Viking Mines Limited · ASX:VKA
Viking Mines — Corporate Update (May 2021)
22 slides from Viking Mines's corporate update, May 5, 2021
Slide 1: First Hit Project Investor Update
FIRST HIT PROJECT INVESTOR UPDATE 5TH MAY 2021 Investor Presentation ASX: VKA 1 1 Diamond drill core shown is from hole VDD008 at the First hit Project
Slide 2: Disclaimer & Forward Looking Statement
DISCLAIMER & FORWARD LOOKING STATEMENT DISCLAIMER The material in this presentation has been prepared by Viking Mines (“Viking”) and is general background information on Viking. This information is given in summary form and does not purport to be complete. Information in this presentation, including
Slide 3: Corporate Overview
CORPORATE OVERVIEW Market Capitalisation and Enterprise Value1 12 Month Share Price / Volume History (A$; millions) Ordinary shares on issue Number 1,021,258,431 Share price (3 May 21) A$/share 0.031 Market Capitalisation A$m $31.66m Cash (as at 3 May 21) A$m $4.61m Enterprise Value A$m $30.13m Subs
Slide 4: Directors & Management
DIRECTORS & MANAGEMENT Executive Chairman Managing Director Non-Executive Director Company Secretary Ray Whitten AM Julian Woodcock Michael Cox Dean Jagger Mr. Ray Whitten has led the recent acquisition of the Mr. Woodcock holds both a Bachelor of Science Mr. Cox holds both a Bachelor of Science (Ge
Slide 5: WA's Newest Gold Explorer
WA’S NEWEST GOLD EXPLORER • First Hit Project acquired 29th January 2021 • Centered around the historic high-grade First Hit gold mine ~30koz Mined at ~7.7g/t1 • Associated with the Ida and Zuleika Shear Zones which host multiple significant gold deposits: • Kundana; Hornet, Rubicon, Raleigh – ASX:N
Slide 6: Location & Infrastructure
LOCATION & INFRASTRUCTURE • 7 tenements held under VKA control • 28km2 of prospective WA greenstone • First Hit Project – 5 Tenements for 6.4km2 • VKA undertaking first on-ground exploration for >18 years • First Hit structure poorly tested • Zuleika Shear – 1 Tenement for 21km2 • Close proximity to
Slide 7: First Hit Project Drilling Strategy
FIRST HIT PROJECT DRILLING STRATEGY Diamond Drilling ~2,500m Viking Mines/Red Dirt Mining Phase 1: Focus on First Hit Ora Banda - Riverina Test for extensions Drill in-between stopes testing unmined mineralisation N Determine mineralisation controls Fingerprint the orebody Phase 2: Targeting Growth
Slide 8: Historic High-Grade Gold Mine - Summary
FIRST HIT HISTORIC HIGH-GRADE GOLD MINE - SUMMARY • Mined by Barra Resources and Barminco in 2001 & 2002 • Cash cost at closure sub US$345, operations ceased due to low gold price1 • Mineralisation up to 10m width, typically 1-4m wide1 Stoped Mineralisation • High grade quartz vein core • Metallurgi
Slide 9: First Hit – Exploration Infrastructure
FIRST HIT – EXPLORATION INFRASTRUCTURE Site Layout – Looking South Riverina Open 8 Man Pit (ASX:OBM) Exploration Camp Bore Water (Clarkes Well) Snake Hill Road Vent Diamond Raise Drilling Collar Positions Core Drillers Yard Accommodation Waste Dump Box Cut & Portal Fuel Storage ASX: VKA | vikingmine
Slide 10: First Hit – Exploration Infrastructure: Core Processing Facilities
FIRST HIT – EXPLORATION INFRASTRUCTURE Core Processing Facilities ASX: VKA | vikingmines.com 10
Slide 11: First Hit – Underground Surveys: LiDAR Survey of Vent Raise
FIRST HIT – UNDERGROUND SURVEYS LiDAR Survey of Vent Raise ASX: VKA | vikingmines.com 11
