Viking Mines (ASX: $VKA) Quarterly Report Highlights

Viking Mines Limited (ASX: $VKA) has released its quarterly activities report for the period ended 31 March 2024. The report highlights the successful completion of a Pit Optimisation Study at the Canegrass Battery Minerals Project, resulting in the definition of a substantial pit constrained high-grade, low strip-ratio Inferred category Mineral Resource Estimate (MRE). Additionally, Viking Mines identified nineteen Lithium anomalies at the First Hit Lithium and Gold Project, with eight immediate priority targets.

Executive Commentary

The Company's focus during the reporting period was on advancing exploration programmes at the Canegrass Battery Minerals Project and the First Hit Lithium and Gold Project. The successful completion of the Pit Optimisation Study at the Canegrass Project has delivered a substantial pit constrained high-grade, low strip-ratio Inferred category MRE, exceeding Viking's strategic objective. Additionally, the identification of nineteen Lithium anomalies at the First Hit Project presents significant opportunities for further exploration and development.

Summary of Quarterly Report and Outlook

Viking Mines (ASX: $VKA) has made significant progress in its exploration activities, particularly with the successful completion of the Pit Optimisation Study at the Canegrass Battery Minerals Project and the identification of high-priority Lithium targets at the First Hit Project. The Company's strong cash position of $4.44M provides a solid foundation for its planned activities in the June quarter, including advancing metallurgical testwork, increasing Mineral Resource confidence, and engaging in further exploration. Viking Mines also aims to capitalize on mineral acquisition opportunities to complement its existing project portfolio, with a focus on acquiring advanced future metal projects. The Company's outlook remains positive as it continues to pursue its corporate strategy and explore opportunities for long-term shareholder returns.