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The latest update is out from Viking Mines Limited ( (AU:VKA) ).
Viking Mines has advanced its Nevada tungsten portfolio, completing due diligence that confirms high-grade mineralisation and strategic potential across six projects, including historical production of approximately 123,000 tonnes at 0.54% WO3. The Linka project has been elevated as the flagship asset under a fast-to-market U.S. tungsten strategy, with the identified mineralised corridor doubling in strike length and recent work delivering thick, high-grade intercepts and a premium 63.6% WO3 scheelite concentrate.
Systematic exploration at Linka ramped up during the March quarter, with surface sampling returning assays as high as 14.7% WO3 and geophysical surveys outlining a potential multi-kilometre-scale system. Backed by a strong cash position and a new U.S. OTC listing under ticker VKALF, Viking is engaging Tier-1 technical partners and preparing maiden drill programs, positioning the company to accelerate development and potentially capitalise on record tungsten prices and geopolitical concerns over China’s dominant supply role.
More about Viking Mines Limited
Viking Mines Limited is an Australia-based mineral exploration company focused on developing tungsten assets, particularly in the Tier-1 mining jurisdiction of Nevada, USA. The company is targeting the critical minerals market, with an emphasis on high-grade tungsten projects that can supply western markets amid tightening global supply and elevated prices.
YTD Price Performance: 50.0%
Average Trading Volume: 23,638,338
Technical Sentiment Signal: Buy
Current Market Cap: A$36.38M
See more data about VKA stock on TipRanks’ Stock Analysis page.