Viking Mines (ASX: $VKA) achieves critical milestone at Canegrass Project

Viking Mines Limited (ASX: $VKA) has achieved a significant milestone at its flagship Canegrass Battery Minerals Project in Western Australia. The company successfully produced vanadium pentoxide (V2O5) flake for the first time, marking a critical advancement in the project's metallurgical progress.

Executive Commentary on Metallurgical Progress

Viking Mines Managing Director & CEO Julian Woodcock expressed his satisfaction with the milestone, stating, 'I am extremely pleased with the progress made and the production of V2O5 flake confirms the proof of concept for the production of highly valuable Vanadium from the Canegrass Project. The Company will now proceed with roasting the remaining sample of magnetic concentrate to optimize and further purify and enhance the product.' Woodcock also highlighted the commencement of Stage 3 testwork, aiming to extract maximum value from the Project and unlock it for the benefit of shareholders.

Summary of Vanadium Pentoxide Production and Future Outlook

Viking Mines' successful production of vanadium pentoxide (V2O5) flake from the Canegrass Project marks a significant achievement, demonstrating the project's potential for vanadium production. The company's ongoing metallurgical progress, including the refinement and optimization of the V2O5 flake production process, reflects its commitment to maximizing the value of the Canegrass Project. With the commencement of Stage 3 testwork and the focus on producing additional marketable products, Viking Mines aims to capitalize on the inherent value of the Project, ultimately benefiting its shareholders. The company's recognition of the importance of vanadium in decarbonization and the growth potential of Vanadium Redox Flow Batteries (VRFBs) further underlines its strategic positioning in the evolving energy storage sector.