Viking Mines Limited · ASX:VKA
Viking Mines — Merger or Acquisition (December 2025)
13 slides from Viking Mines's merger presentation, Dec 22, 2025
Slide 1: Securing America's Tungsten Future
For personal use only Securing America's Tungsten Future Acquiring High-Grade, Past-Producing Assets in Nevada, USA 22 December 2025 ASX: VKA
Slide 2: Viking Nevada Tungsten Projects: Overview
ASX:VKA Viking Nevada Tungsten Projects: Overview US Strategic Asset Acquisition For personal use only 100% acquisition of 6 tungsten projects in Nevada, Tier-1 Mining Jurisdiction Proven Production History Projects have combined historic production2 of ~123kt ore @ 0.54% WO₃ Strategic Backing Corne
Slide 3: Tungsten: The Critical Defence Metal
ASX:VKA Tungsten: The Critical Defence Metal Critical Defence Perfect Speed Vulnerability Market Timing to Market For personal use only Zero Domestic Supply Record High Prices Proven History The USA relies 100% on (~US$900/mtu ATP1, Dec 2025) Past-producing mines imports (China controls ~85% Tungste
Slide 4: Linka: A Proven Production Hub
ASX:VKA Linka: A Proven Production Hub For personal use only Proven Production Scale1 • Historical processing : Treated 65kt of ore through an on-site 360tpd mill (operational until 1956)2 • Three historical mines: Linka, Conquest & Hillside occurring over ~820m of strike length, remain open to the
Slide 5: Linka Mine: High-Grade & Open at Depth
ASX:VKA Linka Mine: High-Grade & Open at Depth Exceptional Grade Profile1 For personal use only • Historic mining targeted high-grade zones, with stopes recorded up to 3.0% WO₃ • Underground intercepts include 6.1m @ 1.50% WO₃ and 0.9m @ 2.40% WO₃ Ideal Mining Geometry • Steeply dipping historical o
Slide 6: Building a District: Near-Mine Satellites
ASX:VKA Building a District: Near-Mine Satellites Alpine Project2 For personal use only Unfinished Business: Historic mining focussed on high-grade (>0.5%), leaving unmined mineralisation behind Growth Target: Historical exploration target of ~90kt @ 0.4% WO₃, untested to granodiorite contact Victor
Slide 7: Regional Pipeline: High-Grade Discovery Targets
ASX:VKA Regional Pipeline: High-Grade Discovery Targets Ragged Top Project For personal use only Exceptional Grade: Historic production1 grades of 1.0% WO₃ from surface skarns Geology: Tungsten-bearing "roof pendants" up to 50ft wide; extensive strike length never tested at depth Long Project Open M
Slide 8: Rapid Path to Value Creation
ASX:VKA Rapid Path to Value Creation Phase 1 Phase 2 Phase 3 For personal use only Validation & Target Definition Resource Definition Development & Expansion Boots on the Ground: Deployment of field Maiden Drill Program: Testing JORC Resource: Delivery of maiden teams for surface mapping and samplin
Slide 9: Summary
ASX:VKA Summary High-Grade Strategic Entry into US Critical Minerals For personal use only Tier-1 Location: Securing 100% of a historic, high- Macro Tailwinds: Capitalising on record tungsten prices and tightening grade tungsten district in Nevada, a top-ranked global geopolitical supply chains mini
Slide 10: Company Overview
ASX:VKA Company Overview Corporate Snapshoti Board and Management ASX Code Share Price Shares on Issue For personal use only VKA $0.009 1.699B 18 Dec 2025 Market Cap Cash Enterprise Value $15.2M $2.8M $12.4M (Undiluted) as at 19 Dec 25 Charles Thomas Julian Woodcock Dr Julian Stephens Bevan Tarratt
Slide 11: For more information please contact
For personal use only For more information please contact: Julian Woodcock Managing Director & CEO P: +61 8 6245 0870 11
Slide 12: Disclaimer & Competent Persons Statements
ASX:VKA 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 For personal use o
Slide 13: Historical Exploration Results Cautionary Statement
ASX:VKA Historical Exploration Results, as per FAQ 36 and ASX LR 5.7 Cautionary Statement The information contained in this announcement is an accurate representation of the available data and historical reports for the Nevada Tungsten Projects acquisition (Exploration Results) and historical produc