VKA: FY26 Annual Report to Shareholders
Original announcement by asx on
- Company
- Viking Mines Limited
- Ticker
- VKA
- Exchange
- ASX
- Region
- Unavailable
- Primary commodity
- Tungsten
- Secondary commodities
- Gold, Vanadium, Iron ore, Titanium, Silver, Bismuth
- Document categories
- Drill results, Metallurgy, Other, Resource update
- Extracted
- 2026-09-30 08:23:18 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Viking Mines Limited's 2026 Annual Report highlights a pivotal year marked by the strategic acquisition of six US tungsten projects, establishing Linka as its flagship. The company achieved significant metallurgical success at Linka, producing a premium scheelite concentrate with high recovery, and secured permits for a maiden 63-hole drilling program. The report also details historical high-grade tungsten drill intercepts, new gold drill results from Riverina East, and an updated vanadium resource for the Canegrass project, alongside the divestment of non-core gold assets and a successful capital raise.
Reasoning: The company successfully acquired a portfolio of tungsten projects, advanced the flagship Linka project with strong metallurgical results and secured drilling permits, and strategically divested non-core assets, all supported by a capital raise.
Positive factors
- Strategic Acquisition
- Successful Metallurgical Testwork
- Permit Granted
- Resource Update
- Capital Raise
Negative factors
- Historical Data Not JORC Compliant
- No QA/QC Disclosure for some drill results
- All Resources Inferred
- Bench Scale Only for some metallurgy
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 33
Classification and evidence
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: Historical drill results are re-released without JORC 2012 compliance, indicating lower novelty and verifiability.
Evidence · text
“The historical Exploration Results referred to in this report were not reported in accordance with the JORC Code 2012.”
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: The document explicitly states that a Competent Person has not done sufficient work to disclose historical results in accordance with JORC Code 2012, implying a lack of verifiable QA/QC.
Evidence · text
“A Competent Person has not done sufficient work to disclose the historical Exploration Results in accordance with the JORC Code 2012”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Intercepts are reported as downhole widths without true width or drill orientation, which may overstate true thickness.
Evidence · text
“Significant historical drill intercepts (downhole widths)”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The intercept of 1.5m at 4.8% WO₃ is well above the exceptional threshold for tungsten in skarn deposits.
Evidence · text
“1.5m at 4.8% WO₃”
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: The release does not disclose QA/QC procedures for the new drill results.
Evidence · text
“Phase 3 RC drilling programme of 33 holes for 4,576m was completed... best assay returned was 1m at 1.7g/t Au (VKRC0200)”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: The achieved recovery of 76.0% WO₃ exceeds the company's target of >70% recovery.
Evidence · text
“76.0% recovery, exceeding the Company’s target of >70% recovery”
Free Millingpositive
Simple, clean ore amenable to standard processing without oxidation.
Why it applies: QEMSCAN mineralogy confirmed garnet as the dominant gangue and minimal calcite, suggesting relatively simple mineralogy for processing.
Evidence · text
“QEMSCAN mineralogy confirming garnet as the dominant gangue and minimal calcite”
Recovery Improvingpositive
Recovery improved versus a like-for-like prior test program on the same domain and route.
Why it applies: The recovery improved from 59.8% to 76.0% in subsequent testwork.
Evidence · text
“subsequently improved to 56.9% WO₃ at 76.0% recovery”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The metallurgical flowsheet involves gravity concentration and flotation, which are typical mill processing routes.
Evidence · text
“combined gravity and cleaner flotation testwork”
Bench Scale Onlynegative
Only preliminary bench tests completed — no locked-cycle or pilot work.
Why it applies: The scaled-up testwork was conducted at a 10kg scale, which is still considered bench-scale and not pilot-scale.
Evidence · text
“Scaled up (10kg) combined gravity and cleaner flotation testwork”
Inferred Resourcenegative · Story-specific tag
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: All reported mineral resources for both Canegrass and First Hit projects are classified as Inferred, which is a speculative category with limited geological confidence.
Evidence · text
“Combined Total Inferred MRE for the project increased to 146Mt at 0.70% V2O5”
JORC Compliantpositive · Story-specific tag
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: Both the Canegrass and First Hit Mineral Resource Estimates are prepared and disclosed under the JORC Code 2012 Edition, indicating a high reporting standard.
