Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Viking Mines Limited ( (AU:VKA) ) just unveiled an update.
Viking Mines has advanced preparations for its maiden drilling campaign at the Linka Tungsten Project in Nevada by lodging a Notice of Intent with the U.S. Bureau of Land Management, satisfying key federal regulatory requirements. The company plans a 63-hole program from 48 drill pads, marking the first drilling at the past-producing project in more than 40 years and aiming to verify historic high-grade tungsten intercepts as well as evaluate near-surface mining opportunities.
The campaign is designed to test the scale of the Linka system, including an 800-metre southwest extension where surface sampling has indicated promising grades, and to conduct regional reconnaissance drilling to validate geophysical models and identify mineralised contact zones. With contractor selection in its final stages and site mobilisation targeted for the June quarter, the program is positioned to fast-track resource definition and potentially strengthen Viking’s role as a domestic tungsten supplier ahead of impending restrictions on Chinese-origin tungsten in U.S. military supply chains.
More about Viking Mines Limited
Viking Mines Limited is an Australia-listed resources company focused on exploration and development of mineral projects, with a current emphasis on tungsten assets in the United States. Its flagship Linka Tungsten Project in Nevada targets supply into a U.S. market that is structurally short of domestically produced tungsten, particularly for strategic and defence-related uses.
Average Trading Volume: 23,205,114
Technical Sentiment Signal: Sell
Current Market Cap: A$24.26M
See more insights into VKA stock on TipRanks’ Stock Analysis page.