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05/1/14 - A$0.05
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viking mines ltd (VKA) Details

Viking Mines Limited explores for, develops, and mines mineral deposits in Ghana, West Africa. The company holds interest in two project areas, including the West Star/Blue River and the Akoase East and West projects covering an area of approximately 224 square kilometers, which are located in southern Ghana. It also holds interest in the Berkh Uul bituminous coal project located in Selenge Province, northern Mongolia. The company was formerly known as Viking Ashanti Limited. Viking Mines Limited was founded in 2007 and is based in West Perth, Australia.

Founded in 2007

viking mines ltd (VKA) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: A$112.5K
Company Secretary
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

viking mines ltd (VKA) Key Developments

Viking Mines Ltd Completes Drilling at Berkh Uul Coal Project

Viking Mines Ltd. has successfully completed its drilling program at the company's 100%-owned Berkh Uul Coal Project prior to the winter recess of the field season in northern Mongolia and well within budget. The drilling program was completed by drilling contractor Ellehcor with 1,064.5m drilled in 18 holes. The drilling, designed to infill and extend the existing drill coverage, commenced in the northeast of the licence area where there is pre-existing drilling within the confines of the current 38Mt resource. It progressed to the south, targeting extensions to the deposit to add to the current resource. The drilling tested the near-surface (top 60m) shallow west-dipping eastern limb of a broad south-plunging synclinal structure, in which two main coal seams are located. Holes were drilled using open-hole precollars, with PQ diamond tails through the target coal bearing zones, on a nominal 500m line spacing. All holes were down-hole surveyed for geophysical and directional data, with all drill collars surveyed to sub-metre accuracy. A total of 87 samples were collected from PQ drill core for coal analysis, samples are now at Bureau Veritas laboratory in Ulaanbaatar.

VKA Completes Strategic Review Process On Ghanaian Gold Assets

Viking Mines Limited (ASX:VKA) is pleased to advise that the strategic review of its Ghanaian gold assets has now been completed. The recently announced review has been conducted by VKA’s corporate advisors, Emerald Partners Pty Limited. Emerald has contacted a number of Parties who have expressed interest in acquiring Viking’s Ghanaian gold projects. Confidential access to Viking’s detailed project data has been arranged for these parties through Emerald’s process. This process will enable formal offers to be made.

Viking Mines Limited, Annual General Meeting, Dec 12, 2014

Viking Mines Limited, Annual General Meeting, Dec 12, 2014., at 12:30 W. Australia Standard Time. Location: Suite 2, Level 1. Agenda: To consider the adoption of remuneration report for the company and its controlled entities for the period ended June 30, 2014; to consider election and reelection of Directors; to ratify an issue of shares and options to related parties; to approve issue of shares and options to a Director; to approve issue of Viking Shares and Viking Options to the Auminco Lenders under the Debt Agreement; to approve issue of Viking Options to Corporate Advisers; and to approve the issue of options.


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