Evidence · text
“The Mineral Resource estimate released on 20 November 2023 was prepared and disclosed under the JORC Code 2012 Edition.”
QP/CP Signedpositive · Story-specific tag
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Mr Dean O’Keefe, a Fellow of the AusIMM, is named as the Competent Person responsible for the Mineral Resource estimates.
Evidence · text
“Information in this report that relates to the Mineral Resource estimate is derived from information compiled by Mr Dean O’Keefe, a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM, #112948), and Competent Person for this style of mineralisation.”
Resource Updateneutral · Story-specific tag
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document reports an updated Mineral Resource Estimate for Canegrass and confirms no change to the First Hit MRE since prior reports.
Evidence · text
“On 20 November 2023, the Company released an updated Mineral Resource Estimate (MRE) for the Canegrass Battery Minerals Project”
Permit Grantedpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The Notice of Intent for the maiden Linka drilling programme was approved by the US Bureau of Land Management (BLM).
Evidence · text
“approved on 18 May 2026, ahead of the Company’s internal timeline.”
Divestmentneutral · Story-specific tag
No canonical definition is currently available.
Why it applies: The company entered into binding agreements to divest its non-core First Hit Gold Project.
Evidence · text
“Viking entered into binding agreements to divest the 12 tenements comprising the non-core First Hit Gold Project”
Placementneutral · Story-specific tag
No canonical definition is currently available.
Why it applies: The company raised $4.50 million through a placement of ordinary shares to sophisticated and professional investors.
Evidence · text
“The Company raised $4.50 million (before costs) in December 2025 and February 2026, following a placement of 899,138,638 new fully paid ordinary shares”
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: 3 distinct composites were tested
Extracted facts
Stored fact records: 33. Some facts used in scoring do not have a stored record.
Drill Results (18)
CR-19Linka · tungstenGrade: 1.3Grade Unit: %Intercept: 12.2 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CR-19
- Project
- Linka
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- VKA
Geometry
- Grade
- 1.3
- Grade Unit
- %
- Intercept
- 12.2 m
- From
- 26.5 m
- To
- 38.7 m
- Intercept Depth
- 26.5 m
Classification
- Deposit Type
- skarn
- Program
- exploration
- Sample Type
- drill
- Group ID
- CR-19:26.5-38.7
Location
- Location
- Conquest
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This historical intercept shows a good grade over a significant width, but its reliability is limited by its historical, non-JORC compliant nature.
Positive factors
- High Grade
- Significant Width
Negative factors
- Historical Data Not JORC Compliant
- No QA/QC Disclosure
- Apparent Width Only
Evidence · text
“12.2m at 1.3% WO₃ from 26.5m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CR-19Linka · tungstenGrade: 4.8Grade Unit: %Intercept: 1.5 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CR-19
- Project
- Linka
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- VKA
Geometry
- Grade
- 4.8
- Grade Unit
- %
- Intercept
- 1.5 m
Classification
- Deposit Type
- skarn
- Program
- exploration
- Sample Type
- drill
Location
- Location
- Conquest
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade sub-interval is exceptional for tungsten, but its historical, non-JORC compliant nature limits confidence.
Positive factors
- Bonanza Intercept
Negative factors
- Historical Data Not JORC Compliant
- No QA/QC Disclosure
- Apparent Width Only
Evidence · text
“1.5m at 4.8% WO₃”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CR-02Linka · tungstenGrade: 0.6Grade Unit: %Intercept: 22.9 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CR-02
- Project
- Linka
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- VKA
Geometry
- Grade
- 0.6
- Grade Unit
- %
- Intercept
- 22.9 m
- From
- 19.8 m
- To
- 42.7 m
- Intercept Depth
- 19.8 m
Classification
- Deposit Type
- skarn
- Program
- exploration
- Sample Type
- drill
- Group ID
- CR-02:19.8-42.7
Location
- Location
- Conquest
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This historical intercept shows a good grade over a significant width, but its reliability is limited by its historical, non-JORC compliant nature.
