Viking Mines Limited · ASX:VKA
Viking Mines — Mines and Money London 2023
23 slides from Viking Mines's conference presentation, Nov 30, 2023
Slide 1: A Battery Minerals Developer Focused on Critical Mineral Vanadium
For personal use only A Battery Minerals Developer Focused on Critical Mineral Vanadium Mines and Money London Conference Presentation 28-30 November 2023 ASX:VKA
Slide 2: Disclaimer & Competent Persons Statements
Disclaimer & Competent Persons Statements 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 information contained in t
Slide 3: Corporate Overview
Corporate Overview For personal use only ASX Code Share Price Shares on Issue Market Cap Cash Enterprise Value VKA $0.012 1.025B $12.3M $5.6M $6.7M (16 November 2023) (Undiluted) (as at 30 September) VKA Share Price Performance $0.016 12 $0.014 10 $0.012 Price (A$/Share) 8 Other Volume (m) $0.010 Sh
Slide 4: Vanadium Critical, Industrial and Battery Mineral
Vanadium Critical, Industrial and Battery Mineral Established Critical Mineral with Massive Growth Potential Cumulative Energy Delivered Over Time For personal use only 3,783,000 kWh 85% of global production coming from 3.9x Energy Output China, Russia and South Africa. Opportunity to diversify supp
Slide 5: Right Rocks, Right Jurisdiction, Right Location
Right Rocks, Right Jurisdiction, Right Location Investment Attractiveness • WA, Ranked #1 in 2021 Fraser Institute Annual Survey of Mining Companies. For personal use only • Situated in the ‘Vanadium Triangle’ of substantial Vanadium Projects in WA • Windimurra Igneous Complex – Directly comparable
Slide 6: Murchison Region Vanadium Focussed Projects
Murchison Region Vanadium Focussed Projects Regional Vanadium/Titanium Projects For personal use only VIKING TECHNOLOGY AUSTRALIAN VENUS SUREFIRE COMPANY MINES METALS VANADIUM METALS RESOURCES (ASX:VKA) (ASX:TMT) (ASX:AVL) (ASX: VMC) (ASX:SRN) Canegrass Murchison Australian Victory Bore Battery PROJ
Slide 7: Canegrass Battery Minerals Project
Canegrass Battery Minerals Project 146Mt @ 0.70% V2O5, 31.8% Fe, 6.6% TiO2i For personal use only • Substantial MRE Update completed with >100% increase in contained V2O5 to 2.24 Billion Pounds. • High-grade component defined >0.8% V2O5 cut-off: 27.5Mt at 0.87% V2O5, 37.3% Fe, & 8.0% TiO2ii • Shallo
Slide 8: Metallurgical Testwork
Metallurgical Testwork Concentrate Grades Up to 1.44% V2O5 with >90% Vanadium Recoveries i For personal use only • DTR testwork demonstrates a high-quality magnetic concentrate can be produced, which is low in deleterious elements. • Main mineralised zone in hole VCRC0006 of 17m at 0.98% V2O5ii achi
Slide 9: Strategic Options to Release Value
Strategic Options to Release value Produce Magnetic For personal use only Produce V2O5 Flake Concentrate Low capital cost option High capital cost option Produce direct ship Develop full process and produce concentrate for supply Multiple options V2O5 flake for sale to market to steel industry and s
Slide 10: Critical Mineral Project Rapidly Advancing & Fully Funded Through Planned Work Programmes
Critical Mineral Project Rapidly Advancing & Fully Funded Through Planned Work Programmes Dec Q FY24 Mar Q FY24 Jun Q FY24 MRE update completed and expanded to Activity For personal use only Oct Nov Dec Jan Feb Mar Apr May Jun include Ni, Cu & Co. Preliminary pit optimisation studies to commence. Dr
Slide 11: First Hit Project Lithium & Gold Opportunity
First Hit Project Lithium & Gold Opportunity For personal use only Delta Lithium (ASX:DLI) Mt Ida Gold & Lithium Project 14.6Mt at 1.2% Li2Oii ASX:VKA vikingmines.com i) Viking Mines (ASX:VKA) ASX Announcement 26 November 2023:VKA GROWS TENURE & STARTS LITHIUM EXPLORATION AT FIRST HIT ii) Mt Ida MRE
Slide 12: VKA Investment Summary
