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Viking Mines Limited ( (AU:VKA) ) just unveiled an update.
Viking Mines has reported strong initial metallurgical results from gravity separation testwork on a high-grade sample from its Linka Pit tungsten project, achieving a 16-fold upgrade from a 1.4% WO3 feed to a 22.9% scheelite rougher concentrate. The first-stage process delivered 63.7% recovery at a coarse grind, suggesting a potentially low-capex, mechanically simple processing route that avoids expensive reagents.
The company is fast-tracking flowsheet refinement, including staged grinding, cleaner gravity testwork and subsequent flotation of gravity tails, with the aim of boosting overall tungsten recovery. Viking is also in strategic discussions with processing specialist Mineral Technologies to assess modular, low-cost gravity units for a rapid development start, positioning the project to benefit from near-record tungsten prices and supportive demand for critical minerals.
The most recent analyst rating on (AU:VKA) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Viking Mines Limited stock, see the AU:VKA Stock Forecast page.
More about Viking Mines Limited
Viking Mines Ltd is an Australia-based resources company focused on developing the Linka Tungsten Project in Western Australia. The company is advancing tungsten production through gravity separation and conventional flotation, targeting cost-efficient extraction of scheelite concentrate amid historically high global tungsten prices.
YTD Price Performance: 90.0%
Average Trading Volume: 25,724,236
Technical Sentiment Signal: Buy
Current Market Cap: A$46.05M
For a thorough assessment of VKA stock, go to TipRanks’ Stock Analysis page.