Positive factors
- Good Grade
- Significant Width
Negative factors
- Historical Data Not JORC Compliant
- No QA/QC Disclosure
- Apparent Width Only
Evidence · text
“22.9m at 0.6% WO₃ from 19.8m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CR-02Linka · tungstenGrade: 1.2Grade Unit: %Intercept: 6.1 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CR-02
- Project
- Linka
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- VKA
Geometry
- Grade
- 1.2
- Grade Unit
- %
- Intercept
- 6.1 m
Classification
- Deposit Type
- skarn
- Program
- exploration
- Sample Type
- drill
Location
- Location
- Conquest
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade sub-interval is strong for tungsten, but its historical, non-JORC compliant nature limits confidence.
Positive factors
- High Grade
Negative factors
- Historical Data Not JORC Compliant
- No QA/QC Disclosure
- Apparent Width Only
Evidence · text
“6.1m at 1.2% WO₃”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CR-20Linka · tungstenGrade: 0.5Grade Unit: %Intercept: 22.9 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CR-20
- Project
- Linka
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- VKA
Geometry
- Grade
- 0.5
- Grade Unit
- %
- Intercept
- 22.9 m
- From
- 15.5 m
- To
- 38.4 m
- Intercept Depth
- 15.5 m
Classification
- Deposit Type
- skarn
- Program
- exploration
- Sample Type
- drill
- Group ID
- CR-20:15.5-38.4
Location
- Location
- Conquest
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This historical intercept shows a good width with a grade near the historical average, but its reliability is limited by its historical, non-JORC compliant nature.
Positive factors
- Good Width
Negative factors
- Historical Data Not JORC Compliant
- No QA/QC Disclosure
- Apparent Width Only
Evidence · text
“22.9m at 0.5% WO₃ from 15.5m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CR-07Linka · tungstenGrade: 0.5Grade Unit: %Intercept: 18.3 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CR-07
- Project
- Linka
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- VKA
Geometry
- Grade
- 0.5
- Grade Unit
- %
- Intercept
- 18.3 m
- From
- 21.3 m
- To
- 39.6 m
- Intercept Depth
- 21.3 m
Classification
- Deposit Type
- skarn
- Program
- exploration
- Sample Type
- drill
- Group ID
- CR-07:21.3-39.6
Location
- Location
- Conquest
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This historical intercept shows a good width with a grade near the historical average, but its reliability is limited by its historical, non-JORC compliant nature.
Positive factors
- Good Width
Negative factors
- Historical Data Not JORC Compliant
- No QA/QC Disclosure
- Apparent Width Only
Evidence · text
“18.3m at 0.5% WO₃ from 21.3m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
LR-11Linka · tungstenGrade: 0.9Grade Unit: %Intercept: 7.9 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- LR-11
- Project
- Linka
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- VKA
Geometry
- Grade
- 0.9
- Grade Unit
- %
- Intercept
- 7.9 m
- From
- 7.6 m
- To
- 15.5 m
- Intercept Depth
- 7.6 m
Classification
- Deposit Type
- skarn
- Program
- exploration
- Sample Type
- drill
- Group ID
- LR-11:7.6-15.5
Location
- Location
- Linka Main
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This historical intercept shows a strong grade for tungsten, but its reliability is limited by its historical, non-JORC compliant nature.
Positive factors
- High Grade
Negative factors
- Historical Data Not JORC Compliant
- No QA/QC Disclosure
- Apparent Width Only
Evidence · text
“7.9m at 0.9% WO₃ from 7.6m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
DH-04Linka · tungstenGrade: 0.5Grade Unit: %Intercept: 9.8 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- DH-04
- Project
- Linka
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- VKA
Geometry
- Grade
- 0.5
- Grade Unit
- %
- Intercept
- 9.8 m
- From
- 61.9 m
- To
- 71.7 m
- Intercept Depth
- 61.9 m
Classification
- Deposit Type
- skarn
- Program
- exploration
- Sample Type
- drill
- Group ID
- DH-04:61.9-71.7
Location
- Location
- Linka Main
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This historical intercept shows a good width with a grade near the historical average, but its reliability is limited by its historical, non-JORC compliant nature.
