Viking Mines Limited · ASX:VKA
Viking Mines — Viking Ashanti — Africa Down Under Conference 2010
14 slides from Viking Mines's conference presentation, Sep 3, 2010
Slide 1: Presentation - Africa Down Under Conference
For personal use only Viking Ashanti Limited Presentation ‐ Africa Down Under Conference 3rd September 2010 Viking Ashanti Limited (ASX: VKA) advises that the attached Presentation is being used at the Africa Down Under Conference today and is now available on the company’s website. ENDS Peter McMic
Slide 2: Viking Ashanti Background
For further information contact: Peter McMickan Managing Director Viking Ashanti Ltd pmcmickan@vikingashanti.com 0401 476 266 For personal use only Media Ian Howarth Collins Street Media 0407 822 319 ian@collinsstreetmedia.com.au Viking Ashanti Background Viking Ashanti’s Akoase gold project contain
Slide 3: Africa Down Under Presentation
For personal use only Viking Ashanti Limited Africa Down Under Presentation September 2010 www.vikingashanti.com
Slide 4: Disclaimer
Disclaimer 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 this document has been derived f
Slide 5: Viking Ashanti Overview
Viking Ashanti Overview For personal use only Listed on ASX in May 2010, raising $8 million. Assets acquired from Resolute Mining Limited - 33.25% stake retained in VKA All projects in the Ashanti Gold Belt of Ghana – unrivalled gold endowment Resolute had spent $7 million to progress projec
Slide 6: Investment Highlights
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 significant expansio
Slide 7: 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 8: 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 9: 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 10: Akoase East – Resource Growth
Akoase East – Resource Growth For personal use only Gold mineralisation hosted in quartz veined and sheared sediments Resolute geochemistry and geophysics confirms potential for strike extensions RC and diamond drilling to increase resource immediately along strike to NE and SW, and at depth
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 development-stage Nzema Gold Project Other neighbouring
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
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 11
Slide 14: 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