VKA PRESENTATION - IMARC SYDNEY
Released
Released
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
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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
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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
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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
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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
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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
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