Positive factors
- Good Width
Negative factors
- Historical Data Not JORC Compliant
- No QA/QC Disclosure
- Apparent Width Only
Evidence · text
“9.8m at 0.5% WO₃ from 61.9m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
LR-79-H(A)Linka · tungstenGrade: 1.2Grade Unit: %Intercept: 1.5 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- LR-79-H(A)
- Project
- Linka
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- VKA
Geometry
- Grade
- 1.2
- Grade Unit
- %
- Intercept
- 1.5 m
- From
- 4.6 m
- To
- 6.1 m
- Intercept Depth
- 4.6 m
Classification
- Deposit Type
- skarn
- Program
- exploration
- Sample Type
- drill
- Group ID
- LR-79-H(A):4.6-6.1
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This historical intercept shows a strong grade for tungsten, but its reliability is limited by its historical, non-JORC compliant nature.
Positive factors
- High Grade
Negative factors
- Historical Data Not JORC Compliant
- No QA/QC Disclosure
- Apparent Width Only
Evidence · text
“1.5m at 1.2% WO₃ from 4.6m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
HR-03Linka · tungstenGrade: 1Grade Unit: %Intercept: 1.5 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- HR-03
- Project
- Linka
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- VKA
Geometry
- Grade
- 1
- Grade Unit
- %
- Intercept
- 1.5 m
- From
- 12.2 m
- To
- 13.7 m
- Intercept Depth
- 12.2 m
Classification
- Deposit Type
- skarn
- Program
- exploration
- Sample Type
- drill
- Group ID
- HR-03:12.2-13.7
Location
- Location
- Hillside
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This historical intercept shows a strong grade for tungsten, but its reliability is limited by its historical, non-JORC compliant nature.
Positive factors
- High Grade
Negative factors
- Historical Data Not JORC Compliant
- No QA/QC Disclosure
- Apparent Width Only
Evidence · text
“1.5m at 1.0% WO₃ from 12.2m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
HR-02Linka · tungstenGrade: 0.6Grade Unit: %Intercept: 3.1 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- HR-02
- Project
- Linka
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- VKA
Geometry
- Grade
- 0.6
- Grade Unit
- %
- Intercept
- 3.1 m
- From
- 16.8 m
- To
- 19.9 m
- Intercept Depth
- 16.8 m
Classification
- Deposit Type
- skarn
- Program
- exploration
- Sample Type
- drill
- Group ID
- HR-02:16.8-19.9
Location
- Location
- Hillside
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This historical intercept shows a good grade for tungsten, but its reliability is limited by its historical, non-JORC compliant nature.
Positive factors
- Good Grade
Negative factors
- Historical Data Not JORC Compliant
- No QA/QC Disclosure
- Apparent Width Only
Evidence · text
“3.1m at 0.6% WO₃ from 16.8m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
VKRC0200Riverina East · goldGrade: 1.7Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- VKRC0200
- Project
- Riverina East
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- VKA
Geometry
- Grade
- 1.7
- Grade Unit
- g/t
- Intercept
- 1 m
Classification
- Program
- resource
- Sample Type
- drill
Location
- Location
- Bifrost South
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This new drill result confirms gold mineralization but at a moderate grade, and QA/QC details are not disclosed.
Positive factors
- New Drill Result
Negative factors
- Moderate Grade
- No QA/QC Disclosure
Evidence · text
“1m at 1.7g/t Au (VKRC0200)”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
VKRC0223Riverina East · goldGrade: 1Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- VKRC0223
- Project
- Riverina East
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- VKA
Geometry
- Grade
- 1
- Grade Unit
- g/t
- Intercept
- 3 m
Classification
- Program
- exploration
- Sample Type
- drill
Location
- Location
- Southern Structural Target
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This new drill result confirms gold mineralization but at a moderate grade, and QA/QC details are not disclosed.
Positive factors
- New Drill Result
Negative factors
- Moderate Grade
- No QA/QC Disclosure
Evidence · text
“3m at 1.0g/t Au (VKRC0223)”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
VKRC0223Riverina East · goldGrade: 1.4Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- VKRC0223
- Project
- Riverina East
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- VKA
Geometry
- Grade
- 1.4
- Grade Unit
- g/t
- Intercept
- 1 m
Classification
- Program
- exploration
- Sample Type
- drill
Location
- Location
- Southern Structural Target
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This new drill result confirms gold mineralization at a moderate grade, and QA/QC details are not disclosed.
