MAIDEN DRILLING AT LINKA TUNGSTEN DELIVERS 14M @ 0.56% WO3
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
10 September 2026
ASX:VKA
OTC:VKALF
vikingmines.com
15-17 Old Aberdeen Place
West Perth, WA, 6005
P +61 8 6245 0870
F +61 8 9322 5230
contact@vikingmines.com
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MAIDEN LINKA DRILLING DELIVERS EXCEPTIONAL
TUNGSTEN INTERCEPT: 14 METRES @ 0.56% WO3
• LKRC0002, the first hole drilled into the historic Linka Mine area, intersected 14m at
0.56% WO3 from 40m downhole (estimated true width ~9m), including 5m at 0.81%
WO3 from 47m.
• Individual 1m samples grade up to 1.18% WO3 and are hosted in tactite (skarn),
consistent with the Company’s 3D geological model.
• The intercept is approximately 38m vertically below surface, directly down dip of the
historic mined stope, confirming mineralisation extends below the mined workings.
• Assay results are consistent with recorded historic production at Linkai
of ~0.49% WO3
and support validation of the historic mining records.
• Laboratory assays validate the Company’s visual scheelite logging, with the 14m
assayed interval matching closely to the 12m visual estimateii
.
• Assays for subsequent holes are pending, with next batch of results expected mid to
late September.
• Encouraging first regional hole intersects 4.5m of limestone above the monzonite,
providing potential host rock across the broader monzonite intrusion.
• To date Viking has completed 16 RC drillholes at Linka with drilling and geological
logging ongoing.
Viking Mines Limited (ASX: VKA, OTCID: VKALF) (“Viking” or “the Company”) is pleased to
report the first assay results from its maiden reverse circulation (“RC”) drilling programme at the
Linka Tungsten Project in Nevada, USA. LKRC0002, the first hole drilled into the historic Linka
Mine area, has returned 14m at 0.56% WO3 (Figure 1) from 40m downhole (estimated 9m true
width), confirming tungsten mineralisation directly beneath the historic workings.
Figure 1; Chip tray from LKRC0002 showing 14m at 0.56% WO3 and individual 1m assays through the mineralised zone in both
shortwave UV (bottom) and natural light (top).
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Viking Mines Managing Director & CEO Julian Woodcock said:
“This is exactly the result we were targeting at Linka. Our first hole into the mine area has returned
an excellent 14m at 0.56% WO3 from just 40m downhole, including 5m at 0.81% WO3, yielding
grades and widths consistent with those produced by mining through the 1950’s.”
“Mineralisation continues below the workings, exactly where our 3D geological model predicted
it. Just as importantly, the assays have landed within the range of our visual scheelite estimates,
which gives us confidence in the shortwave UV logging calls being made at the rig as the
programme advances.”
“Additional samples are in the laboratory queue and the rig continues to turn. Every metre of
confirmed mineralisation continues to advance Linka on our pathway towards tungsten production
in the USA.”
Shareholders are encouraged to view a short video interview (here), with Managing
Director Julian Woodcock, in which he discusses the Linka drill results and what they mean
for the next phase of work at Linka.
ASSAY RESULTS
Assay results have been received from ALS Laboratories in Reno, Nevada for LKRC0002, the first
hole of the maiden drilling programme to test within the historic Linka Mine area. The hole was
designed to validate historic drilling, verify historic grades and widths, and to test the continuity
of mineralisation beneath the historic 150ft level workings.
Figure 2; Cross section through the historic Linka Mine (looking south-west) showing LKRC0002 assay results relative to the
historic stope, 150ft level and shaft workings. Grid NAD83 / UTM Zone 11N. Intervals are downhole lengths. Drillhole traces
and historic workings after the Company’s 3D geological model and Stager & Tingley (1988).
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LKRC0002 intersected a 14m zone of tungsten mineralisation (estimated true width of 9m) from
40m downhole (Table 1), with individual 1m samples grading up to 1.18% WO3 (Figure 1 &
Appendix 1). Mineralisation is hosted in tactite (skarn) and corresponds to the zone of strong
disseminated and coarse scheelite logged under shortwave UV light during drillingii
.
