Viking Mines Limited · ASX:VKA
Viking Mines — Gold Coast Investment Showcase 2026
17 slides from Viking Mines's conference presentation, Jun 11, 2026
Slide 1: America Needs Tungsten. Linka Already Produced It.
America Needs For personal use only Tungsten. Linka Already Produced It. Three high-grade historic mines. Fast-to-market strategy. Drilling imminent. Gold Coast Investment Showcase | 11 June 2026 Linka Project, Nevada, USA ASX:VKA | OTCID:VKALF
Slide 2: Disclaimer & Competent Person's Statements
IMPORTA NT INFORM AT I O N Disclaimer & Competent Person's Statements For personal use only Disclaimer This presentation and any accompanying verbal presentation (together the Presentation) are confidential and have been The information contained in this Presentation is for information purposes only
Slide 3: Why Tungsten? Why Now? Why Viking?
TH E TH RE E -QUESTIO N ANCHOR Why Tungsten? Why Now? Why Viking? For personal use only WHY TUNGSTEN WHY NOW 0% of US tungsten supply produced domestically ~10x rise in APT price since start of 2025 ⌟ Critical mineral for munitions, ⌟ APT trading at US$3,100/mtu, at or aerospace and cutting tools. n
Slide 4: The Grade Story
BE NCH MA RK I NG The Grade Story For personal use only Linka's historical mill grade sits amongst the top tier of global projects. Global Tungsten Projects (% WO₃) THE MATH Hemerdon (TUN) 0.12% Value of tungsten ores Watershed (TGN) 0.14% Barruecopardo (EQR) 0.20% 1% WO₃ in rock Pilot Mtn (GMET) =
Slide 5: REEShore Created The Buyer. Is Linka The Domestic Supplier?
POLICY & STRATEGIC TAILW I ND S REEShore Created The Buyer. Is Linka The Domestic Supplier… For personal use only The mandate that didn't exist when this mine closed in 1956 is now in place, and it's locked in by federal law. Chinese Export Restrictions In February 2025, China placed restrictions on
Slide 6: Others Are Exploring. We're Advancing a Past Producer.
TH E VIKING DIFFERENTI A TO R Others Are Exploring. We're Advancing a Past Producer. For personal use only Linka operated until 1956. VKA is not exploring for a deposit, we're blowing the dust off one that’s already produced. DISCOVER, THEN BUILD A NEW MINE LINKA BROWNFIELDS ADVANTAGE Years from pro
Slide 7: From Acquisition to Action — In Six Months.
TH E PACE OF EXECUTION From Acquisition to Action — In Six Months. For personal use only An aggressive workflow and compacted timeline. Every month is a value adding step. Dec 2025 Jan Feb Mar Apr May Jun Historical data Deal Data digitization Geophysical Fieldwork & Permitting & Metallurgy & acquir
Slide 8: What's Already Been Proven. Before A Single Drillhole.
E VIDE NCE - B A S ED DE -RISK ING What's Already Been Proven. Before A Single Drillhole. For personal use only Six months of work has already shifted Linka from thematic exposure to measurable performance. SURFACE GRADE STRIKE EXPANDED REGIONAL POTENTIAL DRILL PERMITTING METALLURGY 14.7% WO₃ 1.6km
Slide 9: Linka Opportunity + Upside
Stockpileiv 8.5m at 1.0% WO3 Surface Sampleiii LKMET0001 A065181 (Channel Sample A065145)ii 0.8%WO3 0.6% WO3 Linka Pit & Shaft 150ft level For personal use only ~800M EXTENSION UNTESTED BELOW COVER Hillside Shaft Historic Mill Inclined ~80ft Site & ROM Pad No levels mined & Tailings ~820M MINERALISE
Slide 10: Drilling Targets; Testing the Potential
RE SOURCE UPSIDE Drilling Targets; For personal use only Testing the Potential 89% of interpreted prospective contact zone is under shallow cover and untested. TAR G E T 1 - LINK A ⌟ Validate historical drilling ⌟ Test below historic drilling ⌟ Define near surface high grade TAR G E T 2 - E X TE NS
Slide 11: Premium Grade Metallurgy, Real Recovery.
PROCE SSING BREAKTHRO UGH Premium Grade Metallurgy, Real Recovery. For personal use only Latest testwork delivers a 56.9% WO₃ concentrate at an industry leading 76.0% recovery, A step-change from the 56.4% WO₃ / 46.0% recovery reported in March COMBINED CONCENTRATE NEXT TARGET 56.9% WO3 >80% Recover
Slide 12: Linka Project: Processing Concept Study
PROCESSING — THE KEY TO UNLOCKING THE VALUE Linka Project: Processing Concept Study For personal use only A modular gravity + flotation flowsheet built for low CAPEX, fast & simple onsite construction. MODULAR PROCESSING ⌟ Mineral Technologies completing the Processing Concept Study for Linka ⌟ “Fle
Slide 13: Reinvigorating A Historic Mine.
LINKA — TH E BROWNF IE LDS INVE NTORY Reinvigorating A Historic Mine. For personal use only This isn’t greenfields exploration. It's a restart strategy for a mine that has previously been proven to work. PREVIOUSLY BUILT PREVIOUSLY WORKED PREVIOUSLY EXPLORED Infrastructure Production Knowledge ✓ Thr
Slide 14: Catalyst Ladder: Six Months Of News Flow.
WH AT'S NE XT Catalyst Ladder: Six Months Of News Flow. For personal use only From validation → drilling → resource → development. Each rung is a value adding step. JUN Q 2026 Drilling commences MAY 2026 NOI approval; rigs mobilised; first holes targeting (a) shallow near mine at Linka and down dip
Slide 15: Why invest now.
Why invest now. For personal use only A$24.3M market cap. A$19.6M enterprise value. A brownfields restart opportunity, weeks from drilling. ⌟ A past producing asset, not a discovery story ⌟ Tungsten price at all-time highs ⌟ REEShore Act creates the buyer from Dec 2026 C O N T A C T ⌟ Fully funded m
Slide 16: Structured to Deliver
C O R P O R A T E Structured to Deliver For personal use only VKA A$0.01 2.426B A$24.3M A$4.68M A$19.6M ASX Share Price Shares on Issue Market Cap Cash (31 Mar 26) Enterprise Value Close 10/6/26 0.025 250 Board and Management Millions MAIN FOCUS Nevada USA NEVADA TUNGSTEN 0.02 200 6 Projects hosting
Slide 17: Tungsten peer resource comparison
For personal use only 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 Project Owner Source Stage (AUD M) Date (Mt) (% W03) W03 (kt) (Mt) (% W03) W03 (kt) (Mt)