Bitumen road and gas pipeline 22km from the Resource. 16.0 $0.015 Julian Woodcock Chairman • 60km from the township of Mount Magnet, with sealed airstrip & regular commercial flights. Volume (m) Price (A$/share) $0.020 Charles Thomas • 419km to established Port at Geraldton. First Hit Gold Gold Project • Located 40km west of Menzies in WA Eastern Goldfields. 4.0 • ~480km2 of highly prospective tenure (granted & under application). - • Centred around the historic high-grade First Hit Gold Mine (produced ~30koz at 7.7g/t Au).i • 8km North & along strike of Ora Banda Mining Riverina Operation and 40km from Davyhurst Mill ASX:VKA vikingmines.com i. Barra Resources Limited (2002), First Hit Mining Report December 2002 (Final Report) M30/99; Report No. BRLP 00107. Submitted to DMIRS 3 Vanadium Critical, Industrial and Battery Mineral Established Critical Mineral with Massive Growth Potential Market Supply i Significant advantages over Li-Ion batteries Total global supply ~120Kt vanadium pa 61% China Russia 17% South Africa Brazil 8% USA Forecasted Demand i Supply deficit predicted to grow from 2024 onwards 5% 3% 6% Other 2.6x 2023 levels Source: Energy & Capital No Degradation ASX:VKA vikingmines.com i) US based vanadium specialist: TTP Squared, Inc Low $/kWh over battery life Nonflammable Fully Recyclable Simple Capacity Expansion 4 Canegrass Battery Minerals Project • Significant Vanadium Resource, 100% owned following recent Share Sale Agreement with Red Hawk Mining (ASK:RHK)ii • Located in Murchison Region with extensive infrastructure within 20km (including Windimurra Mine on care and maintenance) • Global Inferred Mineral Resource Estimate (MRE) of 146Mt at 0.70% V2O5, 31.8% Fe & 6.6% TiO2 (>0.5% V O cut-off) 2 iii 5 • Pit Constrained MRE 61Mt @ 0.81% V2O5 & 35.9% Fe (>0.7% V O cut-off) 2 5 iv • Substantial value of the Project not reflected in VKA Market Cap (EV of $7.77M) ASX:VKA vikingmines.com i) ii) iii) iv) Refer to Appendix 1 for Mineral Resource Estimate sources Viking Mines (ASX:VKA) ASX Announcement 5 September 2024 – VIKING MOVES TO 100% OWNERSHIP OF CANEGRASS PROJECT Viking Mines (ASX:VKA) ASX Announcement 20 November 2023 - VIKING DELIVERS >100% GROWTH AT CANEGRASS WITH 2.2 B LBS OF VANADIUM PENTOXIDE. Viking Mines (ASX:VKA) ASX Announcement 18 March 2024: VKA DELIVERS SUCCESSFUL PIT OPTIMISATION 61MT AT 0.81% V2O5 5 Flow Sheet Optimisation Underwayi,ii,iii Value Adding Testwork to Unlock the Project Value • • Flowsheet pathway established for Vanadium Production High quality magnetic concentrate produced; • • • • Mining Crush/grind Magnetic Separation Tail Concentrate Iron (Fe) Residue Roasting Sulphide Flotation Purification Sulphide Concentrate 53% mass pull from ore to concentrate 1.43% V2O5, 59% Fe & 11.7% TiO2 from Low Intensity Magnetic Separation (LIMS) Roasting liberates Vanadium ahead of purification; • V2O5 recoveries up to 93.2% from magnetic concentrate roasting • 86.7% V2O5 total recovery from ore feed to Vanadium Solution