Viking Mines Limited · ASX:VKA
Viking Mines — Viking Ashanti — Africa Down Under Conference 2012
16 slides from Viking Mines's conference presentation, Aug 30, 2012
Slide 1: Africa Down Under Conference August 2012
For personal use only An ASX listed Perth-based gold explorer focused on Ghana in West Africa Africa Down Under Conference August 2012 www.vikingashanti.com
Slide 2: Disclaimer and Competent Person's Statement
Disclaimer and Competent Person’s Statement 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
Slide 3: Introduction
Introduction For personal use only Viking Ashanti Ltd listed in 2010 to develop its advanced gold projects in Ghana, West Africa. Two project areas in the Ashanti Gold Belt - West Star/Blue River and Akoase. 704,000 oz Inferred JORC resource (April 2012) at Akoase. Resolute Mining retains it
Slide 4: Investment Highlights
Investment Highlights For personal use only Recently identified near surface higher grade zone at Akoase (best intercept 31m @ 7.84 g/t Au, incl. 16m @ 10.82 g/t Au) transforms potential to expand 700,000 oz resource. New exploration targets identified based on strong soil anomalies at both Akoa
Slide 5: Corporate Information
Corporate Information For personal use only ASX: VKA (listed May 2010) Share Price $0.10 (27 Aug 2012) Shares Outstanding 81,850,580* Market Capitalisation ~$8m Trading Range $0.064 to $0.165 (12 month) Cash ~$1.8m Debt Nil Major Shareholders Resolute Mining Ltd 33% Directors 17% Australian HNW and
Slide 6: Ghana – Good as Gold
Ghana – Good as Gold For personal use only Politically and socially stable Excellent mining infrastructure and services 25 year successful track record of modern mining 3Moz Au production in 2011 and increasing, ranks #2 in Africa and #9 in world 6
Slide 7: Project locations in southern Ghana
Project locations in southern Ghana For personal use only Strategic land position within highly prospective Ashanti Gold Belt Close to roads, power, water, workforce Major mining projects nearby 7
Slide 8: Akoase East – April 2012 Updated Resource
Akoase East – April 2012 Updated Resource For personal use only Inferred JORC resource: 18.0 Mt @ 1.2 g/t Au for 704,000 oz Au No historical or artisanal mining 21,000m of drilling over 3.5 km strike Outcrops at surface, ~30% oxide Free milling – expect 85-95% recovery Multiple, steeply di
Slide 9: Akoase East – Updated Resource
Akoase East – Updated Resource For personal use only Resource open at depth and to northeast Only drilled to ~120m below surface 9
Slide 10: Akoase East – Potential extensions
Akoase East – Potential extensions For personal use only Higher grade zone at Alimac, open to NE and at depth Two soil geochem trends to test, adjacent to resource 1,200m target zone identified from broad spaced drilling at Andy Hills 10
Slide 11: Akoase – Exploration upside
Akoase – Exploration upside For personal use only Soil geochemistry defines nine new targets related to parallel faults ~6 strike km of 11 strike km Kadewaso structural corridor tested by drilling to date Infill soil sampling planned 11
Slide 12: Project Location – West Star/Blue River
Project Location – West Star/Blue River For personal use only 60km south of Tarkwa Adjoins Endeavour’s Nzema mine 17 strike km of Salman Shear zone to explore 12
Slide 13: West Star and Blue River projects
West Star and Blue River projects For personal use only Only 4 strike km of Salman shear zone drill tested so far Numerous intersections in RC drilling on broad spaced lines Results from recent 1,800m drilling at Blue River highlights Salman shear zone prospectivity 13
Slide 14: West Star project – new drill targets
West Star project – new drill targets For personal use only Soil geochemistry and drilling highlights prospectivity of Salman Shear Zone Multiple >200 ppb Au anomalies over 14 strike km Reconnaissance RC drilling on new priority targets planned 14
Slide 15: Planned Program 2012-13
Planned Program 2012-13 For personal use only Akoase resource growth – target >1 mill oz Min 2,000m RC and 1,000m diamond drilling planned in next three months Infill soil sampling and first drilling on new geochemical targets at Akoase Commence systematic drilling of new multiple geochemica
Slide 16: Summary
Summary For personal use only New Akoase resource – 700,000 oz and growing New targets for drilling identified at Akoase Pathway to production at Akoase emerging New multiple drill targets at West Star/Blue River Contacts: web: www.vikingashanti.com email: info@vikingashanti.com 16