Table 1; Significant intercepts, LKRC0002, Linka Tungsten Project. Intervals are downhole lengths; estimated true width
~9m >0.1% WO3 cut-off grade. Refer to Appendix 1 for full list of 1m assay results.
Hole ID From (m) To (m) Interval (m) WO3 %
Cut-Off-Grade
WO3 %
LKRC0002 40 54 14 0.56 0.10
including 47 52 5 0.81 0.50
The top of the mineralised interval lies approximately 38m vertically below surface and extends
beneath the historic stope which was mined from the 150ft level in 1955-56 (Figure 2). The
intercept confirms that mineralisation continues below the mined void and extends down dip.
Assay results for LKRC0003 and subsequent holes in the programme are pending with results
from the second batch of samples expected around mid-late September.
DRILLING PROGRAMME UPDATE
As of 9 September, 16 holes have been drilled at the Linka Project, with 13 holes completed
around the Linka (Main) pit and workings, 2 regional exploratory holes and 1 hole at the southwest
extension.
Linka (Main) Pit
Drilling around the Linka (main) Pit continues to intersect mineralisation with multiple zones of
skarn and tactite encountered (Figure 3). Logging of the zones continues, and the Company will
provide a detailed update of visual scheelite intercepts seen once logging and photographing is
complete.
Initial logging has identified multiple thick and prospective zones and are undergoing verification
by Company geologists using shortwave UV light to identify scheelite bearing zones. An update
will be provided once this work is complete.
Southwest Extension
Drilling initially commenced at the southwest extension and to date has not yet intersected the
target limestone/monzonite contact. LKRC0001 had to be abandoned at ~36m prior to reaching
the target depth (120m) due to unexpected cover sequence ground conditions limiting the ability
to continue the hole. The Company prioritised moving to the Linka (Main) Pit and will return to
the highly prospective southwest extensions later in the programme.
Regional Exploration
The regional exploratory holes have encountered some early success with hole LKRC0013 (Figure
4) located 0.35km west of the Linka Main shaft. Younger cover (Bates Mountain Tuff) was
encountered from surface to 16.8m depth which then transitioned into limestone (to a depth of
21.3m) and then into the monzonite intrusive.
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This is a significant result early in the programme as the drillhole demonstrates that limestone is
preserved above the intrusion, providing significant opportunity for the discovery of additional
scheelite mineralisation across the broader intrusive.
Prior to drilling, the interpretation anticipated drilling directly into the monzonite intrusion below
the younger tuff. This hole has now confirmed that there is a greater extent of limestone in the
area than previously thought, raising the potential for new discovery.
Figure 3; Map showing location of holes drilled around the Linka Main Pit. Estimates of visual
abundance previously reported to ASX on 19th
August 2026. Holes LKRC0005 to LKRC0016
undergoing detailed geological logging to assess for scheelite content.
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Figure 4; Map showing location of Linka Main and regional hole LKRC0013. Note geology intercepted in hole LKRC0013
showing encouraging signs with 4.5m of limestone logged above the monzonite intrusive.
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NEXT STEPS
The Company’s near-term workstreams for the Linka Tungsten Project include:
• Assay results for LKRC0003 and subsequent holes to be reported as they are received and
validated.
• Delivery of samples to ALS Reno for analysis.
• Continuation of the maiden RC drilling programme across the Linka Main, south-west
extension and regional target areas.
• Logging of visual intercepts and reporting of observations.
• Metallurgical testwork on ore-sorted products continuing to inform the conceptual process
flowsheet.
END
This announcement has been authorised for release by the Board of the Company.
Julian Woodcock
Managing Director and CEO
Viking Mines Limited
For further information, please contact:
Michaela Stanton-Cook - Company Secretary
Viking Mines Limited
+61 8 6245 0870
Learn more about Viking Mines via our investor hub here.
i
ASX announcement 16 December 2025: VKA to acquire production proved USA tungsten projects.
ii
ASX announcement 19 August 2026: Viking drills wide scheelite zones at Linka.
Competent Persons Statement – Exploration Results
Information in this release that relates to Exploration Results is based on, and fairly represents, information and supporting
documentation compiled by Mr Julian Woodcock, who is a Member of the Australian Institute of Mining and Metallurgy
(MAusIMM(CP) – 305446). Mr Woodcock is a full-time 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’. Mr Woodcock consents to the disclosure of the information in this report in the form and context in
which it appears.