V2O5 Flake Vanadium Pentoxide (V2O5) Flake produced • • Final purification step testwork ongoing Targeting high purity V2O5 and electrolyte products which attract premium pricing ASX:VKA vikingmines.com i) ii) iii) Magnetic Concentration Using LIMS Magnetic Concentrate Roasted Concentrate Viking Mines (ASX:VKA) ASX Announcement 20 May 2024: VIKING PRODUCES VANADIUM PENTOXIDE FLAKE FROM CANEGRASS Viking Mines (ASX:VKA) ASX Announcement 6 March 2024: VKA ACHIEVES 1.43% V2O5 & 59% FE IN HIGH QUALITY CONCENTRATE Viking Mines (ASX:VKA) ASX Announcement 11 March 2024: VIKING ACHIEVES ROASTING SUCCESS AND 93.2% V2O5 RECOVERY Vanadium in Solution Vanadium Pentoxide (V2O5) Flake 6 FIRST HIT GOLD PROJECT 1 Diamond drill core shown is from hole VDD008 at the First Hit Project Viking Mines Limited ASX Release 24 June 2021 VIKING RECIEVES FIRST DIAMOND RESULTS & SIGHTS VISIBLE GOLD 7 First Hit Project Hunting Elephants in Elephant Country Large land package in well-established gold province • Substantial ~480km2 land package in the WA Eastern Goldfields • Centred around the 100% owned historic First Hit Gold Mine. • Adjoins Ora Banda Mining (ASX:OBM) tenure • First Hit located 8km North of the operating Riverina Gold Mine (ASX:OBM) & 40km from the Davyhurst Mill • Targeting narrow vein high-grade gold deposits characteristic of the Zuleika Shear ASX:VKA vikingmines.com 8 EXCELLENT INFRASTRUCTURE & ACCESS Site Layout – Looking South 8 Man Exploration Camp 3km Riverina Open Pit 8km (ASX:OBM) Bore Water (Clarkes Well) Snake Hill Road Vent Raise 2021 Near Mine Diamond Drilling Collar Positions – 19 holes for 3,924m Box Cut & Portal Waste Dump Fuel Storage ASX:VKA vikingmines.com 9 First Hit Project High Grade Historical Gold Mine Historically Produced ~30koz Au at ~7.7g/t Aui • Historical producing high-grade gold project located in the Eastern Goldfields of WA. • Closed in 2002 when the gold price was <US$325/oz • Significant infrastructure in place, with decline down to ~220m below surface (~$15M value). • Located on a fully granted Mining Lease. • Substantial high-grade hits in face sampling and drill database with unmined intercepts including;iv • • • 4.9m @ 64.8 g/t Au from 62.1m (FHU045) ii • 3m @ 77.6 g/t Au from 224.0m (BFH030) ii • 4m @ 26.1 g/t Au from 58.0m (BFH005) ii Strategic review of the asset commenced Resource industry consultants MEC Mining appointed to undertake a mineral resource assessment to determine opportunities to define a See Footnote iv JORC (2012) Mineral Resource iii ASX:VKA vikingmines.com i) ii) iii) iv) Barra Resources Limited (2002), First Hit Mining Report December 2002 (Final Report) M30/99; Report No. BRLP 00107. Submitted to DMIRS Viking Mines (ASX:VKA) ASX Announcement 26 November 2020 – Acquisition of high-grade gold projects in Western Australia Viking Mines (ASX:VKA) ASX Announcement 25 October 2024 - VIKING COMMENCES FIRST HIT GOLD MINE RESOURCE ASSESSMENT Viking Mines (ASX:VKA) ASX Announcement 11 February 2021- VIKING IDENTIFIES