Slide 12: First Hit – Underground Surveys: LiDAR Survey using Hovermap
FIRST HIT – UNDERGROUND SURVEYS LiDAR Survey of First Hit Mine using Hovermap® ASX: VKA | vikingmines.com 12
Slide 13: Historic Hole FDH001 Drilled ~2001
0.0 0.5 1.0 HISTORIC HOLE FDH0011 mm DRILLED ~2001 0.0 0.5 1.0 mm 0.0 0.5 1.0 mm 0.0 0.5 1.0 0.0 0.5 1.0 mm mm NQ Diameter Core 0.0 0.5 1.0 0 5 10 mm cm 0.0 0.5 1.0 mm 1 : The weighted intercept value in the First Hit database for hole FDH001 is 0.5m for 103.5g/t Au from 59.7m to 60.2m. Datatable an
Slide 14: Historic High-Grade Gold Mine – UG Face Samples
FIRST HIT HISTORIC HIGH-GRADE GOLD MINE – UG FACE SAMPLES Underground Development • 220m vertical depth • 3.5km of historical development • 1.5km decline (5m x 5m) • 0.8km access drives (5m x 5m) • 0.9km ore drives (4m x 4.5m) • 0.3km strike drives (4m x 4.5m) Selected intervals of +100 gram metre (
Slide 15: Phase 1 Diamond Programme Update
PHASE 1 DIAMOND PROGRAMME UPDATE1&2 • 100% complete with 13 holes and 2,596.9m now drilled2. • Mineralised position intersected in 10 holes at targeted lode positions2. • >194 samples delivered to the laboratory and awaiting analysis results1. • Wide zones of intense shear foliation and alteration u
Slide 16: Diamond Drillhole Positions and Underground Workings
VDD006 VDD010 – VDD004 – Drilled, see Underground next slide workings intercepted VDD002 VDD012 Phase 1 Completed Diamond Drillhole VDD003A – Underground Phase 1 Planned Diamond Drillhole workings intercepted Phase 2 Planned Diamond Drillhole VDD001 Underground stoped areas Underground development d
Slide 17: Phase 1 Diamond Drilling Results Release
1 Viking Mines Limited ASX Release 5 May 2021 VKA COMPLETES FIRST HIT PHASE 1 DRLLING & COMMENCES PHASE 2 ASX: VKA | vikingmines.com 17
Slide 18: Phase 1 Air Core Programme Update
PHASE 1 AIR CORE PROGRAMME UPDATE1 • 100% completed with 328 holes and 5,080m drilled. • 2,482 samples delivered to the laboratory and awaiting analysis results. • Geological map updated and regional structures interpreted from drilling. • Geological interpretation progressing and feeding in to regi
Slide 19: Interpreted Bedrock Geology Map Based on AC Drilling
Felsic/ intermediate porphyry observed at structural position Change in rock type supports presence of regional structure First Hit surface Deep transported expression of cover >15m (red mineralisation outline) potentially at flexure in rendering historical NE striking Geochem sampling structure ine
Slide 20: Next Steps
NEXT STEPS GROWTH AT FIRST HIT: • Continue with priority holes from Phase 2 DD programme throughout May • Update geological model and targeting criteria • Identify shoot controls and plan remainder of P2 programme NEW DISCOVERY: • Consolidate AC data to identify high priority targets • Incorporate a
Slide 21: Project Advancement Timeline
FIRST HIT PROJECT ADVANCEMENT TIMELINE EXPLORATION PROGRAM 2021 FIRST HIT PROJECT Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec First Hit Project Acquired New Discovery Phase 1 AC Drilling Phase 1 AC Results Regional geophysics interpretation AC interpretation and follow up drill planning Phase 2
Slide 22: For more information please contact Julian Woodcock
For more information please contact Julian Woodcock Managing Director & CEO E contact@vikingmines.com P +61 2 8072 1400 ASX: VKA | vikingmines.com 22