Forward-Looking Statements
This document may include forward-looking statements. Forward-looking statements include, but are not limited to, statements
concerning Viking Mines Limited’s planned exploration programme and other statements that are not historical facts. When used
in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may”, "potential," "should," and similar
expressions are forward-looking statements. Although Viking Mines Limited believes that its expectations reflected in these
forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that
actual results will be consistent with these forward-looking statements.
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ABOUT THE LINKA TUNGSTEN PROJECT
The Linka Tungsten Project is located in Lander and Pershing counties, Nevada, USA, and
comprises three historically producing tungsten mines: Linka, Conquest and Hillside.
Mineralisation occurs as scheelite-bearing skarn developed in limestone along the contact with
granitic intrusive rocks. The mines produced approximately 65,000 tonnes at 0.5% WO₃ through
a 360 tonne-per-day mill up to 1956, when operations ceased in response to the prevailing
tungsten price rather than for geological reasons. Linka's historical mill grade of approximately
0.5% WO₃ ranks among the highest of comparable global tungsten projects.
In December 2025 Viking signed a binding term sheet to acquire a 100% interest in the Project
and is pursuing a brownfields restart strategy that builds on substantial existing infrastructure,
including a 150ft (~46m) shaft, historic pits and underground workings, an on-site ROM pad and
historical tailings dam, and approximately 8.5km² of consolidated mining claims, with sealed
highway within 7km and grid power within 4km. Digitisation of 72 historical drillholes (2,908m)
has extended the known mineralised trend to 1.6km within an interpreted ~7km regional intrusive
contact that remains largely untested. Surface sampling has returned grades up to 14.7% WO₃,
and recent metallurgical testwork has produced a 56.9% WO₃ concentrate at 76.0% recovery
using conventional gravity and flotation. With tungsten designated a critical mineral and US
defence procurement restrictions affecting tungsten sourced from covered countries taking effect
from 1 January 2027, the Project is positioned to advance evaluation of a potential domestic
restart.
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APPENDIX 1 – DRILLHOLE INFORMATION & ASSAY RESULTS
.
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APPENDIX 2 – JORC CODE, 2012 EDITION – TABLE 1
JORC Table 1, Section 1 – Sampling Techniques and Data
Criteria JORC Code explanation Commentary
Sampling
techniques
Nature and quality of sampling (e.g. cut channels, random chips, or specific
specialised industry standard measurement tools appropriate to the minerals
under investigation, such as downhole gamma sondes, or handheld XRF
instruments, etc.). These examples should not be taken as limiting the broad
meaning of sampling.
RC chip samples are collected at the drill rig during the drilling process. The full drilling interval is
collected from the sampling system on the drill rig into plastic bags. The sample is sieved to collect a
portion of chips for geological logging. The chips are subsequently lamped using a shortwave UV light
(254nm) to assess visually scheelite content.
Include reference to measures taken to ensure sample representivity and the
appropriate calibration of any measurement tools or systems used.
For each sample interval, RC sample recovery is monitored for excessive sample loss and recorded to
ensure sample representivity. Sample condition (dry/moist/wet) is also recorded to ascertain sample
quality.
Aspects of the determination of mineralisation that are Material to the Public
Report. In cases where ‘industry standard’ work has been done this would be
relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples
from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other
cases more explanation may be required, such as where there is coarse gold that
has inherent sampling problems. Unusual commodities or mineralisation types
(e.g. submarine nodules) may warrant disclosure of detailed information
RC drilling is used to obtain either 1m, 2.5ft (0.76m) or 5ft (1.52m) sample intervals depending on the
drilling rig being used and tooling available (metric vs imperial length drill rods). The full sample is
retained from the drill rig sampling system into plastic bags.Dry samplesare processed through a 3-tier
riffle splitter to representatively reduce the sample mass to obtain a sub-sample (12.5% of original
sample mass) for laboratory analysis.
For hole LKRC0002 a different sampling system was used with a rig mounted riffle splitter. The company
determined the system was not suitable for the wet sample which was being produced and to mitigate
any errors, both the split and the remaining sample were collected into plastic bags. The full split was
collected and sent for analysis along with a duplicate sample from the reject bag. More details are
provided below on the QAQC procedures adopted for this hole.