EXCEPTIONALLY HIGH-GRADES IN FACE SAMPLES (long section figure) 10 NARROW VEIN HIGH-GRADE VISIBLE GOLD 0.0 0.5 mm 0.0 0.0 0.5 mm 0 0.5 mm 0.0 0.5 mm 1.0 HISTORIC DRILLHOLE1 FDH001 – DRILLED IN 2001 1.0 1.0 0.0 1.0 NQ Diameter Core 5 10 cm ASX: VKA | vikingmines.com 0.0 0.0 0.5 mm 1.0 The weighted intercept value in the First Hit database for hole FDH001 is 0.5m for 103.5g/t Au from 59.7m to 60.2m. 1 Viking Mines Limited ASX Release 15 February 2021 VIKING MINES INVESTOR PRESENTATION ON FIRST HIT PROJECT 0.5 mm 0.5 mm 1.0 1.0 11 First Hit Project High Priority Targets Priority Untested Targets 25km strike of Zuleika shear untested by bedrock drilling • 25km strike length of the Zuleika Shear controlled by Viking with limited historic drill testing. • Same stratigraphic position as the combined >1Moz Waihi, Makai, Golden Eagle and Lights of Israel Deposits mined at Davyhurst. • • Multiple geochemical anomalies and structural targets to be tested. First Hit Targets at First Hit remain open for further drilling: Jana’s Reward Target i New structural position identified running parallel to the historic First Hit structure. • • VKRC0057: 1m at 36.49g/t Au from 17m VKRC0053: 1m at 17.83g/t Au from 16m First Hit North ii • Confirmed continuity of the First Hit Structure >800m North of the mine. • VKRC0023: 2m at 9.67g/t Au from 26m First Hit South iii • Extended the First Hit structure to the south for ~420m. • VKRC0041: 1m at 7.66 g/t Au from 45m i) Viking Mines (ASX:VKA) ASX Announcement 3 March 2022 - VIKING INTERSECTS BONANZA GRADES UP TO 36G/T AU IN FIRST BEDROCK DRILLING AT JANA’S REWARD TARGET ii) Viking Mines (ASX:VKA) ASX Announcement 22 December 2021 - VIKING RECEIVES HIGH-GRADE RESULTS IN FIRST ASSAYS FROM 72-HOLE RC DRILLING PROGRAMME iii) Viking Mines (ASX:VKA) ASX Announcement 19 April 2022 - VIKING RECEIVES FINAL ASSAYS FOR FIRST HIT PROJECT RC DRILL PROGRAMME ASX:VKA vikingmines.com Sunraysia 25km of Zuleika Shear • Riverina 12 Viking Mines Advancing Projects to Add Value Key Workstreams CANEGRASS BATTERY MINERALS PROJECT V2O5 purification and electrolyte production FIRST HIT GOLD PROJECT Investment Case • Diversified exposure to Gold and Critical Mineral Vanadium • 100% owned Projects • Favourable Project locations near existing operations and infrastructure in Western Australia • Significant Canegrass Vanadium resource with established flowsheet pathway and final purification step testwork underway • Strategic review of First Hit Project underway to assess gold potential and opportunities amidst high gold price environment Resource assessment of historic First Hit Gold Mine to determine economic potential • Resource assessment underway at historic First Hit Gold Mine Regional target generation along high priority 25km strike length of untested Zuleika shear • Regional gold target generation commenced on high priority Drill programme to test new drill targets Results for follow up in mid/late Q1 FY25 ASX:VKA vikingmines.com (30Koz Au at avg