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Viking Mines (ASX: VKA) Identifies Viable Pits at Canegrass After Positive Pit Optimisation Study - Kalkine Media

March 18, 2024 03:42 PM AEDT | By Manisha
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Highlights

  • Viking Mines has received the results from the Pit Optimisation Study for the Canegrass Battery Minerals Project, Western Australia.
  • MEC mining completed the POS on the Canegrass following a thorough industry standard process.
  • As per POS results, the three deposits of the project have returned several pit shells.
  • The combination of current input cost parameters and commodity pricing and recent metallurgical results show outstanding potential for the project, says the firm.

Viking Mines Limited (ASX: VKA) has received the results from the Pit Optimisation Study for the Canegrass Battery Minerals Project, Western Australia. The POS was conducted on the Canegrass by MEC Mining following a thorough industry standard process.

As per the outcomes of the POS, the three deposits of the project have returned several pit shells reflecting the potential for positive economic viability under the set assumptions. The combination of current input cost parameters and commodity pricing and recent metallurgical results show outstanding potential for the project, says the firm.

The results support advancement towards the strategic objectives of the company of building an operation with a >15 years mine life at 1.5-2.0Mtpa and with an average in-situ grade of 0.81% V2O5.

VKA shares last traded at AU$0.010 apiece on 18 March 2024.


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