The geologist at the rig determines the sample intervals to be selected for analysis using indicators such
as geological logging and utilising a shortwave UV light to determine presence of scheelite. General
procedure is to sample approximately 5m above and below the suspected mineralised intervals.
Samples selected for analysis are delivered to ALS laboratory in Reno, Nevada and are prepared using
lab method PREP-31BY which involves drying and subsequent crushing to 70% less than 2mm. Where
samples are >1kg, a 1kg subsample is collected using a rotary splitter. The 1kg (or less) sample is then
pulverised to better than 85% passing 75 microns.
The pulverised samples are analysed using lab method ME-MS89L is used which is considered total
using a lithium meta-borate fusion and ICP-MS finish.
Drilling
techniques
Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast,
auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard
tube, depth of diamond tails, face-sampling bit or other type, whether core is
oriented and if so, by what method, etc.).
Reverse circulation (RC) drilling using a face-sampling hammer is utilised. For hole LKRC0001 to
LKRC0006 a 5.25-inch diameter bit was utilised. For holes LKRC0007 onwards, a 4.5-inch diameter bit
has been utilised.
Drill sample
recovery
Method of recording and assessing core and chip sample recoveries and results
assessed.
RC drilling recoveries are visually estimated and recorded as part of geological logging and sampling
process and is estimated as either Good, Fair, Poor or No sample.
Measures taken to maximise sample recovery and ensure representative nature
of the samples.
RC drilling sample recovery is monitored to ensure representivity of the samples. High pressure air
compressors with auxiliary boosters and compressors are used to maximise sample recovery from the
drillhole. Drilling equipment and procedures are suitable to maximise sample recovery and the
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Criteria JORC Code explanation Commentary
representative nature of the samples. Sample weights are recorded by the laboratory and reviewed to
ensure consistent sample weights are produced.
Whether a relationship exists between sample recovery and grade and whether
sample bias may have occurred due to preferential loss/gain of fine/coarse
material.
RC drilling uses industry standard drilling equipment and procedures that are suitable to maximise
sample recovery and ensure the representative nature of the samples. Insufficient data has been
collected to establish if any bias is present due to loss/gain of fine/coarse material.
Logging
Whether core and chip samples have been geologically and geotechnically
logged to a level of detail to support appropriate Mineral Resource estimation,
mining studies and metallurgical studies.
Geological logging of all RC drill cuttings is undertaken. No geotechnical logging has been undertaken.
Logging of RC chips is sufficient to support future studies.
Whether logging is qualitative or quantitative in nature. Core (or costean,
channel, etc.) photography.
Geological logging of RC chips is qualitative in nature. Quantitative estimates (visual percentage
estimates) are undertaken for abundance of key minerals (including scheelite). Photographs are taken of
all RC chip trays under natural and shortwave UV (254nm) light to identify fluorescent minerals.
The total length and percentage of the relevant intersections logged. 100% of RC drilling is logged.
Subsampling
techniques and
sample
preparation
If core, whether cut or sawn and whether quarter, half or all core taken. Not applicable.
If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled
wet or dry.
Splitting of dry samples produced by the drill rig is undertaken using a 3 tier riffle splitter to obtain a
12.5% split, with the full sample from the drilling interval (1m, 2.5ft or 5ft) put through the riffle splitter.
For wet samples produced by the drill rig for hole LKRC0002, the whole sample is collected from the rig
mounted riffle splitter and submitted to the laboratory for analysis. For duplicate wet samples, a scoop is
collected from the reject sample bag. At the laboratory, samples are dried and those <1kg are not split
prior to pulverising. If samples are >1kg they are crushed and rotary split at the laboratory to <1kg
before being pulverised
For all sample types, the nature, quality and appropriateness of the sample
preparation technique.
For dry samples, the sample preparation and sub-sampling techniques are appropriate for this material’s
mineralogical makeup. For wet samples, the sampling method is not industry best practice and the
company mitigates the risk by increasing the volume of duplicate sampling to determine the effects. In all
cases, the primary commodity being assessed is measured in % which reduces the risk and impacts of
variability in the sampling method due to the relatively high concentrations of the commodity.
