Viking Mines Limited · ASX:VKA
Viking Mines — Merger or Acquisition (November 2016)
18 slides from Viking Mines's merger presentation, Nov 18, 2016
Slide 1: Argo Metals Group Acquisition
For personal use only Argo Metals Group Acquisition Extending strategy through the Reung Kiet Lithium Project and Khao Soon Tungsten Project acquisitions.
Slide 2: Important Information
Important Information For personal use only This presentation has been prepared by Viking Mines Limited (Viking Mines). The information contained in this presentation is a professional opinion only and is given in good faith. This document is dated 18 November 2016. Certain information in this docum
Slide 3: The Opportunity
The Opportunity For personal use only Viking has acquired 100% of the Thai focused Argo Metals Group Limited (Argo), providing Viking with: • A 75% interest in the Reung Kiet Lithium Project; and • An option over Argo’s right to earn 75% of the Khao Soon Tungsten Project. Reung Kiet Lithium – Key At
Slide 4: Transaction Rationale
Transaction Rationale For personal use only Acquisition fits with Viking’s strategy, to deliver shareholder value: Reung Kiet is an advanced drill ready high grade Lithium exploration project: i. Two by 1.0km lepidolite pegmatites sitting in two separate 4km trends. ii. MOU to develop a 2,500tpa Lit
Slide 5: Viking's portfolio of assets spreads political, geographic and commodity risks
For personal use only Viking’s portfolio of assets provides a spread of political, geographic and commodity risks, with the geographic spread providing management many new opportunities to consider. Mongolia Two advanced coal projects. • Berkh Uul with JORC resource requiring Gov’t to resolve licens
Slide 6: Transaction Details
Transaction Details For personal use only Share based transaction, geared towards project development and production: • Viking will acquire 100% of Argo by the issue of: Viking Mines i. 35 million VKA shares upon grant of Reung Kiet tenements. Limited ii. 55 million VKA shares upon production of a c
Slide 7: Board & Management Post Transaction
Board & Management Post Transaction For personal use only Jack Gardner - Executive Chairman Paul Lock - Executive Director » founding and non-executive director of Mincor Resources » has been operating in SE Asia since 2012 for a number of » former Chairman of Ghana Manganese Co and Chief privately
Slide 8: Corporate
Corporate For personal use only Capital Structure (ASX:VKA) Major Shareholders (31 July, 2016) Shares on issue 250,974,285 Top 20 Hold 149,810,087 56.69% Listed options (9c; exp. 30 Apr, 2017) 44,771,552 Resolute Mining Ltd 31,607,143 12.59% Cash on hand (30 Sep, 2016) $0.851M Barbary Coast Investme
Slide 9: Thailand, Industrial Policy Advantages
Thailand, Industrial Policy Advantages For personal use only Thailand has an advanced industrial policy The Reung Kiet Lithium Project fits into targeting leadership in ASEAN: Thailand’s industrial policy framework: • Over the last 20 years Thailand has received 30% • Well situated, with easy access
Slide 10: Reung Kiet – PLP MOU
Reung Kiet – PLP MOU For personal use only Reung Kiet provides Viking with a pathway to Lithium Carbonate production. • Platypus Resources Limited (PLP) is one of several lepidolite process technology developers using well understood hydrometallurgical techniques successfully to produce Lithium Carb
Slide 11: Reung Kiet Lithium Project (VKA 75%)
Reung Kiet Lithium Project (VKA 75%) For personal use only First Lithium Venture in SE Asia, applications in final stages of approval. • New lithium bearing pegmatite district in southern Thailand. • Pegmatites mapped for 1-2km along strike on ~10km of prospective trend. • Strategic landholding, no
Slide 12: Reung Kiet Lithium Project
Reung Kiet Lithium Project For personal use only SE Asian tin-tungsten belt, globally Viking and Argo 2016 rock sampling at RK significant production and history: and BIT produced strong results: • Late 1960’s major study identified lepidolite in No. of Li2O (Avg Ta2O5 pegmatites being mined for tin
Slide 13: Khao Soon Tungsten Project (VKA Option for 75%)
Khao Soon Tungsten Project (VKA Option for 75%) For personal use only High grade, historic tungsten mining area: • Has all infrastructure and government and community support. • District scale mineralisation, >20km2 of WO3 (as wolframite) anomalism, outcropping mineralisation, multiple targets defin
Slide 14: Akoase Gold Project (VKA 100%, Sold, US$6.0M Due Soon)
Akoase Gold Project (VKA 100%, Sold, US$6.0M Due Soon) For personal use only Akoase – Akoase East and Akoase West • Sale agreed in June 2015, US$2.0M paid, US$6.0M due on completion of conditions precedent, namely Government approval of transfer, US$2.0M production related royalty. • Government proc
Slide 15: Akoase Gold Project
Akoase Gold Project For personal use only Akoase East Project Schematic Long Section and Plan (Viking release, 2013) Viking Mines Limited 15
Slide 16: West Star Gold Project (VKA 100%)
West Star Gold Project (VKA 100%) For personal use only West Star, prime drill targets in large Au soil trends: • 250km west of Accra. • Project hosts extensions of gold bearing Salman Shear Zone. • Region hosts several +2Moz Au deposits. • Replacement License Application in process. Potential for n
Slide 17: Burkh Uul Coal Project, Mongolia (VKA 100%)
Burkh Uul Coal Project, Mongolia (VKA 100%) For personal use only Strategically positioned Coal project: • Mongolian People's Party elected in July, 2016. i. Pro-resources Government – resolution of lease boundary issues required to move project forward • Project well situated: i. 400km North of Ula
Slide 18: Contact
Contact For personal use only Jack Gardner Executive Chairman Viking Mines Limited +61 8 6313 5151 Paul Lock Managing Director Argo Metals Group Limited (Proposed Exec. Director, Viking Mines Limited) +61 408 631 497 www.vikingmines.com info@vikingmines.com Viking Mines Limited 18