mined grade of 7.7g/t) to determine economic potential for remaining unmined mineralisation untested 25km strike length of Zuleika shear, encompassed within extensive 480km2 land package • Fully funded work plan 13 For more information please contact: Julian Woodcock Managing Director & CEO P +61 8 6245 0870 Appendix 1 – Vanadium Company Snapshot VIKING MINES (ASX:VKA) COMPANY Canegrass PROJECT Inferred: 146Mt @ 0.70% V2O5 TOTAL: 146Mt @ 0.70% V2O5 (Source: VKA 20 November 2023) POS MRE: 61Mt @ 0.81% V2O5 & 35.9% Fe (Source: VKA 18 March 2024) ORE RESERVES PROJECT STATUS VENUS METALS (ASX: VMC) SUREFIRE RESOURCES (ASX:SRN) NEOMETALS (ASX:NMT) ATLANTIC PTY LTD (PRIVATE) Youanmi Victory Bore and Unaly Hill Barrambie Windimurra 395.4Mt @ 0.77% V2O5 135Mt @ 0.34% V2O5 465Mt @ 0.30% V2O5 280Mt @ 0.44% V2O5 209.7Mt @ 0.50% V2O5 Measured: 30.6Mt @ 1.13% V2O5 Indicated: 136.6Mt @ 0.85% V2O5 Inferred: 228.2 @ 0.66% V2O5 TOTAL: 395.4 @ 0.77 V2O5 Measured: 31.55Mt @ 0.33% V2O5 Indicated: 54.37Mt @ 0.33% V2O5 Inferred: 48.82Mt @ 0.36% V2O5 TOTAL: 134.73Mt @ 0.34% V2O5 Measured: 25.3Mt @ 0.35% V2O5 Indicated: 113.2Mt @ 0.32% V2O5 Inferred: 326.1Mt @ 0.28% V2O5 TOTAL: 465Mt @ 0.30% V2O5 Indicated: 187Mt @ 0.46% V2O5 Inferred: 93Mt @ 0.40% V2O5 TOTAL: 280.1Mt @ 0.44% V2O5 Measured: 34.6Mt @ 0.49% V2O5 Indicated: 123.5Mt @ 0.50% V2O5 Inferred: 51.6Mt @ 0.50% V2O5 TOTAL: 209.7Mt @ 0.50% V2O5 (Source: AVL 7 May 2024) (Source: VMC 18 March 2019) (Source: SRN 5 December 2023) (Source: NMT May 16, 2023) n/a Probable: 93Mt @ 0.35% V2O5 TOTAL: 93Mt @ 0.35% V2O5 Murchison Technology Metals Project Australian Vanadium Project (Formerly ASX:TMT) 146Mt @ 0.70% V2O5 MINERAL RESOURCES AUSTRALIAN VANADIUM (ASX:AVL) n/a Pit Optimisation Study (Advancing to Scoping Study) ASX:VKA vikingmines.com Proved: 1.12Mt @ 0.95% V2O5 Probable: 43.36Mt @ 0.89% V2O5 TOTAL: 44.48Mt @ 0.89% Proved: 10.5Mt @ 1.11% V2O5 Probable: 20.4Mt @ 1.07% V2O5 TOTAL: 30.9Mt @ 1.09% V2O5 (Source: https://www.tmtlimited.com.au/m urchison-technology-metalsproject/mineral-resources-orereserves/) (Source: https://www.australianvanadium.c om.au/our-assets/the-australianvanadium-project/) DFS Complete BFS Complete Exploration Probable: 27.6Mt @ 0.57% V2O5 TOTAL: 27.6Mt @ 0.57% V2O5 (Source: https://atlanticptyltd.com.au/proje cts/windimurra/geology-reservesresources ) Probable: 87.5Mt @ 0.49% V2O5 TOTAL: 87.5Mt @ 0.49% V2O5 (Source: https://www.surefireresources.co m.au/project/vanadiumresources/) (Source: https://wcsecure.weblink.com.au/ pdf/NMT/02666246.pdf) (Source: https://atlanticptyltd.com.au/proje cts/windimurra/geology-reservesresources) PFS Complete PFS Complete DFS Complete 15 Appendix 2 – Canegrass Mineral Resource Estimate Global MRE i Cut-Off V2O5% Model Deposit From November 2023 Model Fold Nose Kinks South Kinks Combined To JORC (2012) Classification Volume Density Tonnes Tonnage (Mt) V2O5 % Fe % Fe2O3 % TiO2 % Cu % Ni % Co % Al2O3 % SiO2 % P % P2O5 % LOI % V2O5 T V2O5 BLbs Mt Fe Mt TiO2 Cu T Ni T Co