Positive factors
- New Drill Result
Negative factors
- Moderate Grade
- No QA/QC Disclosure
Evidence · text
“1m at 1.4g/t Au”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 15LinkaNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Linka
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- VKA
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The approval of the maiden drilling program is a significant de-risking and advancement milestone for the flagship Linka project.
Positive factors
- Permit Granted
- Accelerates Project Development
- First Drilling in Decades
Evidence · text
“A Notice of Intent for the maiden Linka drilling programme (63 holes from 48 drill pads) was lodged with the US Bureau of Land Management (BLM) in early May 2026 and approved on 18 May 2026”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 16First HitNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- First Hit
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- VKA
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The divestment of a non-core gold project for significant consideration allows the company to focus on its tungsten strategy while retaining exposure to future success.
Positive factors
- Crystallizes Value
- Focus on Core Assets
- Retains Exposure to Upside
Negative factors
- Divestment of Assets
Evidence · text
“on 29 June 2026 Viking entered into binding agreements to divest the 12 tenements comprising the non-core First Hit Gold Project (including the Riverina East tenure and the historical First Hit Gold Mine) to First Au Limited (ASX: FAU) for total consideration of up to $5.0 million”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 17Needs review: drill_no_hole_idView all detailsHide details
Identity
- Region
- australia
- Reported Region
- australia
- Ticker
- VKA
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The successful capital raise provides significant funding for the company's strategic initiatives, including the tungsten acquisition and exploration, and includes a strategic investor.
Positive factors
- Strengthens Balance Sheet
- Funds Strategic Initiatives
- Strategic Cornerstone Investor
Negative factors
- Share Dilution
Evidence · text
“The Company raised $4.50 million (before costs) in December 2025 and February 2026, following a placement of 899,138,638 new fully paid ordinary shares in the Company to sophisticated and professional investors at an issue price of $0.005 per share”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 18Needs review: drill_no_hole_idView all detailsHide details
Identity
- Region
- australia
- Reported Region
- australia
- Ticker
- VKA
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a standard annual report providing a comprehensive overview of the company's activities and financial performance for the year.
Positive factors
- Comprehensive Reporting
Evidence · text
“Annual Report 2026”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Resource Estimates (8)
inferredCanegrass Battery Minerals Project · vanadiumTonnes: 146000000Grade: 0.7Grade Unit: % V2O5Contained Metal: 2200000000Contained Unit: lbView all detailsHide details
Identity
- Project
- Canegrass Battery Minerals Project
- Commodity
- vanadium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VKA
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Dean O’Keefe
- Resource group id
- resource:b682c89be97187f47615
- Deposit or zone
- Fold Nose, Kinks South and Kinks deposits
Resource Data
- Category
- inferred
- Tonnes
- 146000000
- Grade
- 0.7
- Grade Unit
- % V2O5
- Contained Metal
- 2200000000
- Contained Unit
- lb
- Cutoff Grade
- 0.5
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2023-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: An updated JORC-compliant Inferred resource for vanadium, providing a baseline but with low confidence for economic studies.
Positive factors
- JORC Compliant
- QP/CP Signed
- Resource Update
Negative factors
- All Inferred
Evidence · text
“146Mt at 0.70% V2O5”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.9 years before this release
inferredCanegrass Battery Minerals Project · iron_oreTonnes: 146000000Grade: 31.8Grade Unit: %View all detailsHide details
Identity
- Project
- Canegrass Battery Minerals Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VKA
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Dean O’Keefe
- Resource group id
- resource:b682c89be97187f47615
- Deposit or zone
- Fold Nose, Kinks South and Kinks deposits
Resource Data
- Category
- inferred
- Tonnes
- 146000000
- Grade
- 31.8
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2023-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: An updated JORC-compliant Inferred resource for iron, providing a baseline but with low confidence for economic studies.
