Viking Mines Limited · ASX:VKA
Viking Mines — RIU Sydney Resources Round-up 2024
19 slides from Viking Mines's conference presentation, May 7, 2024
Slide 1: Battery Minerals Developer Focused on Critical Mineral Vanadium
For personal use only Battery Minerals Developer Focused on Critical Mineral Vanadium RIU Sydney Resources Round-up Conference Presentation May 2024 ASX:VKA
Slide 2: Disclaimer & Competent Persons Statements
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 t
Slide 3: Corporate Overview
Corporate Overview ASX Code Share Price Shares on Issue Board and Management VKA $0.011 1.025B For personal use only (2 May 2024) Market Cap Cash Enterprise Value Charles Thomas Julian Woodcock Michael Cox Bevan Tarratt $11.3M $4.4M ~$7.0M Chairman Managing Director & CEO Non-Executive Director Non-
Slide 4: Two Projects Located in WA, a Tier Jurisdiction
Two Projects Located in WA, a Tier 1 Jurisdiction Ranked #2 in 2022 Fraser Institute Annual Survey For personal use only Canegrass Battery Minerals Project • Outcropping hard-rock vanadium magnetite project, located in the Murchison Region, WA. • 60km from the township of Mount Magnet, with sealed a
Slide 5: Vanadium Critical, Industrial and Battery Mineral
Vanadium Critical, Industrial and Battery Mineral Established Critical Mineral with Massive Growth Potential For personal use only 91% of global Established industrial Main component in 90% of supply used by the production comes from mineral, primarily used Vanadium Redox Flow steel sector, new mine
Slide 6: Vanadium Alternate Energy Storage Solution
Vanadium Alternate Energy Storage Solution Vanadium Redox Flow Battery (VRFB) Significant advantages For personal use only • Growing demand for safe long lifespan energy over Li-Ion batteries storage, with limited degradation. VRFB battery revolution is underway. • Commercial production occurring gl
Slide 7: Canegrass Battery Minerals Project
Canegrass Battery Minerals Project Rapidly Advancing Project to Development For personal use only • Consistently delivering on key milestones: ✓ Discovery of new Kinks South Deposit ✓ Doubled contained Vanadium in Global MRE i ✓ Metallurgical testwork confirms potential of multicommodity value strea
Slide 8: Fold Nose High-Grade Open Pit Resource
Fold Nose High-Grade Open Pit Resource Pit Constrained MRE 39Mt @ 0.81% V2O5 & 36% Fe V2O5% (>0.7% V2O5 cut-off) i 0.5 – 0.8 For personal use only 0.8 – 1.0 Fold Nose Deposit delivers long life open pit with: >= 1.0 • Large open pit 1,300m x 600m x 180m • Low strip ratio at 3.7:1 • Conceptual mine l
Slide 9: Flow Sheet Optimisation Underway
Flow Sheet Optimisation Underway Opportunity to Improve Project Economics Mining Crush/grind Magnetic Separation Tail Concentrate For personal use only Metallurgical Testwork on Fold Nose Ore Well Advanced: • 86.7% V2O5 total recovery from ore feed, with a 53% mass Iron (Fe) Residue Roasting Flotati
Slide 10: Murchison Region Vanadium Focussed Projects
Murchison Region Vanadium Focussed Projects Regional Vanadium/Titanium Projects For personal use only AUSTRALIAN SUREFIRE VIKING MINES ATLANTIC COMPANY VANADIUM RESOURCES (ASX:VKA) (ASX:AVL) (PRIVATE) (ASX:SRN) Australian Vanadium Victory Bore Canegrass Battery PROJECT Project & TMT Windimurra & Min
Slide 11: Strategic Options to Release Value
Strategic Options to Release Value Produce Magnetic For personal use only Produce V2O5 Flake Concentrate Low capital cost option High capital cost option Produce direct ship ore Develop full process and produce concentrate for supply Multiple options V2O5 flake for sale to market to steel industry a
Slide 12: First Hit Project Lithium & Gold Opportunity
First Hit Project Lithium & Gold Opportunity Substantial Land Package in Prolific Lithium/Gold Region For personal use only • The First Hit Project landholding totals 493km2 (granted and under application)i in the WA Goldfields. • Centred around the historic high-grade First Hit Gold Mine, which his
Slide 13: First Hit Lithium
First Hit Lithium Eight High-Priority Lithium Targets Identified For personal use only • 1220-hole auger programme completed over 55km2. • Defined nineteen lithium anomalies throughout the area, with eight immediate priority targets. i • Significant in size, with the three largest measuring 2.0km x
Slide 14: First Hit Gold
First Hit Gold Historically Produced ~30koz Au at ~7.7g/t Au For personal use only • Historical producing high-grade gold project located in the Eastern Goldfields of WA. • Several high-priority follow up targets identified from Vikings previous drilling. Jana’s Reward Target i • New structural posi
Slide 15: Delivering on Key Milestones & Fully Funded for Future
Delivering on Key Milestones & Fully Funded for Future Development Pathway Preliminary pit optimisation Activity Q1 CY24 Q2 CY24 Q3 CY24 Q4 CY24 studies completed delivering Canegrass Battery Minerals Project For personal use only multiple large open pits on all deposits. Pit Optimisation Study Stag
Slide 16: VKA Investment Summary
VKA Investment Summary For personal use only Exposure to critical mineral Large MRE with demonstrated Vanadium with Fe, Ti, Cu, Ni, open pit potential, de-risking & Co upside the project + additional Li & Au Projects Consistently delivering on key Undervalued compared to milestones with fully funded
Slide 17: For more information please contact
For personal use only For more information please contact: Julian Woodcock Managing Director & CEO P +61 8 6245 0870 Zander Beacham White Noise Communications E zander@whitenoisecomms.com
Slide 18: Appendix – Vanadium Company Snapshot
Appendix 1 – Vanadium Company Snapshot VIKING MINES AUSTRALIAN VANADIUM VENUS METALS SUREFIRE RESOURCES NEOMETALS ATLANTIC PTY LTD COMPANY (ASX:VKA) (ASX:AVL) (ASX: VMC) (ASX:SRN) (ASX:NMT) (PRIVATE) For personal use only Murchison Technology Metals Australian Vanadium Victory Bore and Canegrass Pro
Slide 19: Appendix – Canegrass Mineral Resource Estimate
Appendix 2 – Canegrass Mineral Resource Estimate Global MRE i Cut-Off V2O5% JORC Tonnage V2O5 Fe Fe2O3 TiO2 Cu Ni Co Al2O3 SiO2 P P2O5 LOI V2O5 V2O5 Mt Mt Cu Ni Co Model Deposit (2012) Volume Density Tonnes For personal use only (Mt) % % % % % % % % % % % % T BLbs Fe TiO2 T T T Classification From T