Viking has entered into binding agreements to divest 12 tenements encompassing its non-core First Hit Gold Project to First Au Limited (ASX: FAU).

Total transaction value of $5M, comprised of:

• Upfront consideration of $2.2 million, comprising $1.2 million in cash and $1.0 million in FAU shares.

• Up to a further $2.8 million in FAU performance rights, payable progressively as FAU achieves defined drilling and Mineral Resource milestones on the tenure.