Positive factors
- JORC Compliant
- QP/CP Signed
- Resource Update
Negative factors
- All Inferred
Evidence · text
“31.8% Fe”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.9 years before this release
inferredCanegrass Battery Minerals Project · titaniumTonnes: 146000000Grade: 6.6Grade Unit: % TiO2View all detailsHide details
Identity
- Project
- Canegrass Battery Minerals Project
- Commodity
- titanium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VKA
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Dean O’Keefe
- Resource group id
- resource:b682c89be97187f47615
- Deposit or zone
- Fold Nose, Kinks South and Kinks deposits
Resource Data
- Category
- inferred
- Tonnes
- 146000000
- Grade
- 6.6
- Grade Unit
- % TiO2
- Cutoff Grade
- 0.5
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2023-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: An updated JORC-compliant Inferred resource for titanium, providing a baseline but with low confidence for economic studies.
Positive factors
- JORC Compliant
- QP/CP Signed
- Resource Update
Negative factors
- All Inferred
Evidence · text
“6.6% TiO2”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.9 years before this release
inferredCanegrass Battery Minerals Project · vanadiumTonnes: 27500000Grade: 0.87Grade Unit: % V2O5View all detailsHide details
Identity
- Project
- Canegrass Battery Minerals Project
- Commodity
- vanadium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VKA
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Dean O’Keefe
- Resource group id
- resource:a2253e193ae9fb5245c4
- Deposit or zone
- Fold Nose, Kinks South and Kinks deposits (high-grade subset)
Resource Data
- Category
- inferred
- Tonnes
- 27500000
- Grade
- 0.87
- Grade Unit
- % V2O5
- Cutoff Grade
- 0.5
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2023-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: An updated JORC-compliant high-grade Inferred resource for vanadium, providing a better quality subset but with low confidence for economic studies.
Positive factors
- JORC Compliant
- QP/CP Signed
- Resource Update
- High Grade
Negative factors
- All Inferred
Evidence · text
“27.5Mt at 0.87% V2O5”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.9 years before this release
inferredCanegrass Battery Minerals Project · iron_oreTonnes: 27500000Grade: 37.3Grade Unit: %View all detailsHide details
Identity
- Project
- Canegrass Battery Minerals Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VKA
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Dean O’Keefe
- Resource group id
- resource:a2253e193ae9fb5245c4
- Deposit or zone
- Fold Nose, Kinks South and Kinks deposits (high-grade subset)
Resource Data
- Category
- inferred
- Tonnes
- 27500000
- Grade
- 37.3
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2023-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: An updated JORC-compliant high-grade Inferred resource for iron, providing a better quality subset but with low confidence for economic studies.
Positive factors
- JORC Compliant
- QP/CP Signed
- Resource Update
- High Grade
Negative factors
- All Inferred
Evidence · text
“37.3% Fe”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.9 years before this release
inferredCanegrass Battery Minerals Project · titaniumTonnes: 27500000Grade: 8Grade Unit: % TiO2View all detailsHide details
Identity
- Project
- Canegrass Battery Minerals Project
- Commodity
- titanium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VKA
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Dean O’Keefe
- Resource group id
- resource:a2253e193ae9fb5245c4
- Deposit or zone
- Fold Nose, Kinks South and Kinks deposits (high-grade subset)
Resource Data
- Category
- inferred
- Tonnes
- 27500000
- Grade
- 8
- Grade Unit
- % TiO2
- Cutoff Grade
- 0.5
- Cutoff Unit
- % V2O5
Prior Estimate
- Resource Date
- 2023-11-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: An updated JORC-compliant high-grade Inferred resource for titanium, providing a better quality subset but with low confidence for economic studies.
Positive factors
- JORC Compliant
- QP/CP Signed
- Resource Update
- High Grade
Negative factors
- All Inferred
Evidence · text
“8.0% TiO2”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.9 years before this release
inferredFirst Hit Gold Mine · goldTonnes: 83800Grade: 7Grade Unit: g/tContained Metal: 19000Contained Unit: ozView all detailsHide details
Identity
- Project
- First Hit Gold Mine
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VKA
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Dean O’Keefe
- Resource group id
- resource:641835629cc4031758c6
- Deposit or zone
- First Hit Gold Mine
Resource Data
- Category
- inferred
- Tonnes
- 83800
- Grade
- 7
- Grade Unit
- g/t
- Contained Metal
- 19000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-01-20
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: A JORC-compliant Inferred resource for gold, but the estimate is not new and the asset has been divested, reducing its relevance to the company.
