Viking Mines Limited · ASX:VKA
Viking Mines — Investor Presentation (April 2026)
17 slides from Viking Mines's investor presentation, Apr 29, 2026
Slide 1: Securing America's Tungsten Future
For personal use only Securing America's Tungsten Future High-Grade, Past-Producing Assets, Nevada, USA INVESTOR WEBINAR PRESENTATION 29th April 2026 ASX:VKA OTCID: VKALF
Slide 2: Disclaimer & Competent Persons Statements
ASX:VKA 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 contai
Slide 3: Investment Highlights
Investment Highlights USA Tungsten: Flagship Linka Project For personal use only High-grade, past-producing tungsten asset advancing rapidly towards maiden drilling. Robust Project Performance 63.6% gravity concentrate achieved, high-grade surface sampling; geophysics confirming potential scale & op
Slide 4: Company Overview
Company Overview Corporate Snapshot Board and Management For personal use only ASX Code Share Price Shares on Issue VKA $0.013 2.426B 28 April 2026 Market Cap Cash Enterprise Value $31.5M $4.68M $26.9M (Undiluted) at 31 Mar 2026 Julian Woodcock Dr Julian Stephens Charles Thomas Non-Executive Managin
Slide 5: Why Tungsten? Why Now? Why Linka?
ASX:VKA Why Tungsten? Why Now? Why Linka? Critical Defence Perfect Market Speed to Market Vulnerability Timing For personal use only Zero US Domestic Supply Price Advantage Brownfield Advantage 100% import-dependent for a APT pricing trading at $3,050/mtu and Past-producing mines with mineral essent
Slide 6: Viking Nevada Tungsten Projects: Scale, Jurisdiction, and Infrastructure
Viking Nevada Tungsten Projects: Scale, Jurisdiction, and Infrastructure For personal use only Strategic Assets Historical Production 6 high-grade tungsten projects Proven production historyii in the world leading mining of ~123kt @ 0.54% WO3 jurisdiction of Nevada, USA Technical Advantage Rapid Sta
Slide 7: Benchmarking Global Tungsten Projects
ASX:VKA Benchmarking Global Tungsten Projects 1.00% 0.90% 0.90% For personal use only 0.80% 0.70% 0.70% 0.60% Grade (% WO3) 0.50% 0.50% 0.50% 0.44% 0.40% 0.40% 0.30% 0.30% 0.200% 0.195% 0.20% 0.14% 0.12% 0.11% 0.095% 0.10% 0.062% 0.00% As at 25 March 2026, not an exhaustive list Refer to Appendix 1
Slide 8: Linka Project: Advanced Brownfields High-Grade Past Producer
ASX:VKA Linka Project: Advanced Brownfields High-Grade Past Producer Hillside Shaft Stockpile Surface Sample Conquest Linka Pit & Shaft LKMET0001 A065181 Pit & Shaft; Inclined ~80ft 150ft level For personal use only 0.8%WO3 0.6% WO3 50ft & 100ft levels No levels mined Historic Mill Site & ROM Pad &
Slide 9: Linka Project: Conquest; Shallow & High-Grade
Linka Project: Conquest; Shallow & High-Grade High Quality • Exceptional grades and intervals from near surface e.g. For personal use only CR-02: 22.9m at 0.6% WO3 & CR-19: 12.2m at 1.3% WO3i • Outcropping mineralisation and high-grade surface samples up to 14.7% WO3 ii Opportunities • Shallow, high
Slide 10: Linka Project: Linka Main
ASX:VKA Linka Project: Linka Main Main Historical Producer • Shallow open pit and 150ft (~46m) shaft with one level of For personal use only workings • Thick high-grade underground channel sampling including; i 6.1m at 1.5% WO3 & 6.1m at 1.0% WO3 • Shallow, high-grade mineralisation; 8.5m at 1.0% WO
Slide 11: Linka Project: Massive Exploration Upside – The Tip of the Iceberg
ASX:VKA Linka Project: Massive Exploration Upside – The Tip of the Iceberg 89% of the interpreted prospective contact zone remains undercover For personal use only & untested Geophysics deployed to identify “blind” targets and maximise discovery opportunity Significant "Blue Sky" potential identifie
Slide 12: Linka Project: Advancing Metallurgical Testwork
ASX:VKA Linka Project: Advancing Metallurgical Testwork Testwork Supports a low-capex flowsheet Calcite Scheelite (CaWO4) For personal use only Simple Mineralogy • Primary waste mineral is garnet (60%) with minimal calcite (2%), positive for flowsheet. No deleterious elements identified Simple Proce
Slide 13: Linka Project: Processing Concept Study
Linka Project: Processing Concept Study Modular Processing • Mineral Technologies completing For personal use only Processing Concept Study for Linka • Employing “FlexSeries” technology to reduce lead times and simplify onsite construction • Key study deliverables: • Process flow diagram • Mass & wa
Slide 14: Achievements and Activities
ASX:VKA Achievements and Activities Acquisition Exploration Metallurgy Permitting & & Funding & Data Integration & Processing Commercial Pathway For personal use only ▸ Binding Agreement to acquire ▸ High-grade tungsten assays from ▸ Achieved a 53x tungsten grade ▸ Partnered with global engineering
Slide 15: For more information please contact
For personal use only For more information please contact: Julian Woodcock Managing Director & CEO P: +61 8 6245 0870
Slide 16: Building a District: Near-Mine and Regional Targets
ASX:VKA Building a District: Near-Mine and Regional Targetsi Alpine Project Ragged Top For personal use only Historic mining focused on Historic production grades of high-grade (>0.5%), leaving 1.0% WO₃ from surface skarns on unmined mineralisation third-party claim, with extensive Alpine Long behin
Slide 17: Appendix – Global Tungsten Grade Assumptions and Sources
ASX:VKA Appendix 1 – Global Tungsten Grade Assumptions and Sources Last updated: 25/3/2026 Measured Indicated Inferred Total (M&I&I) Development Market Cap Resource Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained For personal use only Project Owner Source