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Viking Mines Limited ( (AU:VKA) ) has issued an update.
Viking Mines has reported high-grade tungsten oxide assay results from four metallurgical samples totalling 295kg at its Linka Tungsten Project in Nevada, with one sample from the Linka open pit returning 1.3% WO3 and the weighted average grade across all samples at 1.0% WO3. These results confirm the high-grade nature of scheelite mineralisation at Linka, compare favourably with operating mines globally, and come as tungsten prices for scheelite concentrates remain at record highs, supporting the company’s decision to advance metallurgical testwork and reinforcing the project’s potential strategic value within a Tier 1 jurisdiction as part of Viking’s broader US tungsten portfolio.
The most recent analyst rating on (AU:VKA) stock is a Hold with a A$0.01 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 Limited is an ASX-listed resources company focused on acquiring and developing high-grade tungsten projects in the United States, with a particular emphasis on scheelite mineralisation. The company is currently in the process of acquiring six US-based tungsten assets, including the Linka Project in Nevada, positioning itself to leverage strong global demand and record prices for tungsten concentrates.
Average Trading Volume: 41,453,416
Technical Sentiment Signal: Sell
Current Market Cap: A$16.15M
See more data about VKA stock on TipRanks’ Stock Analysis page.