Viking Mines (ASX: $VKA) Metallurgical Testwork Update

Viking Mines Limited (ASX: $VKA) has achieved significant milestones in its Stage 2 Metallurgical Testwork at the Canegrass Battery Minerals Project. The testwork has resulted in the production of a high-quality magnetite concentrate with impressive grades of 1.43% V2O5, 59% Fe, and 11.7% TiO2. The recoveries of V2O5, Fe, and TiO2 from the ore are notably high at 93.0%, 83.7%, and 79.5% respectively, with an overall mass pull of 53.2%.

Viking Mines Managing Director & CEO Julian Woodcock's Commentary

I'm extremely pleased with the performance of the samples and the progress made with the metallurgical testwork. The quality of the concentrate delivers on our expectations with high recoveries of the primary commodities, high mass pull, and low silica and alumina required to proceed with roasting. We have maintained the high vanadium recoveries seen in the sighter Davis Tube Recovery ('DTR') testwork with 93.0% and significantly reduced the silica and alumina content which is critical for the project to proceed on a conventional processing pathway. The next key step will be to produce V2O5 flake from the concentrate and then we will have demonstrated a pathway to unlocking the significant value of this substantial Resource. We will also continue to investigate options to further enhance the value of the Project such as producing a sulphide concentrate from the tail to realize value of the significant Cu, Ni & Co credits, separating the Fe and Ti to produce a premium magnetite concentrate and ilmenite (titanium) concentrate and finally targeting a high purity >99% V2O5 flake product which attracts a premium for use in the electrolyte, aerospace, and defense industries. Viking are rapidly advancing this high-value Project, and when this testwork is complete we will be able to assess the true value which can be realized for the benefit of our shareholders. I look forward to sharing the progress and results with the market as we achieve key milestones.

Metallurgical Testwork Summary and Outlook

The metallurgical testwork at Viking Mines' Canegrass Battery Minerals Project has yielded a high-quality magnetite concentrate with impressive recoveries and low impurities. The company's focus on maintaining high vanadium recoveries, reducing silica and alumina content, and producing V2O5 flake demonstrates a clear pathway to unlocking substantial value from the resource. Viking Mines is committed to enhancing the project's value through various avenues, including the production of premium magnetite and ilmenite concentrates, as well as targeting a high-purity V2O5 flake product. With the ongoing advancements, the company aims to assess the true value that can be realized for the benefit of its shareholders as it achieves key milestones.