Viking Mines Limited · ASX:VKA
Viking Mines — Investor Presentation (December 2022)
20 slides from Viking Mines's investor presentation, Dec 6, 2022
Slide 1: Canegrass Battery Minerals Project Investor Presentation
For personal use only CANEGRASS BATTERY MINERALS PROJECT Investor Presentation ASX: VKA 06 December 2022
Slide 2: Disclaimer & Competent Persons Statements
DISCLAIMER & COMPETENT PERSONS STATEMENTS For personal use only 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 info
Slide 3: Transaction Highlights
TRANSACTION HIGHLIGHTS For personal use only • Critical Mineral Project with existing Vanadium, Iron (as magnetite) and Titanium Resource. • Potential for battery metals (Ni, Cu, Co) and precious metals (PGE’s & Au). • Low cost of entry to a substantial battery minerals project with a large Inferred
Slide 4: Canegrass Battery Minerals Project
“Host to a substantial CANEGRASS BATTERY Vanadium resource which has seen little activity since MINERALS PROJECT JV initial exploration in 2011.” For personal use only Interpreted Project Overview Exploration Potential VTM horizon Substantial hard-rock Critical Mineral Only 20% of the interpreted ex
Slide 5: Right Jurisdiction, Right Location
RIGHT JURISDICTION, RIGHT LOCATION “Considering both policy and mineral potential, Australia continues to be the most attractive region in the world for mining #1 investment.” For personal use only Source: Fraser Institute Annual Survey of Mining Companies 2021 6900000 Mt Magnet Mount Magnet Geraldt
Slide 6: Substantial Resource Base
SUBSTANTIAL RESOURCE BASE For personal use only • Project contains substantial outcropping JORC (2012) Inferred Resources. • 2 deposits, Fold Nose & Kinks. Interpreted • >1.1 Billion Pounds (Blb’s) of V2O5i VTM horizon (>0.5%) in-situ metal content. • Resource represents only 20% of the prospective
Slide 7: Resource Growth Targets: Fold Nose
RESOURCE GROWTH TARGETS Fold Nose – 59Mt at 0.66% V2O5 for ~0.86 FOLD NOSE Billion lbs V2O5i For personal use only RESOURCE EXTENSION • Viking field visit confirmed outcropping VTM mineralisation continuing north outside current resource limits. Outcropping VTM Exploration mineralisation traced over
Slide 8: Fold Nose VTM Mineralisation Outcrop
FOLD NOSE VTM MINERALISATION OUTCROP For personal use only Field Location CG3: Outcropping VTM mineralisation at the Fold Nose deposit. Field Location CG6: Outcropping VTM mineralisation at the Fold Nose deposit. ASX: VKA | vikingmines.com 8
Slide 9: Resource Growth Targets: Kinks
RESOURCE GROWTH TARGETS Kinks – 20Mt at 0.57% V2O5 for ~0.25 Billion KINKS lbs V2O5i For personal use only RESOURCE EXTENSION Resource • Viking field visit confirmed outcropping VTM mineralisation Extension continuing south outside current resource limits. Target • Extensive rock chip sampling confi
Slide 10: Kinks VTM Mineralisation Outcrop
KINKS VTM MINERALISATION OUTCROP For personal use only Field Location CG21: Outcropping VTM mineralisation at the Kinks Field Location CG23: Outcropping VTM deposit. Note massive layering of magnetite mineralisation. mineralisation 100m south of the Kinks deposit. ASX: VKA | vikingmines.com 10
Slide 11: Resource Growth Targets Kinks
RESOURCE GROWTH TARGETS KINKS For personal use only ASX: VKA | vikingmines.com All drilling results previously reported in Viking Mines (ASX:VKA) ASX Announcement 30 November 2022:VIKING TO FARM IN TO SUBSTANTIAL BATTERY MINERALS RESOURCE 11
Slide 12: More Than Just Vanadium
MORE THAN JUST VANADIUM For personal use only Canegrass Battery Minerals Project Inferred Resource 79 Mt Ore 0.64% V2O5 29.7% Fe 6.0% TiO2 Contained Metal 1.1 BLbs 29.7Mt 4.9Mt Value Add Opportunity; Battery Metals assayed but not estimated or evaluated. ASX: VKA | vikingmines.com 12
Slide 13: Ni, Cu, Co Potential
Ni, Cu, Co POTENTIAL For personal use only • Copper oxides seen in outcropping VTM mineralisation • Historical DH Results include: • Kinks Resource - CGRC0010; 40m at 793ppm Ni, 801ppm Cu & 185ppm Co. • Fold Nose Resource - FCRC0010; 40m at 650ppm Ni, 661ppm Cu & 209ppm Co. • Kinks South target - FC
Slide 14: Stage 1: Exploration Programme
STAGE 1: EXPLORATION PROGRAMME For personal use only Dec Q Mar Q FY23 Jun Q FY23 Sep Q FY24 Dec Q FY24 Mar Q FY24 Jun Q FY24 Category Activity FY23 Geological interpretation Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Historical data compilation and & targeting to
Slide 15: Transaction Terms
TRANSACTION TERMS For personal use only Binding Farm-In Agreement signed on the Canegrass Battery Minerals Project. $50,000 signing fee and $1.2M of payments split over each of the 4 Cash Payment Exploration Duration Stage Equity Cumulative Equity Farm-In stages. Item at completion Spend (months) Ea
Slide 16: Vanadium's Role in Decarbonisation – VRFBs
VANADIUMS ROLE IN DECARBONISATION – VRFB’s For personal use only VANADIUM REDOX FLOW BATTERY (VRFB) SECTOR IS DEVELOPING AS AN Source: https://cosmosmagazine.com/technology/flow-battery-china/ ALTERNATE ENERGY STORAGE SOLUTION Significant advantages over lithium-ion in specific large energy storage
Slide 17: Critical Mineral Project
CRITICAL MINERAL PROJECT For personal use only • Vanadium listed as a Critical Mineral in the Australian Government Critical Minerals Strategy 2022. • ‘’The government has implemented a range of initiatives aimed at addressing the main challenges facing Australian critical minerals projects’’ which
Slide 18: Corporate Overview
CORPORATE OVERVIEW - ASX:VKA Metals that matter & Projects with potential For personal use only Total shares on issue1 1,025,258,431 MAJOR SHAREHOLDERS Cash2 $4.2M 1. VANGUARD SUPERANNUATION PTY LTD - 8.92% 2. ING INVESTMENT FUND PTY LTD - 7.93% Market Capitalisation (undiluted) $~10.2M 3. SYRACUSE
Slide 19: Directors & Management
DIRECTORS & MANAGEMENT For personal use only Managing Director Chairman & CEO Non-Executive Director Charles Thomas Julian Woodcock Michael Cox Mr. Charles Thomas holds a Bachelor of Commerce from UWA majoring in Mr. Woodcock holds both a Bachelor of Science (Geology) from the Mr. Cox holds both a B
Slide 20: Contact
For personal use only For more information please contact: Julian Woodcock Managing Director & CEO E julian.woodcock@vikingmines.com P +61 8 6245 0870 ASX: VKA | vikingmines.com 20