T 0.00 0.50 Inferred 5,888,852 3.3 19,650,571 19.7 0.44 21.8 31.2 4.1 0.056 0.046 0.012 15.8 31.9 0.005 0.01 1.4 86,017 0.19 4.3 0.8 11,063 9,122 2,296 0.50 0.80 Inferred 16,751,576 3.6 60,641,026 60.6 0.65 30.3 43.3 6.2 0.057 0.059 0.015 13.1 23.2 0.004 0.01 1.8 396,405 0.87 18.4 3.8 34,427 35,965 8,989 3.9 14,468,533 14.5 0.87 37.5 53.6 8.0 0.070 0.071 0.018 9.9 16.5 0.004 0.01 1.3 125,508 0.28 5.4 1.2 10,102 10,343 2,675 75,109,560 75.1 0.69 31.7 45.3 6.5 0.059 0.062 0.016 12.5 21.9 0.004 0.01 1.7 521,913 1.15 23.8 4.9 44,530 46,308 11,664 0.80 Inferred 3,710,784 >0.5 Inferred 20,462,360 0.00 0.50 Inferred 2,115,784 3.7 7,800,150 7.8 0.42 21.2 30.3 4.4 0.044 0.041 0.011 18.0 31.4 0.007 0.02 3.7 32,893 0.07 1.7 0.3 3,417 3,214 835 0.50 0.80 Inferred 5,121,216 3.8 19,611,721 19.6 0.65 30.1 43.1 6.1 0.071 0.066 0.016 11.8 22.4 0.003 0.01 2.5 128,032 0.28 5.9 1.2 13,877 12,983 3,090 0.80 Inferred 2,460,284 3.9 9,573,436 9.6 0.88 36.8 52.7 8.0 0.076 0.071 0.019 8.6 16.3 0.003 0.01 1.7 84,614 0.19 3.5 0.8 7,285 6,814 1,783 >0.5 Inferred 7,581,500 29,185,158 29.2 0.73 32.3 46.2 6.7 0.073 0.068 0.017 10.7 20.4 0.003 0.01 2.3 212,647 0.47 9.4 2.0 21,162 19,797 4,873 0.00 0.50 Inferred 937,416 3.6 3,336,852 3.3 0.47 22.9 32.8 5.0 0.051 0.037 0.012 16.7 30.1 0.010 0.02 0.7 15,734 0.03 0.8 0.2 1,688 1,251 403 0.50 0.80 Inferred 10,182,016 3.7 38,032,009 38.0 0.66 31.2 44.7 6.4 0.074 0.057 0.016 11.3 22.8 0.009 0.02 1.3 251,368 0.55 11.9 2.4 28,057 21,671 6,148 0.80 Inferred 883,732 3.9 3,452,161 3.5 0.84 38.2 54.6 8.1 0.080 0.069 0.020 7.6 16.8 0.004 0.01 1.0 28,830 0.06 1.3 0.3 2,755 2,396 674 >0.5 Inferred 11,065,748 41,484,170 41.5 0.68 31.8 45.5 6.6 0.074 0.058 0.016 11.0 22.3 0.008 0.02 1.3 280,198 0.62 13.2 2.7 30,812 24,067 6,822 0.00 0.50 Inferred 8,942,052 3.4 30,787,573 30.8 0.44 21.8 31.1 4.3 0.053 0.044 0.011 16.4 31.6 0.006 0.01 1.9 134,643 0.30 6.7 1.3 16,168 13,586 3,534 0.50 0.80 Inferred 32,054,808 3.7 118,284,756 118.3 0.66 30.6 43.7 6.3 0.065 0.060 0.015 12.3 22.9 0.006 0.01 1.8 775,805 1.71 36.1 7.4 76,361 70,619 18,227 3.9 27,494,131 27.5 0.87 37.3 53.4 8.0 0.073 0.071 0.019 9.1 16.5 0.003 0.01 1.4 238,953 0.53 10.3 2.2 20,142 19,553 5,132 145,778,887 145.8 0.70 31.8 45.5 6.6 0.066 0.062 0.016 11.7 21.7 0.005 0.01 1.7 1,014,758 2.237 46.4 9.6 96,503 90,172 23,359 0.80 Inferred 7,054,800 >0.5 Inferred 39,109,608 Pit Optimisation Study ii Deposit Cut-off % V2O5 JORC (2012) Classification Tonnage (Mt) V2O5 % Fe % Cu % Ni % Co % TiO2 % Fold Nose 0.7 Inferred 39.0 0.81 36.0 0.068 0.070 0.018 7.6 Kinks 0.7 Inferred 15.9 0.77 35.5 0.080 0.080 0.018 7.4 Kinks South 0.7 Inferred 6.3 0.85 36.7 0.074 0.074 0.018 7.8 Total 0.7 Inferred 61.2 0.81 35.9 0.071 0.069 0.018 7.6 ASX:VKA vikingmines.com i) ii) Viking Mines (ASX:VKA) ASX Announcement 20 November 2023 - VIKING DELIVERS >100% GROWTH AT CANEGRASS WITH 2.2 B LBS OF VANADIUM PENTOXIDE Viking Mines (ASX:VKA) ASX Announcement 18 March 2024: VKA DELIVERS SUCCESSFUL PIT OPTIMISATION 61MT AT 0.81% V2O5 16