Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
An announcement from Viking Mines Limited ( (AU:VKA) ) is now available.
Viking Mines has reported that expanded ground magnetics surveys at its Linka Tungsten Project in Nevada reveal the asset is part of a much larger intrusive system than previously thought. The new geophysical data show an interpreted source intrusion of about 2km in diameter, with only around 11% of the prospective contact zone currently exposed and historically tested.
The company has identified multi‑kilometre potential for new skarn mineralisation and outlined southern extensions of the main Linka zone beneath volcanic cover, creating high‑conviction new drill targets. Advanced 3D modelling is now being integrated with the geophysics to finalise drill coordinates for a June‑quarter campaign, with the scale and location of the system enhancing Linka’s significance as a potential domestic tungsten source for the U.S. strategic metals supply chain.
The most recent analyst rating on (AU:VKA) stock is a Sell 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 mineral exploration, with current activity centred on the Linka Tungsten Project in Nevada, U.S. The project targets tungsten, a critical strategic metal, positioning Viking to benefit from growing demand in the U.S. supply chain amid elevated ammonium paratungstate (APT) prices.
YTD Price Performance: 40.0%
Average Trading Volume: 27,154,649
Technical Sentiment Signal: Buy
Current Market Cap: A$33.93M
Find detailed analytics on VKA stock on TipRanks’ Stock Analysis page.