Quality control procedures adopted for all subsampling stages to maximise
representivity of samples.
Standard laboratory procedures adopted for analysis of samples including laboratory duplicate sample
analysis and standards. Duplicate sampling has been applied to the RC drill programme (see details
below) to measure repeatability of samples. Standards (1:40 samples) and blanks (1:40 samples) are
inserted by Viking Mines into the sampling sequence to both check accuracy and precision of the
analytical technique and for any contamination in the analytical process. Results are checked on receipt
of assay batches and QAQC reports produced by Viking Mines database manager for checking by the
geologist.
Measures taken to ensure that the sampling is representative of the in-situ
material collected, including for instance results for field duplicate/second-half
sampling.
For dry samples, the company collects scoop samples from the RC sample reject from the riffle splitter at
a ratio of ~1:50 samples. Laboratory analysis involved the duplicate analysis of certain samples are part of
the routine lab QAQC.
For hole LKRC0002, the company collected field duplicates via scoop samples from each sample interval
to review the impacts of the wet sampling. The mineralised interval was identified in the duplicate
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Criteria JORC Code explanation Commentary
samples and an average grade was returned of 14m at 0.47% WO3 vs the original result of 14m at 0.56%
WO3. The duplicate sample predominantly analysed at a lower level. The cause of this variance has not
been determined and further data is required from the ongoing drill programme to determine if it is
statistically relevant.
Whether sample sizes are appropriate to the grain size of the material being
sampled.
The visual distribution of the grain size of the mineralisation seen under UV light indicates a range from
coarse to fine. The Competent Person considers the current methods and processes described as
appropriate for this style of mineralisation due to the grade of mineralisation being reported being
measured in percents and the large diameter hole being used (4.25-inch to 5.25-inch).
Quality of
assay data and
laboratory
tests
The nature, quality and appropriateness of the assaying and laboratory
procedures used and whether the technique is considered partial or total.
The assaying techniques utilised lab method W-MS89L which utilises a lithium meta-borate fusion and
ICP-MS finish. This technique is considered to be total and appropriate for the style of mineralisation
being investigated, specifically to ensure full digest of the scheelite to obtain a representative tungsten
assay.
For geophysical tools, spectrometers, handheld XRF instruments, etc., the
parameters used in determining the analysis including instrument make and
model, reading times, calibrations factors applied and their derivation, etc.
Not applicable.
Nature of quality control procedures adopted (e.g. standards, blanks, duplicates,
external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of
bias) and precision have been established.
The company inserts one certified reference material every 20 samples, one blank every 25 samples and
selects one duplicate every 10 samples within suspected mineralised zones and the geologist discretion.
The analytical laboratory inserted blanks and standards and undertook duplicate analysis on a selection
of pulps. No issues were identified or reported by the laboratory and acceptable levels of accuracy and
precision have been determined with the analytical technique. No umpire analysis has been conducted
which would be required to check for any laboratory bias.
Verification of
sampling and
assaying
The verification of significant intersections by either independent or alternative
company personnel.
Significant intersections have not been verified by either independent or alternative company personnel.
The use of twinned holes. No twinned holes have been drilled at this stage.
Documentation of primary data, data entry procedures, data verification, data
storage (physical and electronic) protocols.
Primary data for drill cuttings, including sample number, depth, colour, grain size, weathering, lithology,
alteration, rock fabric and the presence of minerals potentially related to mineralisation are collected in
the field and entered into a spreadsheet which is then uploaded into relational (Maxwell Datashed)
database. Data is managed using the company’s sharepoint system.
Discuss any adjustment to assay data.
The laboratory reports tungsten in its elemental for as W%. This is converted into Tungsten Oxide (WO3)
using stochiometric conversion factor by multiplying W% by 1.2611.
Location of
data points
Accuracy and quality of surveys used to locate drillholes (collar and downhole
surveys), trenches, mine workings and other locations used in Mineral Resource
estimation.
Drillhole collar positions are initially located using a handheld GPS with an accuracy of +/-5m (z). Upon
completion of the drilling programme a differential GPS (accuracy +/- 0.5m) will be used to accurately
obtain the collar coordinates. The downhole azimuth and dip are surveyed using a downhole north
seeking gyro tool with an accuracy of +/- 1 degree for the azimuth and +/-0.1 degrees for the dip.