VKA Investment Summary For personal use only Exposure To Critical Mineral Large MRE with Vanadium with Fe, Ti, Cu, Ni, High-Grade & Co Upside Component + additional Li & Au Projects Rapidly Advancing Project Undervalued Compared to with Fully Funded Extensive Peers, VKA has Significant Work Programm
Slide 13: For more information please contact
For personal use only For more information please contact: Julian Woodcock Managing Director & CEO P +61 8 6245 0870 Zander Beacham White Noise Communications E zander@whitenoisecomms.com 13
Slide 14: Board and Management
Board and Management For personal use only Charles Thomas Julian Woodcock Michael Cox Bevan Tarratt Chairman Managing Director & CEO Non-Executive Director Non-Executive Director Mr. Thomas is an Executive Director Mr. Woodcock is a geologist with a Mr Cox has run a private corporate Mr Tarratt has
Slide 15: Vanadium Critical, Industrial and Battery Mineral
Vanadium Critical, Industrial and Battery Mineral Established Critical Mineral with Massive Growth Potential 2021 Production by Country For personal use only 85% of global production coming from Brazil USA China, Russia and South Africa. Opportunity 5% 3% Other to diversify supply chains to stable j
Slide 16: Vanadium Outperforms Li-Ion Over Operating Life
Vanadium Outperforms Li-Ion Over Operating Life Vanadium Redox Flow Battery (VRFB) For personal use only 3,783,000 kWh 3.9x Energy Output Low $/kWh over No battery life degradation End of Lithium Battery Life Fully Non- recyclable flammable Simple capacity Off grid expansion deployment Assumptions:
Slide 17: Vanadium Alternate Energy Storage Solution
Vanadium Alternate Energy Storage Solution Vanadium Redox Flow Battery (VRFB) ANNUAL INSTALLED VRFB BY REGION: For personal use only • Commercial production occurring globally – >33 2021-2031 companies producing VRFB’s including Sumitomo & LG. • Over 200 VRFB projects worldwide – installed and opera
Slide 18: Fold Nose Upgraded Mineral Resource
Fold Nose Upgraded Mineral Resource 75.1Mt at 0.69% V2O5 for 1.15 Billion lbs V2O5i For personal use only • Upgraded Mineral Resource Estimate extended over ~4km of strike. • High-grade component >0.8% V2O5 defined and to form primary component for Scoping Study. 14.5 Mt at 0.87% V2O5, 37.5% Fe, 8.0
Slide 19: Kinks Mineral Resource Refined
Kinks Mineral Resource Refined 41.5Mt at 0.68% V2O5 for 0.62 Billion lbs V2O5i For personal use only • Mineral Resource Estimate extended over 1.8km of strike. • Includes high-grade >0.8% V2O5 subset in Western Block not previously defined. 3.5 Mt at 0.84% V2O5, 38.2% Fe, 8.1% TiO2 for 0.06 B lbs V2
Slide 20: Kinks South New Mineral Resource
Kinks South New Mineral Resource 29.2Mt at 0.73% V2O5 for 0.47 Billion lbs V2O5i For personal use only • New maiden Mineral Resource Estimate defined over >1.5km of strike. • Includes high-grade core to be targeted in Scoping Study analysis. 9.6Mt at 0.88% V2O5, 36.8% Fe, 8.0% TiO2 for 0.19 B lbs V2
Slide 21: Appendix – Vanadium Company Snapshot
Appendix 1 – Vanadium Company Snapshot TECHNOLOGY AUSTRALIAN SUREFIRE VIKING MINES VENUS METALS NEOMETALS ATLANTIC PTY COMPANY METALS VANADIUM RESOURCES (ASX:VKA) (ASX: VMC) (ASX:NMT) LTD (PRIVATE) (ASX:TMT) (ASX:AVL) (ASX:SRN) For personal use only Murchison Australian Victory Bore and Canegrass Te
Slide 22: Appendix – Canegrass Mineral Resource Estimate
Appendix 2 – Canegrass Mineral Resource Estimate i Cut-Off V2O5% JORC Tonnage V2O5 Fe Fe2O3 TiO2 Cu Ni Co Al2O3 SiO2 P P2O5 LOI V2O5 V2O5 Mt Mt Cu Ni Co For personal use only Model Deposit (2012) Volume Density Tonnes (Mt) % % % % % % % % % % % % T BLbs Fe TiO2 T T T Classification From To 0.00 0.50
Slide 23: Appendix – Vanadium VRFB Global Uptake Increasing
Appendix 3 – Vanadium VRFB Global Uptake Increasing Over 200 Operating VRFB Projects Worldwide i For personal use only • Sumitomo Electric has grid scale projects from 125kW to 17MW in Japan, US, Europe, Africa & Asia, and recently announced a new order for a 1MW/8MWh system. • German manufacture, P