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The latest update is out from Viking Mines Limited ( (AU:VKA) ).
Viking Mines has completed due diligence on its planned acquisition of a portfolio of high-grade tungsten projects in Nevada and has formally entered the acquisition phase with BLK Group. The review validated historical geological data, confirmed significant resource potential at the Linka project, and enables Viking to bypass early-stage exploration in favour of targeted drilling and rapid development.
The company has expanded its strategic landholding through aggressive staking, secured extensive historical production and technical data, and is advancing 3D geological modelling, geophysics, and permitting ahead of a maiden 2026 drilling campaign. Viking is also assessing near-term production opportunities from historical stockpiles and shallow open-pit mineralisation at Linka, aligning its accelerated development plans with growing U.S. demand for secure, non-Chinese tungsten supply under new defence supply chain rules.
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 the exploration and development of critical minerals, with a current strategic emphasis on high-grade tungsten projects in Nevada, U.S. The company aims to position itself as a key supplier to the U.S. defence and industrial sectors amid tightening regulations on foreign-sourced tungsten.
YTD Price Performance: 10.0%
Average Trading Volume: 22,704,476
Technical Sentiment Signal: Sell
Current Market Cap: A$28.01M
For detailed information about VKA stock, go to TipRanks’ Stock Analysis page.