No MRE is being reported, but the methods being used are deemed suitable for any future MRE
estimation.
Specification of the grid system used. The adopted grid system is NAD83/UTM Zone 11N and all data are reported in these coordinates.
Quality and adequacy of topographic control. Publicly available LiDAR data from the USGS is at 1m accuracy and considered of a high quality.
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Criteria JORC Code explanation Commentary
Data spacing
and
distribution
Data spacing for reporting of Exploration Results.
Results are reported for individual drillholes from the company’s maiden drilling programme at Linka.
See map in the body of the report for data spacing of drillholes. Drill spacing ranges from close (<10m)
to far (>200m).
Whether the data spacing and distribution is sufficient to establish the degree of
geological and grade continuity appropriate for the Mineral Resource and Ore
Reserve estimation procedure(s) and classifications applied.
Drilling needs to be completed before this can be determined. Currently no mineral resource estimate is
being reported. However, the drill programme has been designed to establish an appropriate degree of
geological and grade continuity to report a mineral resource in the future (subject to analysis of drilling
results to verify the continuity).
Whether sample compositing has been applied.
No sample compositing has been applied beyond the length-weighted aggregation of 1m assays
described in the body of the report.
Orientation of
data in relation
to geological
structure
Whether the orientation of sampling achieves unbiased sampling of possible
structures and the extent to which this is known, considering the deposit type.
Due to the steep nature and azimuth of some of the drillholes being reported, the intervals may have
incurred a length bias, however the historical geological information does demonstrate abrupt changes
in strike and dip of the mineralisation. Based on the current geological interpretation, hole LKRC0002
which is being reported is not drilling perpendicular to mineralisation.
If the relationship between the drilling orientation and the orientation of key
mineralised structures is considered to have introduced a sampling bias, this
should be assessed and reported if material.
The 14m downhole intercept in LKRC0002 is estimated from the Company’s 3D geological model to
represent a true width of approximately 9m.
Sample
security
The measures taken to ensure sample security.
Samples were collected in the field by Viking geologists and will be shipped to ALS lab in Reno Nevada.
samples are secured and bagged and security is not deemed to be an issue.
Audits or
reviews
The results of any audits or reviews of sampling techniques and data. No audits or reviews of sampling techniques and data have been undertaken at this stage.
JORC 2012 Table 1, Section 2 – Reporting of Exploration Results
Criteria JORC Code explanation Commentary
Mineral
tenement and
land tenure
status
Type, reference name/number, location and ownership including
agreements or material issues with third parties such as joint ventures,
partnerships, overriding royalties, native title interests, historical sites,
wilderness or national park and environmental settings.
Tenements and location
The USA Tungsten Project Lode Mineral Claims are located in the state of Nevada in the USA. Details of the
Mineral Claims are presented in the table below:
Project State County Type Holder Quantity
Linka Nevada Lander Unpatented
BLK Group LLC 10
Viking Tungsten LLC 91
Alpine Nevada Pershing Unpatented BLK Group LLC 4
Long Nevada Pershing Unpatented
BLK Group LLC 4
Viking Tungsten LLC 12
Ragged Top Nevada Pershing Unpatented
BLK Group LLC 8
Viking Tungsten LLC 30
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Criteria JORC Code explanation Commentary
Terrell Nevada Nye Unpatented
BLK Group LLC 10
Viking Tungsten LLC 56
Victory Nevada Nye Unpatented Kircher Mine Development LLC 8
Third Party Interests
Viking Mines Ltd has signed a binding term sheet to acquire a 100% interest in the project BLK Group LLC
Mineral Claims and currently holds no ownership. Viking can acquire 100% interest in the claims by paying a
total of US$2.88M over a staged 7 year period. BLK group will retain a 2% NSR on all minerals recovered from
mineral claims, and Viking retains the option to buy down 1% of the NSR for US$2M.
Native Title, Historical sites and Wilderness
There are no known registered historical sites over the Project Mineral Claims. The Mineral Claims are
registered with the Bureau of Land Management. The Linka Project has split federal agency responsibility with
the Bureau of Land management managing approximately half of the claims and the US Forestry Service the
other half. All the remaining projects fall under the jurisdiction
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