Viking Mines Limited · ASX:VKA

Viking Mines — Viking Ashanti — Indaba Conference 2011

14 slides from Viking Mines's conference presentation, Feb 7, 2011

  1. Slide 1: Viking Ashanti Limited Indaba Presentation

    For personal use only Viking Ashanti Limited Indaba Presentation February 2011 www.vikingashanti.com

  2. Slide 2: Disclaimer

    Disclaimer For personal use only 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 good faith. Certain information in this document has been derived f

  3. Slide 3: Viking Ashanti Overview

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

  4. Slide 4: Exploration Update

    Exploration Update For personal use only • West Star/Blue River - initial 10 hole RC program completed July 2010, delivering positive results • Akoase East – 2,000m diamond drilling program in progress to expand existing 500,000 oz resource. Further 8,000m of RC planned. Regular news flow • Soil sam

  5. Slide 5: Ghana – Good as Gold

    Ghana – Good as Gold For personal use only ƒ Politically and socially stable ƒ Excellent infrastructure and services for exploration and mining ƒ 25 year successful track record of modern mining ƒ 2.8Moz pa gold production in 2009 and increasing, ranks #2 in Africa and #10 in world 5

  6. Slide 6: Project Locations in Southern Ghana

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

  7. Slide 7: Akoase East Project

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

  8. Slide 8: Akoase East – Resource Growth

    Akoase East – Resource Growth For personal use only ƒ Gold mineralisation hosted in quartz veined and sheared sediments ƒ Geochemistry and geophysics confirms potential for strike extensions ƒ RC and diamond drilling underway to increase resource immediately along strike to NE and SW, and at depth 8

  9. Slide 9: Akoase East – Exploration Upside

    Akoase East – Exploration Upside For personal use only ƒ Soil geochemistry and trenching in progress – defining new targets ƒ Diamond drilling at depth - still shallow by gold exploration standards ƒ RC drilling - test near surface strike extensions ƒ Numerous untested anomalies 9

  10. Slide 10: 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). 10

  11. Slide 11: West Star and Blue River Projects

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

  12. Slide 12: West Star & Blue River

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

  13. Slide 13: 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 13

  14. Slide 14: Summary – Investment Highlights

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

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