Latest Viking Mines (ASX:VKA) News

Viking Mines reports assay results confirming TOMRA X-ray ore sorting can upgrade tungsten grades by up to 4.1 times and recoveries nearing 93% at its Nevada Linka Project.

Viking Mines’ maiden drilling at Nevada’s Linka Project reveals multiple broad intervals of visually confirmed scheelite mineralisation, setting the stage for assay results that could validate a near-term tungsten supply boost.

Small-cap resources stocks led the week, while takeover activity and strong company results added to the gains. Wellnex Life more than doubled, but sharp falls in Trek Metals and Ionic Rare Earths showed that positive news did not always bring buyers.

Materials shares delivered another strong week, led by a 60.61% rise at iTech Minerals and major gains across gold, copper and critical minerals.
Investors rewarded fresh drilling results, larger mineral resources, project approvals and new supply agreements, although several heavily sold stocks showed that early buying did not always last.

Viking Mines has uncovered significant tungsten mineralisation in historical rock stockpiles at its Linka Tungsten Project, Nevada, with assay results reaching 1.8% WO3, well above the historical mined average. The findings open the door to potential ore sorting applications and advance the project towards a brownfields restart.

Viking Mines has secured full permitting and contractor engagement for its maiden 63-hole drilling campaign at the Linka Tungsten Project in Nevada, alongside metallurgical testwork exceeding recovery targets and a strategic divestment of its First Hit Gold Project.

Viking Mines’ tailings sampling at Nevada’s Linka Tungsten Project reveals minimal leftover tungsten, affirming strong historical recovery and bolstering confidence before maiden drilling in July.

Viking Mines has agreed to sell its non-core First Hit Gold Project in Western Australia to First Au Limited for up to $5 million, allowing it to concentrate resources on its flagship Linka Tungsten Project in Nevada with drilling imminent.

A brutal sell-off in a few small caps sat alongside takeover bids, fresh capital raisings and strong gains in medtech. The week split the market in two: buyers chased clear funding and approval news, while weaker stories sank fast after reopening.

Big price swings hit the materials board as deal news, capital raisings and resource updates pulled stocks in opposite directions. Gold M&A stayed busy, while critical minerals names kept feeding the market with drilling, testwork and project studies.

Viking Mines has achieved a significant metallurgical breakthrough at its Linka Tungsten Project, boosting recovery to 76.0% with a 56.9% WO3 concentrate grade, surpassing previous targets and reinforcing a low-capex processing approach ahead of maiden drilling.

Viking Mines reports up to 1.1% WO3 in Linka stockpile samples, advancing processing and drilling plans amid strong tungsten prices.