Viking Mines Limited · ASX:VKA
Viking Mines — Investor Presentation (February 2021)
23 slides from Viking Mines's investor presentation, Feb 15, 2021
Slide 1: First Hit Project Investor Presentation
FIRST HIT PROJECT FEBRUARY 2021 Investor Presentation ASX: VKA 1 Diamond drill core shown is for illustrative purposes only and is not from Viking Mines projects 1
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 Share Price / Volume History (A$; millions) Ordinary shares on issue Number 910,147,320 Share price (10 Feb 21) A$/share 0.04 Market Capitalisation A$m $36.4m Cash (as at 31 Dec 20) A$m $2.36m Enterprise Value A$m $34.0m Substantial Shar
Slide 4: Directors & Management
DIRECTORS & MANAGEMENT Executive Chairman: Ray Whitten AM Director: Charles Thomas Director: Michael Cox CEO: Julian Woodcock Mr. Ray Whitten has led the recent acquisition of the Mr. Charles Thomas holds a Bachelor of Commerce Mr. Cox holds both a Bachelor of Science (Geology) and Mr. Woodcock hold
Slide 5: WA's Newest Gold Explorer
WA’S NEWEST GOLD EXPLORER • First Hit Project centered around the historic high- grade First Hit gold mine • 28km2 of tenements granted or under application • Located 150km North West of Kalgoorlie in the Eastern Gold Fields, Western Australian • Associated with the Ida and Zuleika Shear Zones which
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 • No on-ground exploration for >18 years • First Hit structure poorly tested • Ida Shear – 1 Tenement for 21km2 • Close proximity to Riverina Gold Mine • P
Slide 7: First Hit Historic High-Grade Gold Mine - Summary
FIRST HIT HISTORIC HIGH-GRADE GOLD MINE - SUMMARY • Mined by Barra Resources and Barminco in 2001 & 2002 N • Mineralization up to 10m width, typically 1-4m wide1 • High grade quartz vein core • Produced ~30 koz at ~7.7 g/t1 • Metallurgical gold recoveries of 94.1%1 • Granted mining lease valid until
Slide 8: First Hit Historic High-Grade Gold Mine - Infrastructure
FIRST HIT HISTORIC HIGH-GRADE GOLD MINE - INFRASTRUCTURE Vent rise – covered with steel plate First Hit underground portal Workshop area and mine office cement pads Fuel storage facility - fuel tank removed ASX: VKA | vikingmines.com 1 Viking Mines Limited ASX Release 26 November 2020 2924-02314096-
Slide 9: First Hit Project Drilling Strategy
FIRST HIT PROJECT DRILLING STRATEGY Viking Mines/Red Dirt Mining Diamond Drilling ~2,500m Phase 1: Focus on First Hit Ora Banda - Riverina Test for extensions Drill in-between stopes testing N unmined mineralisation Determine mineralisation controls Fingerprint the orebody Air Core Drilling ~6,000m
Slide 10: 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 11: First Hit Hole FDH001
0.0 0.5 1.0 mm FIRST HIT HOLE FDH0011 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 and accompanyin
Slide 12: Historic High-Grade Gold Mine - Mineralisation (Kylie Lode)
FIRST HIT HISTORIC HIGH-GRADE GOLD MINE - MINERALISATION KYLIE LODE • Detailed evaluation of datasets ongoing • Developing understanding of the geology and mineralisation • 3 main gold bearing lodes identified1 • Kylie • Owens • Ida • Underground mine workings modelled1 OPEN & • Multiple high-grade
Slide 13: Historic High-Grade Gold Mine - Mineralisation (Owens Lode)
FIRST HIT HISTORIC HIGH-GRADE GOLD MINE - MINERALISATION OWENS LODE • Detailed evaluation of datasets ongoing • Developing understanding of the geology and mineralisation • 3 main gold bearing lodes identified1 • Kylie • Owens • Ida • Underground mine workings OPEN & modelled1 UNTESTED • Multiple hi
Slide 14: Historic High-Grade Gold Mine - Mineralisation (Ida Lode)
FIRST HIT HISTORIC HIGH-GRADE GOLD MINE - MINERALISATION IDA LODE • Detailed evaluation of datasets ongoing • Developing understanding of the geology and mineralisation • 3 main gold bearing lodes identified1 • Kylie • Owens • Ida • Underground mine workings modelled1 OPEN & • Multiple high-grade in
Slide 15: 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 Data compilation and lode interpretation Drill targeting, permitting VKA Red Dirt Acquisition Completed Gravity Survey Geological re-interpretation of geophysics Establis
Slide 16: For more information please contact Dean Jagger
For more information please contact Dean Jagger Company Secretary E contact@vikingmines.com P +61 2 8072 1400 ASX: VKA | vikingmines.com 16 1 Chip trays shown are illustrative purposes only and not from Viking Mines projects
Slide 17: Appendicies
APPENDICIES ASX: VKA | vikingmines.com 1 Chip trays shown are illustrative purposes only and not from Viking Mines projects 17
Slide 18: Appendix 1 – Drillhole FHD001 Accompanying Information
APPENDIX 1 – DRILLHOLE FHD001 ACCOMPANYING INFORMATION FHD001 East (m) North (m) RL End of Azi Dip Depth Downhole Au Hole ID MGA94 MGA94 (m) Hole (m) (°) (°) From (m) Length (m) g/t FHD001 265,573 6,714,986 444.4 100 290 -60 59.7 0.73 53.9 FHD001 - - - - - - 0.00 58.00 NSA1 FHD001 - - - - - - 58 0.5
Slide 19: Appendix 2 – JORC Tables
APPENDIX 2 – JORC TABLES JORC TABLE 1 Criteria JORC Code explanation Commentary Surface Geochemistry WMC mining completed several phases of soil geochemistry between 1990 and 1992 with 2,836 samples collected. This included: • Stream sediment geochemistry from active streams from contemporary lags w
Slide 20: Appendix 2 – JORC Tables
oriented and if so, by what method, etc.). 24,132 78% 545 2% 2,091 7% 2,190 7% 2,094 7% 31,052 APPENDIX 2 – JORC TABLES Method of recording and assessing core and No documentation regarding the measurement of drill core or RC recoveries could be found in the various reports and tables in the availab
Slide 21: Appendix 2 – JORC Tables
Underground Face Sampling duplicate/second-half sampling. CSA Global were unable to establish representivity of the face samples or the use of field duplicates or assaying of sample splits. The First Hit Project mineralisation and targets within the associated tenements are expected to be coarse gra
Slide 22: Appendix 2 – JORC Tables
APPENDIX 2 – JORC TABLES JORC 2012 Table 1 Section 2 – Reporting of Exploration Results Criteria JORC Code explanation Commentary Tenements and location The First Hit Project tenements are located approximately 50 km due west of the town of Menzies, Western Australia on the Menzies (05) 1:250,000 an
Slide 23: Appendix 2 – JORC Tables
Regional Geology The area of interest lies on the 1:100,000 Riverina geological sheet 3038 (Wyche, 1999). The Mt Ida greenstone belt is a north-striking belt of predominantly metamorphosed (upper greenschist-amphibolite facies) mafic and ultramafic rocks that form the western boundary of the Eastern