Viking Mines Limited · ASX:VKA
Viking Mines — Viking Ashanti — Investor Presentation (March 2011)
15 slides from Viking Mines's investor presentation, Mar 16, 2011
Slide 1: Viking Ashanti Limited Investor Presentation
For personal use only Viking Ashanti Limited Investor Presentation March 2011 www.vikingashanti.com
Slide 2: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement For personal use only This presentation has been prepared by Viking Ashanti Limited ( hereafter referred to as Viking Ashanti). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in
Slide 3: Viking Ashanti Corporate Profile
Viking Ashanti Corporate Profile For personal use only ASX Code: VKA Listed: May 2010 Shares on issue: 69.1 million 6 million unlisted options @ 0.345/share Major Shareholders: Resolute Mining Ltd 33% Directors 14% Aus and UK/Europe specialist funds Raising at IPO: $8 million @$0.30/share Cash (as a
Slide 4: Summary – Investment Highlights
Summary – Investment Highlights For personal use only Operating in Ghana – stable with strong mining culture Excellent land position in highly prospective Ashanti Gold Belt Management team with successful track record in West Africa Existing 500,000 oz resource base with scope for significan
Slide 5: Ghana – Good as Gold
Ghana – Good as Gold For personal use only Politically and socially stable Excellent infrastructure and services for exploration and mining 25 year successful track record of modern mining 2.8Moz pa gold production in 2009 and increasing, ranks #2 in Africa and #10 in world 5
Slide 6: Project Locations in Southern Ghana
Project Locations in Southern Ghana For personal use only 440 sq km of granted tenure All projects close to existing projects and infrastructure – rare in West Africa Strategic land position within highly prospective Ashanti Gold Belt 116 million ounces of proven gold reserves discovered alo
Slide 7: Akoase East Project
Akoase East Project For personal use only Discovered by Resolute in late 1990’s 106 holes drilled for 9,500m defines 0.5 M oz resource Mineralisation outlined over 2.5 km, open along strike and at depth Excellent scope for resource expansion with drill ready targets Inferred JORC Resource Cu
Slide 8: Akoase East – Resource Growth
Akoase East – Resource Growth For personal use only Gold mineralisation VKA hole hosted in quartz veined and sheared sediments Geochemistry and geophysics confirms potential for strike extensions RC and diamond drilling underway to increase resource immediately along strike to NE and SW, and a
Slide 9: Akoase East – Exploration Upside
Akoase East – Exploration Upside For personal use only Soil geochemistry and trenching in progress – defining new targets Diamond drilling at Area Area of of Planned Planned Drilling Drilling depth - still shallow by gold exploration standards RC drilling - test near surface strike extensions
Slide 10: Akoase East Mineralization
Akoase East Mineralization For personal use only Surface exposure of mineralization and veining Fresh sericite-ankerite- pyrite alteration and veining in AKDD001 (4.98g/t Au). 10
Slide 11: West Star and Blue River Projects
West Star and Blue River Projects For personal use only 100% interest in hard-rock earned in JV 3 licences totalling 127 sq km covers 4 main soil geochemistry anomalies 106 broad spaced RC holes drilled Close proximity to Adamus’ 2Moz Nzema Gold Project Other neighbouring mines include: -
Slide 12: West Star & Blue River
West Star & Blue River For personal use only West Star 419 Soil Anomaly: 1200m long at up to 3.7g/t Eastern Soil Anomaly: 2km long at up to 3g/t, extensive quartz-gossan breccia in bulldozer lines West Star best drill results 20m @ 1.59 g/t, 4m @ 3.04 g/t Blue River Blue River Soil Anomaly:
Slide 13: Use of Exploration Funds – Years
Use of Exploration Funds – Years 1 & 2 For personal use only Project $ RC (m) DD (m) AC (m) Akoase East/West 2,781,700 13,500 2,600 3,500 West Star/Blue River 2,460,800 13,200 2,500 0 Nyame Dzikan/Nchiadi 90,400 0 0 0 Acquisition Opps 375,000 Capital 125,000 TOTAL 5,832,900 26,700 5,100 3,500 13
Slide 14: West African Gold – ASX Peer Group Comparison
West African Gold – ASX Peer Group Comparison For personal use only Country of Market Cap Net cash Attrib Au EV/oz Market Ticker Company Status operations (US$ mill) (US$ mill) (Moz) (US$/oz) ASX AMX Ampella Mining exp Burkina Faso 580 44.2 1.2 448.6 ASX GRY Gryphon Minerals exp B Faso, Mauritania 4
Slide 15: Conclusions – Investment Highlights
Conclusions – Investment Highlights For personal use only 500,000 oz resource base – excellent scope for expansion Expanded drilling program - defined drill targets for two years Regular news flow over coming months Low current EV/oz relative to peers THANK YOU 15