Viking Mines Limited ( (AU:VKA) ) has shared an announcement.
Viking Mines Limited has entered a ‘Drill-for-Equity’ agreement with Topdrill, allowing the company to offset drilling costs by issuing up to 25 million shares to the contractor. This strategic move aims to preserve Viking’s balance sheet while expanding its drilling program at the Riverina East project, which is part of a broader exploration effort along the Zuleika Shear. The agreement reflects confidence in Viking’s exploration strategy and is expected to enhance its operational capacity without immediate financial strain.
More about Viking Mines Limited
Viking Mines Limited is a company operating in the mining industry, focusing on exploration and development of mineral resources. The company is particularly involved in gold exploration, with a significant emphasis on projects located in the Riverina East region.
Technical Sentiment Signal: Buy
Current Market Cap: €5.83M
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