Positive factors
- JORC Compliant
- QP/CP Signed
Negative factors
- All Inferred
- Stale Estimate
- Divested Asset
Evidence · text
“83.8kt @ 7.0g/t Au for 19,000 ounces of gold”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredFirst Hit Gold Mine · goldTonnes: 53100Grade: 7.2Grade Unit: g/tContained Metal: 12400Contained Unit: ozView all detailsHide details
Identity
- Project
- First Hit Gold Mine
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VKA
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Dean O’Keefe
- Resource group id
- resource:b94d77673c77beb637cf
- Deposit or zone
- First Hit Gold Mine (potentially mineable portion)
Resource Data
- Category
- inferred
- Tonnes
- 53100
- Grade
- 7.2
- Grade Unit
- g/t
- Contained Metal
- 12400
- Contained Unit
- oz
- Cutoff Grade
- 1.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-06-10
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: A JORC-compliant Inferred resource for gold, constrained by an underground study, but the estimate is not new and the asset has been divested.
Positive factors
- JORC Compliant
- QP/CP Signed
- Underground Mining Study
Negative factors
- All Inferred
- Stale Estimate
- Divested Asset
Evidence · text
“53.1kt @ 7.2g/t Au for 12,400 ounces of gold, constrained within a conceptual underground mine design and above a calculated stoping cut-off grade of 1.3g/t Au”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Metallurgical Results (7)
gravityLinka · tungstenRecovery: 63.7 %Head Grade: 1.3Head Grade Unit: % WO₃View all detailsHide details
Identity
- Project
- Linka
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- Nevada, USA
- Ticker
- VKA
Test Work
- Program Status
- preliminary
- Test Type
- gravity
- Processing Route
- gravity separation
- Sample
- Linka Pit sample
Recovery
- Recovery
- 63.7 %
- Recovery Basis
- actual_test
- Head Grade
- 1.3
- Head Grade Unit
- % WO₃
- Conc. Grade
- 22.9
- Conc. Grade Unit
- % WO₃
Lab
- Laboratory
- Base Met Labs (Tucson, Arizona)
- Consultant
- Independent Metallurgical Operations (IMO)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Initial gravity separation achieved good recovery and significant grade upgrade, indicating amenable ore, though it's from preliminary bench-scale testwork.
Positive factors
- Good Recovery
- Significant Grade Upgrade
- Free Milling
Negative factors
- Bench Scale Only
Evidence · text
“First-round gravity separation on the 1.3% WO₃ Linka Pit sample delivered a 16-times upgrade to a 22.9% WO₃ rougher concentrate at 63.7% recovery”
Tags used in scoring
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
gravityLinka · tungstenView all detailsHide details
Identity
- Project
- Linka
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- Nevada, USA
- Ticker
- VKA
Test Work
- Program Status
- preliminary
- Test Type
- gravity
- Processing Route
- cleaner gravity
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 63.6
- Conc. Grade Unit
- % WO₃
Lab
- Laboratory
- Base Met Labs (Tucson, Arizona)
- Consultant
- Independent Metallurgical Operations (IMO)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Cleaner gravity testwork produced a very high-grade concentrate, demonstrating the potential for a premium product, but from bench-scale tests.
Positive factors
- Premium Concentrate Grade
- Significant Grade Upgrade
Negative factors
- Bench Scale Only
Evidence · text
“Cleaner gravity testwork produced a premium concentrate of 63.6% WO₃”
Tags used in scoring
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
flotationLinka · tungstenRecovery: 59.8 %View all detailsHide details
Identity
- Project
- Linka
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- Nevada, USA
- Ticker
- VKA
Test Work
- Program Status
- detailed
- Test Type
- flotation
- Processing Route
- combined gravity and cleaner flotation
- Sample
- 10kg scale
Recovery
- Recovery
- 59.8 %
- Recovery Basis
- actual_test
- Conc. Grade
- 62.5
- Conc. Grade Unit
- % WO₃
Lab
- Laboratory
- Base Met Labs (Tucson, Arizona)
- Consultant
- Independent Metallurgical Operations (IMO)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Scaled-up testwork achieved good concentrate grade and recovery, validating the combined flowsheet, but remains bench-scale.
