Viking Mines Limited · ASX:VKA
Viking Mines — Future Facing Commodities Singapore 2024
19 slides from Viking Mines's conference presentation, Mar 26, 2024
Slide 1: Battery Minerals Developer Focused on Critical Mineral Vanadium
For personal use only Battery Minerals Developer Focused on Critical Mineral Vanadium Future Facing Commodities Singapore Conference Presentation 26-28 March 2024 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 ASX Code Share Price Shares on Issue Board and Management VKA $0.011 1.025B For personal use only (21 March 2024) Market Cap Cash Enterprise Value Charles Thomas Julian Woodcock Michael Cox Bevan Tarratt $11.3M $5.1M $6.2M Chairman Managing Director & CEO Non-Executive Director No
Slide 4: Two Projects Located in a Tier Jurisdiction
Two Projects Located in a Tier 1 Jurisdiction WA, Ranked #2 in 2022 Fraser Institute Annual Survey For personal use only Canegrass Battery Minerals Project • Outcropping hard-rock vanadium magnetite project, located in the Murchison Region, WA. • 60km from the township of Mount Magnet, with sealed a
Slide 5: Vanadium Critical, Industrial and Battery Mineral
Vanadium Critical, Industrial and Battery Mineral Established Critical Mineral with Massive Growth Potential For personal use only 91% of global Established industrial Main component in 90% of supply used by the production comes from mineral, primarily used Vanadium Redox Flow steel sector, new mine
Slide 6: Vanadium Alternate Energy Storage Solution
Vanadium Alternate Energy Storage Solution Vanadium Redox Flow Battery (VRFB) Significant advantages For personal use only over Li-Ion batteries • Growing demand for safe long lifespan energy storage, with limited degradation. VRFB battery revolution is underway. • Commercial production occurring gl
Slide 7: Canegrass Battery Minerals Project
Canegrass Battery Minerals Project Rapidly Advancing Project to Development For personal use only • Consistently delivering on key milestones: ✓ Resource Drilling ✓ Substantial Increase in Global MREi ✓ POS demonstrates open pit potential ✓ Metallurgical testwork confirms potential of multicommodity
Slide 8: Canegrass Pit Optimisation Study
Canegrass Pit Optimisation Study Pit Constrained MRE 61Mt @ 0.81% V2O5 & 35.9% Fe I (>0.7% V2O5 cut-off) For personal use only • Pit Optimisation Study (‘POS’) highly successful, delivering large, high-grade, in–pit MRE. • Viking doubled strategic objective of >30Mt ii high-grade open pit Resource i
Slide 9: Fold Nose High-Grade Open Pit Resource
Fold Nose High-Grade Open Pit Resource Pit Constrained MRE 39Mt @ 0.81% V2O5 & 36% Fe i V2O5% (>0.7% V2O5 cut-off) 0.5 – 0.8 For personal use only 0.8 – 1.0 >= 1.0 Fold Nose deposit delivers the largest open pit with: • Large open pit 1,300m x 600m x 180m • Low strip ratio at 3.7:1 • Conceptual mine
Slide 10: Flow Sheet Optimisation Underway
Flow Sheet Optimisation Underway Opportunity to Improve Project Economics Mining Crush/grind Magnetic Separation Tail Concentrate For personal use only Metallurgical Testwork on Fold Nose Ore Well Advanced: • 86.7% V2O5 total recovery from ore feed. Iron (Fe) Residue Roasting Sulphide Flotation • Lo
Slide 11: 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 ore Develop full process and produce concentrate for supply Multiple options V2O5 flake for sale to market to steel industry a
Slide 12: Murchison Region Vanadium Focussed Projects
Murchison Region Vanadium Focussed Projects Regional Vanadium/Titanium Projects For personal use only AUSTRALIAN VENUS SUREFIRE VIKING MINES COMPANY VANADIUM METALS RESOURCES (ASX:VKA) (ASX:AVL) (ASX: VMC) (ASX:SRN) Canegrass Australian Victory Bore Battery Vanadium PROJECT Youanmi & Minerals Projec
Slide 13: First Hit Project Lithium & Gold Opportunity
First Hit Project Lithium & Gold Opportunity Substantial Land Package in Prolific Lithium/Gold Region For personal use only • The First Hit Project landholding totals 493km2 (granted and under application)i in the WA Goldfields. • Located 60km south and along strike of Delta Lithium’s Mt Ida Gold an
Slide 14: First Hit Lithium Potential
First Hit Lithium Potential Eight High-Priority Lithium Targets Identified For personal use only • Auger drilling defined nineteen lithium anomalies throughout the area, with eight immediate priority targets.i • Many anomalies are significant in size, with the three largest measuring 2.0km x 0.6km (
Slide 15: Delivering on Key Milestones & Fully Funded for Future
Delivering on Key Milestones & Fully Funded for Future Development Pathway Preliminary pit optimisation Activity Q1 CY24 Q2 CY24 Q3 CY24 Q4 CY24 studies to completed delivering Canegrass Battery Minerals Project For personal use only multiple large open pits on all deposits Pit Optimisation Study St
Slide 16: VKA Investment Summary
VKA Investment Summary For personal use only Exposure To Critical Mineral Large MRE with Vanadium with Fe, Ti, Cu, Ni, demonstrated open pit & Co Upside potential, de-risking the + additional Li & Au Projects project Consistently Delivering on Key Undervalued Compared to Milestone with Fully Funded
Slide 17: 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
Slide 18: Appendix – Vanadium Company Snapshot
Appendix 1 – Vanadium Company Snapshot SUREFIRE VIKING MINES AUSTRALIAN VANADIUM VENUS METALS NEOMETALS ATLANTIC PTY COMPANY RESOURCES (ASX:VKA) (ASX:AVL) (ASX: VMC) (ASX:NMT) LTD (PRIVATE) (ASX:SRN) For personal use only Murchison Technology Australian Victory Bore and Canegrass Metals Project Vana
Slide 19: Appendix – Canegrass Mineral Resource Estimate
Appendix 2 – Canegrass Mineral Resource Estimate Global MRE 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 Model Deposit (2012) Volume Density Tonnes For personal use only (Mt) % % % % % % % % % % % % T BLbs Fe TiO2 T T T Classification From T
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