Viking Mines Limited · ASX:VKA

Viking Mines — Viking Ashanti — Investor Presentation (September 2010)

23 slides from Viking Mines's investor presentation, Sep 13, 2010

  1. Slide 1: Updated Presentation

    For personal use only Viking Ashanti Limited Updated Presentation 13th September 2010 Viking Ashanti Limited (ASX: VKA) advises that it has issued the attached investor Presentation which is also now available on the company’s website. ENDS Peter McMickan Managing Director Note: The information in t

  2. Slide 2: Viking Ashanti Background

    For further information contact: Peter McMickan Managing Director Viking Ashanti Ltd pmcmickan@vikingashanti.com 0401 476 266 For personal use only Media Ian Howarth Collins Street Media 0407 822 319 ian@collinsstreetmedia.com.au Viking Ashanti Background Viking Ashanti’s Akoase gold project contain

  3. Slide 3: Investor Presentation September 2010

    For personal use only Viking Ashanti Limited Investor Presentation September 2010 www.vikingashanti.com

  4. Slide 4: Disclaimer

    Disclaimer This presentation has been prepared by Viking Ashanti Limited ( hereafter referred to as Viking Ashanti). The information contained in this presentation is a professional opinion only and is given in For personal use only good faith. Certain information in this document has been derived f

  5. Slide 5: Viking Ashanti Overview

    Viking Ashanti Overview  Listed on ASX in May 2010, raising $8 million For personal use only  Assets acquired from Resolute Mining Limited - 33.25% stake retained in VKA  All projects in the Ashanti Gold Belt of Ghana – unrivalled gold endowment  Resolute had spent $7 million to progress project

  6. Slide 6: Exploration Update

    Exploration Update For personal use only • West Star/Blue River - initial 10 hole 812m RC program completed July 2010, delivering positive results • Akoase East – initial 10 hole 1500m diamond drilling program commenced August 2010 to expand existing 500,000 oz resource. First assay results expected

  7. Slide 7: Directors and Management

    Directors and Management J.W. (Jack) Gardner (Non Executive Chairman) For personal use only  BE (Mechanical) from University of Melbourne, MBA from Curtin University  Fellow, Institution of Engineers Australia, Chartered Professional Engineer  Chief Technical Officer of KENOR, managed feasibility

  8. Slide 8: Directors and Management

    Directors and Management Trygve Kroepelien (Non Executive Director) For personal use only  MBA from Tuck School, USA  As CEO of KENOR built Lero Gold Mine designed to produce 350,000 oz in 2008. Cash takeover for US$350 million by Crew in 2006  Has extensive business and Government experience thr

  9. Slide 9: West Africa Gold Endowment

    West Africa Gold Endowment For personal use only West African Birimian is truly a world class gold province

  10. Slide 10: Ghana – Good as Gold

    Ghana – Good as Gold  Politically and socially stable For personal use only  Excellent infrastructure and services for exploration and mining  25 year successful track record of modern mining  2.8Moz pa gold production in 2009 and increasing, ranks #2 in Africa and #10 in world 8

  11. Slide 11: Project Locations in Southern Ghana

    Project Locations in Southern Ghana For personal use only  440 sq km of granted tenure  All projects close to existing projects and infrastructure – rare in West Africa  Strategic land position within highly prospective Ashanti Gold Belt  116 million ounces of proven gold reserves discovered alo

  12. Slide 12: Akoase East Project

    Akoase East Project  Discovered by Resolute in late 1990’s For personal use only  106 holes drilled for 9,500m defines 0.5 M oz resource  Mineralisation outlined over 2.5 km, open along strike and at depth  Excellent scope for resource expansion with drill ready targets Inferred JORC Resource Cu

  13. Slide 13: Akoase East Selected Drilling Results

    Akoase East Selected Drilling Results For personal use only 11

  14. Slide 14: Akoase East – Resource Growth

    Akoase East – Resource Growth  Gold mineralisation For personal use only hosted in quartz veined and sheared sediments  Resolute geochemistry and geophysics confirms potential for strike extensions  RC and diamond drilling to increase resource immediately along strike to NE and SW, and at depth 

  15. Slide 15: Akoase East Mineralization

    Akoase East Mineralization For personal use only Surface exposure of mineralization and veining Fresh sericite-ankerite- pyrite alteration and veining in AKDD001 (4.98g/t Au). 13

  16. Slide 16: West Star and Blue River Projects

    West Star and Blue River Projects For personal use only  100% interest in hard-rock earned in JV  3 licences totalling 127 sq km covers 4 main soil geochemistry anomalies  106 broad spaced RC holes drilled  Close proximity to Adamus’ 2Moz development-stage Nzema Gold Project  Other neighbouring

  17. Slide 17: West Star/Blue River – VKA drilling

    West Star/Blue River – VKA drilling For personal use only Downhole Grade (g/t Hole ID From (m) To (m) Interval Au) (m) West Star WRC041 NSA WRC038 79 80 1 1.41 WRC040 NSA WRC039 18 20 2 2.32 45 48 3 1.23 50 51 1 1.08 54 55 1 2.11 Blue River BRC080 63 65 2 0.85 72 74 2 1.01 94 100 6 6.28 BRC081 6 9 3

  18. Slide 18: West Star & Blue River

    West Star & Blue River West Star For personal use only  419 Soil Anomaly: 1200m long at up to 3.7g/t  Eastern Soil Anomaly: 2km long at up to 3g/t, extensive quartz-gossan breccia in bulldozer lines  West Star best drill results 20m @ 1.59 g/t, 4m @ 3.04 g/t Blue River  Blue River Soil Anomaly:

  19. Slide 19: Nchiadi and Nyame Dzikan Projects

    Nchiadi and Nyame Dzikan Projects For personal use only  Joint venture with Ahafo Ano South Goldfields Ltd on licences covering 209 sq km  Located 20km north west of West Star  51% equity earned for US$60,000 expenditure  Grass roots exploration properties  Proposed work program includes mappin

  20. Slide 20: Use of Exploration Funds

    Use of Exploration Funds – Years 1 & 2 For personal use only Project $ RC (m) DD (m) AC (m) Akoase East/West 2,781,700 13,500 2,600 3,500 West Star/Blue River 2,460,800 13,200 2,500 0 Nyame Dzikan/Nchiadi 90,400 0 0 0 Acquisition Opps 375,000 Capital 125,000 TOTAL 5,832,900 26,700 5,100 3,500 Alloca

  21. Slide 21: Work Schedule

    Work Schedule For personal use only Current Status Project Target Milestones Target start/finish Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 resource Akoase East resource expansion scoping study pre-feasibility study drill ready Blueriver drill to resource status scoping study drill ready Westst

  22. Slide 22: Summary – Investment Highlights

    Summary – Investment Highlights For personal use only  Operating in Ghana – stable with strong mining culture  Excellent land position in highly prospective Ashanti Gold Belt  Management team with successful track record in West Africa  Existing 500,000 oz resource base with scope for significan

  23. Slide 23: For personal use only

    For personal use only 21

Viking Ashanti — Investor Presentation (September 2010) on 6ix