Positive factors
- Good Concentrate Grade
- Good Recovery
Negative factors
- Bench Scale Only
Evidence · text
“Scaled up (10kg) combined gravity and cleaner flotation testwork delivered 62.5% WO₃ at 59.8% recovery”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
flotationLinka · tungstenRecovery: 76 %View all detailsHide details
Identity
- Project
- Linka
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- Nevada, USA
- Ticker
- VKA
Test Work
- Program Status
- optimization
- Test Type
- flotation
- Processing Route
- combined gravity and cleaner flotation
Recovery
- Recovery
- 76 %
- Recovery Basis
- actual_test
- Conc. Grade
- 56.9
- Conc. Grade Unit
- % WO₃
Lab
- Laboratory
- Base Met Labs (Tucson, Arizona)
- Consultant
- Independent Metallurgical Operations (IMO)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Achieved high recovery exceeding company targets, demonstrating significant improvement in the processing route, though still from bench-scale.
Positive factors
- High Recovery
- Recovery Improving
- Exceeds Company Target
Negative factors
- Bench Scale Only
Evidence · text
“subsequently improved to 56.9% WO₃ at 76.0% recovery”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
gravityLinka · tungstenView all detailsHide details
Identity
- Project
- Linka
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- Nevada, USA
- Ticker
- VKA
Test Work
- Program Status
- optimization
- Test Type
- gravity
- Processing Route
- standalone gravity
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 66.6
- Conc. Grade Unit
- % WO₃
Lab
- Laboratory
- Base Met Labs (Tucson, Arizona)
- Consultant
- Independent Metallurgical Operations (IMO)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Standalone gravity produced a very high-grade concentrate, supporting a gravity-led flowsheet, but from bench-scale tests.
Positive factors
- Premium Concentrate Grade
Negative factors
- Bench Scale Only
Evidence · text
“with the standalone gravity concentrate grading 66.6% WO₃”
Tags used in scoring
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
ore_sortingLinka · tungstenView all detailsHide details
Identity
- Project
- Linka
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- Nevada, USA
- Ticker
- VKA
Test Work
- Program Status
- preliminary
- Test Type
- ore_sorting
- Processing Route
- X-ray Transmission (XRT) ore sorting
- Sample
- Conquest Pit sample
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 1.91
- Conc. Grade Unit
- % WO₃
- Tailings Grade
- 0.2
- Tailings Grade Unit
- % WO₃
- Mass Pull
- 67.8 %
Lab
- Laboratory
- TOMRA (Wedel, Germany)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: XRT ore sorting successfully upgraded material from the Conquest sample, demonstrating potential for pre-concentration, but from testwork.
Positive factors
- Successful Ore Sorting
- Significant Grade Upgrade
Negative factors
- Bench Scale Only
Evidence · text
“high-grade sorted products of 1.91% WO₃ (approximately 3.1 times feed grade) from the Conquest sample and ... with reject streams grading approximately 0.2% WO₃”
ore_sortingLinka · tungstenView all detailsHide details
Identity
- Project
- Linka
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- Nevada, USA
- Ticker
- VKA
Test Work
- Program Status
- preliminary
- Test Type
- ore_sorting
- Processing Route
- X-ray Transmission (XRT) ore sorting
- Sample
- Linka stockpile sample
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 1.83
- Conc. Grade Unit
- % WO₃
- Tailings Grade
- 0.2
- Tailings Grade Unit
- % WO₃
- Mass Pull
- 56.1 %
Lab
- Laboratory
- TOMRA (Wedel, Germany)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: XRT ore sorting successfully upgraded material from the Linka stockpile, demonstrating potential for pre-concentration, but from testwork.
Positive factors
- Successful Ore Sorting
- Significant Grade Upgrade
Negative factors
- Bench Scale Only
Evidence · text
“1.83% WO₃ (approximately 4.1 times feed grade) from the Linka stockpile sample, with reject streams grading approximately 0.2% WO₃”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.